Auction of brands and trademarks of Kingfisher Airlines turned out to be a damp squib today as lenders failed to attract a single bidder for sale of these pledged assets at a reserve price of Rs 366.70 crore in their efforts to recover unpaid loans from ... Deccan Herald, 2 months ago
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Questioning the "business model" of long-grounded Kingfisher Airlines for Vijay Mallyas mounting woes, Finance Minister Arun Jaitley has said the airline sector as such is doing well in India with many carriers making good profits. Mallya, the owner of ...Deccan Herald, 2 months ago SC orders Mallya to disclose assets The Financial Chronicle, 2 months ago Supreme Court orders Mallya to disclose assets Asian Age, 2 months ago
Call it the banking conundrum. On one hand, the Reserve Bank of India (RBI) is opening the sector by inviting more new banks —10 small finance banks, nine payment and two universal banks, to be precise. In addition, it is exploring the possibility of ...The Financial Chronicle, 2 weeks ago
Vijay Sankeshwar is a believer in dreaming big but also likes to do things differently. Vijay Sankeshwar, 66, chairman and managing director and promoter of VRL Logistics, has always bet against odds: He is planning to enter aviation again after his plans for the sector failed to take off a decade ago - in 2006. Every time he started a new venture, the stocky business owner has always defied naysayers. The truck business Sankeshwar started four decades ago against the wishes of his ...Rediff.com, 1 month ago
* Bankruptcy code likely to get parliament nod soon -officials * Experts say may take years to implement law * 70,000 liquidation cases stuck in courts, tribunals * Banks' bad and troubled loans estimated at over $100 bln By Manoj Kumar NEW DELHI, May 2 ...Sify, 1 month ago
'What about Air India, which has exceeded a liability of Rs 40,000 crores to 50,000 crores? Who is responsible for that?' IMAGE: A Kingfisher Airlines employee at Mumbai's domestic airport, February 20, 2012. Photograph: Vivek Prakash/Reuters Vijay Mallya's woes have firmly trained the spotlight on public sector banks and long terms loans. As experts weigh in, Shobha Warrier/Rediff.com spoke to senior banker P R Kalyanaraman. After retiring as general manager, Bank of India, ...Rediff.com, 2 months ago
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