Few top honchos of India Inc did very well in 2014.
USL board said its second forensic audit by EY has revealed fund diversion worth Rs 1,225 cr to Mallya companies.
Zee Entertainment last week witnessed shareholder activism that saw an open call for the ouster of promoters and the incumbent management led by Punit Goenka. Besides, Dish TV also faced a similar call earlier this month. The trouble at Zee Entertainment can be gauged from the fact that this is a unique company wherein the promoters own just 3.99 per cent, but fully control the firm.
.jpg)
Banks, real estate and metal scrips among the top losers.
'Civil matters like loan recovery are being connected with criminal allegations, without any basis.'
Company has submitted before the court that the plaintiff is attempting to attach property that falls outside of the jurisdiction of the court
LIC owns 3.69 per cent of the total listed universe based on available disclosures, the lowest since at least June 2009.
Speaking to reporters Mallya said, "It will all become clear in court".
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."
The Survey shows fiscal consolidation despite slowdown in growth.
To tackle the resultant inflation, the Indira Gandhi government had imposed price controls on manufactured products, including soaps and vanaspati, in 1973.
Several high profile companies are burdened with losses, mounting debt and have a huge load of operational costs.
Banks are seeking an order that Mallya should appear in person before the court.
Foreign banks were ahead in terms of technology, but that is no longer the case as Indian private banks steal the innovation march.
In a relief to Sahara, a US court has rejected a plea seeking to attach the Indian group's prized Plaza and Dream Downtown hotels.
The broader markets also ended lower in line with the benchmark indices
Has Make in India's mascot, the metal lion, begun to rust?
These exist in a unique world of by-invitation-only properties -- those that are never advertised and which money alone cannot buy. One cannot simply walk in for a tour of these apartments. A buyer must first meet the developer's targeted social criteria to get invited for a walkthrough of the property.
The spike at private sector lenders like ICICI Bank and Axis Bank follows a push to grab market share from India's dominant state banks.
'I have been most pained at being painted as an absconder'.
Sebi will join RBI and the government in their fight against bad loans.
The event will be telecast on MSM's sports channels -- Sony Six and Sony Six HD in English - and Sony Aath, the network's only regional channel, in Bengali.
The company plans to overhaul business and rationalise costs in a bid to reach parent Unilever's new profit targets, reports Viveat Susan Pinto.
US-based Apollo Global has picked up stake in Indian firms which are not doing that well financially.
India's latest GDP numbers do not signal robust economic growth in near term.
Despite all the controversies, the IPL's brand value hasn't diminished. Instead, says Harish Kotian/Rediff.com, the IPL made the BCCI richer by over Rs 3 billion!
With their net debt estimated at Rs 1.15 trillion, the merged entity will not be in much of a position to dole out freebies, says Romita Majumdar.
Search is on for reliable indicators of underlying activity.
India's five leading wilful defaulters are Winsome Diamonds & Jewellery Ltd and associate Forever Precious Jewellery & Diamonds, Zoom Developers, Kingfisher Airlines, Beta Naphthol and Raza Textiles
Reliance joins a number of large companies, including the Essar and Adani groups, which are raising loans abroad as interest rates in India remain high.
Top 10 cities in the JLL index are Bengaluru, Ho Chi Minh City, Silicon Valley, Shanghai, Hyderabad, London, Austin, Hanoi, Boston and Nairobi.
Dr Ravi Prakash's 250 vintage car collection includes J R D Tata's 1940 Buick Limousine and a Sunbeam-Talbot used by Lord Mountbatten.
The cost of luring buyers and sellers to its platform means the new funds won't last long.
India has reached a significant milestone on Friday (November 28) by achieving Rs 100 lakh crore or 100 trillion market cap.
Those scheduled to attend the five-day WEF Annual meeting, beginning January 21, include more than 40 heads of state or government, including those from the UK, Australia, Japan, Iran, Israel, Pakistan, Brazil, Italy, Mauritius, Republic of Korea and Switzerland, WEF announced on Wednesday at a press conference in Geneva.
The IPO is expected to bring handsome fees for the selected banks at a time when billion-dollar listings have become scarce
These include Goldman Sachs, HSBC, UBS, Deutsche Bank, Barclays, RBS, Citigroup and JP Morgan and they have said in their respective regulatory filings that they are cooperating with the relevant authorities in the investigations.
As his personal wealth started booming, Mallya went on a buying spree.
This measure will ensure that the price of a scrip cannot move upward or downward beyond a limit set for the day.
