ED had earlier issued summons to Mallya for "personal appearance" on March 18 under the provisions of the Prevention of Money Laundering Act (PMLA).
Reliance joins a number of large companies, including the Essar and Adani groups, which are raising loans abroad as interest rates in India remain high.
The city-based firm had witnessed exits, especially of senior level executives, in the last couple of years and one of the main tasks before Vishal Sikka when he took over as the chief executive officer last year was to check the high attrition levels.
'It is unlikely that foreign portfolio investors (FPIs) might increase their India allocation, given the overweight status for most FPIs.' 'Given the commentary from the Republican Party, an anti-imports approach means money will not flow out of the US.'
The Fortune's 40 under 40 list for this year was topped by Adam Neuman, Co-founder and CEO, WeWork.
The Union finance ministry is planning to make rules regarding wilful defaulters more stringent, so that criminal charges can be pressed against such entities.
At the beginning of this year, his stake in the airline stood at 30.14%.
USL board said its second forensic audit by EY has revealed fund diversion worth Rs 1,225 cr to Mallya companies.
Infosys has been making bets on automation and other high-margin services like artificial intelligence to regain some ground
The policymaker said the RBI had not reached the point where specific actions were under consideration.
This measure will ensure that the price of a scrip cannot move upward or downward beyond a limit set for the day.
Britain's 'remain' option gaining traction, with the implied probability of such an outcome at 78 per cent.
India accounted for a meagre 5.1 per cent of merger and acquisition (M&A) deals among emerging countries in the first nine months this year, the lowest in the BRIC (Brazil, Russia, India and China) nations.
The airline, part of Vijay Mallya-led UB Group, has been grounded since October 2012, after being bogged down by huge and mounting losses.
'We are overweight on India, as it is one of the best in emerging markets (EMs)'
He has also said that the overall mood of the Indian consumer remains subdued
Has Make in India's mascot, the metal lion, begun to rust?
Oil subsidies to fall 44% in FY15.
There is one billionaire for every three million people on the planet.
According to documents accessed by Business Standard, RIL increased its direct stake in Jio to 98.9 per cent as on March this year by pumping more capital into the company.
IndiGo had debt of Rs 3,912 crore at end of the June quarter.
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.
Since 2009, the Department has publicly charged 73 account holders and 35 professionals with violations arising from their offshore banking activities, and 72 individuals have plead guilty or were convicted at trial.
The company's executive vice president and chief financial officer Rajiv Bansal has resigned.
This is the first big move in the investigation of the British Virgin Islands list where the I-T department has found a significant amount of tax evasion.
Jain was the architect of Deutsche's investment banking business and placed one of his former trading heads, Alan Cloete, in Hong Kong as co-CEO for Asia Pacific in 2012.
'One big leader said you might get 3 lakh votes and still lose.' 'I said if I do I will make sure you are sleepless because it will be me and three lakh people.'
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.
Airbus recently bagged large orders from Indian airlines such as Indigo and Go Air.
For investment bankers, a Brexit vote is more than just about volatile prices on a screen but also about where they may end up working and living.
'Civil matters like loan recovery are being connected with criminal allegations, without any basis.'
In a conversation with Vishal Chhabria and Hamsini Karthik, Gautam Chhaochharia, executive director & head, India Research, UBS, explains why implementing goods and services tax (GST) may not be as disruptive as many perceive it to be. But, he warns investors shouldn't have high expectations on corporate earnings.
A common factor that binds all these men is greed.
Lenders fret over stubbornly weak credit growth and still high funding costs.
Formula One would rather cater for rich over-70s than chase a younger generation that cannot afford luxury watches and is more interested in social media, according to commercial supremo Bernie Ecclestone.
Investment bankers handling the IPO had said marquee global investors made big-ticket applications.
More than half of Mallya's total package for 2015 has been paid by Mendocino Brewing Company for 'promoting' the company's beer brands
Switzerland remains the 'biggest private banking financial centres for cross border wealth management' with assets worth over CHF 2.11 trillion ($2.2 trillion), as per the study conducted by the Swiss Bankers Association and the Boston Consulting Group.
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