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Large promoters can impede loan recovery, says Rajan

Dec 11, 2015

Large promoters can impede loan recovery, says Rajan

Regarding change in the guidelines for calculation of base rate, Rajan said RBI had discussed with the banks and their views had been taken into account. #RBI #Kingfisher Airlines #TheySaidIt #Vijay Mallya #Raghuram Rajan #IDBI Bank #bad loans #UB Group #non performing assets #Economy
CBI questions Vijay Mallya in alleged loan default case

Dec 10, 2015

CBI questions Vijay Mallya in alleged loan default case

The CBI sources said an FIR into the alleged violations was registered recently as part of its wide probe into criminal aspects of loans declared to be non-performing assets by public sector banks. #NewsTracker #Aviation #CBI #Kingfisher Airlines #Vijay Mallya #IDBI Bank #UB Group #Business #Banking Securities Fraud Cell
Yes Bank offloads 79.81 lakh pledged shares of United Breweries worth Rs 778 cr

Nov 30, 2015

Yes Bank offloads 79.81 lakh pledged shares of United Breweries worth Rs 778 cr

The move comes after State Bank of India (SBI) declared Mallya, Kingfisher Airlines and its holding company United Breweries Holdings, as wilful defaulters #SBI #Yes Bank #Vijay Mallya #Heineken International #UB Group #United Breweries #wilful defaulter #McDowell Holdings #Kingfisher Beer
InterGlobe Aviation Rs 3,018 cr IPO over-subscribed 3.63 times

Oct 29, 2015

InterGlobe Aviation Rs 3,018 cr IPO over-subscribed 3.63 times

The IPO received bids for 10,94,61,435 shares against the total issue size of 3,01,22,088 shares, data available with the NSE till 1400 hours showed. #Aviation #CompanyWatch #IndiGo #Offer for sale #Barclays Bank PLC #Qualified Institutional Buyers #Interglobe Aviation #UBS Securities India #Business #Kotak Mahindra Capital Company Limited
Kingfisher Air woes: CBI to file more FIRs, more PSU banks to be probed for credit exposure

Oct 13, 2015

Kingfisher Air woes: CBI to file more FIRs, more PSU banks to be probed for credit exposure

Agency to bring into the ambit of probe the additional Rs 3,100 crore loans from 10 other nationalised banks #CBI #Kingfisher Airlines #Vijay Mallya #IDBI Bank #probe #UB Group #Exposure #FIRs #Loan default #investigations
Over 100 companies, including United Spirits, Kingfisher Airlines, penalised for flouting Sebi norms

Aug 23, 2015

Over 100 companies, including United Spirits, Kingfisher Airlines, penalised for flouting Sebi norms

More than 100 listed companies, including United Spirits Ltd and long-grounded Kingfisher Airlines, have been slapped penalties for violating the Listing Agreement provisions set forth by Sebi and exchanges. #NewsTracker #SEBI #Kingfisher Airlines #UB Group #United Spirits #Business
Sebi seeks fresh clarifications on IndiGo's Rs 2,500 cr IPO

Aug 03, 2015

Sebi seeks fresh clarifications on IndiGo's Rs 2,500 cr IPO

Sebi had earlier this month also sought clarification from InterGlobe Aviation, which runs the country's biggest airline by market share under IndiGo brand. #Morgan Stanley #SEBI #Citigroup #IPO #SpiceJet #GoAir #IndiGo #Barclays #Civil aviation #Interglobe Aviation #JPMorgan India #UBS Securities India #Kotak Mahindra Capital Company #Business
United Spirits allege irregularities by Mallya-led UB Group, begins move to recover Rs 1,337 cr

Jul 23, 2015

United Spirits allege irregularities by Mallya-led UB Group, begins move to recover Rs 1,337 cr

UK's Diageo group-controlled United Spirits on Thursday alleged irregularities and potential violations of law in diversion of funds by the firm's erstwhile promoter Vijay Mallya-led UB Group and said it is initiating process to recover dues totaling to Rs 1,337 crore. #NewsTracker #Vijay Mallya #UB Group #United Spirits #Diageo Group #Business