Gangwal — who co-founded InterGlobe Aviation, the operator of India's largest airline IndiGo — has also served on the boards of US Airways Group, CarMax and ...
- Southwest Airlines has appointed aviation industry veteran Rakesh Gangwal to its board of directors , it said on Monday, as increasing pressure from activist investor Elliott pushes the U.S. budget carrier to take defensive measures.
Elliott, known for pushing for a change to boost shareholder returns, had called for a reconstitution of Southwest's board with "new, truly independent" directors possessing expertise in airlines, customer experience and technology.The activist investor had also called for a leadership change citing Southwest's disappointing financial results.
The amount Hindenburg Research made from it's short-seller report on Adani Group pales in comparison to the market value it erased.The farm-equipment manufacturer will lay off about 600 employees across three US factories as it shifts production to a newly planned facility in Ramos, Mexico. The stock market will drop 32% in 2025 as the Fed fails to save the economy from a recession, research firm says
“I think, a year from now, we have three $4 trillion market cap companies: Nvidia, Apple, Microsoft,” Wedbush tech analyst Dan Ives told Fortune.
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