Although industry analysts are welcoming Kingfisher Airlines' stake acquisition in Air Deccan as the right move towards consolidation
The services of Kingfisher can be restored only after the DGCA is convinced that the carrier can provide safe and sustainable operations.
Vijay Mallya remembers the raised eyebrows that greeted his decision to retain Vitantonio Liuzzi as the race driver for the 2010 season and the Force India chairman is now pleased as punch after the Italian lived up to expectations within the first two races this year.
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.
ED has submitted a chart of total $60.54 million received by the firms directly or indirectly owned by Talwar between April 23, 2008 to February 6, 2009.
The Debt Recovery Tribunal (DRT) on Tuesday directed Diageo Plc not to disburse $40 million of the $75 million sweetheart deal to him.
At a 'Khaat Sabha' in Sant Kabirnagar district on Wednesday, Rahul referred to the incident of locals taking away the cots brought for the meeting, saying, "Our opponents see farmers as poor persons but I always feel that farmers are the real power of Hindustan."
'How long can you lead a life like this?'
The industrialist has joined JD(S) leader S R Bommai to for a new party.
The Enforcement Directorate had asked for financial details from both public and private sector banks and a part of these details were submitted last week
Force India boss Vijay Mallya says his partnership with the Formula 1 team's co-owner Subrata Roy stands strong despite the Sahara Group chief being in jail since March 2014.
Kingfisher Airlines CEO Vijay Mallya says given the sheer size of the country's booming economy, India should be on the Formula One calendar.
The government's stated position is that it cannot tailor a bailout package for Kingfisher Airlines alone.
Mallya recently acquired 26 percent stake in the country's largest budget airline, Air Deccan.
Mallya and his group firms are already facing a probe by Enforcement Directorate for alleged diversion of loans taken by long-grounded Kingfisher Airlines
Force India principal and co-owner Vijay Mallya has silenced any further talk of a Formula One boycott, saying his team never intended to do anything other than race.
The message was given to the airline's CEO, Sanjay Aggarwal, at a meeting here on Wednesay.
Adrian Sutil could be in the frame for a return to Force India and Formula One if fellow-German Nico Hulkenberg moves to Sauber next season, according to team co-owner Vijay Mallya.
There is more worry for Vijay Mallya, battling many a fire. Even as his Kingfisher Airlines struggles to hold itself, another of his major companies, United Spirits, has had a setback in its legal battle against his arch rival, Kishore Chhabria.
Mallya has been contending that he is the rightful owner of 'Officers Choice' and not Chhabria who currently owns it under his company Allied Blenders and Distillers.
Firms he controls earn 4.5 per cent of UB Group's revenue.
Two months before its maiden overseas flight was to take off, billionaire Vijay Mallya's Kingfisher Airlines has decided to rethink its whole strategy of flying abroad. "Due to the increase in crude oil prices and no signs of stability in the market, we are re-evaluating all our plans for international operations, keeping in mind costs and route network," Kingfisher Airlines executive vice-president Hitesh Patel said in reply to a questionnaire.
Vijay Mallya has been burdened for the past three years with debt at United Spirits spiralling and Kingfisher Airlines, well, on a downward spiral.
Sahara Force India team principal Vijay Mallya, on Thursday, refused to reveal whether he will retain Adrian Sutil for the next season but said he would convey his decision to the German driver whenever he wants.
"India's global image has taken a beating," Mallya said on the social networking platform Twitter.
Force India's co-owner Vijay Mallya has rubbished speculation that he is planning to sell his stake in the Formula One team to Sahara India.
After razing his ancestral bungalow, housed in an expansive 4.5-acres of prime location in the central business district of Bangalore, Mallya's attempt to unlock value in the land by building the luxury KingfisherTowers has been stalled.
UB Group Chairman Vijay Mallya has turned down suggestions from banks that he should give a personal guarantee as a precondition for additional funding to the cash-strapped Kingfisher Airlines.
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Justice Ram Mohan Reddy asked Mallya to appear in court and bring along his passport.
USL is already contesting a Karnataka High Court order.
Several of his lenders have a lot to answer for.
At the beginning of this year, his stake in the airline stood at 30.14%.
Chief Magistrate Emma Louise Arbuthnot granted him bail till December 4.
Liquor-baron Vijay Mallya today virtually asked the Gujarat government to lift prohibition in force in the state.
Getting his bruised Kingfisher Airlines ready for that auspicious occasion is the least of his worries, as Mallya is scrambling to find an equity partner to keep his Kingfisher aloft.
Diageo asks Mallya to quit USL board; alleges fund diversion
Katrina Kaif is the latest Bollywood star to join the list of celebrities endorsing the various Indian Premiere League cricket teams. She will support Vijay Mallya's team. "Katrina is the face of Mallya's cricket team, not a brand ambassador to his Royal Challenge products," clarified a source close to the actress.
Most analysts, who have long stopped covering UB stocks because of continuing troubles, were surprised to see a sudden spike of up to 20 per cent in their share prices on Tuesday.
Indian drinks and aviation tycoon Vijay Mallya plans to gather his Formula One, cricket and soccer interests into one company and float it on the Mumbai stock exchange early next year. As well as his Formula One team, Mallya owns the Royal Challengers Bangalore cricket team in the Indian Premier League (IPL) and has 50 percent stakes in Kolkata-based Mohun Bagan and East Bengal soccer clubs.
