Breaking his silence after a long time, to state the "factual position in response to the controversy unfortunately surrounding" him, Mallya said he had written letters to both the prime minister and the finance minister on April 15, 2016, to explain his side of the story. "No response was received from either of them," he said in a statement.
The indirect tax department on Thursday hinted that Vijay Mallya, owner of the grounded Kingfisher Airlines, may face prosecution in a service tax evasion case.
Ketholeno Kense featured alongside Ranbir Kapoor in the Vogue September cover.
India's football coach Stephen Constantine announced his preliminary squad of 38 probables for India's forthcoming back to back 2018 World Cup Preliminary Joint Qualification matches against Oman and Guam respectively.
Sebi's order comes close on the heels of Central Bureau of Investigation naming Mallya, Kingfisher Airlines and nine others, in the charge sheet related to the 2015 loan default case.
Analysts say mergers by India's airlines have not been successful so far because of their objectives: it's to either kill competition or acquire flying rights to fly international.
Nirav Modi, wanted in connection with the estimated $2-billion Punjab National Bank (PNB) scam case, was further remanded in custody on Tuesday by a court in London hearing India's extradition request for the diamond merchant. The 49-year-old appeared on Tuesday via videolink from Wandsworth Prison in south-west London, dressed in a maroon sweater and sporting a full beard, for his regular 28-day "call-over hearing" at Westminster Magistrates' Court, where Chief Magistrate Emma Arbuthnot extended his remand for another 28 days until December 29.
Wanted diamond merchant Nirav Modi, who remains behind bars in a London prison as he contests his extradition to India on charges of fraud and money laundering in the estimated $2-billion Punjab National Bank (PNB) scam case, will find out the UK court's ruling in the nearly two-year-long legal battle on Thursday. The 49-year-old is expected to appear via videolink from Wandsworth Prison in south-west London at Westminster Magistrates' Court, where District Judge Samuel Goozee is set to hand down his judgment on whether the jeweller has a case to answer before the Indian courts. The magistrates' court ruling will then be sent back to UK Home Secretary Priti Patel for a sign off, with the possibility of appeals in the High Court on either side depending on the outcome.
Usha Ananthasubramanian said the bank will leave no stone unturned to recover unpaid loans.
With airfares mounting in the last couple of weeks primarily due to cancellation of Kingfisher flights, aviation regulator DGCA on Thursday warned airlines not to raise air ticket prices beyond a given range.
A Delhi court has issued notice to liquor baron Vijay Mallya on ED's plea seeking to withdraw the exemption granted to him from personal appearance in a case for allegedly evading summons in connection with purported violation of foreign exchange rules.
An official request has been made to the CBI to get a notice issued through its Interpol wing
Shares of State Bank of India plunged sharply by over 8 per cent on Wednesday, on concerns about its exposure to Kingfisher Airlines and reports about public sector lender giving fresh loans to the debt-ridden carrier.
According to sources, the airline has requested the consortium for a working capital support of Rs 200-300 crore (Rs 2-3 billion) and individual banks are expected to take a call on this in the next few days.
Air Deccan, which was renamed Simplifly Deccan after the merger with Kingfisher last year, is now called Kingfisher Red. According to the data released by the civil aviation ministry on Thursday, IndiGo's market share is 10.3 per cent, while that of Air Deccan trailed behind at 10.2 per cent.
Says market share will further increase after induction of Boeing 787 Dreamliners and flights to new destinations.
In her latest book, How to love your body and get the body you love, Yaana Gupta talks about the insecurities she faced as a model and her struggle to come to terms with her body. Talking to rediff.com, the former Kingfisher swimsuit model reveals the dark, depressing side of the modelling industry where size zero isn't an option but rather a necessity.
In her latest book, How to love your body and get the body you love, Yaana Gupta talks about the insecurities she faced as a model and her struggle to come to terms with her body. Talking to rediff.com, the former Kingfisher swimsuit model reveals the dark, depressing side of the modelling industry where size zero isn't an option but rather a necessity.
Kingfisher Airlines will have to pay Rs 60 lakh daily for operating flights.
Beleaguered businessman Vijay Mallya on Thursday told the Supreme Court that banks have no right over the information of his overseas movable and immovable assets as he was an NRI since 1988.
Ernst and Young, advisers to Air Sahara, had valued Air Sahara at between $750 million and $1 billion.
Most of India knows Deep Sidhu as the man who planted the Sikh religious flag on Red Fort.
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