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Gulf Independent - tycoon
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India's bid to bring home tycoon Mallya rebuffed; to keep trying INTERNATIONAL

India's bid to bring home tycoon Mallya rebuffed; to keep trying

India has failed in its initial attempt to secure the return of debt-strapped tycoon Vijay Mallya from Britain but New Delhi said on Wednesday it would continue to seek his repatriation to face his creditors.

4:45 AM November 25 2016
Indian parliament rejects Mallya's resignation INTERNATIONAL

Indian parliament rejects Mallya's resignation

India's upper house of parliament has rejected Vijay Mallya's resignation of his seat, saying a letter the embattled tycoon sent from Britain did not conform to "procedures" or carry an original signature.

4:45 AM November 25 2016
Indian foreign ministry suspends Vijay Mallya's passport INTERNATIONAL

Indian foreign ministry suspends Vijay Mallya's passport

India's government said it had temporarily suspended the passport of beleaguered tycoon Vijay Mallya, after he failed to appear before financial crime investigators in connection with a money laundering probe.

4:45 AM November 25 2016
Indian tycoon Mallya offers to repay $603mn of loans INTERNATIONAL

Indian tycoon Mallya offers to repay $603mn of loans

Embattled Indian tycoon Vijay Mallya has proposed to repay ?40bn ($603mn), less than half of what his defunct Kingfisher Airlines owes to creditor banks.

4:45 AM November 25 2016