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Latest Articles in kingfisher airlines
Kingfisher House Auction Ends Without A Single Bid
Auction of Kingfisher House proved to be a flop show on Thursday with no bids coming in, presumably due to litigation fears and a high reserve price of Rs 150 crore -- dealing a blow to lenders' efforts to recover their loans
Read MoreSBI Starts Auction Of Mallya's Kingfisher House
The property, with a built-up area of over 17,000 sq ft in Vile Parle area in Mumbai, is being auctioned by SBICAPS Trustee, a subsidiary of SBI Caps through an e-auction
Read MoreHeineken Eyes Control Of Vijay Mallya's United Breweries
With Mallya distracted by debts from a collapsed airline venture, this could be a timely grab by Heineken in a market that is growing much faster than the global average
Read More5,275 Wilful Defaulters (+ Mallya) Owe Banks Rs 56,621 Crore
In 2002, the total amount owed by wilful defaulters was Rs 6,291 crore ($9.3 billion). It grew—as we said—nine-fold over the next 13 years to Rs 56,521 crore ($83.9 billion).
Read MoreJotting Plus: To Nail A Lie
Now that the King of Good Times has flown the coop, what happens to the nearly Rs 10,000 crore he owes to banks? You need to have a peculiar kind of disposition to think it will ever be recovered fully.
Read MoreVijay Mallya Says He Has Filed A 'Complaint' Over Controversial Interview
The controversy over Vijay Mallya's interview to a weekly newspaper got murkier with the beleaguered businessman saying he has filed a "complaint" with the Cyber police station in Mumbai, alleging it was "fabricated", a day after he denied having given it to that media outlet.
Read MoreWill Vijay Mallya Sell His Last Jewel?
The financial pressure that haunts the liquor baron in India of late may force him to dilute a part of his most valued stake in United Breweries as well
Read MoreFour Non-bailable Warrants Issued Against Mallya In GMR Cheque Case
GMR counsel G Ashok Reddy earlier said there are a total of 11 cases involving Rs 8 crore payment to GMR.
Read MoreMallya Says Time Not 'Right' To Return To India
The liquor baron, whose departure from the country has created a political storm for the government, says 'I will not speak to media so don't waste your efforts'
Read MoreSebi To Block 'Wilful Defaulters' From Markets, Company Boards
The market regulator said on Saturday it would ban "wilful defaulters" from standing on boards of listed companies or raising fresh funds by issuing securities to the public, as part of a crackdown on bad bank loans
Read MoreVijay Mallya A Reputational Risk For Sanofi, Bayer Crop In India?
The negative perception about Vijay Mallya as a financial offender following the wilful defaulter tag and the demand for his arrest by the lenders should be a matter of concern for Sanofi India and Bayer Cropsciences
Read MoreVijay Mallya Row | Sebi To Crack Whip On Wilful Defaulters
Sebi is also likely to tighten its takeover regulations by introducing ‘bright lines’ to define change in control in a merger and acquisition
Read MoreVijay Mallya Tweets, 'Did Not Flee, Am An International Businessman'
Beleaguered businessman Vijay Mallya, who is facing legal proceedings for alleged loan defaults by his group to the tune of over Rs 9,000 crore, on Friday said he is not an absconder and he will comply with the law of the land
Read MoreVijay Mallya Case: CBI Changed Nature Of Lookout Circular
In its October 2015 request to issue a lookout circular, CBI had said if Mallya tries to leave the country, he should be detained at the exit point. In November, the agency asked for a revised circular where it asked the Bureau of Immigration to inform it about his departure and travel plans
Read MorePressure On Kingfisher Baron Vijay Mallya Dials Up, Trademarks Seized
A group of Indian banks, seeking to recover more than $1 billion in loans from Kingfisher Airlines, has taken possession of nine trademarks related to the defunct carrier as the mystery over the whereabouts of its chief, Vijay Mallya, deepens.
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