The 48-year-old, who has been lodged at Wandsworth prison in south-west London, appeared via videolink from prison before district judge David Robinson. "I am told that your case is proceeding in accordance with the directions for a final hearing on 11 May," the judge told Modi, as he set the next 28-day remand hearing via videolink for February 27. Modi's extradition trial is scheduled for five days starting May 11, with the case management hearings in the case set to begin once all the evidence has been handed in to the court for the trial.
The UK government is under increasing pressure on Monday to review its COVID-19 vaccine protocol in place for travellers from India, after its updated rules effective from next month failed to recognise Indian vaccines under an expanded list of countries.
In a thread of tweets, Mallya claimed, "The airlines struggled financially partly because of high ATF prices. Kingfisher was a fab airline that faced the highest ever crude prices of $ 140/barrel. Losses mounted and that's where banks money went. I have offered to repay 100 % of the principal amount to them. Please take it."
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.
British Prime Minister Boris Johnson, who landed in Ahmedabad on Thursday morning on a two-day India visit, was accorded a grand welcome at the airport in Ahmedabad. Soon after, he visited Sabarmati Ashram in the company of Gujarat Chief Minister Bhupesh Patel.
The auto major had posted a profit of Rs 3,945.47 crore (Rs 39.45 billion) in the same period a year earlier.
While former Committee of Administrators head Vinod Rai's recently published book gives an insight into the Anil Kumble-Virat Kohli drama and Ravi Shastri's eventual appointment as Head Coach, the book also contains a sprinkling of factual errors.
Kolkata Knight Riders CEO Venky Mysore did not entirely rule out the possibility of the popular IPL franchise "evaluating" investment opportunities in England and Wales Cricket Board's ambitious franchise league 'The Hundred', which had to be shelved this year due to the coronavirus pandemic. British newspaper The Telegraph on Tuesday quoted Mysore saying that they would surely be keen to "explore" investment opportunities in The Hundred.
Vadra's interim protection from arrest was extended till April 1.
Public sector State Bank of India has hiked its interest rates on FCNR (B) deposits in GBP (Pound Sterling) up to five years as also on Euro deposits of up to two years maturity.
A large number of people had gathered on the NH 08 at Panisagar and blocked it, demanding to call off the resettlement planning of the government. The Joint Movement Committee (JMC) comprising Bengalis and local Mizos had observed five days strike from Monday on the issue and blocked NH8 Saturday.
Liquor tycoon Vijay Mallya on Friday made an urgent application before the UK High Court seeking access to millions of pounds to cover his living expenses and legal fees from funds held with the Court Funds Office as part of bankruptcy proceedings, initiated by a consortium of Indian banks led by the State Bank of India. Deputy Insolvency and Companies Court Judge Robert Schaffer declined to allow a draw down from the court-held funds of an estimated amount of around 1.5 million pounds, accrued from the sale of Mallya's French luxury property Le Grand Jardin earlier this year, until further arguments in the case. However, he did allow the release of 240,000 pounds plus VAT to cover the legal costs of a substantive hearing in the bankruptcy proceedings scheduled for next Friday.
The Board of Control for cricket in India has cleared the quarterly dues of all its centrally-contracted cricketers and vowed not to let anyone suffer despite the uncertainty triggered by the coronavirus pandemic, which has caused financial blowback in other countries. Major cricket boards like England and Australia have indicated that players will have to take pay cuts.
Vedanta Resources has huge interests in India. The promoter and majority shareholder of Vedanta Resources, Anil Agarwal, also founded Sterlite Industries.
The case relates to allegations of money laundering in the purchase of a London-based property -- located at 12, Bryanston Square -- worth 1.9 million pounds, which is allegedly owned by Vadra.
Over 600 slots at three major airports - Heathrow, Dubai and New York's JFK International - could be at stake.
British telecom giant BT has offloaded 9.1 per cent stake in Tech Mahindra for Rs 1,011.4 crore, marking its exit from the Indian IT services firm.
The diamond merchant wanted in India on charges of fraud and money laundering in the estimated $2-billion Punjab National Bank scam case, lost his legal battle against extradition as a UK judge ruled that he does have a case to answer before the Indian courts.
Special Judge Arvind Kumar also directed him not to tamper with the evidence or influence witnesses and join the investigation as and when called by the investigating officer.
Chennai-based Lakshmi Vilas Bank is set to merge with Indiabulls Housing Finance in a share-swap deal, RBI may not be comfortable with a bank owner having realty business under its wings.
Enforcement Directorate alleged that he was not cooperating and sought his custodial interrogation.
Moti has been described in UK court proceedings as a "senior member" and "top lieutenant" of D Company.
Face coverings are mandatory in communal areas and corridors at schools and colleges within areas of the country deemed at high risk of COVID-19 infections.
British Council invites applications from young Indian entrepreneurs working in the music industry to compete for the 2008 Young Music Entrepreneur award.
'We have got Brexit done and we can now take full advantage of the fantastic opportunities available to us as an independent trading nation, striking trade deals with other partners around the world,' Downing Street said in a statement.
Vodafone India, the nation's second-biggest telecom firm, is planning to invest Rs 7,100 crore in the next 2-3 years, mainly on rolling out 3G networks.
Traders are waiting for the earnings season to kick off.
In efforts to move towards a cashless society, the Reserve Bank on Wednesday said it will come out with a concept paper on promoting electronic payments, especially in smaller towns, by November-end.
In a relief to liquor baron Vijay Mallya, the high court in London has deferred hearings on a plea by the SBI-led consortium of Indian banks, seeking the indebted tycoon to be declared bankrupt to enable them recover a loan of around 1.145 billion pounds from him. Justice Michael Briggs of the insolvency division of the high court granted relief to Mallya, ruling that he should be given time till his petitions to the Supreme Court of India and his settlement proposal before the Karnataka high court be determined, allowing him time to repay his debts to the banks in full.
Vadra, on Facebook termed as "witch hunt" the Enforcement Directorate's action of attaching assets of a firm linked to him, and claimed that it showed "complete misuse of assertion of power".
Mallya claims private airlines were discriminated against by the Indian government, which bailed out state-owned Air India but did not assist his own Kingfisher Airlines and now Jet Airways.
Seasonal weakness may result in modest sequential revenue growth for large Indian IT firms in the January-March 2016 quarter, analysts said.
Boosting trade and simplifying visa regime, apart from security and defence cooperation, were among the key bilateral issues. The two leaders also discussed regional and international matters of mutual interest.
Here's how NRIs can protect their overseas earnings from exchange rate risk.
Hinduja Brothers are keen to invest in Indian Infra projects.
The Board of Control for Cricket in India has expressed its reservations with the International Cricket Council's decision to earmark a budget of $135 million (approx) as the organisational cost for Champions Trophy scheduled in the United Kingdom from June 1-18, next year.
Infosys had guided for a revenue growth in the range of 11.5-13.5%, which has now been lowered to 10-12%.
Here's this week of photos that prove we live in a mad world.
The ED's fresh chargesheet against Mallya and his firms is likely to pave the way for him to be declared "fugitive" under a new Indian law.
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