United Bank of India has asked Vijay Mallya and three other directors of grounded Kingfisher Airlines to appear before a panel of the bank at the head office in Kolkata on July 9.
'We've never really been in the situation of having a difficult time with the Chinese and an increasingly difficult time with the Russians along with a relationship with the Americans which is important.'
Formula One is working to put on a British Grand Prix in July even if the country imposes quarantine measures on visitors during the COVID-19 crisis, F1 sources said.
The proposal to allow foreign airlines to buy upto 49 per cent stake in domestic carriers originally mooted by the Commerce and Industry Ministry, has received a green signal from the Finance Ministry and the Civil Aviation Ministry.
Proceeds may be used to partly pay off its Rs 46,570-cr debt
Vijay Mallya has been burdened for the past three years with debt at United Spirits spiralling and Kingfisher Airlines, well, on a downward spiral.
SBI had moved the Debt Recovery Tribunal because Mallya owes over Rs 7,200 crore to a consortium of banks led by State Bank of India
Enormous debt isn't the only thing afflicting Air India. Its work culture is an equal culprit in its downfall.
Trump was in contact with multiple lawmakers who have since gone into self-imposed quarantine.
A direction by Chief Justice of India S A Bobde, Justice B R Gavai, and Justice Surya Kant to the Karnataka high court asked the latter to expeditiously settle the matter of assets deposited before it by Mallya for liquidation, and thereby payment to creditors 'preferably not later than three months'. It will be interesting to see the view of the London high court, if the settlement of his dues to Indian creditors is imminent, reports Ashis Ray.
A forensic audit has found possible 'irregularities and mismanagement' in advances and investments made by Mangalore Chemicals and Fertilizers to his other group companies.
Pro-Russia rebels on Friday said they have recovered the black boxes from the wreckage of the Malaysian plane blown by a missile over eastern Ukraine, killing all 298 people on board, including 100 world-renowned AIDS researchers and activists.
Air India is aiming to improve its financials by pruning loss-making flights, improving fleet use, increasing web sales and selling & leasing back 14 Boeing 787s by March-end, top airline executives said on Monday.
As world leaders discuss measures in Copenhagen to save the planet from global warming, Nordic airline Finnair has mooted setting up of a global body under the United Nations to regulate emission trading.
Rupesh Kumar Singh, 40, was sprayed with bullets while he was inside his SUV waiting for the gates of his residence in Punaichak locality in the city to open after his return from office on Tuesday evening.
In a disclosure to the markets, United Spirits has said it is awaiting information from UB Holdings for determining the treatment in the company's accounts of the loan together with applicable interest accrued until March 31, 2014.
The raids resulted in recovery of documents of some dummy firms linked to Mallya like Gold Reef Investments Ltd and McDowell Holdings Ltd.
The founder of the dreaded terrorist group Jaish-e-Mohammed undergoes regular dialysis at an army hospital in Rawalpindi in Pakistan.
A senior Air India pilot, who was found to be allegedly drunk by Sharjah International Airport security just prior to flying, has been let off with a warning by the United Arab Emirates authorities.
Samsung last week suspended sales of its latest flagship smartphone and announced a recall of 2.5 million units already sold, after faulty batteries caused some handsets to explode during charging.
The gunman, identified as 29-year-old Gavin Eugene Long, dressed in black and armed with a rifle, shot the police officers in an "ambush-style" attack on Sunday.
Buyer actor-producer Sachiin Joshi, who owns Viiking Media, has reportedly bought the villa, spread over 12,350 sq ft or three acre at Candolim.
Ending a seven-year-long wait, the Star Alliance Chief Executive Board, at its meeting in London on Monday, gave an endorsement vote to induct Air India into the fold.
Mallya left the country on March 2 and has had his passport revoked.
Hogan questioned the claims of the airlines campaigning against Etihad.
Jet Airways on Thursday said it would introduce more flights on both its domestic and international networks.
Two weeks' time given to CBI for filing a fresh status report.
Days after its recent downgrade by the US aviation regulator, DGCA has set up two dedicated technical teams for surprise inspections on the aircraft of foreign airlines and charter firms and carry out extensive safety checks.
Singapore is the most favoured destination for people living in India, Indonesia, Thailand, Hong Kong and the Philippines when it comes to post-lockdown travel.
Plans to rake in Rs 900 crore from marketing engineering, cargo & training services.
The US president had in past expressed dismay with the $2.3 trillion package that Congress passed Monday, which includes $900 billion in coronavirus relief and $1.4 trillion to fund the government until October, conflating the two bills and saying the spending goals were misguided.
There is enough room for growth in smaller Indian towns as per US and European aircraft manufacturers
SpiceJet, on the verge of a shutdown two years ago, is now looking at joining a burgeoning global league of low-cost long-haul airlines by providing a Rs 30,000 to-and-fro fare to western European destinations. Chairman and managing director Ajay Singh elaborates.
Thousands of emergency rescue teams officials remained on their toes, helping people affected by the deluge. Weather official said parts of state are expected to receive rainfall again.
The bank had issued the notice alleging the carrier has wilfully defaulted in payment of outstanding dues of more than Rs 770 crore (Rs 7.7 billion).
Ahead of the two-match Twenty20 series against West Indies, Indian cricketers, Ravichandran Ashwin, Shikhar Dhawan and Bhuvneshwar Kumar today visited the home of American basketball team Miami Heats in Florida.
A Las Vegas bound flight of a United States airliner made an emergency landing in Texas when the plane's pilot gave a mid-air scare to passengers about a possible attack by Al Qaeda and had to be restrained.
Govt has no plan to divest stake in Air India.
Mallya has denied that he had fled India and said he would comply with laws.
But its sales pitch will remain muted till India opens up more seats on the route
