Free Press Journal
  • RBI and Govt in sync to empower banks

    It may have been a sheer coincidence that the RBI Governor Raghuram Rajan spoke when a section of the media was baying for the blood of the fallen liquor baron Vijay Mallya. But his message was timely. The fear that the lynch mob might end up further slowing down the banking sector was not unfounded. For, if media hounds were to decide the correctness or otherwise of every lending decision, bankers would

  • Ethics Committee of RS takes up Mallya issue

    New Delhi : The Ethics Committee of Rajya Sabha headed by Congress veteran Karan Singh on Monday  took cognisance of the issue of Vijay Mallya, who has allegedly defaulted on over Rs 9,000 crore bank loans.

  • Hysteria Trumps democracy

    Barack Obama was in a thoughtful mood during the joint press conference with Canada’s Prime Minister Justine Trudeau on Thursday, his sharp mind clearly above the limited demands of conventional political engagement. Obama could not become a Philosopher-President during two turbulent terms in the White House, but as he enters the last lap he is clearly slipping into space that has been left vacant for a long while in American politics. Elected

  • Vijay Mallya

    Mallya a Congress baby UPA forced bank to give him loans BJP

    New Delhi: Hitting back at Congress for questioning whether the Centre would seek Vijay Mallya‘s deportation, BJP said the industrialist was a “Congress’ baby” and accused the previous UPA dispensation of helping him by forcing a bank to provide a loan of Rs 3,100 crore despite his company’s poor finances.

  • Facing heat, UB Group stocks melt, UBHL dives over 5 pc

    Mumbai: UB Group stocks, led by United Breweries Holdings Ltd, today slumped by up to 5.3 per cent as trouble mounted for Vijay Mallya, who is facing multiple proceedings for alleged loan defaults totalling over Rs 9,000 crore.

  • Vijay Mallya row: Congress gives notice in Rajya Sabha

    New Delhi: The controversy surrounding liquor baron Vijay Mallya who faces charges of money laundering, is set to rock the Parliament today as the Congress Party on Monday gave a notice on the matter in the Rajya Sabha.

  • Mallya last attended RS session on Mar 1

    New Delhi : Amid a raging controversy over UB Group Chairman Vijay Mallya leaving the country, the Rajya Sabha attendance data on Sunday showed that the liquor baron was present on only one day during the current Budget session.

  • Safety net first for flexible labour laws

    While the dues of Kingfisher employees have still not been settled, the billionaire Vijay Mallya with thousands of crores in debt has flown out of the country. The issue of non-payment to the staff of the now defunct Kingfisher Airlines came out in a poignant manner when employees accused Mallya of having blood on his hands! These employees have been left with nothing after the airline folded up while he only expressed

  • Vijay Mallya

    Mallya row: NBW by Hyderabad court in cheque dishonour case

    Hyderabad: A non-bailable warrant has been issued against businessman Vijay Mallya after he failed to appear in a court here in connection with alleged dishonour of a cheque of Rs 50 lakh to GMR Hyderabad International Airport Ltd.

  • Bandaru Dattatreya

    Kingfisher Airlines’ PF contributions to be probed: Dattatreya

    Hyderabad: Labour Ministry will soon launch an investigation into the provident fund contributions made by Kingfisher Airlines for its employees when the carrier was functioning, Union Minister Bandaru Dattatreya has said.

  • Mallya will return, clear his dues: Ex-Executive Kingfisher Airlines

    Mumbai: Coming out in support of embezzled businessman Vijay Mallya, Ex-Executive Director of Kingfisher Airlines Parvez Damania on Sunday said the liquor baron was not absconding from the country, and would soon return to sort out all the pending issues.

  • Arvind Kejriwal

    PM owes an explanation on Mallya exit: Kejriwal

    New Delhi : Delhi Chief Minister Arvind Kejriwal on Saturday demanded Prime Minister Narendra Modi’s “explanation” over how business tycoon Vijay Mallya could leave the country which he claimed was not possible without “approval” from the top.

  • SEBI ‘Chokes’ Defaulters

    Mallya effect: Bans willful defaulters from raising public funds and taking control of listed companies in the mkt , Govt, RBI also say misdemeanours & criminal action won’t go unpunished while dealing with bad loans of banks.

  • TN farmer loses tractor, kills self

    Chennai : In a moving incident, a father in Tamil Nadu committed suicide unable to bear the humiliation of a finance company staff seizing his Tractor for owing then Rs 2 lakh. The suicide of Azhagar, a farmer in Ariyalur district in central Tamil Nadu comes close on the heels of police assaulting another farmer in Thanjavur district for resisting the seizure of his tractor following a default of a little over Rs

  • vijay-mallya

    Mallya row: CBI stand that it erred a ‘cover-up’, says Cong

    New Delhi: Firing yet another salvo at the government on the Vijay Mallya issue, Congress today dubbed as “cover-up excuse” CBI’s “very strange explanation” that the Lookout notice for the controversial businessman was erroroneously issued. “We have a very strange explanation coming from the Government authorities at the highest level of the CBI purportedly stating that they issued a Lookout Notice by an error. It’s not a child’s play and they are not casually issued or revoked,” party spokesman Abhishek Singhvi

  • Ex-Kingfisher employees to move SC seeking their dues

    New Delhi: After writing to Prime Minister Narendra Modi seeking his intervention in safeguarding their interest, employees of Vijay Mallya’s now defunct Kingfisher Airlines are set to file a case in the Supreme Court in order to get their dues from the company.