Fresh trouble seems to be brewing for liquor baron Vijay Mallya, with Mumbai International Airport (MIAL) deciding to sell a mid-sized corporate jet owned by his group company. The nine-seater HS 125-700B aircraft is a 30-year-old plane registered in the name of Shaw Wallace and Company, Kolkata, according to the Directorate General of Civil Aviation (DGCA) records. The aircraft was earlier owned by EIH (Oberoi group). Mallya’s UB Group acquired Shaw Wallace in 2005 and is now a part of ... Rediff.com, 1 month ago
After Vijay Mallya's exit, his stepmother joins MCF board - Rediff.com, 1 month ago
Vijay Mallya quits from Mangalore Chemicals Board, company's stock price sores - Deccan Herald, 2 months ago
A top SBI official said this was part of an aggressive action by the lenders after Kingfisher Airlines defaulted on payments on loans worth Rs 7,000 crore (Rs 70 billion). State Bank of India has advised all companies in which UB Group chairman Vijay Mallya is a director that it will be difficult for the bank to lend fresh funds if Mallya remains on the board. This means Mallya, who is on the board of United Breweries and United Breweries (Holdings), or UBHL, might have to resign in the near ...Rediff.com, 1 month ago
A look at the Kalanithi Maran-controlled airline's place in the domestic aviation sector SpiceJet’s parent company has already announced it cannot afford spending more to rescue the beleaguered low-cost airline, adding another layer of uncertainty over its future. According to estimates by the Centre for Asia-Pacific Aviation, Kalanithi Maran-controlled SpiceJet, India’s third-largest air carrier in the domestic market, will need more than Rs 1,800 crore (Rs 18 billion) to stabilise ...Rediff.com, 1 month ago
Upping the ante against Deepak Fertilisers in the race for acquiring Mangalore Chemicals and Fertiliser Ltd (MCFL), key shareholder Zuari Fertilisers and Chemicals Ltd on Thursday made an open offer to acquire up to 3,07,00,000 shares of MCFL at an offer ...Deccan Herald, 1 month ago
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