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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
SpiceJet almost regular with payments: BOC Aviation

Jan 09, 2015

SpiceJet almost regular with payments: BOC Aviation

The cash-strapped budget carrier had presented a revival plan to the civil aviation ministry late last month, but it was told to submit a revised comprehensive plan with more details. #Business #NewsTracker #Aviation #SpiceJet #Kalanithi Maran #Kingfisher #BOC Aviation #Robert Martin
Consortium of 17 banks files contempt application in HC against Mallya, Kingfisher Airlines

Jan 07, 2015

Consortium of 17 banks files contempt application in HC against Mallya, Kingfisher Airlines

Taking cognisance of the complaint, Justice Patil ordered notice to Mallya and two other companies in contention and posted the matter for another day. #NewsTracker #Kingfisher Airlines #Vijay Mallya #United Breweries #Debt Recovery Tribunal
Noose tightens: RBI gets a helping hand from Sebi in pinning down wilful defaulters

Jan 06, 2015

Noose tightens: RBI gets a helping hand from Sebi in pinning down wilful defaulters

The new Sebi rules tell the guilty promoter not to dream of fresh money from the capital market risking new investors. #RBI #SEBI #Kingfisher Airlines #Vijay Mallya #Calcutta High Court #public sector banks #NPAs #bad loans #wilful defaulter
Domestic air travel surge: More travelers taking to the skies

Jan 03, 2015

Domestic air travel surge: More travelers taking to the skies

The Indian airline industry may be in the red with SpiceJet's current downward trajectory and Kingfisher shutting shop, but domestic demand in air travel is on the rise. #Jet Airways #NewsTracker #SpiceJet #airlines #Kingfisher #RISE #air travel #Domestic
Vijay Mallyas relief on wilful defaulter tag may not last beyond a fortnight

Dec 29, 2014

Vijay Mallyas relief on wilful defaulter tag may not last beyond a fortnight

Once clarity emerges, other banks too will tag Kingfisher and Vijay Mallya wilful defualters #Kingfisher Airlines #State Bank of India #Vijay Mallya #United Bank of India #wilful defaulter