Force India co-owner Vijay Mallya has rejected speculation about his Formula One team's finances, saying they will be racing for years to come.
Noting the urgency and desire on the part of India to extradite people accused of corruption, the UK on Friday said a "legal process" is on in Vijay Mallya's matter and it has to be followed through as there cannot be any shortcut. In May last year, the fugitive businessman lost his appeals in the British Supreme Court against his extradition to India to face money laundering and fraud charges. Asked when can Mallya be extradited to India and if some kind of legal issue is still pending in the matter, new British High Commissioner to India, Alex Ellis, without pointing to any particular case, said he recognises the urgency, importance and the desire to get back people who are accused of corruption to India.
The employees in Delhi on Monday spearheaded an indefinite hunger strike and called on colleagues nationwide to join in the protests with their families at Jantar Mantar.
With United Spirits all set to be acquired by Diageo, there aren't too many local spirits barons of significance and stature left.
Liquor baron Vijay Mallya has dropped plans to contest the coming Rajya Sabha elections from Maharastra and seek re-election only from Karnataka. Admitting that he had talks with Shiv Sena leader Uddhav Thackery on possibilities of his contesting from Maharashtra, the head of the Kingfisher Airlines said he did not get a good response as 'Sena is not fully in favour of non-Maharastrians'.
A few big IPL franchises had offered Rahul Dravid blank cheques to join them, but his choice was clear.
Embattled Force India team boss Vijay Mallya made his Indian Grand Prix entrance in combative mood on Saturday, lashing local media for their coverage of his business troubles and grounded Kingfisher airline.
United Breweries Ltd Chairman Vijay Mallya received over Rs 1.4 crore as commission and sitting fees during 2011-12 from the company.
The US Federal Aviation Administration has yet to certify Epic's planes. The company manufactures private business jets with single and twin engines, capable of carrying six to seven people.
Spyker's director of Formula One, Michiel Mol, has teamed up with Vijay Mallya to make a Euro 90 million bid for the cash-strapped team.
Vijay Mallya-owned Kingfisher Airlines, which plans to raise $400 million from private equity investors, may have to settle for structured finance such as sale and leaseback or securitisation of receivables, say private equity experts in Mumbai.
Brewing billionaire Vijay Mallya's woes seem to be compounding. His flagship spirits arm, United Spirits Ltd (USL), is starting to mirror Kingfisher Airlines.
A local court in Hyderabad has issued four more non-bailable warrants (NBWs) against businessman Vijay Mallya after he failed to appear in a court here in connection with alleged dishonour of cheques amounting to Rs 2 crore (Rs 20 million) to GMR Hyderabad International Airport Ltd.
A week after lenders invoked more of pledged shares, they did so again.
The internal bickering of the Bangalore Royal Challengers is out in the open with team owner Vijay Mallya revealing that he was at loggerheads with captain Rahul Dravid and the outfit's sacked CEO Charu Sharma over players' selection for the Indian Premier League.
Force India team owner Vijay Mallya believes his team can recover from the disastrous showing in 2008 and aim to regularly score points in the upcoming Formula One season.
For providing the additional level of collateral for its funding needs, the company paid a little over Rs 50 crore (Rs 500 million) to Mallya as 'guarantee and security commission' during the year ended March 31, 2011, Kingfisher has told its shareholders.
Q&A with UB Group chairman Vijay Mallya on Diageo deal
The UK Home Secretary will have to sign Mallya's extradition order within two months. However, Mallya's defence team has a chance to appeal in higher courts in the UK against the verdict.
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.
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
While guarantees given by Mallya fell from Rs 6,156 crore (Rs 61.56 billion) in the previous year 2010-11, the guarantees provided by Kingfisher's holding and associate companies rose from Rs 8,863 crore (Rs 88.63 billion) to Rs 8,926 crore (Rs 89.26 billion) in this period.
'Since CBI directly reports to PM CBI couldn't have allowed without approval from top,' Kejriwal tweeted
The Force India owner thinks Karun Chandhok has some way to go before he can find a place in the F1 cockpit.
Submits new settlement offer to SBI
Even though both the drivers finished inside the top 10 Force India chairman Vijay Mallya said he had expected the Canadian Grand Prix to yield more points for the Silverstone-based outfit.
The matter relates to cheques issued by Kingfisher Airlines to GMR Hyderabad International Airport Ltd, which operates Rajiv Gandhi International Airport, towards charges for using the facilities at the airport for Kingfisher Airlines flights
The Yeti Airlines aircraft took off from Kathmandu's Tribhuvan International Airport at 10.33 am on Sunday and crashed on the bank of the Seti River between the old airport and the new airport in Pokhara, minutes before landing, according to the Civil Aviation Authority of Nepal.
The Enforcement Directorate (ED) had also published in leading dailies the court-issued proclamation against Mallya for appearance before the special PMLA court.
Abay Kewadkar, director, Four Seasons Wines, says there is room for expansion of the facility based on initial consumer feedback to the initiative.
Mallya, who was scheduled to appear on April 2, had asked for a month's time; if he fails to appear on April 9, agency will seek a non-bailable warrant
Liquor baron Vijay Mallya is believed to have acquired Bouvet-Ladubay, the wine subsidiary of French champagne major Taittinger for $15 million.
A court warrant in India against billionaire Vijay Mallya over his airline business has no repercussions for his Force India Formula One team, deputy principal Bob Fernley said on Sunday.
Mallya, who is wanted in India on alleged fraud and money laundering charges amounting to an estimated Rs 9,000 crore, also said all his companies have effectively ceased operations and manufacturing following the lockdown in India.
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