With their net debt estimated at Rs 1.15 trillion, the merged entity will not be in much of a position to dole out freebies, says Romita Majumdar.
The judge said the assets of the respondent company cannot be left under the control of UBHL and could be handed over to official liquidator to achieve the winding up process s per the law.
Grover Vineyards plans to sparkle, literally and otherwise. In three years, come the festive season of 2010, it will launch its sparkling wine. Plus, it has taken a series of steps which will enable it to retain its presence at the quality end of the booming Indian wine market. This market is set to drastically change with the sharp cut in import duty on foreign wines and the launch of wines by brewers and distillers like UB, Seagram and Diageo.
The calender aims to boost fashion and tourism in India.
The Kingfisher-Air Deccan group will be the largest domestic airline with a fleet of 71 aircraft, including 41 Airbuses and 30 ATRs.
Although industry analysts are welcoming Kingfisher Airlines' stake acquisition in Air Deccan as the right move towards consolidation
Wednesday's acquisition of Whyte & Mackay for $1.18 billion puts Mallya in the hallowed bracket.
The company, owned by the UB Group, had been relying on internal group reserves and debt to manage its operations over the past two years and this infusion is expected to fuel its sustained growth.
Sources close to the development told PTI that the open offer was expected to be announced next week. The share price for the open offer would be Rs 155 per share, the amount UB Holdings paid for picking up the 26 per cent stake.
In the case of Iran, the lifting of sanctions has paved the way for direct relations.
The Indian star improved by four shots with a second round of two-over-par 73 at Carnoustie but his eight-over-par 150 meant he would not feature in the weekend of a Major for the first time in five appearances.
Kingfisher Airlines said it would "vigorously challenge" the bank's decision.
The government had last sold 5 per cent stake in ONGC in 2012 for Rs 14,000 crore (Rs 140 billion).
UB Group chairman Vijay Mallya and Airbus chief operating officer John Leahy signed an MoU to this effect at the 47th International Paris Air show on Wednesday.
'The appellant (Mallya) has five business days to apply for oral consideration. If a renewal application is made, it will be listed before a high court judge and dealt with at a hearing,' a spokesperson for the UK judiciary said.
Mallya has denied that he had fled India and said he would comply with laws.
He's also enjoying a new level of corporate respect.
The scrip is moving northwards since last one month, as Deccan Aviation was considering proposals to infuse additional capital by way of private equity or stake sale.
If the rupee falls further, it would negatively impact the dollar-based returns of foreign investors, and could influence foreign flows into India.
The Ratnagiri Gas and Power Pvt Ltd is likely to get gas for power production by June-end, GAIL (India) chairman UB Choubey said.
Global IT firms seeing dearth of talent in countries such as US, looking for people with such skills from countries like India
Preservation of wealth has become the mantra as private bankers are broadening their relationships with exporter communities and family-owned firms.
2006-07 saw mixed returns for mutual funds. Compared with the previous financial year, the returns have declined, mainly due to a fall in the stock prices. The net asset value of most equity funds fell nearly 10 per cent since January 2007.
He shot four-under 68 for a tied 27th place after the third round of the TCL Classic tournament.
Diageo on Thursday took full control of South African beer maker United National Breweries.
With nearly 5% share in the world generic market, are Indian pharma companies ready to go global? How competitive are their current business models?
India's rising star Shiv Kapur will have one last throw of the dice at the season-ending Volvo Masters of Asia next week as he bids to end his year with a victory.
The FTSE 100 is up by about 2 per cent since the start of 2015, although the index is down 6 per cent from a record high of 7,122.74 points reached in April.
The realty run-up in the tier-II cities in north India are outrunning the employment opportunities, says Unitech's MD Sanjay Chandra.
Jeev Milkha Singh's maiden UBS Order of Merit title and four victories around the globe dominated the season that included numerous milestones.
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