After being forced to resign as chairman of MCF, Mallya is now keen on increasing his stake in the company
In a ruling in May, a UK high court judge had refused to overturn a worldwide order freezing Mallya's assets and upheld an Indian court's ruling that the consortium of 13 Indian banks were entitled to recover funds amounting to nearly 1.145 billion pounds.
Following the October 24 Supreme Court order, the department of telecom estimated that the total liability of 15 telecom companies, including penalties and interest, would be Rs 1.47 lakh crore.
It was a case of 'buy on hopes and sell on news' as the Indian market posted only modest gains despite a landslide victory to Narendra Modi-led Bharatiya Janata Party (BJP).
Although the pricing for the IPO is yet to be finalised, people in the know said the band could be Rs 275-300
Prospective bidders had earlier termed the reserve price as too high, while multiple legal woes of Mallya-led UB Group are also being cited by many as reasons for lack of interest in buying this property
If the rupee falls further, it would negatively impact the dollar-based returns of foreign investors, and could influence foreign flows into India.
The IPO is expected to bring handsome fees for the selected banks at a time when billion-dollar listings have become scarce
'It is surprising and unfortunate that unfounded allegations are now being made without any reference to me whatsoever,' Vijay Mallya said.
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.
These transactions have come for shareholders approval because of requirements under the new companies law and amended listing agreements.
This measure will ensure that the price of a scrip cannot move upward or downward beyond a limit set for the day.
An estimated $344 billion has been illegally removed from the Indian economy between 2002 and 2011
Stakeholders' Empowerment Services (SES) has advised Diageo to renege on its deal with United Spirits (USL) chairman Vijay Mallya.
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.
The cost of luring buyers and sellers to its platform means the new funds won't last long.
Sebi asked to reconsider open offer nod as KFA was identified as wilful defaulter.
India has reached a significant milestone on Friday (November 28) by achieving Rs 100 lakh crore or 100 trillion market cap.
The assets mentioned in the Sebi order are already in possession of the ED for violation of an anti-money laundering law by Mallya and PMLA overrides all other laws, providing ED first right over the assets.
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.
Few top honchos of India Inc did very well in 2014.
New stars emerged on the horizon in Shubhankar Sharma and Ajeetesh Sandhu even as familiar faces strengthened their stranglehold by picking up their own set of titles in a season of new highs for Indian golf.
Mallya is a fugitive from justice in India, Attorney General Mukul Rohatgi told the Supreme Court.
The policymaker said the RBI had not reached the point where specific actions were under consideration.
The long-delayed and much-awaited $2.3 billion aircraft carrier INS Vikramaditya was on Saturday inducted into the Indian Navy in Severodvinsk, Russia, in a strategic boost to India's maritime warfare capabilities.
ED had earlier issued summons to Mallya for "personal appearance" on March 18 under the provisions of the Prevention of Money Laundering Act (PMLA).
A summary of sports events and sports persons, who made news on Saturday
'I have been most pained at being painted as an absconder'.
Airbus recently bagged large orders from Indian airlines such as Indigo and Go Air.
Banks are seeking an order that Mallya should appear in person before the court.
USL board said its second forensic audit by EY has revealed fund diversion worth Rs 1,225 cr to Mallya companies.
In an SEC filing dating back to 1997, he figures as "J Vallabh".
Be a disciplined investor for attractive returns, says fund managers.
The markets will remain choppy ahead of RBI policy.
Soon after acquiring strategic management control of Vijay Mallya's crown jewel, United Spirits, Diageo has swung into action, making up for years of lost time in trying to figure out the Indian market.
Mallya has lived on the edge for long enough to know that his extradition from UK is not a given, says N Sundaresha Subramanian.
A section of analysts feel now may not be a bad time to buy select PSBs.
Sebi will join RBI and the government in their fight against bad loans.
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
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