Cox & Kings

The acquisition, completed through the PE firm's Indian subsidiary, includes only Cox & Kings brand and assets, excluding any responsibility for financial, legal issues tied to past operations

A court here has allowed the CBI to question Yes Bank founder Rana Kapoor in connection with a loan granted to Ezeego One Travels and Tours Limited (EOTTL) by the private sector lender. Kapoor, 65, former MD and CEO of Yes Bank, is in judicial custody following his arrest by the Enforcement Directorate (ED) in March 2020 in a money laundering case linked to financial irregularities at the bank. He is currently lodged in the Taloja jail in neighbouring Navi Mumbai. The Central Bureau of Investigation on Thursday told additional sessions judge B D Shelke that it wanted to question Kapoor in the case related to the EOTTL loan, registered in October 2020 on a complaint filed by Yes Bank. "Criminal complicity" of Kapoor, who was the MD and CEO of Yes Bank during the relevant period, came to light during investigation, said special public prosecutor Ashish Bilgaiyan. At Kapoor's behest, the bank sanctioned a loan of Rs 1060 crore to EOTTL (a sister concern of Cox & Kings) despite the

The latest findings by the ED probe in the CKL matter revealed that the entire gamut of siphoning off of funds and diversion of loan money from various banks stood at Rs 6,968 crore

A travel and tourism competitor, who met Kerkar at corporate events, says, "He seemed to have many irons in the fire, and it was hard to tell how these businesses were all doing"

An earlier estimation from ED stood at about Rs 5,500 crore

The Enforcement Directorate will produce Kerkar in the Mumbai sessions court on Friday

RBI's role should be thoroughly probed, says AIBEA

Anil Khandelwal and internal auditor Naresh Jain sent to seven days custody of federal agency

The bank is likely to file for its offer document soon after the board clears the fundraising plan.

Probe agency finds irregularities in loans amounting Rs 3,642 crore sanctioned by Yes Bank

From fuel price hikes for the second day in a row to Moody's report on air passenger traffic in 2021, here are the top headlines of the day

The action is part of ED's probe in a case involving half a dozen YES Bank borrowers with total loan claims of about Rs 30,000 crore

The bank's move to pick up a stake in Dish TV comes following an invocation of pledged shares to the tune of 445.3 mn in the firm, the lender said in a filing to the stock exchanges late on Friday.

Rana Kapoor's wife also charged with abetting crime

In August 2019, the lenders had appointed audit firm PwC to examine the CKL

Amid the market sell-off, travel service companies such as Thomas Cook and Cox & Kings have been falling like ninepins, Indian Railway Catering & Tourism Corporation (IRCTC) has emerged as an outlier

Your summer holiday is safe and on schedule, say travel firms

It has already defaulted on loan repayments and closed some of its overseas branches because of cash crunch

YES Bank, Bank of Baroda, SBI, IndusInd Bank, and RBL Bank are amongst the banks most prune to "high risk" emanating from Anil Dhirubhai Ambani Group (ADAG), Cox & Kings, CG Power, and DHFL

India's major rating firms include Crisil, the Indian unit of S&P Global; ICRA, the local unit of Moody's Investors Service