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.
Vijay Mallya has been burdened for the past three years with debt at United Spirits spiralling and Kingfisher Airlines, well, on a downward spiral.
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.
A forensic audit has found possible 'irregularities and mismanagement' in advances and investments made by Mangalore Chemicals and Fertilizers to his other group companies.
Access to India's defence market must be made conditional -- available only to those who are ready to make a long-term commitment in India, argues Ajai Shukla.
As the ruling alliance starts feeling the tremors, discussions on new equations have also started, reports Satyavrat Mishra.
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.
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.
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.
Pawan Ruia has finally done it, a beaming Buddhadeb Bhattacharjee, then West Bengal chief minister, had said at the reopening of the 70-year-old Sahagunj factory owned by Dunlop in 2005. But with the Calcutta high court passing a winding-up order in 2013 and the Trinamool Congress-led state government passing a Bill to take over the company in 2016, the once-upon-a-time undisputed leader in the Indian tyre industry looks vastly undone. But that can hardly be a deterrent for Ruia, who has a penchant for making headlines one way or the other.
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.
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.
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.
Mallya left the country on March 2 and has had his passport revoked.
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.
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.
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.
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.
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.
'We built it in the last three years and then one day, they came and they said you have to close it'
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.
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.
There is enough room for growth in smaller Indian towns as per US and European aircraft manufacturers
A debt recovery tribunal in India ruled that Rs 6,200 crore of Vijay Mallya's dues -- Rs 5,000 crore as principal and Rs 1,200 crore as interest -- was payable. Mallya claims that out of the sum due, Rs 3,000 crore had already been recovered by the claimants.
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).
Mallya has denied that he had fled India and said he would comply with laws.
Plans to rake in Rs 900 crore from marketing engineering, cargo & training services.
The DGCA official who wrongly assigned the code of Antonov AN-32 -- an aircraft used by the IAF -- to the SpiceJet aircraft has been suspended, report Arindam Majumder and Aneesh Phadnis.
Govt has no plan to divest stake in Air India.
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.
But its sales pitch will remain muted till India opens up more seats on the route
The CBI has shared its findings with the Enforcement Directorate.
Indian classical musician Ustad Amjad Ali Khan's sarod, which he has been playing for the last 45 years, has gone missing while he was returning to Delhi from London by a British Airways flight.
Aviation companies were in focus with all the three airliners SpiceJet, InterGlobe Aviation and Jet Airways adding in the range of 2% to 3% on the BSE
The company said it will appoint a new Chairman at the next Board meeting.
According to CAPA, partial abolition of the 5/20 rule was a serious compromise.
The court ruled that an interim debt order in favour of SBI and other banks seeking access to funds in the Mallya's ICICI UK bank account "should remain in force" but the application to make it final should be adjourned until after the hearing of his pending bankruptcy petition.
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