New Delhi: InterGlobe Aviation Limited, the parent company of IndiGo, has firmly denied media reports suggesting a 4% stake sale to raise $1 billion (approximately Rs 8,600 crore). Labeling the claims as "speculative" and baseless, the company reaffirmed its commitment to IndiGo's long-term growth strategy. In a statement, InterGlobe Enterprises emphasized, "We are fully focused on IndiGo's next phase of growth, with no plans for a stake sale." The clarification addressed rumors that co-promoter Rahul Bhatia was planning to offload shares through block deals, following his June 2024 sale of a 2% stake (77.2 lakh shares) for Rs 3,292 crore, which supported InterGlobe's hospitality and other ventures. Meanwhile, co-founder Rakesh Gangwal has been steadily reducing his stake, with a 5.7% share sale in May 2025, bringing his family's holding to 7.8% from 37% pre-2020. Gangwal has previously signaled his intent to exit the airline. Despite the rumors, Ind...

New Delhi, June 16, 2025  — Investors from the early-stage angel network JIIF have invested in a ₹350 crore fund for Atomic Capital, a newly launched consumer-focused venture capital firm. JIIF-affiliated angel investors alone contributed ₹26.5 crore to the fund. This marks one of the largest collective bets by JIIF's investors in the consumer VC space, underscoring rising conviction in India's next wave of consumption, driven by digital-first brands, regional demand, and wellness-oriented products. Commenting on the investment, Jeenendra Bhandari, Chairman, JIIF, said, "It is a proud moment to see JIIF members backing Atomic Capital's first fund. Their investment aligns with our broader thesis of supporting category-defining, purpose-led startups. India's consumer opportunity is massive and Atomic's operating model is well positioned to unlock enduring brand value." Speaking on the  investment Apoorv Gautam, Founder Atomic Capital said "We are deligh...

Uttarakhand News Kedarnath Helicopter Crash: A devastating accident near Kedarnath Dham claims seven lives, leaving the nation in mourning. Rescue operations are underway amidst challenging conditions. In a heart-wrenching tragedy that has shaken the nation, a helicopter carrying seven souls crashed near the sacred Kedarnath Dham in Uttarakhand's Gaurikund region on Sunday morning. The ill-fated chopper, operated by Aryan Aviation, was en route from Kedarnath to Phata when it plummeted near Trijuginarayan, reportedly due to treacherous weather conditions. All seven aboard, including passengers and crew, are feared dead, casting a pall of grief over the serene Himalayan valleys. The crash, which occurred at approximately 7:00 AM, sent shockwaves through the pilgrimage hub, where devotees throng to seek blessings at the revered Kedarnath Temple. Eyewitnesses described a haunting scene: the helicopter, struggling against gusty winds and dense fog, veered off course before crashing int...