John Beard, a former chief executive of Bacardi Brown Forman, replaces Ashwin Malik, who has led the Glasgow-based company since its takeover.
Harsh Jain, founder of Dream11, a portal offering world's first fantasy cricket game dwells on his entrepreneurial experience.
Chennai-based Indian driver Karun Chandhok is getting ready to try Force India's driver simulator and is confident of proving his mettle for a Formula One debut next year.
Mahatma Gandhi's items, including his pocket watch, a pair of sandals, a plate, a bowl and his rimmed glasses, were sold at an auction by New York-based Antiquorum Auctioneers on Thursday. UB Group Chairman Vijay Mallya reportedly bought the items for $1.8 million.Preliminary reports suggested that Mallya may hand over the items to the Indian government.
The star couple met on the sets of Danny Boyle's Slumdog Millionaire.
Force India should have chosen an Indian driver to replace Giancarlo Fisichella when the Italian switched to Ferrari to help boost the build up for the nation's inaugural grand prix in 2011, Bernie Ecclestone has said.
The VJM02 will remain the same blindingly fast car, with or without Giancarlo Fisichella, and Adrian Sutil is good enough to score points in the remaining five races of the 2009 season, said Force India chairman Vijay Mallya.
Force India chairman Vijay Mallya says his team's maiden podium finish in the Belgian Grand Prix ranks alongside Royal Challengers Bangalore's final appearance in the Indian Premier League II as two of his best sporting moments.
Low-cost carrier Deccan and Vijay Mallya-led Kingfisher Airlines on Wednesday decided to merge and create a single corporate entity to cut down operational costs and accelerate their journey to profitability.
If the absconding jeweller is traced in Britain, the extradition request to the UK government could follow a similar course as the case of embattled liquor tycoon Vijay Mallya
Here's everything you need to know about Barrack 12 at Arthur Road jail, where Mallya may be lodged As we await the next move, here's everything you want and need to know about Barrack 12 at Arthur Road Jail.
Sources said India expects forward movement in Mallya's extradition from the United Kingdom following the talks.
Although a merger with low-cost carrier SpiceJet would have made the Kingfisher-Deccan combine the largest carrier in Indian skies, it would have put a huge burden on the Vijay Mallya-controlled carrier's financials, feel experts. SpiceJet's losses have almost doubled to Rs 133 crore (Rs 1.33 billion) this year -- of which Rs 123 crore (Rs 1.23 billion) were incurred in the March quarter -- as compared with last year.
Vijay Mallya-owned Force India named 23-year-old Scot Paul di Resta as its test and reserve driver for the 2010 Formula One World Championship. Di Resta, who outshone his American opponent JR Hildebrand in the young driver test at Jerez in December, was unveiled on Tuesday at the Glasgow headquarters of Force India's principal sponsors Whyte & Mackay.
Bajaj also said that bank officials, who give loan on the basis of the just brand of a company, were 'either corrupt or highly inefficient'
Ranibai Rajaram Chhabria, mother of late Manohar Rajaram Chhabria, has challenged the merger of Shaw Wallace with the UB Group saying she was entitled to a fifth of her deceased son's estate.
Low cost carriers have 55 per cent of the market, up from 45 per cent in Q1 last year, and 30 per cent two years back. Does it mean India really is an LCC market? The performance of the airlines also seem to suggest that. While budget carrier Spicejet announced a small profit for Q1, all the big boys in the industry seem to be in trouble.
The Vijay Mallya-promoted private airline also reported a decline in its income from operations at Rs 1,352.45 crore (Rs 13.52 billion) for the December quarter, from Rs 1,447.83 crore (Rs 14.47 billion) in the same period previous fiscal.
UB Group stocks, led by United Breweries Holdings Ltd, on Monday slumped by up to 5.3 per cent as trouble mounted for Vijay Mallya.
Bharti Airtel and United Breweries have expressed interest in acquiring, respectively, the Delhi and Bangalore or Mumbai teams in the impending Indian Premier League for Twenty20 cricket matches.
With a whopping Rs 303.15 crore profit they earned in the year 2007-08, the Indian cricket Board (BCCI) tops the SportzPower Money List rankings for being the most influential sports entity. The rankings have been made on the basis of the entities' financial clout and their influences on sporting arena.
The Silver Jubilee celebrations of the historic 1983 World Cup win will kick-off on Sunday with the re-union of the champion team members for a series of programmes, including a grand felicitation by the BCCI. The BCCI will felicitate the heroes of the nation, who had grounded the mighty West Indies to clinch the coveted Cup at Lord's on June 25 in 1983.
In a filing to the Bombay Stock Exchange, the Vijay Mallya-led firm said its board would meet on July 28 to 'consider issue of further share capital up to Rs 500 crore and matters consequential thereto'.
He is part of an unenviable list of MPs who have been expelled from Rajya Sabha.
He was also the chief financial officer of Kingfisher Airlines.
Deepika Padukone, who made her Bollywood debut with Om Shanti Om last year, will lead the annual India Day parade in New York on August 17.
Kingfisher Airlines' plans to raise $400 million are on track and private equity players have showed keen interest in investing in the airline, its chairman Vijay Mallya said on Friday after the annual general meeting in Bangalore.
Kingfisher pays 37 per cent higher premium while Air India defers renewal. "The Air France crash is expected to provide a $600-$700 million hit (to global insurance companies), which is 40 per cent of the total premium collected, and therefore hardening of reinsurance rates was evident. We had seen prices go up from $2 billion to $4 billion after the 9/11 attacks (in the US)," said ICICI Lombard Reinsurance Head Rajiv Kumaraswamy.
There has been speculation within Formula One that Lawrence Stroll, the billionaire father of Canadian driver Lance, is willing to invest in Force India as part of a move for his son from Williams.
Ending an almost two-year-long dispute over partnership with the Vijay-Mallya owned United Breweries Ltd, Heineken NV, the world's third-largest brewery firm, on Monday agreed to permit UBL to brew and market the Heineken brand in India.
Succumbing to government pressure, Vijay Mallya-promoted Kingfisher Airlines on Monday decided to cut fares, but with the condition that the government put aviation turbine fuel in the declared goods category. Kingfisher has also assured that it would not resort to retrenchments to deal with the downturn.
The Force India Formula One team named Germany's Adrian Sutil and Italian Vitantonio Liuzzi on Friday in a 2010 line-up unchanged from the one that finished the season.
IndiGo and Paramount Airways managed to register profit during the last fiscal.
Two years after selling his budget carrier, Air Deccan to Vijay Mallya-owned Kingfisher Airlines, its former chairman Captain G R Gopinath, still harbours a dream to return to the low-cost airline segment, which he pioneered in the country.
Vijay Mallya-promoted Kingfisher Airlines today said it had slashed salaries of its trainee pilots 'significantly'.
At the EBIDTA level domestic operations showed an operating loss of Rs 178 crore.
It had been an extraordinary tale of misfortune, podium, pole and bloopers for Force India and the born-again outfit now wants to sign off with some more points in the season-ending Abu Dhabi Grand Prix in Abu Dhabi on Sunday.
Though private airports did not spell out the exact sum owed by Kingfisher, in strict confidentiality one of the private airport operators confirmed that the airline was the biggest defaulter with them. Airport charges include landing, parking, terminal and route navigation levy. Though AAI has enforceable bank guarantees, private airport operators do not have this facility.
Reader Hardeep Singh sends us a photograph.
Close on the heels of about a dozen pilots quitting Kingfisher Airlines, 12 more have put in their papers at the Vijay Mallya-owned air carrier.
