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Auditors cast doubts on Kingfisher's revival plans

Aug 15, 2013

Auditors cast doubts on Kingfisher's revival plans

The carrier's net worth as on 31 March 2013 stood at minus Rs 1,292 crore, while lenders recalled loans totalling Rs 6,203 crore in April this year. #Business #Kingfisher Airlines #CompanyWatch #DGCA #UB Holdings
Mallya's move against banks to slow down recovery from KFA

May 27, 2013

Mallya's move against banks to slow down recovery from KFA

It seems Vijay Mallya is trying too hard to delay the process of recovery from his collapsed airline Kingfisher. #ConnectTheDots #Kingfisher Airlines #SBI #Vijay Mallya #Diageo #UB Holdings
UB seeks shareholders' nod to up lending limit to KFA, stock up

Feb 19, 2013

UB seeks shareholders' nod to up lending limit to KFA, stock up

The revision was done to facilitate the conversion of loans given to Kingfisher into convertible/no-convertible securities, as required by the debt recast agreement between the airline and a consortium of its lenders. #Kingfisher Airlines #CompanyWatch #loan #UB Holdings
Lessors, banks to invoke guarantees by UB holdings

Aug 09, 2012

Lessors, banks to invoke guarantees by UB holdings

Certain aircraft lessors and bankers to ailing Kingfisher Airlines (KFA) have invoked corporate guarantees given by Vijay Mallya-led United Breweries (Holdings) and negotiations are on over the issue. #Kingfisher Airlines #TheySaidIt #Vijay Mallaya #UB Holdings
Lessors, banks to invoke guarantees by UB holdings

Sep 24, 2014

Billionaires are hoarding more cash

The pile of cash that billionaires dive into each night just got bigger. Each uber wealthy person boosted their cash holdings by an average of $60 million over the past year, according to the 2014 Billionaire Census published by Wealth-X and UBS...
Lessors, banks to invoke guarantees by UB holdings

Sep 29, 2014

UBS creates new group

GenevaLunch News Move to group holding company part of too-big-to-fail measures ZURICH, SWITZERLAND – UBS, Switzerland’s largest bank, is launching a share-for-share exchange to create a group holding company, UBS Group AG. The move is part of a seri...
Lessors, banks to invoke guarantees by UB holdings

Sep 22, 2014

Billionaires are hoarding mountains of cash

Billionaires are holding mountains of cash, offering the latest sign that the ultra-wealthy are nervous about putting more money into today's markets. According to the new Billionaire Census from Wealth-X and UBS, the world's billionaires are holding...