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SpiceJet plans to start door-to-door cargo delivery service

Feb 09, 2016

SpiceJet plans to start door-to-door cargo delivery service

According to SpiceJet, domestic cargo is logging a 15-17 percent year-on-year growth. #Business #Aviation #Kingfisher Airlines #SpiceJet #CompanyWatch #Cargo traffic
Tackling cronies requires political will; else RBI will become a paper tiger

Jan 14, 2016

Tackling cronies requires political will; else RBI will become a paper tiger

The RBI alone cannot do much to hunt down the “inter-connected wrongdoers” unless there is a strong political will #RBI #Kingfisher Airlines #Vijay Mallya #Raghuram Rajan #NPA #Subrata Roy #Sahara #wilful defaulters
Bankruptcy Bill: The fight against crony capital now has two legs

Dec 22, 2015

Bankruptcy Bill: The fight against crony capital now has two legs

The Bankruptcy Code will allow no such leniency and excess recourse to courts, making it difficult for promoters to drag the recovery process endlessly, often after looting the company. #Crony capitalism #Economy #Business #Rajya Sabha #Kingfisher Airlines #Vijay Mallya #Raghuram Rajan #PolicyWatch #GST Bill #National Company Law Tribunal #Arihant Threads #Sick Industrial Companies Act #Insolvency and Bankruptcy Code
SC raps RBI on the knuckles and with reason for being secretive about NPAs

Dec 17, 2015

SC raps RBI on the knuckles and with reason for being secretive about NPAs

Sick company rich promoter syndrome that has bedeviled the banking and financial system of the country is just not a flippant expression. #HowThisWorks #Kingfisher Airlines #bankruptcy code #Strategic Debt Restructuring
Large promoters can impede loan recovery, says Rajan

Dec 11, 2015

Large promoters can impede loan recovery, says Rajan

Regarding change in the guidelines for calculation of base rate, Rajan said RBI had discussed with the banks and their views had been taken into account. #Economy #RBI #Kingfisher Airlines #TheySaidIt #Vijay Mallya #Raghuram Rajan #IDBI Bank #bad loans #UB Group #non performing assets
CBI questions Vijay Mallya in alleged loan default case

Dec 10, 2015

CBI questions Vijay Mallya in alleged loan default case

The CBI sources said an FIR into the alleged violations was registered recently as part of its wide probe into criminal aspects of loans declared to be non-performing assets by public sector banks. #Business #NewsTracker #Aviation #CBI #Kingfisher Airlines #Vijay Mallya #IDBI Bank #UB Group #Banking Securities Fraud Cell
SBI finally tags Vijay Mallya 'wilful defaulter', others still dragging feet. We need special courts to fix crony promoters

Nov 23, 2015

SBI finally tags Vijay Mallya 'wilful defaulter', others still dragging feet. We need special courts to fix crony promoters

Till the time an effective judicial platform is set up to handle such cases, even the wilful defaulter tag is nothing more than a child's toy #Kingfisher Airlines #SBI #Vijay Mallya #United Bank of India #United Breweries #Loan recovery #wilful defaulter #bank NPA