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HYDERABAD,
Thursday, May 16, 2013
Deccan Chronicle Holdings Limited (DCHL) suffered another jolt on Wednesday when Kotak Mahindra Bank took possession of the premises of its printing press located at Kondapur on the outskirts of H...
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Hyderabad
HYDERABAD,
Thursday, April 18, 2013
‘Order cannot be passed without hearing all creditors’
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New Delhi,
Thursday, April 11, 2013
A day after Kingfisher Airlines submitted a new revival plan to the Director General of Civil Aviation (DGCA), the Airports Authority of India (AAI) said it would not allow Kingfisher to operate t...
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LONDON,
April 5, 2013
British Parliamentary Commission on Banking Standards accused former chairman Dennis Stevenson and past chief executives James Crosby and Andy Hornby of failures in judgment and an "incompetent and reckless board strategy" that led the bank to the brink of collapse.
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NEW YORK,
March 28, 2013
American Airlines won bankruptcy court approval to combine with U.S. Airways and form the world’s biggest airline.“The merger is an excellent result. I don’t think anybody disputes that,” J...
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New Delhi,
March 21, 2013
The government on Thursday said Kingfisher Airlines has not yet given a revival plan to restart operations, even as employees are aggrieved over non-payment of salaries.
“All they have to...
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MUMBAI,
February 18, 2013
In an attempt to bail out ailing Kingfisher Airlines and reduce the exposure of its lenders, its parent United Breweries Holdings Ltd. has sought shareholders’ approval through postal ballot to pr...
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MUMBAI,
February 15, 2013
The UB group, which owns Kingfisher Airlines, has started discussions with banks to possibly avert the impending liquidation of mortgaged assets or minimise the impact of lenders’ move to recall l...
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MUMBAI,
February 12, 2013
The consortium of lenders led by State Bank of India (SBI) has taken an in principle decision to recall the loan given to troubled Kingfisher Airlines, thus putting a possible end to the Kingfishe...
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New Delhi,
February 7, 2013
Mr. Mallya also visited the Prime Minister’s Office at South Block but it could not be ascertained who he met inside, though there were unconfirmed reports of him having met Pulok Chatterjee, the Principal Secretary to the Prime Minister.
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Mumbai,
February 5, 2013
Kingfisher Airlines reported a net loss of Rs.755 crore for the third quarter ended December 31, 2012, as compared to a net loss of Rs.444 crore in the corresponding period of the previous year. T...
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Kolkata,
January 31, 2013
The Calcutta High Court, on Thursday, ordered the winding up of Dunlop India Ltd. (DIL) asking the official liquidator to takeover the possession of the company’s assets and its books of records....
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New Delhi,
January 22, 2013
With banks putting pressure on the beleaguered Kingfisher airlines to pump in huge funds to revive the carrier, the government on Tuesday said Kingfisher would not be allowed to take wings till it...
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MUMBAI,
April 3, 2013
In a setback to Vijay Mallya, The Bombay High Court, on Tuesday, refused to grant any interim relief to United Breweries Holdings (UBH), which had filed a petition to prevent Kingfisher Airlines’...
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New Delhi,
March 22, 2013
Kingfisher Airlines promoter Vijay Mallya has assured his employees that they would be paid their salary dues of eight months soon but did not give a time-line, airline staffers said on Friday.
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New Delhi,
February 25, 2013
The international routes will now be offered to other carriers
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MUMBAI,
February 15, 2013
Air India may have delivered significant improvement in its operational and financial performance in the past few quarters, but the existence of several structural issues, unless addressed, would...
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MUMBAI,
February 14, 2013
United Breweries Ltd. (UB), the beer maker, has clarified that the “Kingfisher” brand has not been pledged with banks towards collateral. Rather, the “Kingfisher Airlines” brand, valued at Rs.4,10...
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NEW DELHI,
February 9, 2013
The national carrier preparing to seek compensation from Boeing
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Mumbai,
February 5, 2013
The power supply to the Mumbai head office of Kingfisher Airlines was snapped this morning for non-payment of bills, sources said.
The Qube, in suburban Andheri near the international air...
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NEW DELHI,
January 31, 2013
The Uttar Pradesh factor apparently clinched the issue at the Union Cabinet meeting on Thursday in extending a Rs.202 crore package to revive the sick Scooters India Limited(SIL) located in Luckno...
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Mumbai,
January 28, 2013
Spelling fresh trouble for beleaguered Kingfisher Airlines, the Airports Authority of India (AAI) has said it will not go by the “empty promises” of the airline management and would insist on clea...
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Bhubaneswar,
January 22, 2013
Kingfisher Airlines should infuse at least Rs 2,000 crore to restart its operations, said one of its lender State Bank of India (SBI)’s Chairman Pratip Chaudhuri.SBI is the lead banker in t...
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