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KFA restructuring plan includes layoffs, suspension of centres

The restructuring exercise is aimed at trimming costs and is likely to be implemented from 1 April and Kingfisher Airlines is expected to operate 85 percent less aircraft this summer as compared to last year.

Will continue as chairman: Defiant Vijay Mallya says only shareholders can 'oust' him from USL

Apr 26, 2015    

Asked to quit United Spririts' board, Vijay Mallya struck a defiant note saying he 'intends' to continue as its Chairman and refuted the charges made by the company's board with regard to its prior-period accounts.Mallya, who has sold controlling stake in United Spirits Ltd (USL) to world's largest spirits maker Diageo, also said that only "shareholders can 'oust' a Director" and he would continue to function as USL Chairman "in the normal manner".Alleging fund diversion to Kingfisher and other UB group entities, United Spirits' board yesterday asked Mallya to quit the boar...

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