New Delhi: With the government planning to frame a law to prevent loan defaulters from fleeing the country, beleaguered liquor baron Vijay Mallya has likened himself to a “football” being kicked around by “two fiercely competitive teams” NDA and UPA. Hitting out at the ongoing investigations by CBI and efforts to extradite him from the […]
Mumbai : As the lenders and tax authorities cool their heels for Vijay Mallya to return to India, they will put under hammer next month assets worth over Rs 700 crore of the embattled businessman’s long-defunct Kingfisher Airlines. The items waiting for the right bidders are plenty — the erstwhile headquarters Kingfisher House near airport; […]
Bangalore : Fire broke out in a godown belonging to Kingfisher airlines on Friday, 12th April. The godown, situated near Bangalore International Airport in Devenahalli was gutted in the fire mishap. Materials worth crores of rupees and spare parts of planes were destroyed in the fire accsident. Fire brigades arrived at the spot and began […]
Mumbai: Around 3,000 employees of the near-bankrupt Kingfisher Airlines were left in the dark on Diwali after the management failed to pay their May salary, despite its commitment that their dues will be cleared by the festival. Kingfisher has so far only paid April salary post the calling off of the strike. This too was […]
Hyderabad: A city court on Friday issued a non-bailable warrant against business tycoon Vijay Mallya and five others in a cheque bounce case. The 13th Metropolitan Sessions Court issued the warrant against crisis-hit Kingfisher airlines in a case filed by GMR Hyderabad International Airport Ltd (GHIAL), which manages the Rajiv Gandhi International Airport. The case […]
New Delhi : Ailing Kingfisher Airlines got some reprieve on Thursday as bankers agreed to release funds from escrow accounts, which is likely to release up to Rs 60 crore for the carrier. Meanwhile, the KFA management’s meeting with employees stipulated again for today has been cancelled, sources. However the reason behind the cancellation of […]
Bangalore: At last there is some good news for the Kingfisher Airlines of liquor baron Vijay Mallya which was running in bad times. According to latest reports, the SREI Infrastructure Finance is learnt to have bought Kingfisher Airlines debt worth Rs 400 crore from ICICI Bank. Sunil Kanoria Vice Chairman of SREI is learnt to […]
Bangalore: The United Breweries(UB) city built on V. Mallya Road is being sold for lease, with the original ownership retained by baron Vijay Mallya, sources close to him told on Wednesday. There is a fixed period during which the leaseholder can enjoy possession of the newly built city behind the Vittal Mallya hospital in city. […]
Bangalore: After a humble visit to Kukke Subrahmanya Temple to conduct a special worship recently and make views to redecorate the doors of God’s seat in golden sheets, UB boss Vijay Mallya is drawn back from a precipitous fall in his fortunes, to play a second innings. His Kingfisher airlines, neck-deep in debts is ready […]
Subrahmanya: The richest temple in DK, if not Karnataka, with a standard ISO certificate in service rendered there, Kukke Subramanya temple had an unusual visitor, who is not known as a devotee like some politicians are and he was a playboy all his life but with a keen business mind, presently struggling to salvage his […]
