IndiGo Co-Founder Rakesh Gangwal Named Southwest Airlines Chairman

06 Nov 2024 CW Team

Rakesh Gangwal, co-founder of India’s leading low-cost carrier, IndiGo, has been appointed as chairman of the board at Southwest Airlines. Known for his expertise in scaling airlines, Gangwal brings extensive industry experience and a strategic vision that aligns with Southwest’s growth goals.

Gangwal’s transition to this influential role marks a significant moment for Southwest Airlines, as he will guide the board in navigating the post-pandemic recovery, focusing on sustainability, and expanding routes while maintaining Southwest's core values of affordability and quality service. His leadership is expected to be pivotal in tackling the evolving challenges in the aviation industry, including rising operational costs and regulatory shifts.

Having been a key architect behind IndiGo’s successful low-cost model, Gangwal's insights could provide Southwest with fresh perspectives on maintaining competitive pricing and enhancing customer service. This appointment is also anticipated to strengthen Southwest’s position in a highly competitive market by implementing innovative strategies for efficient operations and long-term profitability.

Gangwal’s leadership is expected to reinforce Southwest’s commitment to operational excellence and further position it as a leading airline in both domestic and international markets.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..