A defiant Vijay Mallya has confirmed his plans to initiate a lengthy appeal process against the UK government’s order to extradite him to face charges of fraud and money laundering amounting to nearly Rs 9,000 crores in India.
Category: Business Standard
Business Standard
No objection to restoration of Vijay Mallya’s properties to banks: ED
The Enforcement Directorate (ED) told a special court here on Tuesday that it had no objection to restoration of fugitive businessman Vijay Mallya’s properties to a consortium of banks, but the banks should give an undertaking to return the amount claimed by them to the court in the future.
Coal India to raise Rs 1050 crore via its second-ever share buyback
Coal India, on Monday, decided to buyback 44.68 million shares of the company from the market at a price of Rs. 235 apiece which will fetch the Maharatna company a targeted Rs. 1050 crore. Its cash rich subsidiaries – Mahanadi Coalfields (MCL), South Eastern Coalfields (SECL) and Northern Coalfields (NCL) – will be funding the […]
Indraprastha Gas hits 6-month high ahead of December quarter earnings
Shares of Indraprastha Gas (IGL) were up 3 per cent to Rs 301 apiece on BSE in the early morning trade on the expectation of healthy performance during the quarter. The state-owned company is scheduled to announce its October-December 2018 quarter (Q3FY19) results on Wednesday, February 6, 2019.
Curious case of Norway’s 60 mn barrels of missing oil and shrinking bounty
Norway has built a reputation as one of the calmest and most predictable corners of the global oil industry, but lately it’s been full of surprises.
Another twist in Essar Steel case as BPCL seeks its liquidation at NCLT
In a yet another turn to the insolvent Essar Steel Ltd (ESL) case, one of its operational creditors (OCs), Bharat Petroleum Corporation Limited (BPCL), on Monday sought the steelmaker’s liquidation at the National Company Law Tribunal (NCLT)’s Ahmedabad bench.
Odisha electrifies 2.2 million more households, achieves ‘Power for All’
The Odisha government has completed electrification of 2.2 million more households in this fiscal, ramping up the count of electrified households in the state to 9.6 million.
EU suspends Turkmenistan Airlines from UK, Indians lose a budget route
The UK government on Monday announced that the European Union (EU) has suspended Turkmenistan Airlines flights over safety concerns, affecting budget flights that operate from India.
Gadkari only one in BJP with guts, should also comment on Rafale: Rahul
Congress president Rahul Gandhi on Monday complimented Union minister Nitin Gadkari for his remarks that “one who cannot take care of home, cannot manage the country”, saying he has guts and should also comment on the Rafale deal, “farmers distress and destruction of institutions”.
VVIP chopper scam: Court extends ED custody of Rajeev Saxena by 4 days
A Delhi court Monday extended by four more days the ED custody of Rajeev Saxena, an accused recently deported from Dubai in the Rs 3,600-crore AgustaWestland money laundering case.
Govt submits debt resolution plan for IL&FS; ex-SC judge to oversee process
The government on Monday submitted a debt resolution plan for crisis-hit IL&FS to the National Company Law Tribunal, proposing that retired Supreme Court judge Justice D K Jain supervise the process.
NCLAT asks govt for list of IL&FS firms categorised by financial position
The National Company Law Appellate Tribunal (NCLAT) on Monday directed the central government to submit a list of subsidiaries of the Infrastructure Leasing & Financial Services (IL&FS), categorised by their ability to meet payment obligations as decided by the newly constituted board of the company.