IndiGo share price in focus as it faces CCI probe after mass flight cancellations| Business News

Shares of InterGlobe Aviation Ltd. are in focus today after the Competition Commission of India said it was reviewing allegations of anti-trust violations by IndiGo following mass flight cancellations earlier in December. In the first week of December, IndiGo cancelled about 4,500 flights due to poor pilot roster planning. (Reuters) The CCI has “taken cognizance […]

Noida seeks EOW probe against 2 realtors over ₹472 cr dues

NOIDA: The Noida authority has requested the Economic Offences Wing (EOW) of Delhi Police to probe two realtors — TGB Infrastructure private limited and Kindle Infraheights private limited, for defaulting on payment of housing land cost dues despite repeated notices. On December 21, 2023, the Authority gave all realty projects a last opportunity to clear […]

IndusInd Bank wants to claw back salaries of Sumant Kathpalia, Arun Khurana amid fraud probe| Business News

IndusInd Bank Ltd. has begun a process to claw back salary and bonuses from its former chief executive and his deputy, after an internal review flagged misconduct and misreporting. The IndusInd Bank fraud relates to incorrect accounting on derivative trades that prompted a Rs-2,000 crore hit to its accounts. (Bloomberg) The IndusInd board has obtained […]

SC orders inquiry into stalled Greater Noida housing project, appoints ex-HC judge to head probe

New Delhi, Nov 7 (PTI) In a significant verdict, the Supreme Court on Friday set up a one-member committee headed by former Allahabad High Court judge Pankaj Naqvi for conducting a comprehensive inquiry and suggesting a practical roadmap for completing a stalled housing project at Greater Noida in Uttar Pradesh. The Supreme Court on Friday […]