The carrier had planned a GDR issue in December last year to reduce its debt but had failed to do so as its stock prices began slumping.
Purnendu Maji and Srinivas Bhogle present the most valuable players in IPL-4.
According to the The Times, the move is a part of a drive to cut UB Group's $4 billion (2.5 billion pounds) debt.
Mallya left the country on March 2 and has had his passport revoked.
A UK court hearing an urgent application on Monday refused to sanction the release of substantial sums held with the Court Funds Office (CFO) as part of bankruptcy proceedings being pursued against liquor tycoon Vijay Mallya by a consortium of Indian banks, led by the State Bank of India (SBI).
Vijay Mallya, promoter of debt-ridden Kingfisher Airlines, would have his stake falling a little below 50 per cent in the company, if a comprehensive debt restructuring is approved by the shareholders on December 20. On a fully diluted basis, it will drop by little over 16 per cent from the current 66 per cent.
Protesting against the government efforts to reduce high prices charged by airlines on tickets booked at short-term notice, Kingfisher Airlines promoter Vijay Mallya on Monday said that airfares should not be capped by the regulatory authorities, whether it is in upper or lower band.
Fifteen candidates in the recently concluded elections to the Rajya Sabha have pending criminal cases against them, of which six of them have serious charges, a report by the Association of Democaratic Reforms and National Election Watch has stated.
A formal agreement was signed by liquor baron and Kingfisher chief Vijay Mallya and the top officers of all the 12 'oneworld' partner airlines, after a team of the global alliance visited Delhi and Mumbai, completed a safety audit and set in motion the process through which the Indian carrier would become full-fledged member of the global partnership.
FIIs' stake in Naresh Goyal-owned Jet Airways stood at 7.10 per cent during the three months through September, compared to 6.38 per cent during the first quarter of this financial year.
Beleaguered Lalit Modi on Monday found support from Royal Challengers Bangalore (RCB) owner Vijay Mallya, who credited the IPL commissioner for the cash-awash Twenty20 league's mind-boggling success. Throwing his weight behind Modi, Mallya said IPL owes its success to Modi and also wondered at the hue and cry raised over trans-border transaction by some of the IPL franchisees.
Kingfisher Airlines may cut jobs, UB group chairman and CEO Vijay Mallya said on Thursday.
Force India has launched its 2011 car, the VJM-04, which will carry the hopes of Adrian Sutil, British rookie Paul di Resta and test driver Nico Hulkenberg in the coming Formula One season. The team finished seventh in the constructors standings in 2010 -- its best-ever finish -- and chairman and team principal Vijay Mallya is expecting even better results in 2011.
His debt woes may continue and losses double, but the King of Good Times was clearly in a defiant mood at a press meet in a packed venue in a suburban hotel in Mumbai on Tuesday.
The alleged hacking of liquor baron Vijay Mallya's website by the Pakistan Cyber Army only goes on to show that cyber war between the two counties is on the rise, reports Vicky Nanjappa.
The board of directors of the company have approved that the funds be raised through various instruments.
Force India co-owner Vijay Mallya has defended his decision of not having an Indian driver in his Formula One team.
In a series of tweets reacting to banks led by State Bank of India taking over management control of troubled Jet Airways, Mallya said, "...Only wish the same was done for Kingfisher".
Vijay Mallya-promoted Kingfisher Airlines has turned second time lucky; the state-run Bharat Petroleum Corporation (BPCL) has granted it a three-month reprieve to pay jet fuel dues. KFA owes BPCL Rs 220 crore (after adjustment of interest) for fuel dues.
Kingfisher Airlines had moved the Supreme Court against a probe into its two-year-old strategic alliance with Jet Airways.
New Delhi, 7 August A strike call and its withdrawal proved an embarrassment for a former senior aviation bureaucrat.
A brewer, a sugar baron and a cement maker are among the most influential people in Indian sport, according to a recent power list, elbowing out some of the country's biggest sports stars themselves. What's more, the power brokers not only make the rules in India but are also wielding greater influence abroad, from cricket pitches to Formula One tracks, according to Sports Illustrated India.
Maintaining that civil aviation flew thousands of tonnes of equipment and passengers across the country on a daily basis, he said grant of infrastructure status would help the industry in its dealings with the RBI as well as the commercial banks, both in the private and public sectors. On Kingfisher's global plan, Mallya said the airline would launch services to Hong Kong and Singapore as soon as its aircraft were ready.
Liquor baron Vijay Mallya on Wednesday met Oil Secretary S Sundareshan to discuss defaults by his group firm Kingfisher Airlines on payment of jet fuel bills, but did not say when he will clear the outstanding of Rs 176 crore (Rs 1.76 bilion).
Force India Chairman Vijay Mallya is expecting both Adrian Sutil and Vitantonio Liuzzi to be among points in Sunday's British Grand Prix and reckons a podium finish is possible in Spa and Monza.
KFA owes BPCL Rs 220 crore or Rs 2.2 billion (after adjustment of interest).
In an SEC filing dating back to 1997, he figures as "J Vallabh".
Even though both the drivers finished inside the top 10 Force India chairman Vijay Mallya said he had expected the Canadian Grand Prix to yield more points for the Silverstone-based outfit.
Hot models, celebrities and sunglasses -- here's a look at the launch of the Kingfisher Calendar 2010.
Flight operations from Mumbai, which has been hit by worst-ever terror attack, largely remained unaffected, except for cancellation of five services by four international airlines.
Heineken, among the world's top brewing firms, had been in protracted negotiations with UB, India's largest brewing firm and owned by billionaire Vijay Mallya. However, according to UB sources, Heineken is understood to have now agreed to bring Asia Pacific Breweries' India operations into the UB fold, thus ending the year-long impasse.
Having an Indian driver in Force India just for the sake of it would have been counter-productive for the Silverstone-based outfit, said Formula One supremo Bernie Ecclestone.
More than a year after joining hands with Kingfisher Airlines, Jet Airways is still in talks with the Vijay Mallya-led carrier for code sharing and other initiatives to achieve operational synergies and reduce costs.
CBI Jt. Director, A K Sharma, weakened Mallya's "Look Out" notice, says Rahul.
Royal Challenger Bangalore owner Vijay Mallya on Saturday threw his weight behind beleaguered Lalit Modi, and said the Indian Premier League commissioner should be given a chance to defend himself in the wake of the raging controversy.
Punters have been given the opportunity to bet online on the semi-finals being played at Mumbai on a website owned by IPL's official digital media parter Global Cricket Ventures.
He still owes hundreds of crores to OMCs.
'It isn't as if I have any emotional ups and downs. I have done absolutely nothing wrong. In fact I am glad that it is finally before a UK court and an impartial court. So we wait and see how it plays out' 'If you look at my role in the team, there's nothing for me to miss. I am participating in all the decision-making and I've got a virtual pit wall at home. I miss being around but I'm also happy in my space. My time will come and I'll go back to the tracks'
The data of the director general of civil aviation, which publishes monthly data on registration, deregistration and change of ownership of the aircraft, showed that in December 2008, Kingfisher returned six Airbus and one ATR aircraft to the lessors.
Mexican Sergio Perez will race for Force India next season, the British-based Formula One team announced on Thursday.
