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  Seeking additional turnover SpiceJet plans door-to-door cargo delivery service

  February 09, 2016 18:11 IST

  New Delhi: Budget carrier SpiceJet is planning to launch a door-to-door cargo delivery service as it seeks to explore other revenue streams amid a turnaround plan.The Gurgaon-based airline is in the process of setting up

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  Kingfisher Airlines allegedly diverted portion of Rs 4,000 crore in loans to tax havens

  October 12, 2015 0:02 IST

  New Delhi: Kingfisher Airlines had allegedly diverted a substantial chunk of Rs 4,000 crore in loans secured from public sector banks to tax havens which has now come under the scanner of the CBI that

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  United Bank says lost hope to recover money from Kingfisher

  May 25, 2015 14:51 IST

  Mumbai: State-owned United Bank of India has become the first of the 17 lenders to publicly admit that it no longer expects to recover its dues from the beleaguered Kingfisher Airlines.Interestingly, the Kolkata-based lender was

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  Loan recovery: SBI consortium takes over Kingfisher House

  February 25, 2015 8:45 IST

  Mumbai: Clamping down on Vijay Mallya-led UB Group to recover loans, a 17-bank consortium led by state-run SBI today took over possession of the prized Kingfisher House, estimated to be worth Rs 100 crore.The banks

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  Kingfisher Airlines 2-year term to renew its flying permit expires on Dec 31

  December 28, 2014 12:57 IST

  New Delhi: The doors are finally going to be shut on the defunct Kingfisher Airlines as the two-year term to renew its Air Operator Permit expires on December 31 midnight.The Vijay Mallya promoted full service

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  UCO Bank identifies Vijay Mallya-owned Kingfisher Airlines as 'wilful defaulter'

  December 27, 2014 12:47 IST

  New Delhi: Kolkata-based UCO Bank today said it has “identified” Vijay Mallya-owned Kingfisher Airlines (KFA) as a “wilful defaulter” and will be sending a notice to the defunct carrier.“We have identified KFA as a wilful

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  Mallya in further trouble, SBI sends wilful defaulter notice

  September 09, 2014 23:03 IST

  Mumbai: Days after United Bank of India declared Kingfisher Airlines, promoter Vijay Mallya and three other directors wilful defaulters, country's largest bank SBI today said it has also sent a notice to tag them as

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  United Bank of India files Caveat in Supreme Court against Kingfisher Airlines

  August 29, 2014 17:18 IST

  Kolkata: State-owned United Bank of India (UBI) has filed a caveat in the Supreme Court against Kingfisher Airlines (KFA) shortly after the judgement of the Calcutta High Court division bench was delivered on Thursday. “We filed

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  Kingfisher Airlines to pay over Rs 45K for deficient service

  August 22, 2014 17:18 IST

  New Delhi: Kingfisher Airlines Ltd has been asked by a consumer court here to pay over Rs 45,000 to a family for failing to refund their cancelled tickets even after seven years. New Delhi District Consumer

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  IDBI Bank says not being probed over Rs 950-cr loan to Kingfisher Airlines

  August 12, 2014 16:19 IST

  New Delhi: State-owned IDBI Bank today said it is not being probed by the CBI over the Rs 950-crore loan extended to now defunct Kingfisher Airlines but investigation was being carried out against the borrower. “The

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  Vijay Mallya appears in court in tax cases

  July 31, 2014 23:22 IST

  Bangalore: Kingfisher Airlines Chairman Vijay Mallya today appeared before the Special Court for Economic Offences and was granted bail in criminal cases relating to TDS (tax deducted at source) dues from the airline claimed by

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  UBI slaps winding up petition against Kingfisher Airlines

  May 29, 2014 18:09 IST

  Kolkata: City-based United Bank of India (UBI) has filed a winding up petition against Vijay Mallya-promoted Kingfisher Airlines for failing to retire loans amounting to Rs 336 crores, an official of the bank said.  “We

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  KFA employees urge Yuvraj not to play for RCB in IPL

  February 15, 2014 20:44 IST

  Mumbai: Employees' union of the grounded Kingfisher Airlines, which has not paid its workers for the past 18 months, has appealed cricketer Yuvraj Singh not to play for Royal Challengers Bangalore (RCB) in the forthcoming

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  Kingfisher assets attached on tax default amounting to Rs 350 crore

  December 15, 2013 23:08 IST

  Bangalore: The Income Tax department has attached all assets of cash-strapped Kingfisher Airlines for failing to remit taxes amounting to Rs 350 crore, a senior official said on Sunday. "We have attached all assets of

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  Kingfisher Finvest sells 4 cr shares

  October 31, 2013 23:41 IST

  New Delhi: Kingfisher Finvest India, the promoter of crisis-hit Kingfisher Airlines, has sold 4 crore shares of the carrier to UB International Trading for Rs 23 crore.The transaction between Vijay Mallya-owned companies was done through

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  IDBI Bank hopeful of recovering 80% of Kingfisher dues

  October 02, 2013 19:02 IST

  Mumbai: Public sector lender IDBI Bank is hopeful of recovering up to 80 per cent of its Rs 800 crore exposure to Kingfisher, even as the revival of the grounded airline remains uncertain.“We are quite

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  Kingfisher in talks with foreign investor

  September 24, 2013 23:42 IST

  New Delhi: Crisis-hit Kingfisher Airlines (KFA) is in talks with a foreign investor for potential stake sale, its Chairman Vijay Mallya said here on Tuesday.He, however, refused to divulge the investor's name.“I expect this to

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  Grounded Kingfisher Airlines' net loss widens at Rs. 1,157 crore

  August 14, 2013 16:53 IST

  New Delhi: Grounded carrier Kingfisher Airlines Ltd has suffered yet another major quarterly loss.Kingfisher Airlines, which is lying idle since last October, reported a loss of Rs. 1,157 crore for the three months to end-June,

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  IPL6: Kingfisher Airlines staff stage silent protest outside Chinnaswamy stadium

  Cricket | April 04, 2013 23:32 IST

  Bangalore, Apr 4 : Upset over non payment of their salaries and allowances for over 10 months, employees of the beleaguered cash strapped Kingfisher Airlines on Thursday  tried to embarrass their chairman and liquor baron

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  Kingfisher Airlines' pilots threaten to approach regulator over unpaid salaries

  November 30, 2012 12:38 IST

  Mumbai, Nov 30: Having failed to receive their May salary as assured by the Kingfisher Airlines' management, the airline pilots have now threatened to approach the Director General of civil Aviation, or DGCA, if they