Diageo, the world's largest distiller, has been focusing on compliance at United Spirits Ltd (USL) after its acquisition of a controlling stake in India's largest spirits maker.
For the banking system a new cycle starts in FY2024. It's fraught with fresh challenges on asset quality and profitability, warns Tamal Bandyopadhyay.
Diageo asks Mallya to quit USL board; alleges fund diversion
Kingfisher Airlines owed Indian banks Rs 7,000 crore as of January.
The battle for the takeover of MCFL has been going on for one year.
According to the The Times, the move is a part of a drive to cut UB Group's $4 billion (2.5 billion pounds) debt.
Vijay Mallya who inherited the UB Group from his father as a young 28-year-old, said he has got "nothing to prove".
More than half of Mallya's total package for 2015 has been paid by Mendocino Brewing Company for 'promoting' the company's beer brands
The agency did not seek a reappointment in FY12.
Asked to quit United Spririts' board, Vijay Mallya struck a defiant note saying he 'intends' to continue as its Chairman.
It came as a surprise to all stakeholders - competing telecom companies (telcos), most analysts and even the government's internal projections on revenues from the 5G auctions. Reliance Jio disrupted all calculations by paying a stiff Rs 40,000 crore to buy 10 MHz of spectrum in the 700-MHz band, globally considered a key band for efficient 5G service coverage, along with the default 3.5 GHz band and the ultra-high speed and low-latency millimetre band of 26 GHz band. So what made Jio pay almost 45 per cent of its total spend in this auction for the 700 MHz band - much more than what it rustled up even for the 3.5 GHz band?
Such an exit arrangement is commonly known in the business parlance as 'golden parachute' or 'sweetheart deal'
RTI activist Anil Galgali had asked SBI about the total amount of loans given to the beleaguered businessman.
Banks are seeking an order that Mallya should appear in person before the court.
An open offer for acquisition of additional stake in a listed company can move forward only after issuance of 'observations' by Sebi.
Sebi issued final observations, necessary for the offer and the deal as a whole to go through, on May 21.
Mallya's Rajya Sabha declaration lists investments in racing, finance and investment firms.
After being forced to resign as chairman of MCF, Mallya is now keen on increasing his stake in the company
Diageo gets assurance, Heineken may seek one, too.
Infosys COO says, the firm is trying its best retain talent.
Enjoying the backing of the regulator, Gill has identified the core problems, ring-fenced the banks from "influencers" and is in the process of building a new team. Now, he needs to play a Vikram Pandit for YES Bank, says Tamal Bandyopadhyay.
The HC also offered a ray of hope to the hundreds of employees of UB-Group owned now-grounded Kingfisher Airlines, who have not been paid monthly salaries for over a year now.
To tackle the resultant inflation, the Indira Gandhi government had imposed price controls on manufactured products, including soaps and vanaspati, in 1973.
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.
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.
Sahara India needs to pay back $5.3 billion, raised from millions of small investors through the sale of bonds ruled by the Supreme Court to be illegal, before founder Subrata Roy can be released.
The company faces $3-bn payout to Econet Wireless.
Suppliers to Apple Inc are scrambling to get enough screens ready for the new iPhone 6 smartphone as the need to redesign a key component disrupted panel production ahead of next month's expected launch, supply chain sources said.
Offloading shares in ONGC, CIL, NHPC may fetch govt more than the year's target.
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!
US-based Apollo Global has picked up stake in Indian firms which are not doing that well financially.
Few top honchos of India Inc did very well in 2014.
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