I request the banks with folded hands, take 100 per cent of your principal back, immediately, he said outside the Royal Courts of Justice in London

Vijay Mallya extradition case: Liqour baron Vijay Mallya seems to have got another lease of life after his lawyers claimed in the UK's Royal Court of Justice that his extradition order was full of \"multiple errors\". Mallya avoided media interaction and said \"I'm here to listen\"

India wants to bring back Mallya, whose business interests have ranged from aviation to liquor, over $1.4 billion in loans Kingfisher took out from Indian banks which the authorities argue he had no intention of repaying

The Royal Courts of Justice in London will hear the appeal against a magistrates' court extradition order, signed off by former UK Home Secretary Sajid Javid in February last year

The minor promoter stakes in these two liquor manufacturing companies that are still in the name of Vijay Mallya and his companies are valued at Rs 4,526 crore, according to the Monday share prices

\"Reduction of corporate tax rate is a first supply side move to get private investment back; for many years, India was disproportionally dependent on consumption driving economic growth and not investment. On demand side, we need to get more confidence,\" says Kotak

A UK court last month had reserved its judgement on a plea by a consortium of Indian public sector banks led by State Bank of India (SBI), seeking a bankruptcy order against Mallya as part of efforts to recoup around 1.145 billion pounds in unpaid loans

IndiGo and SpiceJet, India's two biggest airlines, reported Rs 1,062 crore and Rs 463 crore loss respectively in the second quarter of 2019-20

These are cases where SBI suspects borrowers have not paid up despite having money, have diverted bank funds for purposes other than stated initially, have siphoned off funds, or have disposed of charged assets bought from the bank funds

Cabinet approves amendments to streamline Insolvency and Bankruptcy CodeThe Union Cabinet has approved certain amendments to the Insolvency and Bankruptcy Code (IBC) during its meeting on Wednesday. The changes in bankruptcy law are meant to help investment in troubled sectors, protect corporate debtors, and to prevent ill-thought-out triggering of bankruptcy proceedings. The amendments also ensure that the foundation of a corporate debtor's business remains safeIndian banks seek ...

Verdict in the case is now expected only in the New Year, when the judge could either dismiss the petition and find in favour of the 63-year-old businessman or adjourn the case until the UB Group chief's latest settlement offer is decided upon by the Indian courts

The aviation sector is facing strong headwinds due to economic slowdown and spike in costs

Since the beginning of 2019, air passenger traffic started slipping, but the real trouble started when Jet Airways went out of business in April. It led to sudden vacuum in capacity, which meant higher airfares

Applicants must be 45 to 57 years of age, with 15 years in mainstream banking and at least one year at the board level.

It is alleged that foreign airlines were given unrestricted entry into India and major routes were given to them without taking any reciprocal benefits to Air India.

Article 370 fallout: Pakistan suspends bilateral trade with India, expels envoyA day after Indian government scrapped Article 370, which gave special status to Jammu and Kashmir, Pakistan on Wednesday said that it will be downgrading diplomatic relations with India. It has said that it will be expelling the Indian High Commissioner and suspending bilateral trade with New Delhi.Auto firms seek tax cuts, easier finance access to revive salesIndia's auto industry demanded tax cuts an...

In his latest offer, Vijay Mallya quoted finance minister Nirmala Sitharaman's Lok Sabha statement from last week that business failures should not be tabooed

Is the truce between the warring co-founders of IndiGo for real?

Meanwhile, Bank of Baroda in a separate filing said that the apex bank has levied a fine of Rs 50 lakh on it for delay in reporting fraud in an account.