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Kingfisher Owes Over $36 Million in Taxes, Revenue dept to chalk out plan to recover Rs200 crore from Kingfisher Airlines,

















Kingfisher turnaround plan likely this month-end
Rediff
A week after the United Spirits-Diageo deal was announced, ailing Kingfisher Airlines had a meeting with the consortium of its lenders, led by State Bank of India. Bankers and the senior management are expected to convene another meeting later this ...
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Rediff
Kingfisher Owes Over $36 Million in Taxes
Wall Street Journal (India) (blog)
NEW DELHI — Kingfisher Airlines Ltd. owes more than 2 billion rupees ($36 million) in direct and indirect taxes to the Indian government and the tax department is working on a plan to recover the amount, a top official said Tuesday. “We will be making ...
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Revenue dept to chalk out plan to recover Rs200 crore from Kingfisher Airlines
Daily News & Analysis
The revenue department is working on a comprehensive plan to recover tax dues from debt-riddenKingfisher Airlines (KFA), which owes more than Rs200 crore to the exchequer, a top finance ministry official said on Tuesday. "As a matter of fact both ...
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Kingfisher flies 4% on likely stake sale to PE firm
Moneycontrol.com
The debt-laden Kingfisher Airlines rebounded in afternoon trade, rising as much as 3.91 percent to hit an intraday high of Rs 13.81 as sources say United Breweries Group has reached out to Private Equity players to sell stake in the company. Source: ...
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Moneycontrol.com
TPG interested to pick up stakes in Kingfisher: Sources
Moneycontrol.com
Private equity player TPG has evinced interest in picking up stakes in KingfisherAirlines , sources told CNBC-TV18. The company which has suspended its operations due to financial crunch and other related issues has time and again told media that it...
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Moneycontrol.com
Jolt for Kingfisher over payment to staff
Times of India
MUMBAI: In a setback to Kingfisher Airlines, the high court on Tuesday held that the labour court has exclusive jurisdiction to decide matters related to payment of salaries and dues payable to its employees. Justice R P Sondur Baldota was hearing a ...
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Market round-up: DIY Britons keep Kingfisher afloat while France falters
Evening Standard
Analysts at Nomura think despite sales in the UK dropping, the domestic market is still offsetting decline across the Channel at retailer Kingfisher — owner of B&Q and France's Castorama and Brico Dépôt. Nomura's Sunita Entwisle retained her “hold ...
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