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.
Global IT firms seeing dearth of talent in countries such as US, looking for people with such skills from countries like India
'It is surprising and unfortunate that unfounded allegations are now being made without any reference to me whatsoever,' Vijay Mallya said.
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 Enforcement Directorate had asked for financial details from both public and private sector banks and a part of these details were submitted last week
The IPO is expected to bring handsome fees for the selected banks at a time when billion-dollar listings have become scarce
If the rupee falls further, it would negatively impact the dollar-based returns of foreign investors, and could influence foreign flows into India.
Sebi asked to reconsider open offer nod as KFA was identified as wilful defaulter.
This measure will ensure that the price of a scrip cannot move upward or downward beyond a limit set for the day.
The cost of luring buyers and sellers to its platform means the new funds won't last long.
An estimated $344 billion has been illegally removed from the Indian economy between 2002 and 2011
ED had earlier issued summons to Mallya for "personal appearance" on March 18 under the provisions of the Prevention of Money Laundering Act (PMLA).
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.
Reliance announced energy asset sales worth around $ 16 billion; end of the investment cycle in telecom; bringing net-debt to zero in 18 months; value-unlocking options for real estate and financial assets; listing of telecom and retail in five years; and focus on dividends.
Gold is often favoured as a hedge against economic and financial uncertainty
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.
Be a disciplined investor for attractive returns, says fund managers.
A summary of sports events and sports persons, who made news on Saturday
The policymaker said the RBI had not reached the point where specific actions were under consideration.
In an SEC filing dating back to 1997, he figures as "J Vallabh".
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.
USL board said its second forensic audit by EY has revealed fund diversion worth Rs 1,225 cr to Mallya companies.
Airbus recently bagged large orders from Indian airlines such as Indigo and Go Air.
'I have been most pained at being painted as an absconder'.
Banks are seeking an order that Mallya should appear in person before the court.
The markets will remain choppy ahead of RBI policy.
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.
Anshu Jain spent 20 years building Deutsche Bank.
A section of analysts feel now may not be a bad time to buy select PSBs.
Stock crashes 6.5%; top 5 firms lose Rs 33,883 crore in market cap
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.
Sebi will join RBI and the government in their fight against bad loans.
Local businesses are fretting over reform setbacks.
Securities held in custody accounts reached a new high.
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.
Chinese govt has itself to blame for first trying to slow down the property market and later propping it up.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances