
IndiGo president Aditya Ghosh resigns, Rahul Bhatia appointed interim CEO
Aditya Ghosh’s resignation as president of IndiGo airlines is effective from July 31.
By HT Correspondent | PTI, New Delhi
UPDATED ON APR 27, 2018 08:31 PM IST
No-frills airline IndiGo announced on Friday that Aditya Ghosh would step down as its President and Whole Time Director while promoter Rahul Bhatia would become the interim CEO.
The company’s board, in its meeting on Friday, accepted the resignation of Ghosh, according to a regulatory filing.
His resignation as Whole Time Director is effective from April 26 while he would step down as president with effect from July 31.
The board has appointed Bhatia as the Interim Chief Executive Officer and he would continue as a director.
IndiGo is the country’s largest domestic carrier with a market share of about 40%.

Bitcoin retreats from $40,000 level strategists view as key
Bloomberg
PUBLISHED ON JAN 18, 2021 10:27 AM IST
Traders seeking clues about investor appetite for risk have been gripped by Bitcoin’s stunning rally and turbulent 12% slide.

Sensex opens over 200 points lower at 48,831; Nifty falls 70.60 points to 14,363
PTI
UPDATED ON JAN 18, 2021 10:02 AM IST
HDFC Bank, HCL Tech, SBI, Tech Mahindra and ICICI Bank were among the gainers in the Sensex pack.

China GDP grows 2.3% in 2020, slowest in more than four decades: Official
AFP
PUBLISHED ON JAN 18, 2021 07:59 AM IST
The 2.3 percent expansion is the lowest figure since the Chinese economy embarked on major reforms in the 1970s.

Publishers seek relief for print media
By Shuchi Bansal, Lata Jha, New Delhi
UPDATED ON JAN 18, 2021 06:59 AM IST
“The print media industry needs the removal of customs duty on imported newsprint. This will help manage costs,” Jayant Mammen Mathew, executive editor of Malayala Manorama Co., told Mint.

US stimulus, Q3 earnings, covid vaccination to steer stocks
By Nasrin Sultana, Mumbai
PUBLISHED ON JAN 18, 2021 05:32 AM IST
Q3 earnings have so far been firm and are likely to remain strong, which along with vaccination drive, should offer support to equities, Modi added. “The budget will be crucial for the market as it will offer clarity about the sustainability of the rebound.

New stress-test formula gets RBI board nod
By Gopika Gopakumar, Mumbai
PUBLISHED ON JAN 18, 2021 05:22 AM IST
The scrutiny on stress tests comes after market participants raised concerns on the quality of these tests, which differ from projections by banks and rating agencies. Stress tests should ideally prepare the system to handle a crisis by issuing early warnings.

Reliance to embed JioMart in WhatsApp within six months
By Abhijit Ahaskar, Kalpana Pathak, Mumbai, New Delhi
UPDATED ON JAN 18, 2021 07:04 AM IST
The integration will allow JioMart catapult its reach across India, allowing Reliance Retail to pose a serious challenge to Flipkart and Amazon’s domination in India’s fast-growing online retail market.

Personal finance: Five sections that yield you tax benefits
By Abeer Ray
UPDATED ON JAN 18, 2021 10:19 AM IST
Did you know that you could save on taxes by applying for deductions under 14 different sections of the Income Tax Act? If you are yet to invest in a way that would yield you tax concessions, here are the five simplest sections to target.

DHFL resolution: Lenders approve Piramal's bid
PTI, New Delhi
PUBLISHED ON JAN 17, 2021 08:29 PM IST
Piramal's bid received 94 per cent votes as compared to 45 per cent for the US-based Oaktree Capital.

Indigo Paints to come up with its IPO on January 20. All you need to know
By hindustantimes.com | Edited by Deepali Sharma, Hindustan Times, New Delhi
PUBLISHED ON JAN 17, 2021 07:16 PM IST
For the initial share sale ₹1,488- ₹1,490 has been set as the price band. The public issue would get ₹1,170.16 crore at the upper end of the price band.

Indian Railway Finance Corporation IPO opens tomorrow
Written by Meenakshi Ray
PUBLISHED ON JAN 17, 2021 05:20 PM IST
The Union cabinet had approved listing of five railway companies in April 2017. Four of them have been listed.

Amazon Prime Video to continue investing in local content, expanding reach
PTI
PUBLISHED ON JAN 17, 2021 05:05 PM IST
APV, which has recently partnered with Airtel to bring a mobile-only plan (a global first) for Indian users, competes with platforms like Netflix, Disney Hotstar, Zee5 and others in the country.

Plea in HC against Lakshmi Vilas Bank-DBS merger
PTI, New Delhi
PUBLISHED ON JAN 17, 2021 04:38 PM IST
The petition in the Delhi High Court has been filed by lawyer Sudhir Kathpalia, who was also a shareholder in Lakshmi Vilas Bank.

'Can't read your personal conversation: WhatsApp shares status amid backlash
Written by Poulomi Ghosh
UPDATED ON JAN 17, 2021 03:38 PM IST
Whatsapp said it can't see users' shared location and it doesn't share contacts with Facebook.

Demand to rationalise GST on food delivery business to 5%
PTI, Kolkata
PUBLISHED ON JAN 17, 2021 02:29 PM IST
Restaurateurs said a high commission of 23-24 per cent by food delivery platforms have turned out to be a pain point even for several months of reopening after lockdown