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Kingfisher

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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
SBI taking over Kingfisher House shows public banks are finally taking on influential defaulters

Feb 25, 2015

SBI taking over Kingfisher House shows public banks are finally taking on influential defaulters

SBI claimed the property, spread over 17,000 square feet and which houses some of Kingfisher's key offices, after securing a favorable ruling from the Chief Metropolitan Court in Mumbai. #HowThisWorks #RBI #SBI #Bank of India #Canara Bank #Axis Bank #Raghuram Rajan #Kingfisher #public banks #bad loans #Public loan defaulters #Kingfisher Act
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
Exclusive: SBI set to take possession of Mallyas Kingfisher House in Mumbai

Feb 18, 2015

Exclusive: SBI set to take possession of Mallyas Kingfisher House in Mumbai

Even if SBI manages to take possession of the property and sell it, that will help the lender to recover only a fraction of the total repayment obligations #Kingfisher Airlines #SBI #Vijay Mallya #public sector banks #Kingfisher House #wilful defaulter #Bank NPAs
Not cash alone: Ajay Singh needs a lot more to do to revive SpiceJet

Jan 16, 2015

Not cash alone: Ajay Singh needs a lot more to do to revive SpiceJet

Merely pumping in money into cash strapped SpiceJet will not turn it around. The airline needs a complete overhaul. Singh needs monumental patience, a team of turnaround specialists #air india #Airline #Jet Airways #Investment #Marans #Tata Sons #SpiceJet #Tata #DGCA #Kingfisher #Singapore Airlines #Ministry of Civil Aviation #Turnaround #Ajay Singh #Sanjiv Kapoor #Vistara
Jet Airways may be slipping out of Naresh Goyal's grasp. Here's why

Jan 14, 2015

Jet Airways may be slipping out of Naresh Goyal's grasp. Here's why

A newspaper wrongly reported that Naresh Goyal had pledged his entire stake in jet to Punjab National Bank. But his ownership of the airline is anyway steadily slipping from his grasp. #Jet Airways #SpiceJet #Kingfisher #Naresh Goyal #Go Air #Etihad #Civil Aviation Crisis #Stake Guarantee to PNB
Watch out Vijay Mallya: SBI is readying to tag you wilful defaulter soon

Jan 12, 2015

Watch out Vijay Mallya: SBI is readying to tag you wilful defaulter soon

SBI is currently in the process of reconstituting the grievance committee authorised to classify an account as wilful defaulter #Kingfisher Airlines #SBI #Vijay Mallya #NPAs #United Bank of India #bad loans #wilful defaulter #gross non-performing assets
United Spirits gets minority shareholders nod for Diageo licensing deal

Jan 11, 2015

United Spirits gets minority shareholders nod for Diageo licensing deal

United Spirits Ltd (USL) today said its minority shareholders have approved a proposal to enter into licensing and cost sharing agreements with certain subsidiaries of its parent Diageo Plc, which was rejected earlier last year. #Vijay Mallya #Kingfisher #Diageo #United Spirits #USL