Kingfisher Red

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  To Declare Vijay Mallya Offender, Anti-Money Laundering Court Approached

  The Enforcement Directorate, which investigates financial crimes, has moved a special anti-money laundering court in Mumbai to declare business tycoon Vijay Mallya an offender over a billion dollars in unpaid loans by his firms.

• UBL's strong beer portfolio crosses 100 million cases mark in FY13

  United Breweries Ltd (UBL) said on Monday that its strong beer portfolio, including Kingfisher Strong and Kingfisher Red brands, has achieved record sales of 100 million cases in fiscal year 2012-13.

• SBI sanctions Rs 2,500 crore to fund RINL expansion

  State Bank of India (SBI) today said it has sanctioned Rs 2,500 crore to Rashtriya Ispat Nigam Ltd (RINL) to fund its expansion programme.

• Government approves Air India debt recast plan

  Air India got a breather when Civil Aviation minister Ajit Singh said that a plan to recast debt of Rs 22,000 crore has been approved by the Group of Ministers. The restructuring package comes at a time when the embattled airline is fighting multiple fires, primary among them a mountain of debt, loss of market share to private carriers, rising cost...

• It's Sonam over Deepika for Siddharth Mallya

  Actress Deepika Padukone's purported boyfriend Siddharth Mallya has chosen Sonam Kapoor as the most stylish actress in Bollywood.

• Disappointed at the closing of Kingfisher Red: Gopinath

  Captain Gopinath, who pioneered the low-cost aviation business in India, says he is hurt by Vijay Mallya's decision to ground Kingfisher Red. Gopinath's Air Deccan was sold to Vijay Mallya in 2007 for Rs 1,120 crore, which was rebranded Kingfisher Red. Gopinath believes that it was a mistake to club the two airlines together and says Mr Mal...

• Low-cost Kingfisher Red business to be shut soon: Mallya

  Kingfisher Airlines chairman Vijay Mallya on Wednesday announced that he would soon exit low-cost Kingfisher Red business and concentrate only on his full service venture. Almost 4 years after, he purchased India's first low-cost airline Deccan Airways, Mr Mallya is beating a hasty retreat and phasing it out. Deccan was renamed Kingfisher Re...

• Vijay Mallya grounds low-cost carrier Kingfisher Red

  Kingfisher Airlines today said it will stop operations of its low cost airlines Kingfisher Red. Announcing this decision, Chairman Vijay Mallya said, "We don’t believe in low cost operations anymore.” Mr Mallya had started Kingfisher Red after buying out Deccan Airlines. Kingfisher has a market share of nearly 20 per cent. ...

• 'Merger pushed Air India deeper into red'

  The government on Friday said direct tax collection has surpassed the budget estimate of Rs 3.70 lakh crore for the 2010 fiscal.