MALLYA

  • Formula One: Force India to use Toyota wind tunnel December 4, 2014

    Force India will use Toyota's wind tunnel in Germany for all their aerodynamic testing from next season, the British-based Formula One team announced on Thursday. "The decision to use Toyota's facility in Cologne is indicative of our ambitions to continue as a competitive force in Formula One," said team principal Vijay...
  • From bad to worse: Vijay Mallya loses posts at Kingfisher, MCFL December 1, 2014

    New Delhi: In a double-whammy for flamboyant businessman Vijay Mallya, the government has annulled his re- appointment as Managing Director of Kingfisher Airlines while he also had to quit from board of another group company MCFL. This comes close on the heels of minority shareholders of United Spirits, once a prized...
  • Why Siddharth Mallya's sexual orientation is none of our concern November 27, 2014

    New Delhi: Gay men are impeccably well dressed, they happen to have an exceptionally defined jawline and also tend to be constantly surrounded by women. Well, we are not saying that, but this definition comes from son of aspiring actor and business tycoon, Siddharth 'Sid' Mallya. In his new episode...
  • Vijay Mallya says Force India will race on November 10, 2014

    Force India co-owner Vijay Mallya has rejected speculation about his Formula One team's finances, saying they will be racing for years to come. Speaking at the Brazilian Grand Prix, where only nine teams competed on Sunday, Mallya said Force India would not be following Marussia and Caterham onto the sporting...
  • Vijay Mallya denies Force India ever considered boycott November 8, 2014

    Sao Paulo: Force India principal and co-owner Vijay Mallya has silenced any further talk of a Formula One boycott, saying his team never intended to do anything other than race. "Here I am fighting with McLaren. I want to beat McLaren. If I park my car, I might as well just...
  • Force India have exercised option on Perez: Vijay Mallya November 8, 2014

    Force India have exercised an option on Mexican driver Sergio Perez for next year and are negotiating a contract extension for 2016, the Formula One team's co-owner Vijay Mallya said on Friday. "I have a two-year contract with Sergio Perez," the principal told reporters at the Brazilian Grand Prix. "There is nothing...
  • BSE, NSE announce suspension of trading in shares of Kingfisher Airlines November 8, 2014

    Mumbai: In a major blow to Vijay Mallya, top exchanges like Bombay Stock Exchange and National Stock Exchange have announced suspension of trading in shares of Kingfisher Airlines from December. The announcement which was made on Friday also includes UB Engineering, a part of Mallya's conglomerate- United Breweries Limited. The...
  • F1: Sergio Perez to stay at Force India November 4, 2014

    New Delhi: Sahara Force India boss Vijay Mallya on Monday confirmed that the team will retain their current driver line-up for the 2015 Formula One season by giving Sergio Perez an extension, something they have already done in the case of Nico Hulkenberg. Perez has expressed on numerous occasions that he...
  • We've right to be represented by lawyers: Kingfisher Airlines to HC October 13, 2014

    New Delhi: Ailing Kingfisher Airlines, facing proceedings initiated by lending bank PNB to declare it and its guarantors Vijay Mallya and UBHL as wilful defaulters, on Monday told the Delhi High Court that it has the right to be represented by lawyers before the bank's panel. "Unless, a law specifically...
  • Vijay Mallya in further trouble, SBI sends wilful defaulter notice September 9, 2014

    Mumbai: Days after United Bank of India declared Kingfisher Airlines promoter Vijay Mallya and three other directors wilful defaulters, country's largest bank State Bank of India on Tuesday said it has also sent a notice to tag them as "wilful defaulters". "We have already sent a notice to KFA (to declare...
  • Kingfisher Airlines contests wilful defaulter tag September 9, 2014

    Mumbai: Debtridden Kingfisher Airlines on Tuesday contested UBI's decision to declare it as a wilful defaulter, saying that RBI guidelines in this regard do not apply to the company. The carrier, which has been grounded since October 2012, is also in the process of seeking legal...
  • Vijay Mallya denies being a 'wilful defaulter', says will pursue legal action September 4, 2014

    New Delhi: Under fire from the court and banks, Kingfisher Airlines Chairman Vijay Mallya has denied allegations that he is a wilful defaulter. He has said that he will take the legal recourse available. He made these comments while attending the United Breweries' Annual General Meeting in Bangalore on Thursday....
  • No end to trouble for Vijay Mallya, United Bank to declare him and Kingfisher Airlines as wilful defaulters September 3, 2014

    Mumbai: In more trouble for Kingfisher Chairman Vijay Mallya, the Supreme Court has refused to entertain his plea against being declared a 'wilful defaulter' by the United Bank of India. Kolkatabased United Bank has set in motion the process that will declare Mallya and his Kingfisher Airlines as wilful defaulters...
  • India @ 9 with Bhupendra Chaubey September 2, 2014

    Catch the day's top stories with Bhupendra Chaubey on India @ 9. ...
  • CBI probes Rs 900 crore loan given to Kingfisher Airlines by IDBI bank August 10, 2014

    New Delhi: The Central Bureau of Investigation on Sunday begun a probe into Rs 900 crore loan given by the IDBI Bank to the now defunct Kingfisher Airlines. The loan was given in 2009 despite an internal bank report that the aviation company was in the red. The report was...
  • Force India happy to retain drivers, says Vijay Mallya July 26, 2014

