India's macroeconomic environment is improving, but it is still not past the point where it can ignore the developments in the global markets
Kweku Adoboli, a 31-year-old trader at UBS based in London makes Nick Leeson, once-legendary rogue trader at Barings Securities look like an amateur.
Calcutta HC dismisses United Bank of India's decision on technical grounds
United Spirits Ltd (USL), flagship spirits company of the UB Group, has finally decided on foreign currency convertible bonds (FCCBs) to raise as much as $225 million (Rs 1,190 crore). The plan is to raise up to $175 million, plus an over-allotment option of $50 million.
With India remaining a potential growth market, global banks are hiring young turks in order to ensure that no stone is left unturned in their bid to reach the top.
Sebi issued final observations, necessary for the offer and the deal as a whole to go through, on May 21.
The ED's fresh chargesheet against Mallya and his firms is likely to pave the way for him to be declared "fugitive" under a new Indian law.
According to UBS Prices and Earnings Update, August 2011, Mumbai overtook 73 cities of the world to take the cheapest city crown with 40.2 points.
There are some cities in the world where earnings are really high.
In another jolt to the famed Swiss banking industry, the US has started a formal probe against Credit Suisse for allegedly helping wealthy Americans to evade taxes.
Force India has been re-named Sahara Force India after the Sahara Group bought stake in the Vijay Mallya-owned Formula One team. As per the agreement between the parties, Sahara Group and Mallya's UB Group will have 42.5 percent stake each in the team.
Force India's co-owner Vijay Mallya has rubbished speculation that he is planning to sell his stake in the Formula One team to Sahara India.
The 25-seater aircraft is interspersed with plush sofas, a cushioned bed, bars, showers and a bathrobe
Avoid fresh investments, as there might be more opportunities in the coming months, market experts tell Joydeep Ghosh
According to the The Times, the move is a part of a drive to cut UB Group's $4 billion (2.5 billion pounds) debt.
After some initial take off turbulence, Gopinath is now actively steering the air cargo business steadily with equity infusion from Reliance Industries.
Till now in Kingfisher, the number was not fixed and depended on the number of hours flown.
Mallya, once known as the "King of Good Times" for his flamboyant lifestyle, has until Friday to appear before an IDBI committee to explain why he should not be declared a "wilful defaulter".
Global financial majors, who until recently viewed India as a safe investment decision, are having second thoughts.
Tax Guru Anil Rego answers your personal income tax queries
SBI approaches Karnataka HC to arrest Mallya, impound passport, disclose full assets
Mallya failed to repay loans worth Rs 7,200 cr, did not pay salaries, did not deposit PF, and did not pay income tax. It is still a mystery why banks continued to pour money into the airline when it was on life support
State owned banks SBI and PNB were the top Nifty gainers along with ICICI Bank and auto shares.
Kingfisher said the price was arrived in accordance with the pricing guidelines prescribed under the Securities and Exchange Board of India, which is the average of the past six months' price, 30 days prior to the relevant conversion date.
Bollywood actor Salman Khan launched the Kingfisher Calendar 2011 in Mumbai over the weekend. Here's a look at the stars in attendance!
The new Diageo management had asked Vijay Mallya to step down.
The company's board approved the airline's plan to raise the amount through issuance of equity shares or preference shares or through global depository receipts.
The UB Group-controlled Kingfisher Airlines may cancel its orders for Airbus A380s and A350s or swap these planes for smaller planes like A320s and A330s.
The US market regulator has charged three individuals, including an investment banker with UBS, for running an insider trading ring.
Although markets such as Mumbai and some places in the national capital region have continued to see a slowdown in the property markets over the last three years, developers were pinning their hope on the festive season.
The court imposed Rs 10 lakh as costs on Mallya in the case.
Despite rosy projections the fact remains that wine in India is not seen as an approachable beverage.
Bank of America Merrill Lynch, Citigroup, Credit Suisse, Goldman Sachs International, JP Morgan Securities, Morgan Stanley, Nomura and UBS have confirmed their commitment to the FSA Rule and the supporting Code on remuneration practices. These were published in August and would come into force on January 1, 2010 (and cover payments for performance year 2009).
The UB Group-owned Kingfisher Airlines said on Wednesday the government had granted it traffic rights to operate on seven new international routes.
After being forced to resign as chairman of MCF, Mallya is now keen on increasing his stake in the company
India's second largest private carrier Kingfisher Airlines plans to more than double its fleet strength by adding 67 more aircraft by 2016, according to an investors' presentation made by the company.
The agency did not seek a reappointment in FY12.
Liquidity has improved, but 20 out of 24 NBFC stocks are staring at an over 5% reduction in 12-month target prices.
Mallya's Rajya Sabha declaration lists investments in racing, finance and investment firms.
The move comes when Kingfisher remains the only listed airline in India to have made losses in the third quarter of the current financial year.
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