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...

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.

CBI had then said there was no need to arrest or detain him as he was a sitting MP and there was no warrant against him

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\"This is a clear-cut case of collusion. There is some deal between them (Jaitley and Mallya). FM Arun Jaitley must resign and this should be investigated,\" says Rahul.

RBI pulls back rupee from the brink by selling dollarsThe rupee slumped to a historic low of 72.91 in morning trade on Wednesday forcing the RBI to sell US dollars in the market through public sector banks to bring the Indian currency back from the brink. The government also issued a statement that the rupee would not be allowed to crash to an unreasonable level which further bolstered sentiments and enabled the rupee to climb back to 72.18 vis-a-vis the US dollar at the end of th...

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.

When asked if he is still interested in settling his dues with PNB, Choksi said, \"My brand value has come to zero. Everything I have has been seized. They can sell off my assets and pay whoever has to be paid.\"

Liquor baron Vijay Mallya told Indian mediapersons that his return to India rests on the court's decision. He was spotted at the fifth Test match between India and England at The Oval cricket ground.

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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.

Earlier, the Westminster court, which is hearing Vijay Mallya's extradition case in the UK, had asked the Indian authorities to submit a video of the Arthur Road Jail where they planned to keep liquor baron after extradition.

There are chances that the UK might accept India's extradition request as the UK's Crown Prosecution Service had informed India in June that it could initiate extradition proceedings against Nirav Modi even though his exact whereabouts at that time were uncertain.

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.