Amid legal agencies investigating bank officials on loan sanctions; bankers fear taking hair-cuts on bad loans and demand more teeth to resolution mechanisms.
After the arrest of IDBI official in relation to the Kingfisher Airline case, bankers are likely to put on hold all loan resolutions till bankruptcy courts and certain schemes are put in place, sources told CNBC-TV18.
The 11th Special Magistrate at Erramanjil Courts complex yesterday issued the NBWs against the grounded Kingfisher Airline Chairman and another senior official of the company after they did not appear before the court.
Congress on Monday asked the government whether it will seek Mallya's deportation from the UK or would put his case in "cold storage" by going in for his extradition as, it claimed, was done in the matter related to Lalit Modi.
CNBC-TV18‘s Kritika Saxena, quoting sources, says that six key directors of the Airline will be called in for questioning including the then Chief Finance Officer (CFO), A Raghunath.
In CNBC-TV18's popular show Bull's Eye, Aashish Tater, Fortunewizard.com shares his trading strategies for the day.
German aircraft leasing firm DVB Aviation Finance Asia PTE Ltd today won a legal battle against grounded Kingfisher Airlines with the Delhi High Court asking aviation regulator DGCA to deregister two leased-out planes lying at Istanbul in Turkey.
Embattled Force India team boss Vijay Mallya made his Indian Grand Prix entrance in combative mood on Saturday, lashing local media for their coverage of his business troubles and grounded Kingfisher airline.
With stalemate over salary disbursement of employees continuing, the Kingfisher Airline management may have to extend its lockdown until Oct 7.
Kingfisher Airline's ATR operation from Delhi was crippled following a section of its engineers going on strike since last night demanding payment of salary.
The country's civil aviation regulator DGCA today met with senior officials of domestic carriers and discussed safety and other issues.
SP Tulsian, sptulsian.com shares his view on United Breweries and Kingfisher Airline.
Airport Authority of India has refused to allow the lessors to take back about half a dozen aircraft rented out to Kingfisher Airline, sources said.
Mastek has short term target of Rs 136, says Salil Sharma, Technical Analyst, Kapur Sharma & Co.
Sudarshan Sukhani, s2analytics.com advice traders to go long on Crompton Greaves.
Civil aviation minister Ajit Singh told CNBC-TV18 that he was waiting for the DGCA to submit their report on the troubled Kingfisher Airline. Singh added that the government would not defend any private airline in court.
SpiceJet in a board meeting today has allotted 429 lakh equity shares to Kalanithi Maran. This will increase his stake in SpiceJet by 5% to 48.59%.
Buy Kingfisher Airline around Rs 21-22, says SP Tulsian, sptulsian.com.
Kingfisher Airline biggest beneficiary in terms of FDI, says Sudip Bandyopadhyay, MD & CEO, Destimoney Securities.
PN Vijay, Portfolio Manager, www.askpnvijay.com shares his view on Kingfisher Airline.
United Spirits may rally upto Rs 750 in next six months, says SP Tulsian, sptulsian.com.
A consortium of 13 banks have asked Kingfisher Airlines to come out with a report on financial viability and operational issues within 15 days, after which a final call on fresh funding will be taken.
Bankers to the cash-strapped Kingfisher airline today asked its promoters to infuse Rs 800 crore worth of fresh equity if they are to consider a second restructuring of existing debt, as opposition mounted to any bailout of the private carrier.
Kingfisher Airlines has slid 4% on the Bombay Stock Exchange at Rs 24.55 following an audit firm BK Ramadhyani & Co raising doubts over the company’s ability to stay in business for long in the annual general report of the company.
Moneycontrol.com initiative, Know Your Investment, helps investors to take a prudent call on their investments.