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Airlines fly into audit red-flags over 'going concern' claims

Last Updated: Sunday, November 10, 2013, 15:08

As airlines continue to find it tough to generate profits and raise funds, auditors of all three listed carriers -- Jet Airways, Spicejet and Kingfisher -- have raised red-flags on their 'going concern' status.

Kingfisher Airlines posts $114 mn loss in Q2

Last Updated: Friday, November 08, 2013, 21:51

Net loss was 7.16 billion rupees for its fiscal second quarter ended September 30, compared with a net loss of 7.54 billion rupees a year earlier, Kingfisher said in a filing to the stock exchanges on Friday.

NSE revises circuit limits of over 1,400 scrips

Last Updated: Thursday, November 07, 2013, 21:52

Leading stock exchange NSE has revised circuit limits for shares of 1,439 companies, including Kingfisher Airlines, Muthoot Finance, Wockhardt, Reliance MediaWorks, as part of its surveillance action.

FIR against Mallya, Kingfisher for non-payment of airport fees

Last Updated: Friday, October 25, 2013, 16:59

According to BIAL, Kingfisher Airlines owes them about Rs 208 crore.

BIAL files case against Kingfisher Airlines

Last Updated: Thursday, October 24, 2013, 23:59

Bengaluru International Airport Limited (BIAL) has filed case in a Magisterial Court against Vijay Mallya-led Kingfisher airlines for non-payment of user development and passenger service fees.

Two Kingfisher promoters release 5.64 crore pledged shares

Last Updated: Wednesday, October 16, 2013, 19:49

Grounded carrier Kingfisher Airlines on Wednesday said promoters United Breweries Holdings and Kingfisher Finvest India have released about 5.64 crore pledged shares.

Kingfisher Airlines stock extends rally, surges 5%

Last Updated: Friday, September 27, 2013, 12:03

Shares of Kingfisher surged 4.99 percent to Rs 6.52 -- its upper circuit limit on the BSE.

BSE lowers circuit limit for Kingfisher shares to 5%

Last Updated: Thursday, September 26, 2013, 21:13

The BSE Thursday lowered the circuit limit for shares of Kingfisher Airlines capping its maximum movement in a day at 5 percent after a recent rally in the stock.

Kingfisher Airlines shares surge 10%

Last Updated: Wednesday, September 25, 2013, 17:47

Rising for the second straight session, Kingfisher Airlines shares Wednesday gained nearly 10 percent to touch its highest trading permissible limit for the day, after its Chairman Vijay Mallya said the company is in talks with a foreign investor for potential stake sale.

Kingfisher Airlines in talks with an investor: Vijay Mallya

Last Updated: Tuesday, September 24, 2013, 15:10

Kingfisher Airlines has remained grounded for almost a year now under the burden of huge debts totalling over Rs 7,000 crore and accumulated losses of more than Rs 16,000 crore.

Kingfisher asks workers to defer hunger strike till Thursday

Last Updated: Monday, September 23, 2013, 20:16

The Karnataka High Court is slated to hear the winding up petition by six creditors to the airline on Wednesday.

Vijay Mallya earns reprieve from court appearance

Last Updated: Tuesday, September 17, 2013, 21:22

The court on Monday directed Mallya to personally appear with his passport today as the company had failed to adhere to the direction issued by it earlier.