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United Breweries' Rs 130 crore worth of pledged shares invoked by ECL Finance

Mar 22, 2016 at 19:13 | Source: FirstPost

Financial services firm ECL Finance has invoked shares worth over Rs 130 crore in Vijay Mallya-led United Breweries Ltd (UBL) pledged by two different promoter entities.ECL Finance had invoked 7.05 lakh shares pledged by Kamsco Industries Pvt Ltd, ac...

India Posts payments bank to launch by March 2017: Prasad

Mar 22, 2016 at 15:59 | Source: FirstPost

New Delhi: Payments bank of Department of Posts is likely to become operational by March 2017, Communications and IT Minister Ravi Shankar Prasad said today."Very soon by March next year we are going to bring in payments bank of the Postal depar...

OROP payments made to 13.02 lakh pensioners, everybody will be covered by mid-April, promises Parrikar

Mar 22, 2016 at 08:58 | Source: FirstPost

New Delhi: Defence minister Manohar Parrikar said that increased pensions under the One Rank One Pension (OROP) scheme have been disbursed to two-thirds of the beneficiaries whilethe remaining will get it by mid-April."The OROP pensions are bein...

Sensex reclaims 25,000-mark, surges 333 pts as clamour for rate cut rises

Mar 21, 2016 at 17:38 | Source: FirstPost

Domestic equity markets remained in the thick of action after last week's splendid rally, with hopes of a rate-cut by the central bank gaining traction helping the benchmark Sensex and Nifty end above the crucial levels of 25,000 and 7,700-mark, resp...

In defence of excise duty hikes on fuels: It's fine if they are part of a larger plan

Mar 19, 2016 at 12:20 | Source: FirstPost

The government is being slammed for Wednesdays increase in the retail price of diesel and petrol. If youre wondering why the government should face the flak, since the prices of both have been deregulated and are no longer subject to its diktat, ther...

As Vijay Mallya vacations in London, here's how CBI is tightening its grip on him

Mar 18, 2016 at 11:08 | Source: FirstPost

Investigative agencies seem to be on a an overdrive to get a tighter grip on wilful defaulter billionaire Vijay Mallya, who flew out of India on 2 March and is rumoured to be in his plush country home in London, a few days before lenders moved the ap...

6 lakh transactions across 4 nations: CBI casts its net wide in Vijay Mallya probe

Mar 18, 2016 at 09:30 | Source: FirstPost

New Delhi - Expanding its probe, the CBI is looking into about six lakh banking transactions, over 60% of them made to foreign countries, related to over Rs 7,000 crore banks loan default case involving liquor baron Vijay Mallya.The CBI is following ...

6 lakh transactions across 4 nations: CBI casts its net wider in Vijay Mallya probe

Mar 18, 2016 at 08:52 | Source: FirstPost

New Delhi - Expanding its probe, the CBI is looking into about six lakh banking transactions, over 60% of them made to foreign countries, related to over Rs 7,000 crore banks loan default case involving liquor baron Vijay Mallya.The CBI is following ...

The King of 'seeking time': Vijay Mallya requests delay in making personal appearance before ED

Mar 17, 2016 at 17:19 | Source: FirstPost

Mumbai: Liquor baron Vijay Mallyaon Thursdaysought time till April for making a personal appearance beforethe ED, virtually making it clear he would not present himselfbefore the anti-money laundering agency pursuant to summonsissued by it in the IDB...

Kingfisher House auction: At stake for Vijay Mallya is personal pride, but banks stand to lose crores

Mar 17, 2016 at 17:17 | Source: FirstPost

In a 1998 interview, Indian liquor baron, Vijay Mallya told the interviewer, British-Indian Nikki Bedi, who compared him to Donald Trump."I don't know Mr Trump personally. I've read a lot about him. He obviously likes to live his life, as I inde...

