More than a year after joining hands with Kingfisher Airlines, Jet Airways is still in talks with the Vijay Mallya-led carrier for code sharing and other initiatives to achieve operational synergies and reduce costs.
Heineken, among the world's top brewing firms, had been in protracted negotiations with UB, India's largest brewing firm and owned by billionaire Vijay Mallya. However, according to UB sources, Heineken is understood to have now agreed to bring Asia Pacific Breweries' India operations into the UB fold, thus ending the year-long impasse.
Union Home Secretary Rajiv Mehrishi raised the issue of early completion of the extradition process of Mallya, during his talks in New Delhi with his UK counterpart Patsy Wilkinson, the second permanent secretary in the British home office.
The ED had filed an application before a special PMLA court seeking the 'fugitive' tag for Mallya under the Fugitive Economic Offenders' Act, 2018.
Royal Challenger Bangalore owner Vijay Mallya on Saturday threw his weight behind beleaguered Lalit Modi, and said the Indian Premier League commissioner should be given a chance to defend himself in the wake of the raging controversy.
When Vijay Mallya plants a kiss on anyone's cheek it makes for a story and picture, more so when the Virat Kohli is the one at the 'receiving end'. Also, when Michael Schumacher's son, Mick, makes his motor sport debut the picture becomes worth a thousand words. Here again, Rediff.com has these and a lot more exciting events from the week gone by snapped right here.
Punters have been given the opportunity to bet online on the semi-finals being played at Mumbai on a website owned by IPL's official digital media parter Global Cricket Ventures.
He still owes hundreds of crores to OMCs.
The UK Home Secretary will have to sign Mallya's extradition order within two months. However, Mallya's defence team has a chance to appeal in higher courts in the UK against the verdict.
The consortium led by SBI has also initiated the process of recovery.
The data of the director general of civil aviation, which publishes monthly data on registration, deregistration and change of ownership of the aircraft, showed that in December 2008, Kingfisher returned six Airbus and one ATR aircraft to the lessors.
India's second largest private carrier Kingfisher Airlines plans to more than double its fleet strength by adding 67 more aircraft by 2016, according to an investors' presentation made by the company.
'I am ready pleased with the new car and it feels much better. It already gives more grip than the last year,' says Force India driver Adrian Sutil.
After a fairytale 2009, Force India owner Vijay Mallya now wants the Formula One outfit to reach the next level this year where regular points and occasional podium finishes would be the order of the day.
Abay Kewadkar, director, Four Seasons Wines, says there is room for expansion of the facility based on initial consumer feedback to the initiative.
Barely a day after Force India's historic podium finish at the Belgian Grand Prix, a war of words broke out between Sports Minister M S Gill and Vijay Mallya on the government's refusal to acknowledge Formula One as a sport.
After 29 false starts, the Vijay Mallya-owned Force India finally nixed the hoodoo and scored their maiden Formula One points with Giancarlo Fisichella finishing second in the Belgian Grand Prix on Sunday.
India's hopes of hosting a Formula One Grand Prix in 2011 are on track despite exchange control obstacles, according to Force India team owner Vijay Mallya.
Some of India's largest groups, including the Tata family controlled companies, the Ambani family controlled Reliance and Vijay Mallya's UB Group, have pledged large stakes in their listed companies as collateral to lenders, new disclosure requirements reveal
Given that debt is a major problem for most airlines, investors with a medium-term horizon should look at them.
Vijay Mallya-promoted United Spirits Ltd has told its investors that at its current growth rate of 12 per cent annually, it will become the world's number one spirits company this fiscal.
Force India unveiled their new car on Tuesday, saying greater stability than other Formula One teams would boost their chances this season. Vijay Mallya's team finished ninth out of 10 last season but improved significantly in the closing stages and are bullish for 2010 despite missing a deadline to file their annual accounts.
Sources said India expects forward movement in Mallya's extradition from the United Kingdom following the talks.
Syed Firdaus Ashraf unravels the chronology of controversy in the Aryan Khan drug bust case.
Bajaj also said that bank officials, who give loan on the basis of the just brand of a company, were 'either corrupt or highly inefficient'
#MainBhiChowkidar was trending world wide on Twitter.
UB Group stocks, led by United Breweries Holdings Ltd, on Monday slumped by up to 5.3 per cent as trouble mounted for Vijay Mallya.
He was also the chief financial officer of Kingfisher Airlines.
Liquor-baron Vijay Mallya today virtually asked the Gujarat government to lift prohibition in force in the state.
The star couple met on the sets of Danny Boyle's Slumdog Millionaire.
The government on Wednesday cleared 21 FDI proposals worth Rs 84.90 crore (Rs 849 million), most of which is likely to be brought in by the world's largest chemical company BASF through an open offer.
United Spirits Ltd, owned by Vijay Mallya-controlled UB Group, is set to become the world's second-largest spirits firm by volumes, dislodging Paris-headquartered Pernod Ricard.
He is part of an unenviable list of MPs who have been expelled from Rajya Sabha.
Kingfisher has five A330-200s currently operating in its fleet, which ply between India and the United Kingdom. Deliveries are pending for another 15. Contacted by Business Standard, a company spokesperson said the airline did not ". . .envisage making any changes to the order book at this time".
Kingfisher Airlines, National Aviation Company of India Limited -- the state-owned company that runs Air India -- and Indigo could face additional cost pressures, with reinsurance rates expected to harden following the accident involving the Air France aircraft that was flying from Rio de Janeiro to Paris with 228 passengers on board.
Britain's Paul di Resta, the cousin of IndyCar champion Dario Franchitti, will test for Force India in Spain next week along with young American J R Hildebrand, the Formula One team said on Tuesday.
The British government has turned down India's request for the extradition of Tiger Hanif, an alleged aide of underworld don Dawood Ibrahim wanted in India in connection with two bomb blasts in Surat in 1993, the UK home office has confirmed.
The Year of India in Russia - as 2009 is officially known - has helped India Inc get into a long bear hug with the Russian consumer. They are lapping up everything - from Ratan Tata's marquee cars to Vijay Mallya's whisky.
Mallya's lawyer said he wants to return, but a British court has prohibited him from leaving the UK without its permission.
Danish beer giant Carlsberg is all set to commence production from its 2 greenfield breweries - one each in Aurangabad & Kolkata. Carlsberg together with beer major Heineken is part of the $11 bn global takeover of British brewer Scottish & Newcastle, which has 37.49% stake in Mallya's United Breweries. Heineken is also planning to launch its flagship beer brand Heineken in association with Asia Pacific Breweries. Total beer market in India is valued at 8 million hectolitres.
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