One thing is certain: The part-Goan, part-Malayali group CEO of Air Asia is not your usual boardroom CEO, and he cultivates the maverick businessman image, buying race car teams and football clubs and taking off-beat bets with his mentor and now buddy Richard Branson of Virgin.
SBI has the highest exposure of Rs 1,600 crore to the beleaguered Kingfisher Airlines.
'Everyone has failed us. The United States ditched us.... We will be forever indebted if the Indian government help us evacuate our family'
The 12,350 sq mt Villa was once used by Mallya to host lavish parties in his 'good times'.
UBI's exposure to Kingfisher Airlines was around Rs 350 crore (Rs 3.50 billion) as part of consortium led by State Bank of India.
The Anti-Terrorism Court (ATC) Gujranwala issued the warrant during a hearing in a terror financing case instituted by the Counter Terrorism Department (CTD) of Punjab police against some members of the JeM.
Mallya showed his net worth at Rs 615 crore, mainly in shares and bonds.
Unlikely to happen in less than a year,despite the advantage of the parent airline's base.
Abu Dhabi is no longer exclusive hub for Jet, Etihad won't recommend candidates for Jet management.
India's newest airline-Vistara is bullish on growth prospects.
Indian students, who are living and studying away from home, tell us how they are dealing with the COVID-19 crisis and what they discovered on their journey back home.
The DGCA will concentrate only on technical and safety aspects.
Lenders to Kingfisher Airlines, led by State Bank of India, had moved courts to get residual rights over these shares after Srei recovered the collateral from the defunct Kingfisher Airlines, making it difficult for Srei to sell the shares, said a legal source.
United Bank of India has already declared Kingfisher a wilful defaulter while State Bank of India, Punjab National Bank and IDBI have initiated such a move.
Barring stray references such as the 'dual control' of banks and shifting the goalposts during demonetisation, he is not in a fault-finding mode with the government, notes Tamal Bandyopadhyay.
Dutch investigator Wilbert Paulissen said the Joint Investigation Team had come to the conclusion that the BUK-TELAR that shot down MH17 came from 53rd Anti-aircraft Missile Brigade based in Kursk in Russia.
The resolution plan has to be put to work this month itself. Jet has a debt of over Rs 8,000 crore and needs to make repayments of up to Rs 1,700 crore by the end of March.
Belarusian athlete Tsimanouskaya, 24, had been due to compete in the women's 200 metre heats on Monday but said that on Sunday she was taken to the airport to board a Turkish Airlines flight.
Kingfisher Airlines said it would "vigorously challenge" the bank's decision.
To cement India's position as a preferred global outsourcing destination, the government on Wednesday liberalised guidelines for voice-based BPOs removing the distinction between domestic and international units as well as permitting interconnectivity between all types of OSP centres. Broadly, the rules would allow global companies, say an airline, with a voice-based centre in India to now serve global and domestic customers with common telecom resources, something that required dedicated, separate infrastructure previously. Moreover, the restrictions on data interconnectivity between any BPO (business process outsourcing) centre of the same company, a group company or any unrelated company has been done away with, allowing for massive flexibility in resource management for BPO operations.
A British court on Monday granted a bankruptcy order against Vijay Mallya, paving the way for a consortium of Indian banks led by the State Bank of India (SBI) to pursue a worldwide freezing order to seek repayment of debt owed by the now-defunct Kingfisher Airlines. "As at 15.42 [UK time], I shall adjudicate Dr Mallya bankrupt," Chief Insolvencies and Companies Court (ICC) Judge Michael Briggs said in his ruling during a virtual hearing of the Chancery Division of the high court. "I have to decide if there is a real prospect of payment of petition debt in full within a reasonable period of time... there is insufficient evidence that [Mallya's asset realisations in India] will pay the debt in full within a reasonable period of time," Judge Briggs noted, in reference to defence arguments pointing to a restoration process in India following a Prevention of Money Laundering Act (PMLA) court order for the attachment of Mallya's assets.
Chaitanya was working in Cognizant Technologies on a Southeast Airlines project.
In an SEC filing dating back to 1997, he figures as "J Vallabh".
A familiar face in the glamour circles, Sidhartha Mallya is being groomed to eventually step into his father's shoes.
Oil is now in the $135 range. If this price holds for the next 12 months -- as the futures markets tell us -- the added burden will be a staggering $99 billion. Losses in 2008 could reach $6.1 billion. The situation is desperate and potentially more destructive for the industry than our recent crises -- SARS, terrorism and war -- combined.
United States aerospace major Boeing on Thursday said it received approval from the country's government to offer its F-15EX multi-role combat jet to the Indian Air Force.
Vijay Mallya on Wednesday gave a proposal to the Supreme Court to repay around Rs 4,000 crore (Rs 40 billion) loan to banks by September this year.
The company expects four to five per cent revenue growth from Star Alliance membership.
'Airlines are free to fix the ticket rates after taking into consideration various factors.'
Let's take a look at some of the best airports in the world.
The petition has also made the Ministry of Finance and the bank as parties in the case.
Will Indian democracy benefit from the potential that Shashi Tharoor stores in his mind, spirit and intellect? Or will it be the saga of another leader who promised much but delivered too little, asks Dr Sudhir Bisht.
Minister of State for Civil Aviation Jayant Sinha emphasised that the brand name has both sentimental and economical value.
Vistara is trying to be leaner and meaner, while staying focused on the original brand promise; it aims to be profitable by FY21. Arindam Majumder reports.
'The new trains should be fast, but the roll-out of the privatisation plan should be slow and well-considered,' recommends T N Ninan.
The countries' biggest cities -- Delhi and Lahore -- are fighting a common enemy: Smog.
Why doesn't anybody ask the PSU State Bank of India under RTI on how much they are spending on legal fees trying to recover money from me in the UK when I have offered 100 per cent payback in India, asked Mallya.
The United States has restricted the entry of passengers from the three Ebola-stricken West African nations to five major airports conducting enhanced screening for the virus, safeguarding its citizens from the epidemic.
'Afghanistan is a beautiful country but has no luck as far as lasting peace is concerned'
Usha Ananthasubramanian said the bank will leave no stone unturned to recover unpaid loans.
