PMC Bank bid: The potential consortium of investors includes Germany-based Alfa Pharma GmbH, Investment Fund (Mauritius), NexPact (Mauritius), Global Com Fin Investment LLC (Dubai) and Delhi-based Avtar Instalments

The BharatPe-Centrum combine is one of the four bidders that have made submissions to the Reserve Bank of India for acquiring PMC Bank. The other bidders include UK's Liberty Group and two independent business houses

Ambani seemed to indicate that he did give a personal guarantee to India's largest lender SBI, which has moved the National Company Law Tribunal (NCLT) to recover Rs 1,200 crore

The ED had registered two cases of money laundering against Modi and his uncle Mehul Choksi, also a jeweller and another accused in the scam, on the basis of an FIR lodged against them by the CBI in January last year

Vijay Mallya lost his final extradition appeal against extradition in the UK courts last month, and he has to be extradited within 28 days

Liquor baron and fugitive businessman Vijay Mallya says it's sad that many airlines like Jet Airways are biting the dust in India; calls it 'Airline Karma'

Under the provisions of the Act, once a person is declared a fugitive economic offender, then the prosecuting agency has the powers to confiscate the accused persons' properties.

Jet Airways is in desperate need of fresh funds worth over $1 billion. The airline has said it is implementing a turnaround strategy but nothing seems to have worked so far.

Amazon plans to invest $700 mn in the Future GroupJeff Bezos-led Amazon in India has begun formal negotiations with Kishore Biyani's Future Group to invest around $600-700 million for a 12 to 15 per cent stake in the retail major as reported by the Business Standard. The two entities have signed a term sheet to take the talks further, sources said. This denotes the two sides have officially entered a pact. If the deal materialises it will most likely be a combination of cash and...

While it is certain that Mallya may not appear in person as he is contesting an Indian extradition case in London, it is expected that his authorised legal representative may submit a reply to the special court as part of his official response to the notice.

The order grants permission to the UK High Court Enforcement Officer to enter the 62-year-old tycoon's properties in Hertfordshire, near London. It permits the officer and his agents entry to Ladywalk and Bramble Lodge in Tewin, Welwyn, where Mallya is currently based.

The service tax authorities had put the luxury A319 jet, which Mallya used to crisscross the world to solicit business deals, under the hammer to recover their dues to the tune of Rs 800 crore accumulated on account of non-payment of service tax before his erstwhile Kingfisher Airlines went belly up in October 2012.

Special judge M S Azmi, dealing with the PMLA cases, issued summon after taking cognisance of the second ED charge sheet filed against Mallya and a subsequent application by it on June 22 seeking a fugitive economic offenders tag.

Vijay Mallya claimed that the value of his assets currently is much more than what it was in 2016.

The Stock Holding Corporation of India Ltd (SHCIL) has transferred the title and rights of shares worth Rs 100 crore of United Breweries Ltd (UBL), held directly and indirectly by Mallya, to the central government.