    Budapest: Force India are happy with their current pairing of Nico Hulkenberg and Sergio Perez and see no need to replace either driver next season, the Formula One team's owner Vijay Mallya said on Friday. "We have options on both and I'm very happy with both of them and I see...
  • UBI asks Mallya, Kingfisher directors to appear on July 9 June 29, 2014

    Kolkata: Citybased lender United Bank of India has asked Vijay Mallya and three other directors of grounded Kingfisher Airlines to appear before a panel of the bank at the head office here on July 9. "The recovery department of the bank has sent a letter to them asking chairman Vijay Mallya...
  • Vijay Mallya pleased with Yuvraj for coming into his old vintage self April 18, 2014

    After splurging a mammoth amount to fetch his services, Royal Challengers Bangalore owner Vijay Mallya was immensely pleased with Yuvraj Singh for playing a crucial role in beating Delhi Daredevils in their IPL campaign opener. "What particularly pleased me was Yuvraj Singh coming back to his old vintage self. His...
  • Nine Kingfisher trademarks put up for sale April 8, 2014

    Mumbai: Kingfisher lenders on Monday put on block nine trademarks of the grounded carrier to recover dues running into crores of rupees. The trademarks put on on the block include Fly Kingfisher and Fly Kingfisher (Label), both registered with KFA and each having a validity of up to January 10,...
  • Vijay Mallya calls for improvement in car for podium April 2, 2014

    Sakhir: Sahara Force India have made a solid start to the 2014 Formula 1 season but more needs to be done for the coveted podium finish, said team boss Vijay Mallya ahead of Sunday's Bahrain Grand Prix. The Silverstone-squad finds itself in fifth position in the team standings after...
  • Sahara Force India gear up for new F1 season March 7, 2014

    Silverstone: With a slew of rule changes coming into play in the Formula One Championships this year, Sahara Force India Team Principal Vijay Mallya feels it would be a "massive challenge" for a small team like his. Mallya, however, said Sahara Force India was raring to go after a "satisfactory" pre-season...
  • Kingfisher Airlines employees urge Yuvraj Singh to refuse to play for RCB February 14, 2014

    Yuvraj Singh became the top earner at the 2014 IPL Auction when he was sold for Rs. 14 crore to Royals Challengers Bangalore (RCB) an Indian Premier League franchise owned by liquor baron Vijay Mallya, who also owns the controversyridden Kingfisher Airlines (KFA). According to India Today, the Kingfisher Employees...
  • RCB is the place where I can express myself: Yuvraj Singh February 13, 2014

    Bangalore: Indian Premier League's costliest player Yuvraj Singh feels that Royal Challengers Bangalore is a team where he can express himself in the company of start cricketers like Virat Kohli and Chris Gayle. Yuvraj was bought by RCB for a whopping Rs 14 crore on the opening day of the twoday...
  • RCB lodge complaint to IPL GC for spending 4 crore more on Yuvraj February 12, 2014

    Bangalore: Royal Challengers Bangalore owner Vijay Mallya lodged an official complaint to the IPL Governing Council, saying his franchise coughed up Rs 4 crore more on buying allrounder Yuvraj Singh on the first day of the players' auction here. RCB had almost bought Yuvraj for Rs 10 crore when Kolkata Knight...
  • Scams happen in every sport: Vijay Mallya February 12, 2014

    Bangalore: Playing down Justice Mudgal committee's report on corruption in the IPL, Royal Challengers Bangalore owner Vijay Mallya said scandals were a part and parcel of the every sport and the brand value of the cashrich event remained unaffected. "It happens in every sport. We would not have been sitting here...
  • Grounded Kingfisher Airlines posts $132 million third quarter loss February 12, 2014

    Grounded Kingfisher Airlines, which has not flown in more than a year, reported yet another quarterly loss as it had no income from operations. Kingfisher, once India's no. 2 carrier and headed by flamboyant liquor baron Vijay Mallya, said net loss was 8.22 billion rupees for its fiscal third quarter to...
  • Kejriwal pursuing unconventional methods to attain goal: Vijay Mallya February 11, 2014

    UB group chairman Vijay Mallya on Tuesday said that Delhi Chief Minister Arvind Kejriwal was pursuing "unconventional methods" to attain his objectives while asserting that there should be no "witchhunt" against industrialists. Mallya, a Rajya Sabha MP, said in view of the forthcoming general elections, some political parties have stepped...
  • IPL 7 Auction: Yuvraj may top the priority list of many February 11, 2014

    Cricketing world awaits exciting times ahead as some of the best players will be up for grabs at the Indian Premier League players' auction in Bangalore on Saturday. With a number of big players up for sale, one name that every one is curious about is India's stylish lefthander Yuvraj...
  • Kingfisher Airlines employees to turn to Kejriwal for help December 30, 2013

    Mumbai: The employees of the grounded Kingfisher Airlines, who have not been paid their salaries for the past 17 months, on Sunday said they will seek help from Delhi Chief Minister Arvind Kejriwal in getting their dues. "In the past, we have requested to both the Congress and the BJP...
  • Harried Kingfisher Airlines employees to turn to Kejriwal for help December 29, 2013

    Mumbai: The employees of the grounded Kingfisher Airlines, who have not been paid their salaries for the past 17 months, on Sunday said they will seek help from Delhi Chief Minister Arvind Kejriwal in getting their dues. "In the past, we have requested to both the Congress and the BJP to...