The US election results were in line with expectations and the markets were not surprised.
The parent company, UB Group, is willing to pump in money.
In 2012, Diageo signed a deal to buy stake in USL.
Reader Tejas Kashyap spotted former India captain and leg spin ace Anil Kumble at 'Rajdhani', a restaurant in UB City, Bangalore.
Kingfisher chief executive officer Sanjay Agarwal met Director General of Civil Aviation Arun Mishra in New Delhi for 45 minutes to apprise him of the prevailing scenario facing the airline, but sources said he gave no information about any commitment by the airline's parent company, UB Group, on financing the revival plan.
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.
The $5.7 billion total includes $1.6 billion in fines separately imposed by the US Federal Reserve on the five banks.
Banks can collapse, markets can be rigged, investment instruments can become worthless overnight, auditors can fail to blow the whistle, board directors can be asleep, and regulators can be incompetent, notes T N Ninan.
The banks have asked the court to demand his return and to impound his passport.
Acquires 50 per cent stake for $36 million in United National Breweries.
The foreign institutional investors have more than doubled their holding to 2.46 per cent stake in Vijay Mallya-led UB group's Kingfisher Airlines, while small individual shareholders hiked their holding significantly to 17.59 per cent during the quarter ended September 30.
Vijay Mallya who inherited the UB Group from his father as a young 28-year-old, said he has got "nothing to prove".
Kingfisher Airlines's has hit a rough patch again with three of its directors resigning for better prospects.
Among the country's three listed airlines also, Kingfisher chief executive officer Sanjay Agarwal's pay package was the second highest in the last fiscal ended March 31, 2012, as per the remuneration details provided in their annual reports.
New York City has the world's largest number of billionaires but Asian cities, which include Mumbai, dominate the list of top 20 billionaire places in the world, indicating that the region is at the beginning of a new cycle in wealth creation, says a report.
Fugitive businessman Vijay Mallya was booed by a section of India supporters as he entered the Oval arena to watch India's crucial ICC Champions Trophy encounter against South Africa, in London.
Following the government move to allow FDI policy in the civil aviation sector, Chairman of debt-ridden Kingfisher Airlines Vijay Mallya on Wednesday said the carrier was in talks with foreign airlines.
Anil Ambani has interests in power, telecom and other infrastructure sectors.
Must satisfy shareholders on game plan to steer UB Group over next 12 months.
Swiss cities top the list of the highest paying cities.
Ashishkumar Chauhan says that the exchange is seeking a valuation of about $1 billion.
Many developers are facing financial challenges after the IL&FS defaults, after which non-banking finance companies - the major financiers to real estate firms - slowed disbursals.
Enjoying the backing of the regulator, Gill has identified the core problems, ring-fenced the banks from "influencers" and is in the process of building a new team. Now, he needs to play a Vikram Pandit for YES Bank, says Tamal Bandyopadhyay.
How many hours of work does it take to buy a half a litre of beer at a retail outlet?
Analysts caution a non-BJP government is not an impossible scenario. In case of a Modi-led coalition, they advise investors to focus on discretionary consumption, select private banks and financials, RIL, housing, and IT.
According to a report in the Financial Times, two UBS bankers tried to create Pleuri, an offshore vehicle through which Ambani 'could illegally invest in securities at home'.
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.
Q&A with UB Group chairman Vijay Mallya on Diageo deal
Losses and lack of bank funds no reason to shut company, says minister
UBHL chairman sold 8.41% stake, but didn't disclose.
UB Group Chairman Vijay Mallya has turned down suggestions from banks that he should give a personal guarantee as a precondition for additional funding to the cash-strapped Kingfisher Airlines.
There is no way out for Mallya's debt problems unless he sells some of his stake, says an analyst.
Crude oil prices are expected to rise this year as Iranian oil sanctions will lead to a drop in oil supply.
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.
With no end in sight to the 16-day impasse over a lockout and strike by its workers, Kingfisher Airlines management has called a meeting with their representatives on Wednesday in a last-ditch effort to convince them to return to work.
Mallya has been contending that he is the rightful owner of 'Officers Choice' and not Chhabria who currently owns it under his company Allied Blenders and Distillers.
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