Defaults

UB group auditors raise concern over exposure to Kingfisher, tax dues

Auditors of UB group's holding firm, UBHL, have raised concerns over its significant exposure to debt-ridden Kingfisher Airlines, as also on delays and defaults related to tax dues and repayments to lenders.

Regulator says NSEL has no credibility, suggest govt should take over FTIL

Stating that crisis-hit NSEL is "bereft of any credibility", regulator FMC today said it has recommended the government to consider merger of the spot commodity exchange with its promoter FTIL.<br />