Vijay Mallya

Union Minister of Aviation Ajit Singh says, the biggest positives for the aviation sector is marked by two landmark pacts - Tata-Singapore Airlines and Jet-Etihad deals.

Kingfisher Management had addressed the employees before the AGM, and in their address they had hinted to them that while KFA is in talks with a foreign investor it may not be an already existing airline or a pe but could be a single investor.

Reeling under tremendous debt-burden, Mallya, through United Breweries and other group companies, agreed in November to sell stake in United Spirits, India's largest distiller, to Diageo.

Speaking to CNBC-TV18, Poddar, who holds over 16 percent in MCF, said that he consulted Mallya before buying the stake. Mallya, had then agreed with Poddar that he would enter into a joint venture with Zuari.

The Karnataka High Court (HC) on Tuesday gave a breather to Vijay Mallya after it kept its summons in abeyance till the audit report of the USL-Diageo deal is submitted.

The Karnataka High Court has pulled up UBHL for non-compliance of its earlier order.

CNBC-TV18's Kritika Saxena learns from sources that global beer major will hike stake only if lenders opt to liquidate.

In the past two months, Saroj Kumar Poddar has jumped into two corporate takeover battles. The chairman of Adventz group has been giving sleepless nights to industry veterans like Vijay Mallya, Shailesh Mehta and Om Kothari.

Global drinks firm Diageo said on Thursday it had acquired a 25 percent stake in United Spirits, considerably less than the London-listed firm had originally hoped for.

SP Tulsian of sptulsian.com advised exiting Kingfisher Airlines. United Breweries will definitely bounce back to the level of Rs 700 or so, he added.

Kingfisher has also seen key executives dessert the sinking ship over the past two weeks.

CNBC-TV18‘s Gopika Gopakumar reports that PSU banks have begun to use publicity to recover dues from big borrowers.

Diageo‘s open offer to acquire a further 26% stake in the Vijay Mallya-owned United Spirits has failed. CNBC-TV18‘s Kritika Saxena reports the break-up of that data and what it means for both the companies.

In a rare act of aggression, lenders to Kingfisher Airlines have invoked the personal guarantee offered by promoter Vijay Mallya.

Kingfisher Airlines is not just bleeding cash, it's bleeding aircraft as well. DVB, an international aviation lessor bank has petitioned for urgent release of its aircraft leased to the airline.

CNBC-TV18's Sunanda Jayaseelan reports that section of KFA employees remained irate as Mallya offered fresh hope on the payment of overdue salaries