Dabur has moved quickly to take advantage of the ban.
The money was paid to Mallya in two tranches in his offshore accounts.
RBI, Enforcement Directorate to see if money was sent to tax haven
Mallya showed his net worth at Rs 615 crore, mainly in shares and bonds.
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
'Defence and aerospace show huge potential thanks to the government's Make in India push.'
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.
FMCG, automobile industries say if GST regime kicks in, rail hubs can take Make in India to a new high.
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.
After IPL exit, beverage maker signs up as first BCCI on-ground sponsor
Congestion on Mumbai roads has become chronic.
Rediffusion took the industrial elements of the lion mascot to create a laman diya or lamp.
'Maggi is linked to the lives of many people; not just the organisation.'
Both competitive intensity and environmental factors are contributing to the leading oral care brand's pain points
FMCG has been behaving unlike a defensive category in recent quarters.
The Rs 2,000-crore Patanjali, looking to grow its turnover two-and-a-half times in FY16.
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