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Kingfisher

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Kingfisher Airlines caused Rs 290 cr loss to AAI, says CAG

Jul 30, 2015

Kingfisher Airlines caused Rs 290 cr loss to AAI, says CAG

Bogged down by mounting debt and operational issues, the Vijay Mallya-owned KFA was grounded in 2012 after aviation regulator DGCA cancelled its licence. #Business #CAG #Civil Aviation Ministry #Kingfisher Airlines #CompanyWatch #Vijay Mallya #AAI
Vijay Mallya fined over Forex used for advertising in 1995 Formula One

Jul 13, 2015

Vijay Mallya fined over Forex used for advertising in 1995 Formula One

The payments for promoting Mallya's Kingfisher brand were made without the required approval from the RBI #Motorsport #Vijay Mallya #Kingfisher #formula one 1995 #foreign exchange regulation act #vijay mallya forex case
UPA left the banking system toxic, and Jaitley's moving too slowly to fix it

Jun 23, 2015

UPA left the banking system toxic, and Jaitley's moving too slowly to fix it

The UPA's worst legacy was to leave behind a limping banking system that will be unable to finance growth. Jaitley is moving too slow to fix what's broken. #Economy #Pranab Mukherjee #P. Chidambaram #Kingfisher Airlines #InMyOpinion #Arun Jaitley #Vijay Mallya #PSU banks #bad loans #recapitalisation #Jan Dhan Yojana #Toxic Banks #TARP
Bankruptcy code: Jaitley should speed up, as Rajan is moving faster than him

Jun 09, 2015

Bankruptcy code: Jaitley should speed up, as Rajan is moving faster than him

The finance minister promised a bankruptcy code this year. Arun Jaitley should get this done quickly as the action against loan defaults and corporate failure is moving faster on the RBI side than on the legislative side. #Crony capitalism #RBI #Duvvuri Subbarao #ConnectTheDots #Kingfisher Airlines #Arun Jaitley #Vijay Mallya #Raghuram Rajan #Corporate Debt Restructuring #wilful defaulters #bankruptcy code #Sick Industrial Companies Act #Strategic Debt Restructuring
RBI debt recast norms: Banks will be left holding the bag if no buyers for firms turn up

Jun 09, 2015

RBI debt recast norms: Banks will be left holding the bag if no buyers for firms turn up

Equity conversion may not do much help in actual recovery of money unless banks manage to pull off a quick sale of the distressed assets #NPA #Kingfisher #Defaulters #RBI debt recast norms
Kingfisher default: It's not banks but tax-payers who should feel hopeless as Mallya has last laugh

May 26, 2015

Kingfisher default: It's not banks but tax-payers who should feel hopeless as Mallya has last laugh

More than being an individual case, banks' approach to Kingfisher and its disgraced King should set a strong example for other wily promoters #Kingfisher Airlines #SBI #Vijay Mallya #NPA #public sector banks #wilful defaulter #Unted Bank of India
Kingfisher loan status: BSE seeks clarification from United Bank

May 25, 2015

Kingfisher loan status: BSE seeks clarification from United Bank

The BSE has sought clarification from us with respect to news reports in this regard, the bank said in a regulatory filing. #Business #NewsTracker #SBI #BSE #Vijay Mallya #United Bank of India #corporate #Kingfisher House
HC directs Kingfisher Airlines to pay dues of Rs 52.61 lakh to pilot

Apr 28, 2015

HC directs Kingfisher Airlines to pay dues of Rs 52.61 lakh to pilot

Kingfisher Airlines Ltd has been directed by the Delhi High Court to pay Rs 52.61 lakh to a pilot towards her outstanding salary and other dues from August 2012 to April 2014. #Business #India #NewsTracker #Aviation #Kingfisher #Deccan Airlines