A summary of sports events and sports persons, who made news on Friday
As a multi-disciplinary organisation, SFIO probes cases of financial frauds that are referred to it by Corporate Affairs Ministry
ED had earlier issued summons to Mallya for "personal appearance" on March 18 under the provisions of the Prevention of Money Laundering Act (PMLA).
Enforcement Directorate to approach court to attach industrialist's properties worth Rs 4,000 crore
'Mallya has offered to pay the original amount.' 'Let us say he means the principal amount and that stands at Rs 5,000 crores.' 'The Indian banks have to ask themselves if they would rather have this 5,000 crores or would have none of it at all,' asks Sudhir Bisht.
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
Diageo-USL integration pushed by at least two months; Firm likely to rework agreements and seek approval again
Sebi to look into disclosure, other lapses in the Vijay Mallya, Diageo case.
In 2012, Diageo signed a deal to buy stake in USL.
'I am not a Hinduwadi leader, but a nationalist leader. I am a leader of every religion, every caste, every language and every class'
Kerala Congress-M says nobody has asked Mani to resign as UDF leaders meet to discuss the issue.
The order grants permission to the UK High Court Enforcement Officer to enter the 62-year-old tycoon's properties in Hertfordshire, near London.
The Congress chief alleged that in the 2016 demonetisation exercise, black money became white, nobody went to jail and contrary to the BJP's promise, no one received Rs 15 lakh in their bank account.
Banks asked to maintain record of cash being ferried in these vehicles all the time
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.
Assembly elections in Bihar, where the Bharatiya Janata Party is set for a battle against a united Janata Parivar, are likely to be held sometime in September-October when extensive central forces and a reworked expenditure monitoring system will be deployed to curb money and muscle power.
Sensex rises, snapping two-session losing streak; banks, auto gain.
Mallya has denied that he had fled India and said he would comply with laws.
SBI has the highest exposure of Rs 1,600 crore to the beleaguered Kingfisher Airlines.
The proclamation was issued by a special anti-money laundering court on June 14 under Section 82 of the Criminal Procedure Code
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.
Things appear to be going from bad to worse for Vijay Mallya, once known as 'King of Good Times', with the board of a company he nurtured into India's largest liquor maker asking him to quit.
'Oommen Chandy may well prove to be the Teflon chief minister whose reputation cannot be tarnished,' predicts Ambassador T P Sreenivasan.
The Bharatiya Janata Party's unit in West Bengal on Friday shot off a letter to activist Anna Hazare, questioning his support for Mamata Banerjee, and contested the 'clean' image of her government.
Mallya is a fugitive from justice in India, Attorney General Mukul Rohatgi told the Supreme Court.
As Melania Trump arrives in Ahmedabad, Sheela Bhatt offers the First Lady Of The United States a primer on one of India's oldest, and historic, cities.
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.
In an SEC filing dating back to 1997, he figures as "J Vallabh".
The agency did not seek a reappointment in FY12.
Such an exit arrangement is commonly known in the business parlance as 'golden parachute' or 'sweetheart deal'
Mallya remains elusive to India as the United Kingdom informed the government that they cannot comply with their request to deport him
The BJP threw a counter punch, claiming that the Gandhi family tried to help Mallya's floundering Kingfisher Airlines in 2011-12.
The use of Mahatma Gandhi's image on beer cans and bottle by a United States company has raised hackles with a petition being filed in a Hyderabad court alleging it had insulted the father of the nation following which the liquor company has apologised.
'Why is a commercial venture being held responsible for a situation caused by mismanagement of the state?' asks N Suresh.
As part of their deal Diageo agreed to pay Mallya, $75 million for stepping down as chairman of United Spirits and for entering into a non-compete pact
It is understood that Vijay Mallya left the country for UK on March 2 using a diplomatic passport issued to him by virtue of him being a sitting Rajya Sabha Member of Parliament.
Tag for defaults on nearly Rs 7,000 cr loans to long-grounded Kingfisher Airlines
"This 'notebandi' is a positive step which will lead to benefits. It will happen," the JD-U president said, terming corruption and black money as a "big sin and festering wound" which must be eradicated.
The 30-share Sensex ended higher by 31 points at 26,591 and the 50-share Nifty gained 10 points at 8,061.
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.
