Feb 17, 2014 at 15:12 | Source: PTI
Shares of Kingfisher Airlines today fell by nearly 5 per cent amid media reports saying its chief executive officer Sanjay Aggarwal has resigned. Reacting to the buzz, shares of the grounded-carrier tanked 4.86 percent to Rs 2.74 -- its lower circuit limit on the BSE.
Feb 13, 2014 at 13:56 | Source: Moneycontrol.com
RCB continuing to operate in the IPL even as its parent group is saddled with thousands of crores of debt is bound to raise questions of where Mallya will get the money from for player salaries or whether it is morally upright for him to continue to own the franchise.
Feb 06, 2014 at 20:47 | Source: PTI
The Office of Fair Trading (OFT) had decided on November 25, 2013 to have a fresh look at the USD 2 billion deal, after Diageo offered to divest bulk of Whyte & Mackay (W&M) business to address anti-competition concerns posed by this merger.
Feb 03, 2014 at 12:01 | Source: Reuters
Kingfisher, controlled by flamboyant liquor baron Vijay Mallya, owes more than USD 1 billion to Indian state-run lenders, and hundreds of millions of dollars more to airports and the tax office among others.
Jan 31, 2014 at 13:00 | Source: Moneycontrol.com
UB Group stocks are in focus today. The supreme court will be hearing UB Group and Diageo's plea on stake sale. British liquor company Diageo has moved the Supreme Court against Karnataka High Court order terming its stake purchase in Vijay Mallya's United Spirits as null and void.
Jan 23, 2014 at 21:32 | Source: PTI
Promoters hold 30.14 percent stake in Kingfisher, as per the company's December quarter shareholding pattern. Burdened under huge losses and large debts, the airline stopped flying in October 2012 and its flying licence also lapsed about two months later.
Jan 20, 2014 at 14:58 | Source: PTI
From India, industrialist Kumar Mangalam Birla will not be attending the meet, despite his initial confirmation. Besides, his compatriots Chanda kochhar and Anand Mahindra had already decided to skip this year's WEF annual extravaganza despite being regulars here for the many past years.
Jan 09, 2014 at 19:59 | Source: PTI
The board at its meeting today considered a potential sale of Whyte & Mackay Ltd. "The board proposes to initiate a process, based on the outline timetable provided under UK law in connection with the decision of the Office of Fair Trading, to explore a potential sale of W&M," United Spirits Ltd (USL) said in a filing to the BSE.
Jan 07, 2014 at 10:56 | Source: CNBC-TV18
Zuari Fertilizers, which is keen to sell its 16.4 percent stake in UB group firm Mangalore Chemicals and Fertilizers, has been waiting to hear from Vijay Mallya. Sources say rival Deepak Fertilizer, which also holds a significant stake in MCF, may bid for Zuari's stake.
Jan 02, 2014 at 19:49 | Source: PTI
The agitating employees also sought disqualification of corporate leaders from the membership of Parliament on charges of default.