Company has submitted before the court that the plaintiff is attempting to attach property that falls outside of the jurisdiction of the court
The UB Group, which has interests in spirits, aviation and pharmaceuticals, is contemplating entering the organised retail sector leveraging on its Kingfisher brand name.
Mallya holds a 32.86 per cent stake in United Breweries, after having ceded control to Dutch brewer Heineken in December last year.
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.
Indian reserves stood at $343 billion at the end of March 2015.
The Securities Appellate Tribunal chief Justice Kumar Rajaratnam has resigned amid controversy over the UBS Securities case relating to the stock market crash last year.
While some argue there is more upside left, others suggest valuations might have run up far ahead of fundamentals.
'We are overweight on India, as it is one of the best in emerging markets (EMs)'
Kingfisher has faced lawsuits from GMR and GVK-group run airports and also faced cases of cheque bouncing.
Experts say, investors will be better off exiting them at higher levels and investing in stocks of fundamentally sound companies.
UB Group's Kingfisher Airlines, which is scheduled to launch domestic operations from April next, would sign a deal with European aircraft manufacturer Airbus Industries for supply of 14 aircraft in Mumbai on December 18.
The parent entity, (Holdings) Ltd, have also expressed concern over the company's significant exposure to the airline.
Vijay Mallya, the embattled chairman of the UB Group, is not likely to be immediately named a wilful defaulter by the United Bank of India.
India accounted for a meagre 5.1 per cent of merger and acquisition (M&A) deals among emerging countries in the first nine months this year, the lowest in the BRIC (Brazil, Russia, India and China) nations.
How many hours of work does it take to buy a half a litre of beer at a retail outlet?
SBI has hired six global giants -- Citigroup, UBS, Barclays Bank, Deutsche Bank, Bank of America Merrill Lynch and JP Morgan -- for the sale of dollar-denominated bonds, they added.
India golfer SSP Chawrasia forged a two-shot lead at the Hong Kong Open on Friday, overcoming buffeting winds to card a four-under-par 66 in the second round at Fanling.
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.
Most brokerages have maintained their Sensex and Nifty targets as they believe there is little room for further re-rating in the backdrop of weak earnings.
Mallya will now be the Founder Emeritus of USL
The parent company, UB Group, is willing to pump in money.
Confirming the sale, senior executives of public-sector banks said there was no court directive yet to stop selling shares.
Aviation Minister said that the UB group did not say they are going to give money to the ailing airline.
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.
Deepak Fertilizers plans to revise open offer price to beat Mallya-Poddar efforts
Anil Ambani has interests in power, telecom and other infrastructure sectors.
Chief Operating Officer UB Pravin Rao said the company will be back to historic performance levels in a couple of years.
Things appear to be going from bad to worse for Vijay Mallya, once known as 'King of Good Times', with the board of a company he nurtured into India's largest liquor maker asking him to quit.
Mallya intends to protect his shareholding in India's largest brewer in which Dutch brewer Heineken holds 37.5% stake.
Ashishkumar Chauhan says that the exchange is seeking a valuation of about $1 billion.
Local businesses are fretting over reform setbacks.
Any market correction, analysts say, would be an attractive entry point for risky assets, which should do well over the medium-to-long term.
In a conversation with Vishal Chhabria and Hamsini Karthik, Gautam Chhaochharia, executive director & head, India Research, UBS, explains why implementing goods and services tax (GST) may not be as disruptive as many perceive it to be. But, he warns investors shouldn't have high expectations on corporate earnings.
As a multi-disciplinary organisation, SFIO probes cases of financial frauds that are referred to it by Corporate Affairs Ministry
India's macroeconomic environment is improving, but it is still not past the point where it can ignore the developments in the global markets
After hearing Kingfisher's plea, the COMPAT observed that the CCI had acted beyond its scope in the matter and set aside the penalty.
Indian golfer Jyoti Randhawa opened strongly with a two-under 68 to be placed at tied 17th after the first round of UBS Hong Kong Open at the Hong Kong Golf club on Thursday.
