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Total 418 results found. Search for [ Kingfisher crisis ]

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www.businesstoday.in
March 25, 2013
Finance Minister P. Chidambaram, not known to mince words, has warned corporate promoters against wilful defaults at a meeting with heads of state-run banks.


BT Online Bureau
New Delhi, March 21, 2013
Civil Aviation Minister Ajit Singh has said Vijay Mallya's Kingfisher Airlines has not yet given a revival plan to restart operations, even as employees are aggrieved over non-payment of salaries.


Mail Today Bureau
New Delhi, March 21, 2013
Frustrated over non-payment of salary for last 10 months, thousands of employees of beleaguered Kingfisher Airlines threatened to disrupt IPL cricket tournament matches of the Royal Challenger Bangalore (RCB), the team owned by the airline chairman Vijay Mallya.


PTI
New Delhi, March 20, 2013
Kingfisher Airlines employees, frustrated over not getting salary for last 10 months, have asked the government to prosecute promoter Vijay Mallya.


BT Online Bureau
New Delhi, March 18, 2013
State Bank of India (SBI) Chairman Pratip Chaudhuri has said the bank is taking all steps to recover the loan given to Vijay Mallya's grounded Kingfisher Airlines.


BT Online Bureau
New York, March 5, 2013
Liquor baron Vijay Mallya has been moved out of Forbes' global rich list of 1,226 billionaires, even as the number of Indians in this elite club has grown since last year.


BT Online Bureau
Tiruchirapalli, March 5, 2013
India's largest public sector bank State Bank of India (SBI) has identified some properties of cash-strapped Kingfisher Airlines for attachment.


PTI
New Delhi, February 25, 2013
The government withdrew all domestic and international flying slots of the grounded carrier with immediate effect and decided to allot them to other Indian airlines.


K.R. Balasubramanyam
March 6, 2013
Business Today's research shows Vijay Mallya and his family's net worth has almost doubled to more than Rs 8,000 crore in the past year, while the Kingfisher Airlines stock has plunged, wiping out almost two-thirds of investor wealth.


Bangalore
February 21, 2013
The Special Court for Economic Offences has issued summons to him on an Income-Tax Department criminal case for not remitting to government the tax deducted at source from salaries of its employees.


PTI
Mumbai, February 20, 2013
Kingfisher Airlines' shares surged as much as 5 per cent on the bourses to hit the upper circuit limit, after the cash-strapped carrier started paying salaries to some of its employees.


PTI
New Delhi, February 20, 2013
Troubles never seem to end for Kingfisher Airlines with state-run Airports Authority of India tightening the noose saying it wanted a \"firm commitment\" from the grounded carrier for clearance of over Rs 390 crore worth of dues before it is allowed to fly again.


PTI
Mumbai, February 19, 2013
A week after its lenders decided to recover their dues, cash-strapped Kingfisher Airlines has started paying salaries to its employees apart from approaching the aviation regulator seeking licence renewal.


BT Online Bureau
Mumbai, February 19, 2013
Shares of the company opened on a bullish note and then gained further ground and touched an intra-day high of Rs 10.53 on the BSE, higher by 5 per cent from its previous closing price reacting to the development.


www.businesstoday.in
February 13, 2013
Business Today's one-stop shop for recent news you may have missed -


PTI
Mumbai, February 13, 2013
Kingfisher Airlines' lenders have decided to start the process of recovering Rs 7,500 crore outstanding loans from the grounded carrier, saying the company has failed to come up with any specific revival plan.


PTI
Mumbai, February 5, 2013
For the quarter ended December 31, Kingfisher Airlines has reported a net loss of Rs 755.17 crore - a sharp increase of 70 per cent from Rs 444.26 crore in the year-ago quarter.


BT Online Bureau
Mumbai, February 5, 2013
With a debt of nearly Rs 8,000 crore and accumulated loss and liabilities of a similar amount, Vijay Mallya's ailing Kingfisher Airlines has reported a net loss of Rs 755.17 crore for the third quarter ended December 31.


Tanvi Varma/Money Today
February 7, 2013
Buying more shares when the market is falling is a good way to cover losses. Averaging works best when a company's fundamentals have not worsened but its stock is not doing well due to poor market sentiment or industry-specific conditions.


K.R. Balasubramanyam
February 6, 2013
Vijay Mallya is in talks with two West Asia airlines, hoping one of them will pick up a stake in Kingfisher. Its lenders see hope on the horizon. But, its not sure if this will really revive the beleaguered carrier as it has already lost several pilots, engineers and cabin crew to other players in the aviation industry.


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