Mallya loses $1.55 billion assets case in UK court

Judge Andrew Henshaw refused to overturn a worldwide order freezing Mallya's assets and upheld an Indian court's ruling that a consortium of 13 Indian banks were entitled to recover funds amounting......

Aberdeen seeks $150 mn damages from Mahindra Satyam

Mahindra Satyam (formerly Satyam Computer Services Limited) on Sunday said that a group of investors led by Aberdeen Asset Management have claimed damages of over $150 million (approximately 750......

Cash-strapped IA shells out about Rs 2.5 crore

Poor decision-making by officials of the cash-strapped Indian Airlines (now Air India) resulted in payment of about Rs 2.5 crore (Rs 250 million) as compensation to a British firm for aborting a......

Distacom drags Spice to court

Distacom Communications Ltd has accused Spice Communications Ltd and Siemens Aktiengesellschaft of attempting to withdraw $13 million from Spice's bank accounts without the company's board......