United Spirits' networth more than halves in 4 years

United Spirits' networth more than halves in 4 years

The company said its accumulated losses as on March 31, 2015 at Rs 5,045.45 crore is greater than 50 percent of the peak net worth in the immediately preceding four financial years at Rs 5,849.62 crore.


JSW Group in advanced talks to acquire IPL franchise Royal Challengers Bangalore

JSW Group in advanced talks to acquire IPL franchise Royal Challengers Bangalore

Steel-to-power conglomerate JSW Group is in advanced talks with global drinks giant Diageo Plc to acquire the Indian Premier League (IPL) franchise Royal Challengers Bangalore for an amount that can go upto Rs 300 crore.

Five airlines' owe over Rs 664 cr to AAI

Five private carriers, including the grounded Kingfisher, had to pay dues worth over Rs 664 crore to the Airports Authority of India (AAI) at the end of December 2014, the government said Tuesday.

Loan recovery: SBI consortium takes over Kingfisher House

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

Of Rs 7,000 crore lent to Kingfisher, banks can now recover just Rs 6 crore: DNA report

India's public sector banks are still struggling to recover even a fraction of their Rs 7000-crore loans from Mallya's grounded Kingfisher Airlines.

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Vijay Mallya fails to repay Kingfisher loans, but buys players for IPL

India's public sector banks are struggling to recover even a fraction of their Rs 7000-crore loans from Vijay Mallya's grounded Kingfisher Airlines.
However, Mallaya, the owner of Royal Challengers Bangalore, has bought players in the IPL 2015 auction.

Delhi HC reserves judgement on Kingfisher, Vijay Mallya wilful defaulter case

Kingfisher had moved the court seeking directions to the bank to rescind its August 21 notice and those issued earlier as well as to restrain it from taking any action against the airlines in pursuance of the same.

DGCA acts tough against troubled SpiceJet, withdraws 186 flight slots

Concerned over the deteriorating condition of SpiceJet and large-scale flight cancellations, aviation regulator DGCA Friday withdrew 186 of its slots and asked it to clear salary dues of all its employees in the next ten days.

Kingfisher seeks basis of wilful defaulter tag from UCO Bank

Now, the airline has communicated that it wanted to know the basis of why the `wilful defaulter' tag was being attached to the company.

Stock exchanges to suspend trading in Kingfisher, UB Engineering

Besides, the entire promoter shareholding of these companies have been frozen with effect from today itself.

Stock exchanges to suspend trading in KFA shares from next month

Stock exchanges will suspend trading in shares of Kingfisher and another group firm UB Engineering from next month.

UCO Bank sends notices to Kingfisher Airlines, another firm

City-based UCO Bank has shot off notices to Vijay Mallya-owned Kingfisher Airlines and United Beverages after identifying the two firms as `wilful defaulters'.

Metal, blues, indie rock Octoberfest 2014

Metal, blues, indie rock Octoberfest 2014

The second day of the ongoing 10th edition of Kingfisher Premium - The Great Indian Octoberfest (TGIOF) - saw a heavy mix of metal, blues, indie, soft rock and electronic music here.

Vijay Mallya summoned by court over payment dues

The court has also directed Superintendent of Police Bengalaru to ensure attendance of the accused in court of ACJM here on October 6.

Payment default case: Kingfisher moves HC against PNB notice

KFA moved the Delhi High Court against PNB's notice alleging the carrier has wilfully defaulted in payment of outstanding dues of over Rs 770 crore.

Vijay Mallya may quit UBL board if declared 'wilful defaulter'

SBI, PNB and IDBI may soon initiate the process to declare Kingfisher Airlines and others as wilful defaulters after the firms failed to service their debt.

`Banks initiate process of declaring KFA as wilful defaulter'

Once declared wilful defaulter, criminal proceedings can be initiated against promoters and directors of the company.

Kingfisher logs rising Q1 sales

Kingfisher owns French home-improvement chains Castorama and Brico Depot as well as B&Q in Britain.

United Breweries Q4 Net surges over 11-fold to Rs 68 crore

The company's net sales rose to Rs 973.9 crore for the fourth quarter as compared to Rs 931.92 crore in the same period of previous fiscal, United Breweries Ltd said in a filing to the BSE