30 Apr 2016
Mumbai: Auction of brands and trademarks of Kingfisher Airlines turned out to be a damp squib today as lenders failed to attract a single bidder for sale of these pledged assets at a reserve price of Rs 366.70 crore in their efforts to recover unpaid loans from beleaguered Vijay Mallya.
30 Apr 2016
Mumbai: Seeking to recover their dues from beleaguered businessman Vijay Mallya, lenders today initiated an auction of various brands and trademarks of the long-grounded Kingfisher Airlines, including its once-famous tagline 'Fly The Goodtimes', but bidders were hard to come by.
27 Apr 2016
Sreerampore (WB): Hitting out at erstwhile Congress-led UPA regime over the 2G and coal scams, West Bengal Chief Minister Mamata Banerjee today said while the Congress was harping on Saradha scam in the current Assembly poll campaignings, it kept mum on the 'scams' that took place during UPA tenure.
26 Mar 2016
New York: In a major relief, Sahara Group has got time till June to avoid any foreclosure auction of its two marquee hotel properties here by mortgage holders Reuben Brothers, who had extended a USD 900 million loan refinance facility to the embattled Indian group.
01 Apr 2016
New Delhi: Government yesterday expressed hope that it may auction four ultra mega power projects (UMPPs) in the next fiscal.
17 Mar 2016
Mumbai: Lenders to long-grounded Kingfisher Airlines, owned by beleaguered businessman Vijay Mallya, today began auctioning the KFA headquarters - Kingfisher House - situated near the domestic airport here.
03 Mar 2015
New Delhi: Two major auctions-- one for the four coal mines and another of 2G and 3G spectrum-- will start on Wednesday, which may collectively fetch the government more than one lakh crore.
28 Feb 2016
Raipur: The first-ever auction of a gold mine in the country was held in Chhattisgarh. Vedanta Ltd won the auction for Baghmara (Sonakhan) gold mine with its highest bid of 12.55 percent of IBM (Indian Bureau of Mining) price of Rupees 74,712/ troy ounce (1 troy ounce = 31.10 gram), official sources said.
17 Mar 2016
New Delhi: A Bill to allow transfer of captive mines without auction was approved by the Lok Sabha, a move that will enable banks and financial institutions to sell stressed assets to recover debts.
13 Feb 2016
New Delhi: The SBI-led bank consortium has decided to auction Kingfisher House in Mumbai on March 17 in a bid to recover a part of Rs 6,963 crore debt due from the now grounded Kingfisher Airlines.