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Kingfisher Airlines slumps on continued labour unrest

KINGFISHER-SHARES:Kingfisher Airlines slumps on continued labour unrest

Read more on:    KINGFISHER | SHARES | Kingfisher Airlines
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Kingfisher Airlines fell 4.9 percent, down almost by its daily limit move of 5 percent, after cancelling all flights through Thursday because of labour unrest and being ordered to submit a revival plan before it can fly again.

Shares in Kingfisher were down 4.9 percent as of 9:22 a.m. on Wednesday, after slumping nearly 5 percent in each of the previous two sessions.

 

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Mallya cashes in on UB Holding share rally

Even in bad times, Vijay Mallya has managed to make a neat cash pile for himself by selling a part of his in United Breweries Holding Ltd (UBHL), ...

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