The total reserve price for the two choppers was Rs 3.5 crore, as per the sale proclamation document issued by the Debts Recovery Tribunal.

If govt allows, I can sell petrol, diesel for Rs 35-40 per litre, says Baba RamdevAs petrol and diesel prices continue to break records every day, yoga guru Baba Ramdev has said if the government allows, he can sell petrol and diesel for just Rs 35-40 per litre. He also called for bringing petrol and diesel under the lowest slab of the uniform Goods and Services Tax (GST), and not the 28 per cent rate, as people's \"pockets are being emptied\". Raising questions over the governmen...

The ambitious UDAN Scheme has got off to a slow start as airlines navigate the challenging operating conditions after the initial enthusiasm.

This would be first charge sheet in the case pertaining to loans of over Rs 6,000 crore given to Kingfisher by a consortium of 17 banks led by State Bank of India which alone had an exposure of Rs 1,600 crore.

Mallya kept borrowing more and more to keep KFA flying - putting up his shares and other assets as collateral to keep getting loans from banks.

Rajnish Kumar further stated that SBI takes action with all alacrity and with very strong, proactive measures.

Defending his case, Mallya's lawyer Clare Montgomery argued that the Indian government has failed to provide any substantial evidence to form a 'prima facie' case of fraud against him, justifying his extradition.

The Westminster Magistrates' Court in London was hearing the closing arguments in the extradition case against Mallya on Wednesday, as well as review the video of jail cell prepared for him by the Indian authorities.

Depending on its findings, the London court will take a final call on handing over the absconding liquor baron to India.

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.

Liabilities of big wilful defaulters of scam-hit Punjab National Bank (PNB) fell by 1.8 per cent to Rs 15,175 crore by July-end over the previous month. Such borrowers had an outstanding of Rs 15,355 crore at end of June this year.

Jet Airways, however, claimed that its account with SBI and all other banks is \"standard\" and it has not defaulted on any of its payment obligations.

'No' says Jet Airways emphatically. But with mounting losses, negative net worth of Rs 7,100 crore and liabilities well in excess of assets, it may be very, very close.

Even after seeing his business turn upside down and the Indian authorities desperately pushing for his extradition, Mallya's London home has all the worldly luxurious things one can imagine, one of which is a golden toilet.

Mallya, who has been on the run since March 2016 because of his failure to repay Rs 9,000 crore to various banks, is currently living in London.

Vijay Mallya is fighting extradition to India on charges of fraud and money laundering amounting to around Rs 9,000 crores. If extradited, he could be kept in the Arthur Road jail.

The team means a huge amount to himand he's devastated with the situation as it is at the moment. But as the majorcreditor he hopefully can make sure it is in the right hands going forward togo on to better things, says Mallya's right-hand man BobFernley.

NCLT to pronounce verdict in Ratan Tata-Cyrus Mistry caseThe National Company Law Tribunal (NCLT) will pronounce its judgement on a petition filed by Cyrus Mistry challenging his dismissal as chairman of the Tata Sons. The Board of Tata Sons had abruptly removed Mistry as its chairman on October 24, 2016 and sought his ouster from other group companies. He subsequently resigned from the board of six firms, but dragged Tata Sons and his then interim successor Ratan Tata to the NCLT...

Dues from big wilful defaulters of Punjab National Bank fell by 0.87 per cent to Rs 15,354.52 crore on June 30 compared to previous month, the bank data has showed. Such borrowers had an outstanding of Rs 15,490 crore at the end of May 2018.

SBI is the leader of the consortium of 13 banks that lent about Rs 9,000 crore to Mallya's now defunct Kingfisher Airlines. The state-run lender has appointed a valuer to assess the value of Vijay Mallya's assets.