The regulatory body for civil aviation in an audit reportedly said delayed salaries were a Type 2 risk but the airline has denied this.

Despite tighter corporate governance norms that Satyam scam triggered, India Inc continues to shock investors.

Mallya had earlier said that he \"did not borrow a single rupee. The borrower was Kingfisher Airlines\".

Mallya is set to appear before the Westminster Magistrates' Court as his extradition trial is listed for a judgment hand-down.

He has contested his extradition on the grounds that the case against him is \"politically motivated\" and the loans he has been accused of defrauding on were sought to keep his now-defunct airline afloat.

OPEC to consider views of PM Modi, other world leaders before cutting oil production, says Saudi ministerOil cartel OPEC will consider views of world leaders such as Prime Minister Narendra Modi, who represent the voice of major consuming nations, with seriousness before taking a decision on cutting output to support falling prices, Saudi oil minister Khalid Al Falih said . India is the world's third largest oil consuming nation, which is more than 80 per cent dependent on imports to meet its...

The Mumbai-based full-service airline has been suffering from the cash crunch for the past few months, resulting in constant delays in the salaries of its employees.

ICICI Bank CEO Chanda Kochhar to be on leave till probe is over, Sandeep Bakhshi named COOThe ICICI Bank's Board of Directors has said that Chanda Kochhar, MD and CEO of ICICI Bank, will be on leave till the ongoing independent enquiry against her is completed. In its meeting, the Board also appointed Sandeep Bakhshi as the Whole Time Director and Chief Operating Officer (COO) designate. He will report to the ICICI Bank CEO. In its regulatory filing, ICICI Bank has also establishe...

The victory for the banks, which claimed the businessman had wilfully defaulted on the loans accessed from them, will enable them to enforce the Indian judgment against Mallya's assets in England and Wales.

Stock prices can sometimes fall like a brick, but that does not mean you can bottom-fish. Here's how you can avoid a costly plunge.

Steps that government, regulators and banks need to take to make the banking system more competitive, efficient and less fraud-prone.

While it is the job of the investigating agencies to find out who engineered the billion-dollar scam, there is no denying the fact that there was a disintegrated system in place that allowed the official to execute the fraud and stay undetected for so long.

As per the legal claim, Kingfisher Airlines signed an agreement with aircraft leasing company BOC Aviation to lease out four aircrafts in 2014. The company delivered three of them but the fourth one couldn't be delivered due to an advance payment issue.

Former RBI governor Raghuram Rajan is not known to hold back his punches. And defaulting promoters are a pet target of his. He has said it many times before, and he's just said it again in Davos: Promoters of companies that go belly-up have to face strong consequences.

Vijay Mallya, who is undergoing an extradition trial in a UK court over Rs 9,000-crore fraud and money laundering charges, will face next year a parallel litigation brought by 13 Indian banks to freeze nearly $1.5 billion of his assets.

Armed with war chests, global distressed funds are eyeing troubled assets in India.