Jun 10, 2015 at 08:11 | Source: Reuters
Indian banks have welcomed new rules that could allow them to take majority stakes in troubled companies as a warning to wayward entrepreneurs, even if the provisions will not apply to the bulk of struggling loans from past years.
May 27, 2015 at 18:42 | Source: PTI
The company has received a notice from the Ministry of Corporate Affairs for an inspection... of the books of accounts and other books of the company, USL said in a filing to BSE.
May 25, 2015 at 22:00 | Source: PTI
State-run lender United Bank of India today informed the BSE that it does not expect to recover Rs 400 crore it had lent to the grounded Kingfisher Airlines in the short-run but hoped the recovery could be possible in the long-run.
May 19, 2015 at 11:59 | Source: CNBC-TV18
The IT department has sought Rs 400 crores in dues from Kingfisher and is also claiming the first rights of the sale of these properties.
May 03, 2015 at 15:52 | Source: PTI
Facing a multi-agency scrutiny, Diageo-owned United Spirits may have to restate its financial accounts, even as some investor groups have begun to question the UK-based parent's long silence on allegations against the erstwhile main promoters, Vijay Mallya-led UB Group.
May 02, 2015 at 10:41 | Source: PTI
While SEBI is already looking into the matter, sources said the Institute of Chartered Accountants of India (ICAI) has now written to the capital markets regulator seeking the details.
Apr 27, 2015 at 20:30 | Source: PTI
Mallya has been in the dock ever since his ambitious airline venture Kingfisher landed in financial troubles and got eventually grounded in October 2012.
Apr 27, 2015 at 07:58 | Source: CNBC-TV18
HDFC | Infosys | Wipro | United Spirits | NTPC | Mirc Electronics | Axis Bank | UltraTech Cement | Petronet LNG | Electrosteel Steels | Siemens | JSPL | Cholamandalam Investment | Pitti Laminations and Hinduja Ventures are stocks, which are in the news today.
Apr 26, 2015 at 11:07 | Source: PTI
The board of United Spirits Limited (USL), in which Diageo has bought a controlling 55 per cent stake for about USD 3 billion, asked Mallya to step down after "various improprieties and legal violations" were found in a probe into loans worth Rs 1,337 crore given by USL to UB Group firms.
Apr 20, 2015 at 18:11 | Source: CNBC-TV18
According to sources, adjudication orders have been passed against Jet Airways, Kingfisher Airlines, Sony and Otis Elevator Company. Also, Tata AIG and Kotak Mahindra Insurance are among the 20 high value cases that the department has taken up on priority.