Vijay Mallya 's Private Jet ( worth Rs. 20 cr ) Sold as Scrap ( for Rs.22 Lakh ) to pay for Kingfisher Airlines ' dues .
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Vijay Mallya Should Have Saved Kingfisher a la Sir Dorabji Tata
Vijay Mallya Should Have Saved Kingfisher a la Sir Dorabji Tata
Vijay Mallya has adequate resources to rescue Kingfisher .Vijay should follow the noble precedent set by Sir Dorabji Tata
( Once during the Great recession of 1920 s Sir Dorabji Tata pledged family jewelery to pay on time salaries etc ) of Tata Steel ( then known as Tata Iron And Steel Company Limited ).
( Once during the Great recession of 1920 s Sir Dorabji Tata pledged family jewelery to pay on time salaries etc ) of Tata Steel ( then known as Tata Iron And Steel Company Limited ).
Please read this from Tata`s Official Site :-
Sir Dorab`s commitment to his father`s vision and values was so strong that he staked his personal fortune to save the steel venture when, in 1924, it slipped into trouble. His business sense and audacity had seen the company undertaking a five-fold expansion programme in the post-World War I period. Spiralling costs combined with transport and labour difficulties in the West upset Sir Dorab’s calculations. At about this time, the company’s largest pig iron customer, Japan, was struck by an earthquake and steel prices tumbled.
It got to a point when there was not enough money to pay his workers’ wages. Sir Dorab pledged his entire personal fortune worth, about Rs1 crore and including his wife’s personal jewellery, to obtain a loan. Tata Iron and Steel secured support from unexpected quarters — among those backing the company were Jawaharlal Nehru and Mohammed Ali Jinnah, the future leaders of independent India and Pakistan — and it survived the crisis.
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General Warning : Investment in Shares Can be Injurious to Your WEALTH
Caution :The blog writer has personal/ family members' holdings in Kingfisher Aitlines, so please make suitable "provisions " for likely over optimism
( NB : All information given in good faith. Please recheck all facts before taking any investment decision.
. No responsibility taken by this author / blog . )
It got to a point when there was not enough money to pay his workers’ wages. Sir Dorab pledged his entire personal fortune worth, about Rs1 crore and including his wife’s personal jewellery, to obtain a loan. Tata Iron and Steel secured support from unexpected quarters — among those backing the company were Jawaharlal Nehru and Mohammed Ali Jinnah, the future leaders of independent India and Pakistan — and it survived the crisis.
=================
General Warning : Investment in Shares Can be Injurious to Your WEALTH
Caution :The blog writer has personal/ family members' holdings in Kingfisher Aitlines, so please make suitable "provisions " for likely over optimism
( NB : All information given in good faith. Please recheck all facts before taking any investment decision.
. No responsibility taken by this author / blog . )
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