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The spectacular fall of Vijay Mallya and Captain Gopinath
Theirs are stories of entrepreneurial capitalism as they spotted opportunity way before anyone else did and strove to create wealth for themselves as well as others. #Business #ConnectTheDots #Kingfisher Airlines #Vijay Mallya #Air Deccan #Capt Gopinath
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Sensex opens in red on hawkish RBI; Bharti up 3% on stake sale
The Indian equity markets opened in the red ahead of key RBI policy review at 11 am. Sensex opened at 19697.87, down 0.19 percent and the Nifty opened at 5985.85, down 0.23 percent. #Bharti Airtel #Kingfisher Airlines #RIL #MarketOpen #RBI Policy review
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Banks ask Mallya to show the money; invoke personal guarantees
The banks have served the SARFAESI notice, which will lead to the initiation of process for seizing and selling the property of the airline to recover their dues. #Kingfisher Airlines #airlines #Vijay Mallya #UB Group
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KFA jet repossession: Airports say local courts higher than int'l law
The stance taken by Mumbai and Delhi airports could further complicate the leasing firms' attempts to recover jets supplied to Kingfisher, as other creditors also try to recoup some of the $2.5 billion of debt left when the airline, set up by liquor baron Vijay Mallya, halted flights in October. #Kingfisher Airlines #CompanyWatch #Vijay Mallya
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Kingfisher shares down 5%, hit record low on weak restart chances
Kingfisher Airlines shares fell as much as 4.8 percent to a record low of Rs 6.90 and headed for a third consecutive losing session on fears regulators may not allow the carrier to restart operations, two dealers said. #Kingfisher Airlines #StockWatch #Operations
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SBI group firm sells over 85 lakh shares worth Rs 7 cr in KFA
Lenders of Vijay Mallya-led group's Kingfisher Airlines have begun selling other group firm shares pledged with them to recover their loans amid huge accumulated losses and soaring debt levels of the airline that is grounded since October 2012 #Kingfisher Airlines #SBI #StockWatch
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What revival plan? Kingfisher fails to obtain NoCs from stakeholders
The DGCA had insisted that Kingfisher, before resuming operations, obtain no objection certificates (NOCs) from all the stakeholders and also clear all dues and salaries of its employees to ensure safe and smooth operations. #Kingfisher Airlines #Vijay Mallya #DGCA #Revival Plan
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Kingfisher CEO submits revival plan to DGCA to restart airline
Kingfisher submits plan to DGCA to restart airline; has sought renewal of flying license, funding to be provided by UB Group #ToWhatEffect #Kingfisher Airlines #DGCA #Bankers #Revival Plan
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Sensex opens in green; Wipro down 8% ahead of demerger record date
After yesterday's close in the red, the stock markets held up and opened in the green with marginal gains, mostly tracking global cues. Sensex opened at 18505.12, up 0.37 percent and the Nifty opened at 5576.30, down 0.60 percent. #Bharti Airtel #wipro #Kingfisher Airlines #MarketOpen
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Getting USL: United Breweries may hold the key for Diageo
Banks are desperately trying to recover as much as possible from the grounded Kingfisher Airlines, which has a Rs 7,500 crore loan outstanding with them. #stake sale #Diageo #Kingfisher Airline #United Spirits #United Breweries