Nasty tweets continue against Kingfisher the day after the party held to mollify critics on Twitter
Mumbai Mirror reported that Kingfisher had thrown a party last night for its harshest critics on Twitter. However, the day after, the flood of sarcastic tweets continue unabated.
Kingfisher’s attempt at wooing its critics went well last night, as was said in the news report. Impressed by the show at Bonobo and the performances (and assuming the drinks were on the house), the twitterati had been benevolent with their posts then. However, judging by the barrage of tweets that continue against Kingfisher Airlines and its owner, it appears that the King of Good Times should have compiled a longer guest list; preferably including common passengers and citizens.
“IndiGo’s airhostess’ wig budget is more than Kingfisher’s profits,” said a tweet today. Another micro-blogger is enthusiastic having spotted a Kingfisher flight on the runway, which she feels is as rare as an UFO sighting. Another said, “What’s the similarity between Team India and Kingfisher Airlines? As of now, nobody is sure when the return flight will take off.”
The most popular one-liner, however, seems to be, “If you love someone set them free. If they go, it was never meant to be. If they return, they probably booked a ticket on Kingfisher Airlines.”
Many angry passengers have tweeted about being delayed because their flights have been cancelled while others have turned caustic. “Everyone blames Mallya that his flights are delayed. Nobody remembers that his calendars are always on time.”
Citizens have expressed disgust with the Directorate General of Civil Aviation (DGCA) approving Kingfisher’s revised schedule. “Will the heavens fall if Kingfisher Airlines is banned? Why should we save this loss-making company?” asks an incensed citizen. Others seem to be fuming that banks are bailing out Kingfisher but cannot spare money for poor farmers.
All this, coupled with reports of Kingfisher ground staff in Delhi going on strike in protest of non-payment of salaries, has ensured that the afterglow from last night’s party has dimmed. But Dr Mallya is not without friends. Kingfisher beer has apparently trumped other brands, and some accounts are continuously boasting the fact and praising Dr Mallya’s brand.
Maybe, as a member of the twitteratti suggests, Kingfisher should now use its beer for flying.
Sahara Life Insurance had several investment issues but IRDA has not pressed charges after getting clarifications from the insurer. Sahara Life Insurance needs to make several changes to comply with the regulations
The Insurance Regulatory and Development Authority (IRDA) had many observations on investment related issues with Sahara Life Insurance, promoted by Subrata Roy’s Sahara Group. IRDA has not pressed charges after getting clarifications from the insurance company.
There were three violations for which penalty of Rs12 lakh was imposed and several other violations which were let off. Read the first part: Sahara Life Insurance caught for multiple violations; penalised for a mere Rs12 lakh.
Here are more issues which are mostly to do with investments. These were discussed by IRDA with the insurance company:
“The positive response received by our NFO confirms investors’ faith in us,” said IDBI Asset Management managing director and chief executive officer, Debasish Mallick.
Asset management firm IDBI Mutual Fund said its new fund offer (NFO) IDBI
Dynamic Bond Fund has mopped up Rs115 crore. The debt scheme was open between 30 January 2012 and 14 February 2012 and has an exit load of 1% if the redemption takes place within a year. During the launch, the company was aiming for collecting a corpus of at least Rs107 crore from the issue.
“The positive response received by our NFO confirms investors’ faith in us. In the current scenario of economic uncertainties, high accruals and expectations of rate cuts, investment in debt could be viewed as a good and prudent asset allocation strategy,” IDBI Asset Management managing director and chief executive officer, Debasish Mallick said in a statement.
The scheme will invest in portfolio comprising debt instruments like government securities, PSU and corporate bonds and money market instruments. However, the asset allocation in the debt and money market instruments is not predetermined and could vary according to market conditions.
IDBI Mutual Fund, a part of IDBI Bank, commenced its operations in March 2010. It managed assets worth Rs6,101.89 crore at the end of the December 2011 quarter.