The agreement says UB Group and Adventz will have the right of first refusal over each other's shares.
Mallya has denied that he had fled India and said he would comply with laws.
After getting Indian Oil Corporation, the nation's largest oil firm, to drop four independent directors and Engineers India Ltd to boot out two, it is now seeking to sack former Power Secretary P Uma Shankar, chartered accountant S Ravi and former BPCL Chairman R K Singh from the board of ONGC.
Mallya has lived on the edge for long enough to know that his extradition from UK is not a given, says N Sundaresha Subramanian.
Taking the Bharatiya Janata Party and its Prime Ministerial candidate Narendra Modi head on, the Communist Party of India-Marxist on Monday said their claims about riot-free Gujarat and development there were "big lies" based on "complete untruth".
US, China and Japan have no quotas for women and have had the lowest increase in female directors.
Deepak Fertiliser's promoter might offer to buy Saroj Poddar's stake.
The Survey shows fiscal consolidation despite slowdown in growth.
In the backdrop of arrest of Yasin Bhatkal, alleged founder of Indian Mujahideen, condemned convict in German Bakery blast case, Himayat Baig has approached the Bombay high court seeking reinvestigation into his case by a neutral agency or a court-appointed Special Investigation Team.
Cover inadequate for even one refinery.
Patcy N shares her mom Amey Fernandes' Pork Roast recipe.
In a blistering attack on Bharatiya Janata Party prime ministerial candidate Narendra Modi, Rahul Gandhi on Monday dubbed the Gujarat model propagated by Modi as a 'toffee model', saying it has only benefited one industrialist in the state, ignoring the interests of farmers and the poor.
India has been eyeing deeper energy ties with Iran and has already lined up $20 billion as investment in oil and gas as well as in petrochemical and fertiliser sectors there.
A look at the top posts on social media from your favourite Bollywood celebrities.
Rediff readers share their Cash Crisis experiences.
The party may announce Somen Mitra as the Lok Sabha candidate from North Kolkata whose name is set to be decided upon following intra-party elections to choose contenders -- a move initiated by the Congress vice-president to ensure transparency in ticket-distribution system. Renu Mittal reports.
'If a drone can't fly airspace without the DGCA knowing about it, how did such a big plane get airborne?' 'The DGCA knows this aircraft had undergone major repairs. Now, the question is who allowed it.' 'The DGCA cannot come out of this.'
S&P upgraded India's credit outlook to 'stable' from 'negative' earlier.
The year 2015 has seen eight accidents because of derailments.
Sebi asked to reconsider open offer nod as KFA was identified as wilful defaulter.
In the past four months, launches of luxury and super luxury cars have sped ahead of non-luxury ones.
Setting up the Darabhanga module was perhaps the easiest job the Indian Mujahideen ever pulled off. With politics, appeasement and a safe hiding ground on offer, the agencies are finding this terror module the toughest one to crack.
While going back to the old bill is only a face saver, there is little in the bill that will excite industry or the markets, says Shishir Asthana.
'I am very happy at the end of the day. 199 runs is not easy to get but yeah missing out on a double hundred obviously hurts. But I will go back home happy that I got a 199 crucial runs for my team'
Rohini Salian has claimed that the NIA had told her not to appear in the case and that she was facing pressure to go easy on the accused.
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.
Launching a scathing attack just as electioneering ends, Congress vice president Rahul Gandhi on Tuesday accused Narendra Modi of being double-faced, saying that on the one hand, he talks of Uttar Pradesh's development and then on the other, has joined hands with those who humiliate people from the state.
Hosts India would look to do an encore by putting England through another rigorous spin test when the two teams square off in the third Test starting in Mohali, on Saturday.
If they encash shares, Dutch major Heineken will emerge as single largest shareholder in the company.
Former Karnataka Chief Minister Sadananda Gowda will battle it out against Congress strongman Narayanaswamy in this IT hub constituency of Bangalore North, which is all set to vote on development, infrastructure issues. Vicky Nanjappa reports.
'The whale stranding-earthquake link is almost a certainty according to my reading.'
Tehran plans to lift exports by 500,000 barrels per day
As fitness screening for pilots after the recent Germanwings crash come under scanner, mid-term psychometric tests for pilots of Indian air carriers are being mulled by the government to detect any cockpit crew who are too mentally ill to fly.
'What one experiences is the soft scented breeze from the Kabini river and sounds of invisible insects strumming their guitars,' says Rajesh Karkera.
In what turned out to be one of the most one-sided matches in recent times, Mahendra Singh Dhoni's young side outclassed the hosts in all departments, first bowling them out for 123, their lowest total in the series, and then romping home in 21.5 overs.
It pegs the value of these companies at Rs 2 lakh crore (Rs 2 trillion).
India's imports from Iran rose to 250,200 barrels per day
After being forced to resign as chairman of MCF, Mallya is now keen on increasing his stake in the company
'You know, there's not much else happening other than the juicy murder story starring the TV mogul's trophy turned huntress wife,' says Mango Indian.
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