'The idea is to align the HR policies and work culture with changing times'.

USL board said its second forensic audit by EY has revealed fund diversion worth Rs 1,225 cr to Mallya companies.

'It is surprising and unfortunate that unfounded allegations are now being made without any reference to me whatsoever,' Vijay Mallya said.

In 2007, Essar had said it would set up a $1.8-bn unit in Minnesota, but scaled down from a full-scale taconite steel mill project to pellet plant after the 2008 financial crisis

Firm makes disclosures of improper transactions worth Rs 1,225.3 crore with entities linked to beleaguered businessman

The company had received a loan restructuring package from banks under the 5/25 scheme last year.

Firms to find alternative export routes or face increased trade barriers

JLR, Tata Steel Europe CEOs caution staff on high risks of leaving the EU

India's captains of industry said they were disappointed at the exit of Reserve Bank of India Governor Raghuram Rajan.

The FT report said the existence, size and investments of the highly profitable internal trading fund, which was set up three decades ago, have until now remained largely unknown outside a circle of former and current insiders.

The good news for the group has come from the port business.

The study claims that from its peak of 18 per cent of gross domestic product in 2008, the crony capitalists' wealth is now down to three per cent

Former head of McKinsey & Co,c, is not alone in writing a book on his life after serving a prison term.

Tata Steel, others sell assets abroad after taking massive impairments.

Though Mistry does not make it to the club of the top 10 highest paid India Inc leaders, he will be among the next 10.

The money was paid to Mallya in two tranches in his offshore accounts.

RBI, Enforcement Directorate to see if money was sent to tax haven

Mallya showed his net worth at Rs 615 crore, mainly in shares and bonds.

In 2012, Diageo had paid Rs 3,635 cr directly to Mallya for his 19.3% stake in United Spirits.