Kingfisher employees to go on hunger strike from 6 Jan
They also sought disqualification of corporate leaders from the membership of Parliament on charges of such default. The post Kingfisher employees to go on hunger strike from 6 Jan appeared first on...
View ArticlePushed to the wall, KFA staff complain against Mallya for exploitation
In their complaint, the employees have alleged that they have not been paid for the last 17 months and have urged the Delhi Police to register an FIR of abetting to suicide against the liquor baron....
View ArticleGovt may scrap restrictions on airlines’ global ops, Tata-SIA could benefit
Existing rules require Indian carriers to be in operation for at least five years and have 20 aircraft to be eligible to fly international routes. Civil Aviation minister Ajit Singh told reporters that...
View ArticleBSE, NSE to shift Kingfisher, Moser-Baer to restricted trade group
The BSE would shift 117 securities to the trade-for-trade or 'T' group, while NSE would transfer 48 stocks to this segment, the two stock exchanges said in separate circulars. The post BSE, NSE to...
View ArticleKarnataka HC refuses to quash criminal cases against Vijay Mallya
The Karnataka High Court today refused to quash criminal cases filed against liquor baron Vijay Mallya by Income Tax Department for non-remittance of tax deducted at source by Kingfisher Airlines...
View ArticleDon’t play for RCB, unpaid Kingfisher Airlines employees tell Yuvraj
“We have not only exhausted all our savings but also we are under the burden of huge debts which we have taken from our relatives/banks by mortgaging our property/gold,” the letter reads. The post...
View ArticleKingfisher Airlines’ employees urge Yuvraj not to play for RCB in IPL
RCB, owned by airline chairman Vijay Mallya, had bought Yuvraj for a whopping Rs 14 crore during the first round of auction held in Bangalore last week. The post Kingfisher Airlines’ employees urge...
View ArticleKingfisher employees move Labour Commissioner over pending dues
The harried employees of defunct Kingfisher Airline (KFA) on Tuesday approached the office of Regional Labour Commissioner (RLC) in New Delhi, seeking its intervention over non-payment of salary dues....
View ArticleShort levy of Rs 12 cr stamp duty on Kingfisher-Deccan deal: CAG
The stamp duty payable under Section 5 would be the aggregate of the stamp duty payable for the two transactions. The post Short levy of Rs 12 cr stamp duty on Kingfisher-Deccan deal: CAG appeared...
View ArticleDGCA grants AirAsia permit to start India operations
AirAsia's low-cost Indian joint venture airline has won an operating permit, paving the way for the carrier to launch services and increasing competition in a market where most airlines are losing...
View ArticleFor pvt banks, Mallya not a wilful defaulter yet, making all efforts to...
KFA's exposure to Axis Bank, declared as bad loan long time back, is very small The post For pvt banks, Mallya not a wilful defaulter yet, making all efforts to recover NPAs appeared first on Firstpost.
View ArticleUCO Bank sends notice to Kingfisher Airlines, asks why it shouldn’t be...
The bank has given the airline time to reply on why it should not be declared a 'wilful defaulter'. The post UCO Bank sends notice to Kingfisher Airlines, asks why it shouldn’t be classified as wilful...
View ArticleKingfisher Airlines, UB Engineering face trading suspension from Dec 1
The exchanges will also suspend trading of UB Engineering Ltd, part of Mallya's UB Group, from Dec. 1, they said citing the company's failure to report financial results for two consecutive quarters to...
View ArticleGovt says no to Vijay Mallya’s reappointment as Kingfisher Airlines MD
Kingfisher, which had to be grounded in October 2012 due to severe financial crunch, had sought the corporate affairs ministry's approval for Mallya's re-appointment for a period of fiver-year...
View ArticleCrash and burn: Game over for Mallya as he loses top posts at Kingfisher, MCFL
In a double-whammy for flamboyant businessman Vijay Mallya, the government has annulled his re-appointment as Managing Director of Kingfisher Airlines while he also had to quit from board of another...
View ArticleNot a wilful defaulter, Kingfisher Airlines tells UCO Bank
About UCO Bank's future course of action in this regard, the source said that the bank would examine the arguments forwarded by the airline and would then send a reply. The post Not a wilful defaulter,...
View ArticleSpiceJet says it cancelled over 1,800 flights in December
The air carrier, which is part of Kalanithi Maran-led Sun Group, has cancelled a total of 1,861 flights, a few to Kathmandu in Nepal and all others connecting domestic cities, till 31 December,...
View ArticleSpiceJet gets temporary relief, AAI won’t seek immediate payment of Rs 200 cr...
The development took place after the no-frill airline's Chief Operating Officer Sanjiv Kapoor met Civil Aviation Minister Ashok Gajapathi Raju late evening, with official sources saying that the...
View ArticleGo, fend for yourself: SBI will not bail out SpiceJet; other banks wary too
In the recent years, banks have been risk-averse to lend to the aviation sector on account of its high-risk nature, especially after the Kingfisher loan default The post Go, fend for yourself: SBI will...
View ArticleVijay Mallya’s relief on wilful defaulter tag may not last beyond a fortnight
Once clarity emerges, other banks too will tag Kingfisher and Vijay Mallya wilful defualters The post Vijay Mallya’s relief on wilful defaulter tag may not last beyond a fortnight appeared first on...
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