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Total 418 results found. Search for [ Kingfisher crisis ]

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Anand Adhikari
February 14, 2014
Gross non-performing assets (NPAs) of domestic banks jumped to 3.6 per cent at the end of March 2013 from 3.1 per cent of total lending a year earlier, according to RBI. Bad loans rose further to 4.2 per cent by the end of September 2013, latest data show.

New Delhi, January 8, 2014
A section of Kingfisher Airlines employees lodged a complaint with the Delhi Police against its owner Vijay Mallya accusing him of \"exploitation, false promises, fraud and breach of trust\".

Mail Today Bureau
New Delhi, December 30, 2013
Over 2,000 employees of the grounded Kingfisher Airlines (KFA) who have not been paid for past 18 months will seek help from Delhi Chief Minister Arvind Kejriwal to get back their dues.

K.R. Balasubramanyam
Bangalore, December 20, 2013
The court has taken a stern view of the fact that UBHL, until recently the holding company of the grounded Kingfisher Airlines, has reneged on the corporate guarantees it provided to creditors in favour of the airline.

Mumbai, November 9, 2013
Kingfisher Airlines, which is grounded for over a year, reported a massive Rs 716 crore net loss in the September quarter. The airline reiterated on that it is exploring various options to recapitalise and resume operations and talks are on with prospective investors.

Mumbai, October 31, 2013
Prior to the transaction, Kingfisher Finvest held 7.21 per cent stake in the cash-strapped carrier. It now holds 2.27 per cent.

New Delhi, September 30, 2013
Amid turbulent times in the aviation space, top executives of listed carriers have seen their salaries coming down, with low-cost SpiceJet's CEO taking the biggest cut.

Anand Adhikari with BT Team
September 30, 2013
A weak rupee and volatile capital markets offer little hope of a turnaround any time soon. The asset sales will release the funds as well as management bandwidth for corporate houses to focus on their main businesses.

Bangalore, September 16, 2013
The High Court directed the UB Group chairman to appear before it on Tuesday in connection with a bunch of winding up petitions filed by creditors who are trying to get back close to Rs 600 crore from his company.

Bangalore, September 13, 2013
Debt-ridden Kingfisher Airlines' beleaguered chairman Vijay Mallya is battling against aircraft lessors and financiers who moved the Karnataka High Court for winding up the company for defaulting on loans by his holding company - United Breweries Holdings Ltd.

Tanvi Varma/Money Today
August 17, 2013
Experts say, in the near term, investors are not likely to get anything out of the company going for debt recast. However, if they have a longer holding period of, say, three to five years, some companies can reward investors handsomely after restructuring.

BT Online Bureau
New Delhi, July 8, 2013
The number of shareholders at Kingfisher Airlines has zoomed to a record-high of about 2.4 lakh, even as the carrier has remained grounded for over nine months.

BT Online Bureau
Mumbai, June 7, 2013
The airline has been grounded since October 2012 and lost its licence in December 2012.

Mumbai, June 3, 2013
Troubles mounted for beleaguered Kingfisher Airlines with three more senior executives including its chief information officer, quitting even as a section of its pilots threatened to restart their agitation over non-payment of salaries for last 10 months.

New Delhi, April 26, 2013
Small individual investors and HNIs have continued their share buying spree in Kingfisher Airlines, despite the ailing carrier been grounded for nearly seven months after its licence was suspended.

BT Online Bureau
Mumbai, April 17, 2013
State Bank of India (SBI) Chairman Pratip Chadhuri has said banks will continue to sell pledged shares of Kingfisher Airlines and invoke all other securities till they get back the dues.

BT Online Bureau
Mumbai, April 17, 2013
SBICap Trustee Company, a State Bank of India group entity, has offloaded more than 85 lakh shares of cash-starved Kingfisher Airlines in a transaction worth nearly Rs 7 crore.

BT Online Bureau
Mumbai, April 3, 2013
Liquor baron Vijay Mallya got another setback on Tuesday when the Bombay High Court refused to restrain banks from selling shares of United Spirits Ltd (USL) pledged as security against loans to Kingfisher Airlines.

New Delhi, March 26, 2013
The Directorate General of Civil Aviation (DGCA) has deregistered 15 aircraft of Kingfisher Airlines to enable global leasing companies to take them back on grounds of default on their lease rentals.

BT Online Bureau
New Delhi, March 26, 2013
German Bank DVB representatives have sought de-registration of two planes of the grounded Kingfisher Airlines at a meeting with aviation regulator DGCA on Monday.

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