Banks are seeking an order that Mallya should appear in person before the court.
While the Hinduja brothers - Gopichand, Prakash, and Ashok Hinduja - did not indicate any move to begin talks with Vinoo Hinduja, top Indian lawyers said mediation would help both sides considering that the letter signed by the four brothers cannot trump other legal documents and challenge the validity of a registered will of SP Hinduja.
The five-day extradition trial of fugitive diamond merchant Nirav Modi will begin from May 11 in a part-remote setting, a UK court has ordered. Modi is fighting his extradition to India over the nearly USD 2 billion Punjab National Bank (PNB) fraud and money laundering case.
'Rather than cutting and pasting from advanced economies, we should use basic economic principles to think about what is right for India at the stage of development at which we are,' says Chief Economic Advisor Krishnamurthy Subramanian.
Nelson Mandela, the hero of South Africa's struggle to end apartheid and establish democracy, is being honoured in a new visitor attraction on London's South Bank. Mandela: The Official Exhibition traces the story of the 20th century's most iconic freedom fighter and political leader through previously unseen film clips and photographs. It includes artefacts such as one of his hand-printed batik shirts and the ceremonial headdress awarded to Mandela upon his release from prison in 1990. The exhibition is designed to tour the world: after closing in London in June it will go to Paris. Here's a glimpse of what you can expect at the exhibit.
'Normally, the system is geared towards counting notes -- it is equipped to do x amount of work and one day you are asking them to do 20 x.' 'The processes involved are very complex.'
First-round singles losers at this year's Wimbledon championships will receive 27,000 pounds ($45,400) prize money as organisers continue to help the sport's lesser lights make ends meet.
Pace legend Glenn McGrath, who has often predicted results of Australia's Test rubbers, forecast yet another 5-0 clean sweep by his country against England in the upcoming Ashes series.
Vijay Mallya who inherited the UB Group from his father as a young 28-year-old, said he has got "nothing to prove".
Belgians tasted bitterness in their beer on Tuesday after their dreams of a first World Cup final were ended by the narrowest of margins by their bigger French neighbours.
Rajan said he believes that capitalism is breaking down because it is not providing equal opportunities.
Mallya said the allegations of money laundering and stealing money against him are 'completely false'.
Cricket teams have previously abandoned tours amid outbreaks of violence.
A leave vote means the future of Britain's financial services industry is now hanging in the balance.
Jaydev Unadkat was the most expensive purchase to continue his good run at the auction.
My captain no more, but will always be with me, says Sunil Gavaskar
The dollar index was trading lower by 0.03 per cent against its major global rivals today.
The task force will look at emerging markets, technology, regulatory and monetary policies, loss of trust in financial services, and financial inclusion.
The off-spinner said he wants to play all the four games for Worcestershire even though he might get called up for the forthcoming One-Day International series against Australia next month.
A 'chance meeting' with Pullela Gopichand near an auditorium lift was enough for Manasi Joshi to convince the national coach of her burning desire to become a world champion.
Ola, which is now present in seven cities in the UK, said its easy-to-use app would transform commuting experiences in these areas providing the community with greater travel choice as well as quicker and easier access to cabs.
Managing Brexit, inflation and banking reforms, along with the political environment, will be tough.
Modi appeared for his regular 28-day "call-over" appearance from London's Wandsworth prison at Westminster magistrates' court, where judge Gareth Branston reconfirmed that his extradition trial will begin on May 11 next year and will last five days.
France began dreaming of World Cup glory after a two-decade wait after Les Bleus on Tuesday defeated Belgium to reach the final
Why strategic initiatives should be taken based more on a vision and entrepreneurial "gut-based" decision process in India, writes Arvind Singhal
China to remain the largest market, say analysts.
The pound lost as much as 2 per cent, a fall not seen since early 2009
Foreign capital inflows also boosted the rupee value against the dollar
For the Eagles, who previously lost title games in 1981 and 2005, the win capped a remarkable late-season charge that most observers considered unthinkable when starting quarterback Carson Wentz suffered a season-ending injury in December.
The 34-year-old replaced Iftikhar Ahmed, who managed only 44 runs in four innings in the recent tour of Australia where Pakistan lost both Tests.
The favourites to win next year's World Cup in Russia were given navigable paths to the last 16 with the coaches of Germany, Brazil, Argentina and Spain having reason to feel reasonably optimistic after Friday's draw.
The bank (Williams & Glyn's), which was dormant for about 30 years, is being revived by UK-based lender the Royal Bank of Scotland Group Plc.
There are a number of factors that helped India remain relatively unscathed. Some of them are to do with RBI and some of them are to do with the Indian economy.
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
Announcing his resignation, the British PM said, "The British people have made a very clear decision to take a different path and as such I think the country requires fresh leadership to take it in this direction."
While it is difficult to put a number on how much the impact on the ad sales tally could be, it is quite possible the broadcaster will not be able to make its Rs 2-billion target, says Urvi Malvania.
Here's the full text of the statement
Brexit will likely put brakes on the UK's growth prospects.
The Indian rupee on Thursday appreciated by 12 paise to end at 66.71.
Dale Steyn is determined to make next year's World Cup his limited overs swansong and thinks his experience could make a big difference to South Africa's otherwise raw white ball pace attack.
