Jeev Milkha Singh notched another accolade today when he was nominated for the Asian Tour's inaugural UBS Special Achievement Award.
The UB Group, which has interests in spirits, aviation and pharmaceuticals, is contemplating entering the organised retail sector leveraging on its Kingfisher brand name.
Through the UB Group, Mallya holds 21.98 per cent stake in MCF.
While some argue there is more upside left, others suggest valuations might have run up far ahead of fundamentals.
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.
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.
Deepak Fertilizers plans to revise open offer price to beat Mallya-Poddar efforts
United Spirits wants to align its resources to meet its goals of becoming a trusted and respected consumer goods company.
The Indian golfer managed a one-over 71 to notch his eighth top-10 placing this year at the UBS Japan Golf Tour Championship.
The annual meet also saw some shareholders of the country's second largest IT services company raising concerns over falling operating margins. But many congratulated the management for delivering good FY20 performance despite the tough economic conditions.
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.
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.
After unseasonal rains, supply disruptions and pandemic-induced woes pushed retail inflation well over the Reserve Bank's comfort zone in 2020, the scenario is likely to stay that way at least in the short term as economic recovery slowly gains foothold. For most part of this year, pricier food items pushed the retail inflation, based on Consumer Price Index (CPI), higher in the range of 6.58-7.61 per cent, except for March when the reading was 5.91 per cent. Experts believe retail inflation is likely to average around 6.3 per cent this fiscal and mostly will remain sticky going forward owing to pick-up in demand across sectors.
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.
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.
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.
Mohun Bagan general secretary Anjan Mitra demanded that the court-appointed special officers convene a tripartite meeting immediately to sort out the imbroglio.
When traders got caught fiddling Libor, their employers blamed a few bad apples.
Despite the slowdown, India's population of rich is growing. The country saw 120 more individuals join the exclusive club.
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.
On Monday, the ministry withdrew foreign traffic rights it had granted to Kingfisher Airlines.
'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.
UB Group-controlled carrier to convert short-haul domestic routes with less demand for business class to all-economy configuration.
As a multi-disciplinary organisation, SFIO probes cases of financial frauds that are referred to it by Corporate Affairs Ministry
The bank remains on high alert to intervene if markets freeze.
The world's richest are getting richer despite the economic crisis.
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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