Mallya

  • 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: City-based 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 15, 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 controversy-ridden 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 two-day...
  • 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 all-rounder 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 cash-rich 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 "witch-hunt" 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 left-hander 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...
  • We've achieved our Indian Grand Prix goal: Vijay Mallya October 27, 2013

    Greater Noida: Sahara Force India enjoyed a superb outing in its home race by securing a double points finish in the Indian Grand Prix and team owner Vijay Mallya said the franchise has achieved its goal in Sunday's race but wants to keep the momentum going in the remaining three...
  • Jehan Daruvala has makings of a top-class Indian F1 driver: Mallya October 26, 2013

    Greater Noida: Sahara Force India academy driver Jehan Daruvala is just 16 years old but he is already being tipped as the next big thing in Indian motorsports and the Silverstone-based F1 team owner Vijay Mallya wants to nurture him just like the way McLaren nurtured Lewis Hamilton. Jehan, the brightest...
  • Mumbai teen ready to become India's next Formula One driver October 26, 2013

    India has no Formula One driver and there will be no grand prix here next year but Force India co-owner Vijay Mallya believes he has unearthed the country's next driving talent in a Mumbai teenager. There is a clear lack of buzz around Sunday's Indian Grand Prix, which stares at an...
  • FIR against Mallya, Kingfisher for non-payment of airport fees October 25, 2013

    An FIR was filed against liquor baron Vijay Mallya and his cash-strapped Kingfisher Airlines on a criminal complaint by Bangalore International Airport Limited for non-payment of user development fees and passenger service fees to it on Friday. "We have filed an FIR against Vijay Mallya and Kingfisher Airlines...," Assistant Police Commissioner...
  • Kingfisher Airlines in talks with an investor: Vijay Mallya September 24, 2013

    Kingfisher Airlines Ltd, which has been grounded for almost a year for want of cash, is in talks with a foreign investor for a potential stake sale, Chairman Vijay Mallya said on Tuesday, without naming any investor. "I expect this to take some form or shape in the next 90 days....
  • Karnataka High Court summons Vijay Mallya for non-payment of dues September 16, 2013

    Bangalore: In more trouble for the beleaguered Kingfisher boss Vijay Mallya, the Karnataka High Court has summoned him to the court on Tuesday. He has been summoned in relation to a case of the creditors of the Kingfisher group like BNP Paribas, Rolls Royce, and others. The companies had filed...
  • Outlook for beer sales good this fiscal: Vijay Mallya September 12, 2013

    Bangalore: A good monsoon augurs well even for sale of beer this fiscal (2013-14) as a buoyant economy would increase demand for hard liquor during the next two quarters, United Breweries Ltd (UB) chairman Vijay Mallya said on Thursday. Though the southwest monsoon, which has been exceptionally good across the country, has...
  • Vijay Mallya blames 'policy paralysis' for slowdown September 8, 2013

    New Delhi: Industrialist Vijay Mallya, whose group is in the midst of financial troubles, has blamed "policy paralysis" for India's slow growth, saying that the economic slowdown has dampened even the spirits industry. He has also said that the overall mood of the Indian consumer remains subdued, while rupee depreciation, coupled...
  • Kingfisher Airlines seek $236 million in damages from engine-maker IAE September 3, 2013

    A founder group company of grounded Indian carrier Kingfisher Airlines Ltd is seeking about $236 million in damages from engine-maker International Aero Engines for allegedly supplying "inherently defective" engines, the airline said. United Breweries (Holdings) Ltd has filed a lawsuit against International Aero Engines AG and its shareholders in a court...
  • Vijay Mallya blames all but himself for Kingfisher woes September 3, 2013

    Mumbai: Kingfisher Airlines Chairman Vijay Mallya has blamed almost everyone, including engine suppliers, employees, banks and tax authorities, for grounding of the carrier since October last year. In the airline's annual report (2012-13), he also mentions that the company is in talks with a "potential investor". United Breweries (Holdings) Ltd, the...
  • It's not curtains for Indian GP: Vijay Mallya August 31, 2013

    New Delhi: The cancellation of the 2014 edition of the Indian Grand Prix does not mean that the future of the Formula One race in the country is uncertain, Sahara Force India Team Principal Vijay Mallya has asserted. "I am proud of the race, but I don't believe it is curtains....
  • Force India will pull out all stops against McLaren: Mallya August 22, 2013

    New Delhi: Force India Formula 1 team principal Vijay Mallya says his team can pull off the "massive task" of beating eight-time constructors' champion McLaren in the 2013 season. McLaren may not seem to have a racing winning car but by scoring 20 points in Germany and Hungary before the mid-season...
  • Mumbai: Kingfisher House to be auctioned as SBICAP takes possession August 12, 2013

    Mumbai: In another setback for Kingfisher Airlines Chairman Vijay Mallya, the Kingfisher Airlines House in Mumbai will now be auctioned. The State Bank of India, which is a lender to the airlines, took possession of the Kingfisher House on Saturday. KFA House is the headquarters of the airline in...
  • Vijay Mallya may face prosecution for not paying service tax arrears August 8, 2013

    New Delhi: The Indirect Tax Department on Thursday hinted that Vijay Mallya, owner of the grounded Kingfisher Airlines, may face prosecution in a service tax evasion case. "Prosecution is definitely a provision there in the Act. And that decision of taking action on Kingfisher owner for not paying service tax...