Vijay Mallya's nameplate gleamed on the door of his office in the Force India hospitality at the Indian Grand Prix on Thursday while a team sponsor board outside carried the words 'Fly Kingfisher'.
The airline's pilots and engineers at Delhi, Bangalore and Chennai have rejected the three-month salary offer.
The foreign institutional investors have more than doubled their holding to 2.46 per cent stake in Vijay Mallya-led UB group's Kingfisher Airlines, while small individual shareholders hiked their holding significantly to 17.59 per cent during the quarter ended September 30.
The carrier has been grounded since October and employees haven't got pay since June.
Bankers meet today to decide on asset sale, invoking Mallya's personal guarantees.
The company had dent of about Rs 14,070 crore.
A Hyderabd court issued a non-bailable warrant against Kingfisher as well as Mallya on Friday in a cheque bounce case, said a Times Now report.
SBI says recovery process on as no court stay yet.
Acquires 50 per cent stake for $36 million in United National Breweries.
A local court in Hyderabad has issued four more non-bailable warrants (NBWs) against businessman Vijay Mallya after he failed to appear in a court here in connection with alleged dishonour of cheques amounting to Rs 2 crore (Rs 20 million) to GMR Hyderabad International Airport Ltd.
Mallya, mired in a controversy for leaving India in the middle of a massive loan default probe, on Monday appeared to distance himself from an interview that quoted him as having said that time was not 'right' to return to the country.
I don't disown my past association with Vijay Mallya but that does not mean I endorse his monetary misdemeanours, a feisty Divya Spandana tells Subhash K Jha.
Among the country's three listed airlines also, Kingfisher chief executive officer Sanjay Agarwal's pay package was the second highest in the last fiscal ended March 31, 2012, as per the remuneration details provided in their annual reports.
KWAN was in talks with a few clients in luxury and lifestyle space for Mallya junior. "We signed Sidhartha Mallya to exclusively manage and represent brand Sid.
Share purchase agreement awaits Karnataka HC decision on Kingfisher creditors' plea.
Mallya showed his net worth at Rs 615 crore, mainly in shares and bonds.
"I am an international businessman. I travel to and from India frequently.
The lawsuits filed for recovering dues of Rs 300 crore from Kingfisher Airlines is exclusive of payments guarantees given by banks.
Turning down a request for Rs 200 crore (Rs 2 billion) working loan by Kingfisher, the SBI-led lenders consortium on Thursday asked SBI Capitals to chalk out a fresh revival plan for the cash-strapped airline in the next 2-3 weeks.
Following the government move to allow FDI policy in the civil aviation sector, Chairman of debt-ridden Kingfisher Airlines Vijay Mallya on Wednesday said the carrier was in talks with foreign airlines.
Must satisfy shareholders on game plan to steer UB Group over next 12 months.
Global liquor major Diageo Plc has submitted details sought by market regulator Sebi regarding its Rs 5,441 crore open offer for buying stake in Vijay Mallya-led United Spirits.
A UK court hearing an urgent application on Monday refused to sanction the release of substantial sums held with the Court Funds Office (CFO) as part of bankruptcy proceedings being pursued against liquor tycoon Vijay Mallya by a consortium of Indian banks, led by the State Bank of India (SBI).
Kingfisher promoter Vijay Mallya is ready to infuse Rs 425 crore (Rs 4.25 billion) into the airline and restart its limited operations as soon as DGCA gives a go-ahead, the lead lender to the grounded carrier SBI said.
Lenders to Kingfisher Airlines (KFA) will meet its promoter, Vijay Mallya, and the rest of the brass on Monday, to chart a way forward for the grounded airline.
United Breweries Group chief Vijay Mallya's son, Sidhartha Mallya is set to step into the world of brand endorsement with celebrity management firm KWAN signing him up to become face of some luxury brands.
At a 'Khaat Sabha' in Sant Kabirnagar district on Wednesday, Rahul referred to the incident of locals taking away the cots brought for the meeting, saying, "Our opponents see farmers as poor persons but I always feel that farmers are the real power of Hindustan."
Malvinder Singh's name is thrown up by rumour mills, after Tata, Reliance & Sahara.
The letter came on a day when at least 16 Kingfisher flights, 10 from Mumbai and six from Delhi, were cancelled due to the strike.
While announcing its results on Wednesday for the quarter ended June, UB Holdings said about a tenth of the corporate guarantees for Kingfisher Airlines were being invoked.
Some airline companies may be struggling to keep themselves afloat, but business for the aviation training industry is brisk, barring some exceptions.
"India's global image has taken a beating," Mallya said on the social networking platform Twitter.
Force India set their sights on breaking into Formula One's top three at the launch of their new car on Wednesday and hit back at suggestions that they lack the budget to match the manufacturers in a spending 'arms race'.
Caterham (formerly Team Lotus), its Chief Technology Officer Mike Gascoyne and Aerolab have been found liable for copyright infringement and using confidential information of Formula One team Force India at the London High Court.
SBI had moved the Debt Recovery Tribunal because Mallya owes over Rs 7,200 crore to a consortium of banks led by State Bank of India
Private equity majors interested in buyouts have started initial discussions with promoter Vijay Mallya.
Nine flights from Bengaluru and at least three from Delhi were cancelled till this afternoon as several pilots did not report for duty, airline officials said.
It said a meeting would be held with the airline's management soon.
There is more worry for Vijay Mallya, battling many a fire. Even as his Kingfisher Airlines struggles to hold itself, another of his major companies, United Spirits, has had a setback in its legal battle against his arch rival, Kishore Chhabria.
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