InterGlobe Aviation CEO resigns

InterGlobe Aviation CEO resigns


With effect from 10 March 2026

The board of InterGlobe Aviation at its meeting held on 10 March 2026 has taken note of the resignation tendered by Pieter Elbers, Chief Executive Officer. He will be relieved from the service of the Company effective close of business hours on 10 March 2026.

Rahul Bhatia, Managing Director, shall in the interim assume management of the affairs of the Company.

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First Published: Mar 10 2026 | 8:04 PM IST



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InterGlobe Aviation CEO resigns

Aditya Birla Capital invests Rs 750 cr in Aditya Birla Housing Finance


Aditya Birla Capital (ABCL) has made an investment of Rs. 749.99 crore on rights basis, in the equity shares of Aditya Birla Housing Finance (ABHFL). Pursuant to the aforesaid investments, there is no change in the percentage shareholding of ABCL and ABHFL continues to be wholly owned subsidiary of the Company.

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First Published: Mar 10 2026 | 7:16 PM IST



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InterGlobe Aviation CEO resigns

H.G. Infra Engineering bags Rs 401-cr order from Anuppur Thermal Energy


H.G. Infra Engineering announced that it has secured an order worth Rs 401.33 crore from Anuppur Thermal Energy (MP) in Madhya Pradesh.

According to an exchange filing, the project involves execution of civil worksincluding earthwork, bridges, and station buildingsalong with P-way works for the development of railway infrastructure at a 2×800 MW thermal power project in Anuppur, Madhya Pradesh.

The total value of the order stands at Rs 401.33 crore (including GST) and the project is expected to be executed within 18 months.

HGINFRA is an infrastructure development company. The company specialises in executing end-to-end Engineering, Procurement, and Construction (EPC) services and Hybrid Annuity Model (HAM) projects across transport infrastructure, renewable energy, and Battery Energy Storage Systems (BESS) including transmission.

 

On a consolidated basis, the company’s net profit fell 18.1% to Rs 94.28 crore on a 12.4% rise in revenue from operations to Rs 1,421.16 crore in Q3 FY26 over Q3 FY25.

Shares of H.G. Infra Engineering added 1.86% to settle at Rs 490.45 on the BSE.

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First Published: Mar 10 2026 | 6:16 PM IST



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InterGlobe Aviation CEO resigns

Innovision IPO subscribed 0.02 times


The offer received bids for 1.22 lakh shares as against 61.32 lakh shares on offer.

Innovision received bids for 1,22,202 shares as against 61,32,433 shares on offer, according to stock exchange data at 17:00 IST on Tuesday (10 March 2026). The issue was subscribed 0.02 times.

The issue opened for bidding on 10 March 2026 and it will close on 12 March 2026. The price band of the IPO is fixed between Rs 521 and 548 per share. An investor can bid for a minimum of 27 equity shares and in multiples thereof.

The Rs 322.84 crore IPO comprises a fresh issue of 4,653,285 equity shares to raise Rs 255 crore and an offer for sale (OFS) of up to 1,238,000 equity shares worth up to Rs 67.84 crore at a higher price band of Rs 548. Promoter group members Lt. Col. Randeep Hundal and Udaypal Singh will offload 619000 shares each.

 

Innovision will utilize Rs 51.0 crore from the net fresh issue proceeds for repayment of its borrowings, Rs 119 crore for working capital requirements, and the remaining funds will be utilized for general corporate purposes.

Innovision provides manpower services, toll plaza management, and skill development training across India. The company offers private security, integrated facility management (IFM), manpower sourcing and payroll services, and operates toll plazas primarily for the National Highways Authority of India (NHAI). As of January 2026, it served over 180 clients across more than 1,000 locations.

For the six months ended 30 September 2025, the firm recorded a consolidated net profit of Rs 3.57 crore and sales of Rs 480 crore.

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InterGlobe Aviation CEO resigns

Quick Wrap: Nifty Pharma Index records a surge of 1.22%


Nifty Pharma index ended up 1.22% at 23214.25 today. The index has added 6.00% over last one month. Among the constituents, Wockhardt Ltd rose 3.34%, Glenmark Pharmaceuticals Ltd added 2.73% and Alkem Laboratories Ltd jumped 2.59%. The Nifty Pharma index has increased 15.00% over last one year compared to the 7.44% spike in benchmark Nifty 50 index. In other indices, Nifty Auto index increased 1.19% and Nifty Financial Services index gained 1.02% on the day. In broad markets, the Nifty 50 recorded a gain of 0.43% to close at 24131.4 while the SENSEX increased 0.30% to close at 77802.13 today.

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First Published: Mar 10 2026 | 5:16 PM IST



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InterGlobe Aviation CEO resigns

Quick Wrap: Nifty Auto Index rises 2.26%


Nifty Auto index closed up 2.26% at 26552.95 today. The index is down 4.00% over last one month. Among the constituents, Ashok Leyland Ltd gained 3.39%, Sona BLW Precision Forgings Ltd added 3.20% and TVS Motor Company Ltd jumped 3.19%. The Nifty Auto index is up 28.00% over last one year compared to the 7.85% surge in benchmark Nifty 50 index. In other indices, Nifty Private Bank index added 1.67% and Nifty Financial Services index added 1.62% on the day. In broad markets, the Nifty 50 recorded a gain of 0.81% to close at 24222.4 while the SENSEX added 0.77% to close at 78164.83 today.

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First Published: Mar 10 2026 | 5:16 PM IST



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