The UB Group, which has interests in spirits, aviation and pharmaceuticals, is contemplating entering the organised retail sector leveraging on its Kingfisher brand name.
Deepak Fertilizers plans to revise open offer price to beat Mallya-Poddar efforts
Bhanu Baweja of UBS believes that the rupee is not far from touching 38-38.50 per dollar levels. He says the rupee will continue to be used as a tool to contain inflation.
Gold, which was hovering around $1,321 an ounce in January 2019, has already breached $1,600 per ounce in the past few sessions to a seven-year high.
The Indian golfer managed a one-over 71 to notch his eighth top-10 placing this year at the UBS Japan Golf Tour Championship.
Notwithstanding the current economic uncertainty, Asia has recorded the largest increase in its billionaires club in the world with 18 new billionaires in 2013, making it the fastest-growing region, a report says.
In a conversation with Business Standard after an eventful annual general meeting of Kingfisher, he clears the air on many aspects.
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.
It is understood he is moving court indicating lenders had been rough with him and, hence, caused damage.
According to the the wealth-X and UBS billionaire census report 2013, India's billionaire population has decreased by 5.5 per cent to 103 and the total billionaire wealth has fallen by $10 billion to $180 billion.
The 14 banks, led by State Bank of India, which lent Rs 6,500 crore (Rs 65 billion) to the airline, are now involved in litigation over the money, as Mallya has sued them in multiple courts.
The low-profile chief of Deepak Fertilisers on Wednesday bought 24.46% shareholding in MCF.
At 53 years, China's billionaires are the youngest in the world, while the average age of India's super rich people is 63 years, a year older than the global average of 62.
When traders got caught fiddling Libor, their employers blamed a few bad apples.
GM will join a very short list of S&P 500 companies, including Hershey Co and American Water Works Co, with women serving as CEO and CFO.
As a multi-disciplinary organisation, SFIO probes cases of financial frauds that are referred to it by Corporate Affairs Ministry
Despite the slowdown, India's population of rich is growing. The country saw 120 more individuals join the exclusive club.
The bank remains on high alert to intervene if markets freeze.
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.
On Monday, the ministry withdrew foreign traffic rights it had granted to Kingfisher Airlines.
Mohun Bagan general secretary Anjan Mitra demanded that the court-appointed special officers convene a tripartite meeting immediately to sort out the imbroglio.
The world's richest are getting richer despite the economic crisis.
UB Group-controlled carrier to convert short-haul domestic routes with less demand for business class to all-economy configuration.
'To which brother will the senior Reliance executives be loyal to is the question. But it's too early to tell, says Ramesh Shrichand Damani.
Mallya donated the gold after offering worship and requested temple authorities to use it for gilding the doors at the sanctum sanctorum, Tirumala Tirupati Devasthanams deputy executive officer (temple) Chinnamgari Ramana told PTI.
The move also comes against the backdrop of the embattled Mallya facing a case of loan default worth Rs 9,400 crore.
Chief Operating Officer UB Pravin Rao said the company will be back to historic performance levels in a couple of years.
The price range and size are yet to be determined, according to the term sheet, which also did not specify the timeframe.
'Wine bars there are, in plenty, in Karnataka,' notes Alok Chandra.
Leaving behind rivalry over acquisition of shares of liquor company Herbertsons Ltd, the UB group and the Chhabrias on Monday agreed in the Supreme Court
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