A sub-committee has also been formed, involving about four banks to examine availability of assets of the borrower, says SBI MD.

While Kingfisher has not been able to pay salaries to employees for months but the airline almost doubled the remuneration of CEO Sanjay Ag...

Mallya had got a commission of Rs 51 crore for these guarantees in 2010-11, but KFA said that payment was withdrawn after lenders' oppositi...

No payments were made to Chairman Vijay Mallya, while non-executive directors were paid sitting fees for board and committee meetings atten...

Corporate high flyers who have been grounded by their companies are coping by reinventing themselves, as entrepreneurs or by acquiring new ...

It would pay higher incentives and allowances to the staff working longer hours, but the move could still help it cut employee expenses dra...

Some lessors of Kingfisher are planning to take back aircraft they had given on lease as the Vijay Mallya-promoted company faces its bigges...

European aircraft manufacturer Airbus Industrie on Tuesday said it plans to have a manufacturing base in India in the next three-four years...

By having just one team, tapping synergies become a lot easier with a common head for engineering, operations and every other function. Fly...

Flying over the Deccan isn’t all that easy - there’s plenty of rugged terrain to negotiate here.