Vijay Mallya

Mallya proposes to repay Rs 4,000 crore of his dues

The lender-bank consortium that has accused him of defaulting Rs 6630 crore, will be paid Rs 4,000 crore by Sep. 31, he says.

Mar 30, 2016

Heineken raises stake in India's United Breweries to 43%

Heineken, which bought a 37.5 percent equity stake in United Breweries in 2008, previously owned 42.2 percent of United Breweries.

Mar 24, 2016

Vijay Mallya discredited India's private sector: Arun Jaitley

Arun Jaitley was responding to a question on Vijay Mallya's bank loans of about Rs 9,000 crore.

Mar 22, 2016

Mallya to consider employee dues, chart a new debt repayment offer

Mallya reportedly wants to stand up to his business leader credential, settle both Kingfisher Airlines loans and employee payments.

Mar 21, 2016

IPL 2016: Vijay Mallya resigns as director of RCB

RCB has intimated BCCI about Mallya's resignation.

Mar 18, 2016

Dutch firm Heineken may ask Mallya to step down from UB board: Report

Heineken could either ask Mallya to step down from the board or call a shareholding meeting to vote for having him removed.

Mar 17, 2016

Vijay Mallya seeks time till April to appear before ED; tweets about Chris Gayle, Formula One

The Enforcement Directorate summoned the liquor baron March 18 and is reportedly mulling "legal action" against him if he fails to appear.

Mar 17, 2016

Airbus continues trimming Kingfisher's orders from its book

The now-defunct Kingfisher Airlines belonging to Vijay Mallya's UB Group had ordered 15 aircraft, Airbus said.

Mar 17, 2016

Mallya's Kingfisher House finds no taker in e-auction

An analyst had said before the auction that the base price was too high at Rs 150 crore.

Mar 17, 2016

Hyderabad court issues non-bailable warrant against Vijay Mallya

The Hyderabad International Airport had filed 11 cases against Kingfisher Airlines for failing to pay Rs eight crore.

Mar 13, 2016

Sebi bars wilful defaulters from accessing stock markets

Under Indian law willful defaulters are firms or individuals "who deliberately thwart repayment of dues to lenders"

Mar 12, 2016

Vijay Mallya case: Kingfisher Airlines employees plan to move Supreme Court

The employees of now-defunct Kingfisher Airlines headed by Vijay Mallya had Saturday also written a letter to PM Narendra Modi.

Mar 12, 2016

Kingfisher Airlines Case: Fraud Office probes 17 lender banks

Serious Fraud Investigation Office (SFIO) now questions the source of the banks' monies and its flows.

Mar 12, 2016

ED summons Vijay Mallya

It has also asked Kingfisher CFO, IDBI officials to appear before it in a money-laundering probe

Mar 11, 2016

Diageo-owned United Spirits accelerates plans to sell residential properties: Report

The Indian liquor company's 13 properties spread across the world have a combined value of about Rs 2,900 crore, says ET.

Mar 11, 2016

'I did not flee India,' tweets Vijay Mallya; ED issues summons

Mallya reportedly flew to London last week.

Mar 11, 2016

Vijay Mallya case: No lapses in initiating action against former United Spirits chairman, says State Bank of India

In a statement on Thursday, India's biggest lender listed a series of steps taken to recovery the overdue loans.

Mar 10, 2016

IPL team Royal Challengers Bangalore owned by Diageo-controlled United Spirits is a loss-making venture

Royal Challengers Bangalore belongs to RCSPL, a subsidiary of United Spirits, and incurred a net loss of Rs 30 crore in FY2015.

Mar 10, 2016

Kingfisher Airlines staff protest over Rs 300 crore unpaid wages

Employees of the long-grounded airline accused that the company has been a habitual defaulter with regard to their salary and other dues.

Mar 10, 2016

Congress attacks BJP-led govt over Vijay Mallya leaving India; What about Quattrocchi, Jaitley asks

Finance Minister Arun Jaitley said in the Rajya Sabha there was no order by any agency to stop him on the day he left.

Mar 10, 2016