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Kingfisher Airlines in the black this month
Kingfisher Airlines, promoted by the UB Group, expects to get into the black in December. According to Ravi Nedungadi, president and CFO, UB Group, the airline has been driving in volumes and......
ED issues fresh summons to Vijay Mallya
ED had earlier issued summons to Mallya for "personal appearance" on March 18 under the provisions of the Prevention of Money Laundering Act (PMLA). Image: Mallya had sought time till April for......
Mallya's loan default case: CBI seeks help of four nations
Officials of 17 banks which gave loan to Kingfisher Airlines and UB Group are also under the agency's scanner Expanding its probe into the Rs 7000 crore (Rs 70 billion) loan default by liquor......
Mallya seeks more time to appear before ED
Officials are mulling options and "studying the reply and reasons" cited by Mallya in his communication and will take a final decision soon whether to grant his request or not. Liquor baron Vijay......
CBI quizzes top Kingfisher, UB officials for the 2nd day
A consortium of banks led by State Bank of India wants to liquidate Mallya's assets to recover the loans. Image: Prosecute Vijay Mallya for not paying taxes and clearing their dues, say......
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