Nirav Modi, wanted in connection with the estimated $2-billion Punjab National Bank (PNB) scam case, was further remanded in custody on Tuesday by a court in London hearing India's extradition request for the diamond merchant. The 49-year-old appeared on Tuesday via videolink from Wandsworth Prison in south-west London, dressed in a maroon sweater and sporting a full beard, for his regular 28-day "call-over hearing" at Westminster Magistrates' Court, where Chief Magistrate Emma Arbuthnot extended his remand for another 28 days until December 29.
The indirect tax department on Thursday hinted that Vijay Mallya, owner of the grounded Kingfisher Airlines, may face prosecution in a service tax evasion case.
Ketholeno Kense featured alongside Ranbir Kapoor in the Vogue September cover.
India's football coach Stephen Constantine announced his preliminary squad of 38 probables for India's forthcoming back to back 2018 World Cup Preliminary Joint Qualification matches against Oman and Guam respectively.
Sebi's order comes close on the heels of Central Bureau of Investigation naming Mallya, Kingfisher Airlines and nine others, in the charge sheet related to the 2015 loan default case.
Analysts say mergers by India's airlines have not been successful so far because of their objectives: it's to either kill competition or acquire flying rights to fly international.
Usha Ananthasubramanian said the bank will leave no stone unturned to recover unpaid loans.
With airfares mounting in the last couple of weeks primarily due to cancellation of Kingfisher flights, aviation regulator DGCA on Thursday warned airlines not to raise air ticket prices beyond a given range.
A Delhi court has issued notice to liquor baron Vijay Mallya on ED's plea seeking to withdraw the exemption granted to him from personal appearance in a case for allegedly evading summons in connection with purported violation of foreign exchange rules.
An official request has been made to the CBI to get a notice issued through its Interpol wing
Shares of State Bank of India plunged sharply by over 8 per cent on Wednesday, on concerns about its exposure to Kingfisher Airlines and reports about public sector lender giving fresh loans to the debt-ridden carrier.
According to sources, the airline has requested the consortium for a working capital support of Rs 200-300 crore (Rs 2-3 billion) and individual banks are expected to take a call on this in the next few days.
Air Deccan, which was renamed Simplifly Deccan after the merger with Kingfisher last year, is now called Kingfisher Red. According to the data released by the civil aviation ministry on Thursday, IndiGo's market share is 10.3 per cent, while that of Air Deccan trailed behind at 10.2 per cent.
Says market share will further increase after induction of Boeing 787 Dreamliners and flights to new destinations.
In her latest book, How to love your body and get the body you love, Yaana Gupta talks about the insecurities she faced as a model and her struggle to come to terms with her body. Talking to rediff.com, the former Kingfisher swimsuit model reveals the dark, depressing side of the modelling industry where size zero isn't an option but rather a necessity.
In her latest book, How to love your body and get the body you love, Yaana Gupta talks about the insecurities she faced as a model and her struggle to come to terms with her body. Talking to rediff.com, the former Kingfisher swimsuit model reveals the dark, depressing side of the modelling industry where size zero isn't an option but rather a necessity.
Most of India knows Deep Sidhu as the man who planted the Sikh religious flag on Red Fort.
Beleaguered businessman Vijay Mallya on Thursday told the Supreme Court that banks have no right over the information of his overseas movable and immovable assets as he was an NRI since 1988.
Kingfisher Airlines will have to pay Rs 60 lakh daily for operating flights.
Ernst and Young, advisers to Air Sahara, had valued Air Sahara at between $750 million and $1 billion.
A UK judge presiding over the extradition proceedings of Nirav Modi on Tuesday ruled that the evidence submitted by the Indian authorities to establish a prima facie case of fraud and money laundering against the fugitive diamantaire is broadly admissible. District Judge Samuel Goozee heard the arguments for and against the admissibility of certain witness statements provided by the Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) at Westminster Magistrates' Court in London and concluded that he considered himself "bound" by the previous UK court rulings in the extradition case of former Kingfisher Airlines chief Vijay Mallya. He then adjourned the case for a two-day hearing on January 7 and 8 next year, when he will hear the final submissions in the case before he hands down his judgment a few weeks later.
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