Kingfisher House auction: At stake for Vijay Mallya is just his personal pride but banks have crores

Mar 17, 2016 at 15:55 | Source: FirstPost

In a 1998 interview, Indian liquor baron, Vijay Mallya told the interviewer, British-Indian Nikki Bedi, who compared him to Donald Trump."I don't know Mr Trump personally. I've read a lot about him. He obviously likes to live his life, as I inde...

Auction ends; lenders fail to attract any bid for Vijay Mallya's Kingfisher House and other assets

Mar 17, 2016 at 15:12 | Source: FirstPost

Mumbai:With an aim to start the recovery process of the loans worthover Rs 9,000 crore being defaulted by the in-famous billionaire Vijay Mallya's now grounded Kingfisher Airlines, the lenders led by State Bank of India (SBI) today started the auctio...

Vijay Mallya's assets on block: SBI-led consortium begins auction of 17000 sq ft Kingfisher House

Mar 17, 2016 at 14:52 | Source: FirstPost

Mumbai: Lenders to long-grounded Kingfisher Airlines, owned by beleaguered businessman Vijay Mallya, todaybegan auctioning the KFA headquarters - Kingfisher House - situated near the domestic airport here.The property, with a built-up area of over 17...

Vijay Mallya's loan default: SBI-led consortium start auction of 17000 sq ft Kingfisher House

Mar 17, 2016 at 13:48 | Source: FirstPost

Mumbai: Lenders to long-grounded Kingfisher Airlines, owned by beleaguered businessman Vijay Mallya, todaybegan auctioning the KFA headquarters - Kingfisher House - situated near the domestic airport here.The property, with a built-up area of over 17...

SBI starts auction of Vijay Mallya's Kingfisher House in Mumbai

Mar 17, 2016 at 12:47 | Source: FirstPost

Mumbai: Lenders to long-grounded Kingfisher Airlines, owned by beleaguered businessman Vijay Mallya, on Thursday began auctioning the KFA headquarters Kingfisher House situated near the domestic airport in Mumbai.The property, with a built-up area ...

Bad loans: Bullish Edelweiss ARC eyes 40% rise in AUM in FY17

Mar 16, 2016 at 22:16 | Source: FirstPost

Mumbai: With a large chunk of bad loans likely to be put on block by banks following RBI's assetquality review, Edelweiss Distressed Asset Resolution Business (EDARB) is bullish about its business and looking at a 40 percent increase in asset under m...

Uber drivers to get collateral free SBI vehicle loans at competitive interest rate

Mar 16, 2016 at 18:11 | Source: FirstPost

Public sector lender SBI has tie-up with taxi-aggregator Uber to provide instant vehicle finance to 'driver-partners' on the latter's platform. The scheme would encourage skilled drivers to overcome liquidity crunch and excess documentation requireme...

Asbanks dispose off bad loans, Edelweiss ARC eyes big business; vying stake sale option to raise Rs 2,000 cr

Mar 16, 2016 at 12:16 | Source: FirstPost

Mumbai: With a large number of bad loans likely to be put on block by banks following RBI's asset quality review, Edelweiss ARC is bullish about its business and is gearing to have a war chest of around Rs 2,000 crore to cash-in on the expected boom ...

Vijay Mallya case: Six banks send probe reports to ED

Mar 15, 2016 at 21:27 | Source: FirstPost

New Delhi/Mumbai:The Enforcement Directorate (ED) has got probe reports from half-a-dozen banks, out of the total 17, in connection with its money laundering investigation in the IDBI bank loan default case against beleaguered businessman Vijay Mally...

Vijay Mallya case: Sunday Guardian sticks to its guns, says billionaire may be under ED pressure to lie about interview

Mar 15, 2016 at 13:14 | Source: FirstPost

M D Nalapat, Editorial Director of the Sunday Guardian, the daily which published the interview of Indian liquor-baron, Vijay Mallya on 12 March told Firstpost that the daily stands by its interview and Mallyas claims that the interview is fake is to...

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