On February 10, 2014 15:17 (IST)
As public sector bank employees started a two-day strike today seeking higher wages, Finance Minister P Chidambaram said the profit of banks cannot be used only to enhance salaries because there are other obligations.
On January 02, 2014 19:20 (IST)
Besides non-payment of salaries, the Vijay Mallya-owned private carrier, which stopped operations in October 2012, has defaulted on payment of loans worth over Rs 7,200 crore, secured mainly from the public sector banks.
On December 29, 2013 15:13 (IST)
Grounded carrier Kingfisher Airlines' employees, who have not been paid their salaries for the past 17 months, have said they will seek help from Delhi Chief Minister Arvind Kejriwal in getting their dues.
On June 07, 2013 23:39 (IST)
The employees of the grounded Kingfisher Airlines, who were on a hunger strike, called it off late on Friday though airline chairman Vijay Mallya reportedly expressed inability to pay salary arrears.
On June 07, 2013 21:27 (IST)
The employees of the grounded airline have been on a hunger-strike since yesterday at the Kingfisher House seeking salaries which have not been paid since last August.
On May 24, 2013 17:13 (IST)
Of the Rs 6,000 crore received in 2012-13, the airline spent Rs 1,803 crore on pending staff salaries, paid off Rs 1,253 crore as jet fuel dues to oil marketing companies and Rs 1,100 crore as loan and interest payments for aircraft acquired, officia...
On April 03, 2013 08:04 (IST)
Kingfisher Airlines has paid its staff salaries for June and July 2012, a company spokesman said on Tuesday.
On December 26, 2012 17:06 (IST)
The ministry of corporate affairs wants companies to disclose the remuneration paid to promoters and CEOs in perspective of their median staff salary. The move comes amid a growing perception that India Inc. is doling out huge pay packages to the top...
On December 26, 2012 15:30 (IST)
Amid a growing perception about India Inc doling out huge pay packages to the top management, the government wants the companies to disclose the remuneration paid to promoters and CEOs in perspective of their median staff salary.