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Kingfisher Airlines

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Kingfisher debacle to United Spirits row: Charting out the great fall of Vijay Mallya

Apr 27, 2015

Kingfisher debacle to United Spirits row: Charting out the great fall of Vijay Mallya

Over the last few years, Mallya has been battling the banks which have been going after his assets, for all the debt that is unpaid. To conclude, Mallya has always been too busy living his flamboyant lifestyle and that seems to have caught up with his businesses in the end. #Kingfisher Airlines #Vijay Mallya #UB Group #United Spirits
Won't step down: Vijay Mallya remains defiant even as Diageo moves to sack him from USL board

Apr 26, 2015

Won't step down: Vijay Mallya remains defiant even as Diageo moves to sack him from USL board

Alleging fund diversion to Kingfisher and other UB group entities, United Spirits' new owner Diageo has asked Vijay Mallya to step down as Chairman and Director of the Indian liquor firm, a demand he outrightly rejected. #Kingfisher Airlines #Vijay Mallya #Kingfisher #Diageo #UB Group #United Spirits #Board
Mallya's once prized private jet now being torn apart and sold as scrap

Apr 15, 2015

Mallya's once prized private jet now being torn apart and sold as scrap

Mumbai firm Silent Enterprises had announced a work order on 1 April and the process of dismantling started on 6 April. #Business #NewsTracker #Kingfisher Airlines #Vijay Mallya #Mumbai International Airport #Silent Enterprises
SC rejects Kingfisher's plea challenging Rs 372 Cr TDS demand

Apr 07, 2015

SC rejects Kingfisher's plea challenging Rs 372 Cr TDS demand

The IT department had initiated proceedings against airlines in 2011 alleging that the carrier failed to remit the TDS from employees' salaries and other payments with the government. #NewsTracker #Supreme Court #Kingfisher Airlines #Karnataka High Court #Tax Deducted at Source #Justice Ranjan Gogoi #Justice NV Ramana
Kingfisher a lost battle but no action against Mallya will send wrong signal to other defaulters

Mar 26, 2015

Kingfisher a lost battle but no action against Mallya will send wrong signal to other defaulters

Using the powerful weapon of wilful defaulter tag against Mallya can and should send a strong signal to other defaulters. As of now, the emerging signals from the state-run banks are that of laxity and fear. Clearly something is amiss. #Kingfisher Airlines #SBI #Vijay Mallya #United Spirits #UBI #wilful defaulter
Kingfisher redux? Sahara employee commits suicide after not getting pay for 4 months

Mar 25, 2015

Kingfisher redux? Sahara employee commits suicide after not getting pay for 4 months

Saharas long-drawn dispute with regulator Sebi over investor repayments has begun to take its toll on the groups employees as a deputy manager with Sahara India Co-operative Society who did not get his salary for four months committed suicide by jumping from the eighth floor of his office building on Tuesday. #Sahara Group #Kingfisher Airlines #Tihar jail #Subrata Roy
No immediate plan to divest stake in Air India: minister

Mar 05, 2015

No immediate plan to divest stake in Air India: minister

The carrier is surviving on bailout package under a revival plan, which entails an equity infusion of Rs 30,000 crore in a staggered manner in it till 2021-22. #Disinvestment #UPA #air india #finance ministry #Kingfisher Airlines #TheySaidIt #Arun Jaitley #SpiceJet #GoAir #IndiGo #Ministry of Civil Aviation #Mahesh Sharma
After a year, Kingfisher Airlines board accepts CEO Sanjay Aggarwal's resignation

Feb 19, 2015

After a year, Kingfisher Airlines board accepts CEO Sanjay Aggarwal's resignation

Kingfisher Airlines on Thursday said its board has accepted the resignation of Sanjay Aggarwal, who had put in his papers as chief executive officer nearly a year ago. #Business #India #NewsTracker #Aviation #Kingfisher Airlines #BSE #Magunta Srinivasulu Reddy