Aug 03, 2015 at 17:52 | Source: PTI
Without disclosing the details of clarifications sought, the Securities and Exchange Board of India (Sebi) has said it's awaiting response from lead manager for the proposed public offer.
Jul 23, 2015 at 21:45 | Source: PTI
UK's Diageo group-controlled United Spirits alleged irregularities and potential violations of law in diversion of funds by the firm's erstwhile promoter Vijay Mallaya-led UB Group and said it is initiating process to recover dues totaling to Rs 1,337 crore.
Jul 23, 2015 at 19:02 | Source: PTI
The no-frills carrier, which was on the verge of closure in December last year, has seen a change in ownership with original promoter Ajay Singh back at the helm.
Jul 05, 2015 at 20:17 | Source: PTI
Coming down heavily on companies where auditors have flagged serious lapses, regulator Sebi and stock exchanges have asked at least 75 listed firms, including Kingfisher Airlines and its parent UB Holdings, to restate their financial accounts after addressing these issues.
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.