November 4, 2024

Mutual funds can now invest in overseas MFs, unit trusts; but not more than 25% of their assets

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Reuters

November 04, 2024 / 18:26 IST

Rakesh Gangwal

Southwest Airlines on November 4 named aviation industry veteran Rakesh Gangwal as the chairperson of its board.

The airline brought in the co-founder of India’s InterGlobe Aviation to its board in July after pressure from activist investor Elliott Investment Management.

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Last month, Southwest settled its boardroom feud with Elliott in a deal that allowed CEO Bob Jordan to retain his job by making bigger board-level concessions.

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