Vijay Mallya, the embattled chairman of the UB Group, is not likely to be immediately named a wilful defaulter by the United Bank of India.
Formula One was accused of sending out a mixed message on alcohol at the Monaco Grand Prix on Friday by giving extensive publicity to drinks brands while campaigning for road safety.
United Spirits had a tough time in recent past due to management related issues. Going ahead, corporate governance is a big challenge, say experts.
The 12,350 sq mt Villa was once used by Mallya to host lavish parties in his 'good times'.
Pakistani Prime Minister Nawaz Sharif has cancelled his visit to WEF annual meeting after a deadly Taliban attack in his country.
A forensic audit has found possible 'irregularities and mismanagement' in advances and investments made by Mangalore Chemicals and Fertilizers to his other group companies.
- I think it's a 'No' at this point of time, purely based on the whole negative aura that has been generated
Kingfisher to be lager partner at ICC Champions Trophy to be played in UK.
Mallya, once known as the "King of Good Times" for his flamboyant lifestyle, has until Friday to appear before an IDBI committee to explain why he should not be declared a "wilful defaulter".
Liquor baron Vijay Mallya, facing probe in a loan default case of IDBI bank, apparently managed to leave the country in spite of a look-out notice against him by CBI.
Grounded Kingfisher Airlines on Monday made a last-ditch attempt to preempt a hunger strike threat by its employees, by asking them to wait till Thursday, as airline expects some positive outcome from the hearing on the winding up petition against it, say sources.
Kolkata-based United Bank of India, which had earlier declared Kingfisher Airlines and its four directors, including Mallya as wilful defaulters, on Tuesday identified UBHL, the guarantor of the grounded Kingfisher Airlines, also a wilful defaulter.
He has also said that the overall mood of the Indian consumer remains subdued
Most analysts, who have long stopped covering UB stocks because of continuing troubles, were surprised to see a sudden spike of up to 20 per cent in their share prices on Tuesday.
The HC also offered a ray of hope to the hundreds of employees of UB-Group owned now-grounded Kingfisher Airlines, who have not been paid monthly salaries for over a year now.
Mallya and his group firms are already facing a probe by Enforcement Directorate for alleged diversion of loans taken by long-grounded Kingfisher Airlines
West Indies are two-time World T20 champions but the flamboyant Chris Gayle feels "it will be difficult" for the Caribbean islands to regain their glory days in Test cricket in the near future. One of the most dashing batsmen of his time, Gayle has two triple hundreds in the longest format with 7214 runs in 103 games. His RCB jersey no, 333, is his highest Test score. West Indies have lost their last two Test series against India (at home) and Pakistan (away).
Formula One supremo Bernie Ecclestone has dismissed talk of a new chairman trying to 'rein him in' and says he plans to continue running the company as if he owned it.
He manages to get back a majority of pledged shares.
Beleaguered businessman Vijay Mallya had made at least four trips abroad before his controversial March 2 departure since a look-out notice was issued by CBI on October 16 last to know his movements.
If the offer is accepted, banks will have to take a haircut of about 30 per cent or Rs 2,500 crore of the total receivables of over Rs 9,000 crore.
The American, who moved from US Navy to the corporate world, is considered best suited for this role because of her understanding of both production and distribution. Arnab Dutta & Viveat Susan Pinto report.
Heineken could call a shareholder meeting to vote on his ouster from a company his father built into a family empire
A crafts NGO in New Delhi is giving wings to India's first all-women puppeteer group, discovers Geetanjali Krishna.
The Survey shows fiscal consolidation despite slowdown in growth.
Some investors warned of a coming British or even global recession as sterling collapsed to hit its lowest since 1985.
Mallya has lived on the edge for long enough to know that his extradition from UK is not a given, says N Sundaresha Subramanian.
UB Holdings facing a slew of legal cases over its exposure to the loans of now-grounded Kingfisher Airlines and increasing pressure from a consortium of lenders, may be forced to seriously go ahead with the transaction this time.
After being forced to resign as chairman of MCF, Mallya is now keen on increasing his stake in the company
The usage of PET bottles by a handful of wine makers is set to take the drink to the masses, thanks to a packaging solution offered by Manjushree Technopack Ltd, a Bengaluru-based manufacturer of PET bottles and performs.
The contraction in M&A activity in India contrasts sharply with the upbeat global picture, much of it led by a reviving US economy.
It is imperative to invest in real time marketing, even at double speed.
As his personal wealth started booming, Mallya went on a buying spree.
Uncorking the business of vintage wines and spirits.
The event will be telecast on MSM's sports channels -- Sony Six and Sony Six HD in English - and Sony Aath, the network's only regional channel, in Bengali.
Few top honchos of India Inc did very well in 2014.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances