Banks have already sold the pledged shares of Mangalore Chemicals and Fertilisers, realising around Rs 100 crore. Mallya and group companies have pledged over 97 per cent of the USL shares with various banks and others, which according to current market prices is worth over Rs 6,500 crore (Rs 65 billion).
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According to data reviewed by Business Standard, the dues from UB Holdings alone to USL shot up by 4.3 times to Rs 1,188 crore (Rs 11.88 billion) by the end of the last financial year, compared to an outstanding of Rs 272 crore (Rs 2.72 billion) by the end of FY12.
He has also said that the overall mood of the Indian consumer remains subdued
Urban planners and real estate experts say bad town planning in Mumbai and rising deaths during the ongoing pandemic are a "sad reality". Dev Chatterjee and Raghavendra Kamath report.
The concern about such an explosive hidden in a laptop or an electronic device prompted the US and the UK to prohibit travelers flying out of 10 airports in eight countries in the Middle East and Africa from carrying laptops and other large electronic devices aboard planes.
National team jerseys made by Adidas are top of fans' shopping lists, followed by German flags, hats, balls, scarves and beer, while branded World Cup products such as watches and bed linen are much less popular, the survey showed.
The famous tag of "king of good times", used equally for Mallya and his Kingfisher beer, has been punned mercilessly in newspaper headlines to highlight the trouble in his airline.
Etihad Airways, the national airline of the United Arab Emirates, has launched its daily services to Mumbai and plans to start thrice-a-week flights from Abu Dhabi to Delhi from December.
Price has been fixed at Rs 85.3cr
Such an exit arrangement is commonly known in the business parlance as 'golden parachute' or 'sweetheart deal'
Jet's supremacy has now been challenged by a nimble and aggressive Kingfisher which, in just two years and following Mallya's buyout of Air Deccan, is commanding the same market share as Jet Airways and Jetlite.
Last week, governments across the world grounded the Dreamliner while Boeing halted deliveries after a problem with a lithium-ion battery on a second 787 plane, flown by All Nippon Airways Co, forced the aircraft to make an emergency landing in western Japan.
The Indian government's decision in 2012 to allow foreign direct investment in civil-aviation sector up to 49 per cent has enthused new airlines to launch their operations and capitalise on country's 1.2 billion population, a pre-statement to the Global Aerospace Summit said.
A prominent Kashmiri leader, who was based in London before being deported to Pakistan in 1986, Khan was believed to have been the mastermind in the killing of Ravindra Mhatre, the number two in the Indian Consulate in Birmingham in 1984.
Kerala has recorded 24 cases including two foreign nationals.
Though the airline has kept a reserve price of Rs 315 crore for these properties, it hopes to make around Rs 500 crore from the sale.
Sebi asked to reconsider open offer nod as KFA was identified as wilful defaulter.
Ustad Amjad Ali Khan's sarod, which he has been strumming for the last 45 years, was restored to the iconic musician by British Airways after it went missing on a flight while he was returning to Delhi from London on Saturday night.
The Pentagon has alleged that Russia continues to provide the separatists fighting in eastern Ukraine with heavy weapons and other military equipment, in addition to financing.
The Foreign Investment Promotion Board on Friday gave conditional approval to the proposal of InterGlobe Aviation which would pave the way for fresh foreign direct investment in private air carrier IndiGo.
United Arab Emirates-based low cost airline Air Arabia will operate seven additional flights from Mumbai to Sharjah from September 7-15.
The UN Security Council joined the call made by UN Chief Ban Ki-moon for a thorough and independent investigation into the apparent downing of a Malaysian passenger plane in Ukraine, stressing that all parties should grant immediate access to the investigators.
Khateeb was scheduled to arrive on Saturday in Los Angeles on a Turkish Airlines flight departing from Istanbul. But his plans have been upended after US officials reported finding "derogatory information" regarding Khateeb.
Prime Minister Narendra Modi announced the launch of the new flight at the SAP center cheering up thousands of Indians.
'The web of transactions is so complex that it requires expertise to understand the strategies involved in each fraud.'
Banks tighten hold on Mallya for defaults on KFA loans
Sources said valuation of all these assets was an ongoing process, and the mode and manner of disposal would be decided on a case-by-case basis
Janata Dal-United president Sharad Yadav has demanded that a case under 302 of Indian Penal Code (punishment for murder) should be filed against Vijay Mallya in connection with the suicide case of the wife of a Kingfisher Airlines employee.
Besides Mallya, his companies Kingfisher Airlines and United Breweries Holdings Limited have also been named as accused
There is more worry for Vijay Mallya, battling many a fire. Even as his Kingfisher Airlines struggles to hold itself, another of his major companies, United Spirits, has had a setback in its legal battle against his arch rival, Kishore Chhabria.
Air India's outgoing CMD Rohit Nanda helped the airline tide over crisis.
Mamata Banerjee, Chief minister of West Bengal and an important ally of the UPA government has given go-ahead to the Foreign Direct Investment in the aviation sector, according to a source in her government in Kolkata.
The regulator will audit an airport's ground facilities, its turnaround and general safety procedures, and the movement of vehicles. Underground facilities, ground servicing equipment, passenger boarding bridges, condition of the apron, marking and lighting, and availability of foreign object dustbin bins will be checked.
MasterCard's 'Worldwide Index of Global Destination Cities' has come up with a list of the top 20 global destinations that will see a huge stream of visitors in 2012.
Bankers and the senior management are expected to convene another meeting later this month.
'It is surprising and unfortunate that unfounded allegations are now being made without any reference to me whatsoever,' Vijay Mallya said.
Tata-SIA will kick off with full-service domestic operations.
An Air India spokesperson said AI 191 Mumbai-Newark and AI 101 Delhi-New York have been indefinitely delayed due to the hurricane. Passengers have been informed and transit passengers have been provided hotel accommodation in Delhi, the spokesperson said
The Maharajah and his men are going places, and you can also hitch a ride
