The investigating agency plans to question several bank officials directly involved in the transactions involving Cox and Kings to check whether they followed proper procedures before lending to the company
1 min read16 Oct 2020The travel and tourism firm and related entities owe more than ₹1,800 cr to the bank
2 min read14 Oct 2020Cox and Kings defaulted on ₹3,642 crore to Yes BankCox and Kings is the second high-value borrower being investigated, after DHFL promoters Kapil and Dheeraj Wadhawan were arrested by the CBI in April
1 min read7 Oct 2020The agency said ex-chief financial officer Anil Khandelwal and ex-internal auditor Naresh Jain were arrested under the provision of the Prevention of Money Laundering Act
1 min read6 Oct 2020Emmy nominee Brian Cox discusses how the 'Succession' actors improvise, Jesse Armstrong's unique sensibility, and whether Logan Roy has a favourite child
14 min read21 Sep 2020This was the first such exercise by the probe agency since the lockdown came into effect on 25 March
1 min read8 Jun 2020Traders have resorted to panic selling, often at rates even less than a rupee, some over reports of allegations of fraud and others over poor corporate governanceCox & Kings turned out to be the biggest wealth destroyers
2 min read15 Sep 2019Cox & Kings Limited has a consolidated turnover revenue of ₹5,693.5 crore as on 31 MarchThe statement was with regard to clarification on reports that TPG Capital, Advent International were in talks to infuse $350 million each in Yes Bank
1 min read26 Jul 2019Cox & Kings had said in a filing that company's working capital situation was stretched in the last few monthsEarlier, Cox & Kings had said it defaulted on payment on unsecured commercial papers worth ₹45 crore
1 min read25 Jul 2019Cox & Kings is taking all required measures to resolve the temporary cash flow mismatchThe company said it has a thriving and highly valuable hybrid hotels business in Meininger
1 min read2 Jul 2019The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared