Diageo on Thursday took full control of South African beer maker United National Breweries.
By registering the fresh case, ED wants to strengthen its probe against the beleagured liquor baron and expedite a slew of actions it has initiated against him
Brimming with confidence after getting a pat on the back by Force India owner Vijay Mallya, India's driver Armaan Ebrahim is targeting a strong performance in Barcelona to finish his F2 season on a high.
India's tough stance is better late than never.
Airfares may be in for an upswing. Thanks to Vijay Mallya-promoted Kingfisher Airlines acquiring 26 per cent stake in country's largest and first budget carrier Air Deccan.
Mallya is separately fighting extradition to India on fraud and money laundering charges worth an estimated Rs 9,000 crore
Mallya claims private airlines were discriminated against by the Indian government, which bailed out state-owned Air India but did not assist his own Kingfisher Airlines and now Jet Airways.
The Enforcement Directorate had asked for financial details from both public and private sector banks and a part of these details were submitted last week
Embattled liquor tycoon Vijay Mallya on Monday lost his high court appeal against his extradition order to India in relation to charges of fraud and money laundering amounting to an alleged Rs 9,000 crores.
UAE-based aviation support company Alna Aero Distributional Finance Holdings offered only Rs 1.09 crore.
The UK Crown Prosecution Service said Mallya's appeal to certify a point of law was rejected on all three counts, of hearing oral submissions, grant a certificate on the questions as drafted, and grant permission to appeal to the Supreme Court.
Mallya intends to protect his shareholding in India's largest brewer in which Dutch brewer Heineken holds 37.5% stake.
Agency sources said that besides Mallya, his companies Kingfisher Airlines and United Breweries Holdings Limited have been named as accused in the FIR.
Vijay Mallya-owned private air-carrier, Kingfisher Airlines is in talks with a top former executive of the budget airline, SpiceJet to take him onboard and a final decision on the issue is expected shotly, sources said.
Sebi has now proposed that the Companies Act should also clearly mention that a person should vacate the office of a director if it orders his or her disqualification.
While one NBW was issued in a 2012 cheque bounce case following Mallya's non-appearance, another was in a case of allegedly evading summons in a FERA violation matter.
Bollywood actor Salman Khan launched the Kingfisher Calendar 2011 in Mumbai over the weekend. Here's a look at the stars in attendance!
Force India are hoping Nico Hulkenberg's triumph at the Le Mans 24 Hours race will have a knock-on effect for them at next weekend's Austrian Formula One Grand Prix.
The carrier commenced international operations last year and currently flies to Singapore, Hong-Kong, Colombo, Dubai and Dhaka apart from other destinations.
Tag for defaults on nearly Rs 7,000 cr loans to long-grounded Kingfisher Airlines
Such an exit arrangement is commonly known in the business parlance as 'golden parachute' or 'sweetheart deal'
Five photos of western style toilets were presented to convince the court that acceptable standards would be extended to Mallya.
The large wilful defaulters, according to the list published by PNB, include embattled businessman Vijay Mallya's Kingfisher Airlines with an outstanding of Rs 597.44 crore.
Vijay Mallya-promoted Kingfisher Airlines, which recently got approval to fly on nine international routes, today said it will start direct daily flights from Mumbai to London from January 5, 2009.
BJP spokesperson alleges that the then Principal Secretary to Prime Minister Pulok Chatterjee would "snatch files" from Dr Manmohan Singh to take it to 10 Janpath, Sonia Gandhi's residence.
The Supreme Court on Monday dismissed a plea of fugitive businessman Vijay Mallya seeking review of its 2017 order holding him guilty of contempt of court for transferring USD 40 million to his children.
Low-cost carrier Simplify Deccan will be rebranded Kingfisher Red, a separate brand identity from Vijay Mallya-promoted full-service carrier Kingfisher Airlines.
DIAL has filed four cases against Mallya over KFA's cheques totalling Rs 7.5 crore not being honoured.
Terming as a "miracle" liquor baron Vijay Mallya's success at the auction of his great grandfather Mahatma Gandhi's personal belongings in the United States, Tushar Gandhi on Friday said he was delighted that the memorabilia will come back to India.
The company contented before the tribunal that the amount was paid outside India.
If Mallya does not appear before the court, he risks being declared a fugitive economic offender, besides properties linked to him being confiscated.
Heineken could call a shareholder meeting to vote on his ouster from a company his father built into a family empire
The other two companies were Spanco Limited (Rs 37 crore or Rs 370 million) and Arch Pharma (Rs 56 crore or Rs 560 million).
The judge confirmed that the bulk of the evidence submitted by the Indian authorities will be admissible
Indian billionaire Vijay Mallya's move to rope in Diageo -- the world's largest spirits firm -- as a strategic partner in his flagship firm United Spirits has hit an anti-trust roadblock. The companies have been in discussions for almost a year to hammer out a deal in which Diageo was expected to pick up a little over 14 per cent stake in USL for around Rs 1,200 crore.
Liquor baron Vijay Mallya, facing probe in a loan default case of IDBI bank, apparently managed to leave the country in spite of a look-out notice against him by CBI.
India has no Formula One driver and there will be no Grand Prix here next year but Force India co-owner Vijay Mallya believes he has unearthed the country's next driving talent in a Mumbai teenager.
"Since 2014, I have never given him any appointment to meet me and the question of his having met me does not arise," Finance Minister Jaitley said in a Facebook post.
The Deccan brand, once synonymous with lost cost flying in India, will cease to exist after its merger with the Vijay Mallya promoted Kingfisher Airlines, which will takeoff for international destinations by August. "Deccan will cease to exist because after the merger there will be only one company and that will be Kingfisher Airlines," UB Group chief and Kingfisher Airlines Chairman Vijay Mallya told reporters in Baramati.
At the heart of Friday's case lay an ICICI Bank loan owed by Mallya's Watson and CASL, for which Diageo stepped in as a backstop so that it could be refinanced by Standard Chartered Bank.
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