Defaulter

Kingfisher crisis: Management lessons on how Mallya could have cut his losses

In the not-so-pleasant scenario that Kingfisher Airline's Vijay Mallya finds himself in now, the detractors and nay sayers are many. And justifiably so. Owing Rs 7,000 crore to 17 banks is not loose change. From being the most sought after CEO, with the chatterati and glitterati vying with one another for a photo opportunity or an invite to his famous yacht parties, Mallya is now the pariah that no one wants to be associated with.<br />

SpiceJet, Jet Airways run into audit red-flags over 'going concern' status

Typically, a company is known as a 'going concern' if it has sufficient resources to continue to operate indefinitely and to avoid any potential bankruptcy risks.<br />

Andhra loan waiver: Why Raghuram Rajan should win battle against populism

More than managing the complexity of a financial system, the biggest challenge of a central banker is to fight politically sponsored populist ideas being rolled out by incumbents time to time to appease their vote bank.

BMC attaches Munde, Ajit Pawar's flats for non-payment of tax

According to data provided by the Assessor and Collector department of the BMC, the total outstanding property tax dues from Shubhada society is Rs 11.94 crore while Sukhada society is yet to pay up Rs 4.42 crore, sums incurred from April 2006 to March 2014.