Liquor baron Vijay Mallya, facing probe in a loan default case of IDBI bank, apparently managed to leave the country in spite of a look-out notice against him by CBI.
'The pandemic ends only when 70 per cent of the world is vaccinated with two doses.'
A consortium of Indian banks led by the State Bank of India (SBI) on Tuesday moved a step closer in their attempt to recover debt from loans paid out to Vijay Mallya's now-defunct Kingfisher Airlines after the high court in London upheld an application to amend their bankruptcy petition, in favour of waiving their security over the embattled businessman's assets in India. Chief Insolvencies and Companies Court (ICC) Judge Michael Briggs handed down his judgment in favour of the banks to declare there is no public policy that prevents a waiver of security rights, as argued by Mallya's lawyers. At a virtual hearing, July 26 was set as the date for final arguments for and against granting a bankruptcy order against the 65-year-old Mallya after the banks accused him of trying to "kick matters into the long grass" and called on the "bankruptcy petition to be brought to its inevitable end".
We are only 9-10 months into the turnaround exercise: Maran
The apex court's 2017 order had come on a plea by consortium of banks led by SBI, which had said that Mallya had allegedly transferred $40 million received from British firm Diageo, to his children in 'flagrant violation' of various judicial orders.
Kingfisher Airlines Chairman Vijay Mallya has blamed almost everyone, including engine suppliers, employees, banks and tax authorities, for grounding of the carrier since October last year.
While Raghunathan is a named accused in the CBI's case registered in October last year, Nedungadi had resigned recently from the post of CFO of the UB group.
The UK Home Secretary will have to sign Mallya's extradition order within two months. However, Mallya's defence team has a chance to appeal in higher courts in the UK against the verdict.
Nearly 700 of the 1,500 employees, who still claim to be on the payroll of the defunct airline, are women.
Govt to play enabler not handler, India never had more decisive government: PM Modi Prime Minister Narendra Modi on Monday cited his dispensation's push for wide-ranging reforms, including the privatisation of Air India, to assert that the country never had a more "decisive government". Launching the Indian Space Association (ISpA), an industry body aspiring to be the voice of the country's space sector, Modi noted that fields like mining, coal, defence and space have been opened to private players, and said his government's clear policy about public sector enterprises is to open those to private industry where its presence is not required. While opening a host of sectors, the government has built a regulatory environment in which priority has been given to national interest as well as the interests of different stakeholders, he said.
Identifying cyber crime as a major threat, Sebi Chairman U K Sinha recently said such attacks are occurring these days in a more sophisticated manner.
An integrated team of 200 staff crunches data to minimise disruption for 149 planes, but airport infrastructure poses a challenge
The travel period for which the discount is being offered ends on April 30 next year.
Mallya said he was being advised by lawyer Harish Salve.
In a circular issued on Tuesday, Saudi Arabia's General Authority of Civil Aviation said it was "suspending travel to and from the following countries: (India, Brazil and Argentina) including any person who has been in any of the mentioned countries above in the last 14 days prior to their arrival to the Kingdom".
The office of former prime minister Manmohan Singh may have taken a special interest to try and keep afloat Vijay Mallya's ailing Kingfisher Airlines against the run of play, e-mails and letters claiming this and accessed by CNN-News18 indicate.
Here's the full text of the statement
Country's largest airline has set up a centralised unit to minimise disruptions.
AirAsia plans to sell 12 planes this year, a move that will bring in around 500 million ringgit ($156 million) in net profit.
Mumbai airport is the largest gateway for movement of pharma and agro products in the country.
Long-haul low-cost carriers like Scoot and AirAsia X offer a similar configuration.
Vijay Mallya has lost control of his companies.
Vijay Mallya who inherited the UB Group from his father as a young 28-year-old, said he has got "nothing to prove".
Vistara CEO Phee Teik Yeoh discusses the airline's expansion plans and challenges with Alnoor Peermohamed.
The lenders have not ruled out selling the property to recover part of their loans to the company.
The consortium led by SBI has also initiated the process of recovery.
United States President Barack Obama on Friday called for an immediate ceasefire between Ukraine's Russia-backed separatists and the government there after a Malaysian passenger jet was shot down by a missile from rebel-held territory, killing 298 people on board.
'Mallya has offered to pay the original amount.' 'Let us say he means the principal amount and that stands at Rs 5,000 crores.' 'The Indian banks have to ask themselves if they would rather have this 5,000 crores or would have none of it at all,' asks Sudhir Bisht.
With passengers flying Indian skies getting more and more unruly, day by day, airlines are forced to stock rope and handcuffs on board and use them as they did the other day on a Dubai-Delhi flight.
With oil prices in a free fall, the airline is looking at regaining some of its lost share.
In a market driven by low fares, premium air carriers may have a tough time.
The minister said it was important to have a flag carrier.
For international travel, frequent flyers look at network and Air India's global network is weak.
A total of Rs 30,000 crore was allocated for five years to Air India by the United Progressive Alliance government in its second term.
When the 'god' is angry, look what happens. Sachin Tendulkar, 'God of Cricket' was annoyed and expressed his displeasure on Twitter. Since then, the social networking site is buzzing.
As a multi-disciplinary organisation, SFIO probes cases of financial frauds that are referred to it by Corporate Affairs Ministry
In March this year, the banks tried to sell the Kingfisher House in Mumbai to recover a part of their dues.
Tag for defaults on nearly Rs 7,000 cr loans to long-grounded Kingfisher Airlines
Officials of 17 banks which gave loan to Kingfisher Airlines and UB Group are also under the agency's scanner
The condition of over two dozen people who were admitted to the hospital in Kathmandu is said to be serious.
