'Mallya has offered to pay the original amount.' 'Let us say he means the principal amount and that stands at Rs 5,000 crores.' 'The Indian banks have to ask themselves if they would rather have this 5,000 crores or would have none of it at all,' asks Sudhir Bisht.
The office of former prime minister Manmohan Singh may have taken a special interest to try and keep afloat Vijay Mallya's ailing Kingfisher Airlines against the run of play, e-mails and letters claiming this and accessed by CNN-News18 indicate.
Identifying cyber crime as a major threat, Sebi Chairman U K Sinha recently said such attacks are occurring these days in a more sophisticated manner.
Long-haul low-cost carriers like Scoot and AirAsia X offer a similar configuration.
Country's largest airline has set up a centralised unit to minimise disruptions.
Indian students, who are living and studying away from home, tell us how they are dealing with the COVID-19 crisis and what they discovered on their journey back home.
Here's the full text of the statement
Vistara CEO Phee Teik Yeoh discusses the airline's expansion plans and challenges with Alnoor Peermohamed.
Vijay Mallya who inherited the UB Group from his father as a young 28-year-old, said he has got "nothing to prove".
Vijay Mallya has lost control of his companies.
AirAsia plans to sell 12 planes this year, a move that will bring in around 500 million ringgit ($156 million) in net profit.
With passengers flying Indian skies getting more and more unruly, day by day, airlines are forced to stock rope and handcuffs on board and use them as they did the other day on a Dubai-Delhi flight.
One thing is certain: The part-Goan, part-Malayali group CEO of Air Asia is not your usual boardroom CEO, and he cultivates the maverick businessman image, buying race car teams and football clubs and taking off-beat bets with his mentor and now buddy Richard Branson of Virgin.
The condition of over two dozen people who were admitted to the hospital in Kathmandu is said to be serious.
United States President Barack Obama on Friday called for an immediate ceasefire between Ukraine's Russia-backed separatists and the government there after a Malaysian passenger jet was shot down by a missile from rebel-held territory, killing 298 people on board.
With oil prices in a free fall, the airline is looking at regaining some of its lost share.
The resolution plan has to be put to work this month itself. Jet has a debt of over Rs 8,000 crore and needs to make repayments of up to Rs 1,700 crore by the end of March.
UK's Cairn Energy Plc plans to bring lawsuits in the US and other countries to pierce the corporate veil between the Indian government and its owned companies such as in oil and gas, shipping, airline and banking sectors, to seize their overseas assets to recover $1.2 billion ordered by an international arbitration tribunal. The firm has moved courts in the US, UK, Canada, France, Singapore, the Netherlands and three other countries to register the December 2020 arbitration tribunal ruling that overturned the Indian government's Rs 10,247 crore demand in back taxes and ordered New Delhi to return $1.2 billion in value of shares it had sold, dividends seized and tax refunds withheld to recover the tax demand. With the government so far refusing to honour the arbitration award and instead choosing to challenge it, Cairn is looking to enforce it by seizing overseas Indian assets, Dennis Hranitzky, head of the sovereign litigation practice at Quinn Emanuel Urquhart & Sullivan, a law firm representing the company, told PTI.
The consortium led by SBI has also initiated the process of recovery.
The lenders have not ruled out selling the property to recover part of their loans to the company.
In a market driven by low fares, premium air carriers may have a tough time.
The minister said it was important to have a flag carrier.
As a multi-disciplinary organisation, SFIO probes cases of financial frauds that are referred to it by Corporate Affairs Ministry
Dutch investigator Wilbert Paulissen said the Joint Investigation Team had come to the conclusion that the BUK-TELAR that shot down MH17 came from 53rd Anti-aircraft Missile Brigade based in Kursk in Russia.
In March this year, the banks tried to sell the Kingfisher House in Mumbai to recover a part of their dues.
A total of Rs 30,000 crore was allocated for five years to Air India by the United Progressive Alliance government in its second term.
Officials of 17 banks which gave loan to Kingfisher Airlines and UB Group are also under the agency's scanner
When the 'god' is angry, look what happens. Sachin Tendulkar, 'God of Cricket' was annoyed and expressed his displeasure on Twitter. Since then, the social networking site is buzzing.
Tag for defaults on nearly Rs 7,000 cr loans to long-grounded Kingfisher Airlines
For international travel, frequent flyers look at network and Air India's global network is weak.
'The new trains should be fast, but the roll-out of the privatisation plan should be slow and well-considered,' recommends T N Ninan.
Liquor tycoon Vijay Mallya on Friday made an urgent application before the UK High Court seeking access to millions of pounds to cover his living expenses and legal fees from funds held with the Court Funds Office as part of bankruptcy proceedings, initiated by a consortium of Indian banks led by the State Bank of India. Deputy Insolvency and Companies Court Judge Robert Schaffer declined to allow a draw down from the court-held funds of an estimated amount of around 1.5 million pounds, accrued from the sale of Mallya's French luxury property Le Grand Jardin earlier this year, until further arguments in the case. However, he did allow the release of 240,000 pounds plus VAT to cover the legal costs of a substantive hearing in the bankruptcy proceedings scheduled for next Friday.
SBI has the highest exposure of Rs 1,600 crore to the beleaguered Kingfisher Airlines.
The 12,350 sq mt Villa was once used by Mallya to host lavish parties in his 'good times'.
'We flew all missions in the first part of the war at low levels; that is at 300 to 500 feet above the ground.' 'These sorties were no doubt stressful since the pilots and crew had to look out for birds and obstructions as well as enemy gunfire.'
Mallya showed his net worth at Rs 615 crore, mainly in shares and bonds.
Chaitanya was working in Cognizant Technologies on a Southeast Airlines project.
Abu Dhabi is no longer exclusive hub for Jet, Etihad won't recommend candidates for Jet management.
UBI's exposure to Kingfisher Airlines was around Rs 350 crore (Rs 3.50 billion) as part of consortium led by State Bank of India.
India's newest airline-Vistara is bullish on growth prospects.
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