The one-day event, accredited by CME, fielded experts from across the globe to discuss cutting-edge advancements in cardiac care
kt network9 hours ago
Indian rules require at least half of the directors on a publicly listed company to be independent. Kingfisher’s board was left with just three executive directors, including Chairman Vijay Mallya, after it lost four independent directors in the last one year.
Kingfisher named Manmohan Singh Kapur, Lalit Bhasin and Shrikant Ruparel as new independent directors on its board, the company said on Wednesday.
Kingfisher, controlled by Mallya, has a debt of $1.3 billion and is facing near collapse as banks have so far refused to lend it more for day-to-day operation.
ICICI Bank (ICBK.NS), which has loans of about 4.3 billion rupees to the embattled airline, has asked for a top-up on its loan security or to adjust the loan amount after the carrier’s stock was pounded in recent weeks.
The ailing carrier will operate about 120 flights with 20 planes this summer, according to its revised schedule, a far cry from the 370 daily flights with 64 planes last September.
The massive cutback in flights have reduced revenues, leaving Kingfisher with little cash to pay its employees, airports and tax authorities.
The one-day event, accredited by CME, fielded experts from across the globe to discuss cutting-edge advancements in cardiac care
kt network9 hours ago
The inaugural flight took off on Thursday, May 2, according to Indian media outlets
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