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 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 2020This was the first such exercise by the probe agency since the lockdown came into effect on 25 March
1 min read8 Jun 2020If the current momentum in the business continues and Cox & Kings delivers on the promise of further debt reduction, analysts expect the stock to rerate
1 min read28 Sep 2016US markets closed higher; Asian markets opened mixed
1 min read2 Dec 2015Travel firm sells Explore Worldwide to UK tour operator Hotelplan as it aims to focus on core businesses
2 min read2 Dec 2015Cox and Kings acquired 100% stake of UK-based hotel-booking firm LateRooms from TUI Travel for 8.5 million
2 min read13 Oct 2015Cox and Kings Ltd and Thomas Cook India Ltd dropped as much as 11.6% and 8.6%, respectively
1 min read29 Jun 2015Narendra Modi's easy visa rules is likely to lure more visitors and boost the company's cash flow
5 min read23 Dec 2014The 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