BSE Midcap index outperformed the benchmark indices to end with 0.4% gains.
So what's up? Why are so many promoters heading for the door? It cannot be that all of them lost their appetite for a good fight at the same time.And if Naresh Goyal of Jet Airways and Subhash Chandra of Zee Entertainment do bow out, will it be seen as chickening out when the going got tough or the entrepreneurial instinct of surviving to fight another battle waned, wonders Shailesh Dobhal.
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.
Softening rural consumption and the likelihood of weak corporate earnings in the March quarter saw investors dump stocks.
The company hires Accenture for financial re-engineering, including slashing of debt ratios; changes to be visible soon
The offer, open on April 10-26, was meant to acquire close to 38 million shares at Rs 1,440 a piece.
Indian banks on Thursday rejected the loan repayment offer made by Vijay Mallya.
The BSE Sensex was down 326 points at 23,277 and the Nifty was down 107 points at 7,056.
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.
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 intends to protect his shareholding in India's largest brewer in which Dutch brewer Heineken holds 37.5% stake.
The Central Bureau of Investigation (CBI) on Friday raided the home of Delhi Deputy Chief Minister Manish Sisodia and 30 other locations in connection with alleged corruption in the implementation of the Delhi Excise Policy.
Banks are seeking an order that Mallya should appear in person before the court.
As per the existing process of law under the PMLA, the ED could confiscate the assets only after the trial in a case finishes which usually takes many years.
S&P BSE Midcap index and S&P BSE Smallcap were down 2% and 1.3% respectively
If the offer is accepted, banks will have to take a haircut of about 30 per cent or Rs 2,500 crore of the total receivables of over Rs 9,000 crore.
Looking to cash in on the burgeoning beer consumption in India, the United Kingdom-based SABMiller will invest around Rs 500 crore (Rs 5 billion) to expand production capacities at its breweries in the country.
For his 60th birthday in December, which he called his third 20th birthday, Mallya flew in Enrique Iglesias to perform at his villa overlooking the beach in Goa.
The development comes after a recent notification from the Union home ministry, which has permitted companies to resume manufacturing operations and reopening of shops in red, green and orange zones with certain riders.
The high court remained unconvinced by Mallya's claim that he has been a non-resident Indian since 1988 and has lived in England since 1992, a country where he has indefinite leave to remain
Soon after acquiring strategic management control of Vijay Mallya's crown jewel, United Spirits, Diageo has swung into action, making up for years of lost time in trying to figure out the Indian market.
Largest deal in thermal power space; Lanco to use proceeds to lower debt.
'Civil matters like loan recovery are being connected with criminal allegations, without any basis.'
Sahara India needs to pay back $5.3 billion, raised from millions of small investors through the sale of bonds ruled by the Supreme Court to be illegal, before founder Subrata Roy can be released.
Acquires 50 per cent stake for $36 million in United National Breweries.
Kiran Mazumdar-Shaw talks to Nikita Puri about her book Mythbreaker.
The S&P BSE Sensex ended 190 points up at 23,382.
As the buzz about UK-based SABMiller making an estimated $12-billion bid for Australia's leading premium branded drinks company Foster's beer business continues, India, say analysts, holds the key to the bid.
Vijay Mallya who inherited the UB Group from his father as a young 28-year-old, said he has got "nothing to prove".
Diageo-USL integration pushed by at least two months; Firm likely to rework agreements and seek approval again
Urban Indians are developing a taste for freshly brewed and bottled craft beer.
Over 25,600 cases of banking fraud reported up to December 21, 2017, says Minister RS Prasad.
The United Kingdom-based SABMiller plc, one of the world's leading brewers, on Tuesday announced it has acquired Foster's India, belonging to Australian drinks giant Foster's, for $120 million on a cash-free debt-free basis.\n\n
The CBI has shared its findings with the Enforcement Directorate.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The HC also offered a ray of hope to the hundreds of employees of UB-Group owned now-grounded Kingfisher Airlines, who have not been paid monthly salaries for over a year now.
These investors are not only betting on little-known stocks, but also sectors that the market participants are not paying much heed to. Some of these stocks can be potential multi-baggers, while others may not live up to the expectations of these stock-pickers, says Jash Kriplani.
The United Kingdom-based Cobra Beer would invest about Rs 45 crore to set up a greenfield plant in India for brewing beer, a top company official said in New Delhi on Monday.
In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap indices added 0.6% and 1.3%, respectively to touch their fresh lifetime highs.
The analysis covers BSE 200 Index's 171 companies for which data on the compensation to the boards of directors for FY14 and FY13 are available.
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