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Kingfisher Airlines seeks funds, concerns persist

Kingfisher suspends Kolkata flights
Kingfisher Airlines is suspending all operations at Kolkata and may shut its Hyderabad operations, too, after slipping further into the red, say sources. Barely a day after posting a Rs 444 crore loss for the third quarter, the airline intimated its employees it was temporarily closing operations in Kolkata from Monday. A source said the upset staffers demanded their salary dues; on being told this

Slippage worry for banks

The third quarter has been a mixed one for banks. Most saw their core business grow, but by noticeably less. And, in spite of increasing pressures, most have managed to expand their net interest

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Essar Oil slips into net loss after tax provision

Essar Oil on Friday announced it would raise Rs 3,000 crore of fresh equity through issue of preferential shares or a rights issue. The company also reported a net loss of Rs 3,990 crore for the third

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Atul Auto net rises by 23 %
Rajot-based three wheeler manufacturer Atul Auto Limited's net profit surged by 23 per cent to Rs 3.09 crore for the third quarter ended December 2012 as against Rs 2.51 crore in the same quarter last

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Left behind

The euro zone’s fourth-quarter numbers conjure images of an arduous pan-European cycling race. France and Germany are pulling away from the pack, while the countries of the periphery are

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Turnaround delayed

Suzlon Energy's plan of turning around may take some more time to materialise. This can be attributed to the resurfacing of execution issues and the lowering of revenue and margin guidance by the

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