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

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.

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.