Kingfisher promoters open to reducing stake to 26%

The promoters of Kingfisher Airlines are open to reducing their stake to 26 per cent to strategic domestic investors, from the current 58.61 per cent. Ravi Nedungadi, UB group's president and......

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......