UB Group, the parent of debt-laden Kingfisher Airlines, said it was in talks with lenders to the carrier to cut their exposure by using proceeds from a stake sale in a group company to Diageo Plc. ...
02:03 PM, Feb 15, 2013
Kingfisher lenders on Tuesday finally decided to start the recovery process for Rs 7,500-crore loans given to the grounded airline, a top official of State Bank of India said. ...
10:17 PM, Feb 12, 2013
Kingfisher lenders will give all chances to the grounded airline to restart operation even as bankers are concerned over their outstanding dues, SBI Chairman Pratip Chaudhuri said on Monday. The chief of State Bank of India, which heads the 17-member lenders' consortium, also said, "We don't give up hope till they say no." ...
03:21 AM, Feb 12, 2013
A consortium of lenders, led by State Bank of India, on Friday opposed ailing Kingfisher Airlines' plan to resume operations and insisted on "better commitments" from the carrier. The meeting between lenders and the KFA management in Bangalore remained inconclusive as the bankers were "not impressed" with the revival plan, sources said. ...
10:25 PM, Jan 04, 2013
New Delhi: UB Group chief Vijay Mallya on Friday said he is not aware of any deadline given by bankers on recapitalisation of his airline Kingfisher, a comment that comes three days after SBI said the carrier will not fly again if it does not get capital "by month-end". "I am not aware of any deadline given to Kingfisher by its bankers. I am sorry to say but we have...
02:49 AM, Nov 10, 2012
New Delhi: Kingfisher's bankers, which have over Rs 7,500 crore locked in the ailing airline, will soon meet to chart out the future course of action, said PNB Chairman and Managing Director KR Kamath. "The bankers will sit and decide what is the situation now and what they will do," Kamath said. Punjab National Bank (PNB) is part of the SBI-led consortium of 17 banks that has exposure in the...
03:53 AM, Oct 24, 2012
Mumbai: The meeting of Kingfisher Airlines' lenders in Mumbai on Wednesday remained inconclusive as banks have sought more details from the management on the revival plan by September, when they will meet again. "We have requested more detailed kind of presentations for us to figure out how their (Kingfisher Airlines ) business is moving forward, what is their securities structure and what are the kind of things happening inside the...
04:47 PM, Sep 05, 2012
Mumbai: Embattled Kingfisher Airlines on Thursday won more time from lenders to develop a turnaround plan while its bankers moved ahead with the sale of two properties to recover a small fraction of what they are owed. Kingfisher, controlled by liquor baron Vijay Mallya, has never made a profit in a struggling Indian airline industry and has seen its domestic market share fall from second to last among the six...
01:40 AM, Jul 06, 2012
New Delhi/Mumbai: Lenders to beleaguered Kingfisher Airlines are losing hope it will be able to bring in outside investment anytime soon and may sell assets held against their loans, three bankers said on Monday. Kingfisher, which a year ago was India's No. 2 airline by domestic market share, is the biggest victim of turbulence in an aviation industry where the six main carriers face a total debt load of $20...
10:41 PM, Jul 02, 2012
Mumbai: The 18-bank consortium of lenders to Kingfisher Airlines is likely to meet next week to take a call on the debt-ridden carrier's call for additional funds, so that it could standardise its debts which are now bad assets. "I think there would be one (meeting), next week," State Bank of India chairman Pratip Chaudhuri said after the bank's annual general meeting on Friday. SBI is the leader of the...
01:01 AM, Jun 23, 2012
Mumbai: Lenders to cash-strapped Kingfisher Airlines, which has been grounding planes and cutting routes to stay aloft, are awaiting a report on the airline's viability before they approve a $133 million loan, banking sources said on Monday. SBI Capital Markets Ltd, a unit of State Bank of India, has been hired by the banking consortium to draft a report on the carrier's financial outlook. That report has yet to be...
01:12 AM, Dec 20, 2011
This season's tour is a journey that takes fashion and style across six cosmopolitan cities. ...
05:53 PM, Dec 18, 2011
Blenders Pride Fashion Tour 2011 is taking fashion and style to six cosmopolitan cities. ...
05:48 PM, Dec 04, 2011
The final day of the Blenders Pride Fashion tour saw Bollywood take over the ramp with Dia Mirza, Malaika Arora Khan, Amrita Arora and others. ...
04:02 PM, Aug 08, 2011
From the latest fashion trends to the showstoppers, catch all the action from Blenders Pride Fashion Tour 2010. ...
05:38 PM, Feb 13, 2011
Moneylenders literally run a parallel banking system and provide loans for everything from seeds to fertilizers. ...
03:11 AM, Feb 10, 2007
Alluding to the link between high debt and farmers suicides, PM Manmohan Singh favoured a debate on regulating private money lenders. ...
07:58 PM, Oct 18, 2006
