New Delhi: Budget carrier SpiceJet is planning to launch a door-to-door cargo delivery service as it seeks to explore other revenue streams amid a turnaround plan.The Gurgaon-based airline is in the process of setting up
New Delhi: Kingfisher Airlines had allegedly diverted a substantial chunk of Rs 4,000 crore in loans secured from public sector banks to tax havens which has now come under the scanner of the CBI that
Mumbai: State-owned United Bank of India has become the first of the 17 lenders to publicly admit that it no longer expects to recover its dues from the beleaguered Kingfisher Airlines.Interestingly, the Kolkata-based lender was
Mumbai: Clamping down on Vijay Mallya-led UB Group to recover loans, a 17-bank consortium led by state-run SBI today took over possession of the prized Kingfisher House, estimated to be worth Rs 100 crore.The banks
New Delhi: The doors are finally going to be shut on the defunct Kingfisher Airlines as the two-year term to renew its Air Operator Permit expires on December 31 midnight.The Vijay Mallya promoted full service
New Delhi: Kolkata-based UCO Bank today said it has “identified” Vijay Mallya-owned Kingfisher Airlines (KFA) as a “wilful defaulter” and will be sending a notice to the defunct carrier.“We have identified KFA as a wilful
Mumbai: Days after United Bank of India declared Kingfisher Airlines, promoter Vijay Mallya and three other directors wilful defaulters, country's largest bank SBI today said it has also sent a notice to tag them as
Kolkata: State-owned United Bank of India (UBI) has filed a caveat in the Supreme Court against Kingfisher Airlines (KFA) shortly after the judgement of the Calcutta High Court division bench was delivered on Thursday. “We filed
New Delhi: Kingfisher Airlines Ltd has been asked by a consumer court here to pay over Rs 45,000 to a family for failing to refund their cancelled tickets even after seven years. New Delhi District Consumer
New Delhi: State-owned IDBI Bank today said it is not being probed by the CBI over the Rs 950-crore loan extended to now defunct Kingfisher Airlines but investigation was being carried out against the borrower. “The
Bangalore: Kingfisher Airlines Chairman Vijay Mallya today appeared before the Special Court for Economic Offences and was granted bail in criminal cases relating to TDS (tax deducted at source) dues from the airline claimed by
Kolkata: City-based United Bank of India (UBI) has filed a winding up petition against Vijay Mallya-promoted Kingfisher Airlines for failing to retire loans amounting to Rs 336 crores, an official of the bank said. “We
Mumbai: Employees' union of the grounded Kingfisher Airlines, which has not paid its workers for the past 18 months, has appealed cricketer Yuvraj Singh not to play for Royal Challengers Bangalore (RCB) in the forthcoming
Bangalore: The Income Tax department has attached all assets of cash-strapped Kingfisher Airlines for failing to remit taxes amounting to Rs 350 crore, a senior official said on Sunday. "We have attached all assets of
New Delhi: Kingfisher Finvest India, the promoter of crisis-hit Kingfisher Airlines, has sold 4 crore shares of the carrier to UB International Trading for Rs 23 crore.The transaction between Vijay Mallya-owned companies was done through
Mumbai: Public sector lender IDBI Bank is hopeful of recovering up to 80 per cent of its Rs 800 crore exposure to Kingfisher, even as the revival of the grounded airline remains uncertain.“We are quite
New Delhi: Crisis-hit Kingfisher Airlines (KFA) is in talks with a foreign investor for potential stake sale, its Chairman Vijay Mallya said here on Tuesday.He, however, refused to divulge the investor's name.“I expect this to
New Delhi: Grounded carrier Kingfisher Airlines Ltd has suffered yet another major quarterly loss.Kingfisher Airlines, which is lying idle since last October, reported a loss of Rs. 1,157 crore for the three months to end-June,
Bangalore, Apr 4 : Upset over non payment of their salaries and allowances for over 10 months, employees of the beleaguered cash strapped Kingfisher Airlines on Thursday tried to embarrass their chairman and liquor baron
Mumbai, Nov 30: Having failed to receive their May salary as assured by the Kingfisher Airlines' management, the airline pilots have now threatened to approach the Director General of civil Aviation, or DGCA, if they
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