Advitiya Sharma is fifth co-founder to leave the start-up now left with three more co-founders.
In 2012, Diageo had paid Rs 3,635 cr directly to Mallya for his 19.3% stake in United Spirits.
Mallya failed to repay loans worth Rs 7,200 cr, did not pay salaries, did not deposit PF, and did not pay income tax. It is still a mystery why banks continued to pour money into the airline when it was on life support
This amendment is proposed to be made retrospectively effective from FY16 onwards.
The change in the latest Budget will impact the sale and rent of SEZ units of companies like Adani Port, which has large SEZs in Mundra.
Core sector companies have seen volumes drop to single digit in the first nine months of FY16.
The deal comes at a huge cost to minority shareholders who have till date lost close to Rs 5,500 crore that were written off United Spirits' books
Percy Mistry says things at market regulator Sebi are also in bad shape.
Congestion on Mumbai roads has become chronic.
Start-ups, especially the e-commerce players, are either staying away from these campuses or recruiting in much smaller numbers than last year
However, the IT firms will get some benefits, as software exports from their Chinese campuses will yield more in local currency
Yuan depreciation will make imports in China more expensive, depressing demand, especially for commodities.
Indian CEOs might like to make some serious course correction.
Needless to say, coaching institutes are unhappy with suggestion.
Japanese telecom major would invest $50 mn in the start-up in 'December or latest by January'.
The rupee's fall against the dollar is bad news for companies which have increased their exposure to foreign currency loans in recent years.
Indian oil and gas exploration companies work in silos.
Naveen Tewari loves cycling but over the past few years, he has been keeping his first love waiting.
It took the Aditya Birla group four years to make up its mind on entering the the burgeoning e-commerce market in the country.
Kingfisher Airlines owed Indian banks Rs 7,000 crore as of January.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances