Kfa

KFA, which has been stripped of its flying licence did not have any income during the quarter owes an estimated Rs 13000 crore to banks, staff, airports and oil companies.

UB group's loan repayment hinges on K'tka HC judgment

CNBC-TV18's Vineetha Athrey spoke to several sources and presents a round-up of all the legal action regarding the UB group's repayment of loans and the decision of the Karnataka High Court.

Have recovered Rs 1000 cr from Kingfisher Airlines: SBI

Banks have finally started recovering dues from the beleaguered Kingfisher Airlines (KFA) and have as of now recovered around Rs 1000 crore. A consortium of 17 banks led by State Bank of India have lent around Rs 7000 crore to the carrier

FM assures to redress KFA staff salary issues: Sources

According to exclusive CNBC-TV18 sources, KFA employees on Wednesday submitted a list of grievances to finance minister P Chadambaram who has assured action on issues that are impacting them.

Creditors ask KFA to shut shop or pay up Rs 300cr

Kingfisher Airlines' promoter Vijay Mallya's woes seem to see no end in sight. As United Spirit's much-awaited deal with Diageo is nearing fruition, one of the final hurdles on the way is the winding up petition that eight creditors including BNP Paribas, Rolls Royce and Wells Fargo Bank have filed against UB Holdings in the Karnataka High Court.

Kingfisher Air hits record low on bleak revival chances

Kingfisher Airlines shares fell around 5 percent to a record low of Rs.6.9 and headed for a third consecutive losing session on fears regulators may not allow the carrier to restart operations.

Dow, S&P @ new highs: Will Nifty rally significantly today?

Wall Street rallied to session highs with the Dow and S&P 500 surging to new record levels. European markets also reported 1-2 percent gains on Wednesday.

Kingfisher fails to provide clear revival plan: Lenders

Kingfisher Airlines has submitted a revival plan to the Directorate General of Civil Aviation (DGCA) today, although the plan has no clarity on funding source and timeframe for re-starting operations, say sources.

USL to open offer amid concerns; KFA CEO to meet DGCA

CNBC-TV18's Nigel D‘Souza and Kritika Saxena report that USL will launch the open offer amid concerns. Sources add a revival plan is in the offing in the KFA CEO's meeting with the DGCA tomorrow

Stocks in news: Wipro, Mah Holidays, KFA, Moser Baer

K'taka Labour Commissioner pulls up KFA over salary delay

Kingfisher Airlines employees staged protests at Indian cricketer Virat Kohli's residence in Delhi. Virat Kohli is the captain of UB Holdings promoter, Vijay Mallya-owned IPL team, Royal Challengers Bangalore.

Cautious view on Indian carriers by leasing cos: CAPA

The court battle among airport operators, tax authorities and Kingfisher Airlines' lessors over repossession of its planes may have a negative impact on other Indian carriers leasing aircraft from global leasing companies, a leading aviation consultancy firm has said.

Mallya to give Kingfisher Airline's revival plan next week

Kingfisher Airlines‘ chairman Vijay Mallya has committed to pay pending salaries to employees soon. In a meeting held last night, he told engineers and pilots that he has already informed the finance ministry about it, say exclusive sources.

Kingfisher Airlines yet to submit revival plan: Ajit Singh

Vijay Mallya, chairman KFA had earlier this year said that he is keen to resume operations with seven planes by March and later extend it to 21 and then over 50 aircraft will be put on the network. But he is unable to raise equity due to resistance from investors.

'Cobra bite' buying opportunity; buy all top 3: Tulsian

After the expose in respect to Axis Bank, HDFC Bank and ICICI Bank, SP Tulsian of sptulsian.com takes this as a buying opportunity for all three stocks. He told CNBC-TV18 that although the Bank Nifty has been spoiled because of the bad performance, but all the PSU bank stocks have been ruling reasonably well.

Kingfisher agrees to pay 6-month salary; stock up 5%

Shares of Kingfisher Airlines (KFA) were locked at 5 upper circuit on Friday after the company agreed to pay six months salary to its employees.

SBI may issue loan recall notice to Kingfisher soon

State Bank of India (SBI), the largest lender to Kingfisher's said that a loan recall notice is likely to be issued to Kingfisher Airlines in a month.

IndiGo, SpiceJet to compete for Kingfisher's flying slots

Problems at Kingfisher Airlines (KFA) seem to be compounding each passing day. This time around, the ailing carrier‘s plans to resume operations may not be easy, as most of its flying slots on domestic and international network will be given away to other players.