windbroking
4O0dV
Sensex, Nifty continue to slide; JP Associates tanks 13%.
HDFC, NTPC, Coal India, Hero MotoCorp and ITC are top gainers in the Sensex. Among the losers are BHEL, Hindalco, Tata Motors, Tata Steel and ICICI Bank.
Strongly denying United Bank of India's (UBI) wilful defaulter allegations chairman of cash-strapped Kingfisher Airlines Vijay Mallya today said the company was not given a chance to present its case before UBI. While addressing the media at its annual general meeting, he said, "We disagree with their action. We were'nt given a hearing, will pursue legal remedies available." UBI recently declared the grounded airline and Mallya as wilful defaulters for non-payment of dues worth Rs 400 crore. Three company directors - Subhash R Gupte, Ravi Nedungadi and Anil Kumar Ganguly — were also on the list. But the company is looking to vigorously challenge UBI's decision. State-owned UBI is the first lender to declare KFA and promoter Mallya as wilful defaulters.
4O0dV
Sensex, Nifty continue to slide; JP Associates tanks 13%.
HDFC, NTPC, Coal India, Hero MotoCorp and ITC are top gainers in the Sensex. Among the losers are BHEL, Hindalco, Tata Motors, Tata Steel and ICICI Bank.
Strongly denying United Bank of India's (UBI) wilful defaulter allegations chairman of cash-strapped Kingfisher Airlines Vijay Mallya today said the company was not given a chance to present its case before UBI. While addressing the media at its annual general meeting, he said, "We disagree with their action. We were'nt given a hearing, will pursue legal remedies available." UBI recently declared the grounded airline and Mallya as wilful defaulters for non-payment of dues worth Rs 400 crore. Three company directors - Subhash R Gupte, Ravi Nedungadi and Anil Kumar Ganguly — were also on the list. But the company is looking to vigorously challenge UBI's decision. State-owned UBI is the first lender to declare KFA and promoter Mallya as wilful defaulters.