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.

Mallya failed to repay loans worth Rs 7,200 cr, did not pay salaries, did not deposit PF, and did not pay income tax. It is still a mystery why banks continued to pour money into the airline when it was on life support

This amendment is proposed to be made retrospectively effective from FY16 onwards.

Core sector companies have seen volumes drop to single digit in the first nine months of FY16.

The deal comes at a huge cost to minority shareholders who have till date lost close to Rs 5,500 crore that were written off United Spirits' books

Percy Mistry says things at market regulator Sebi are also in bad shape.

Congestion on Mumbai roads has become chronic.

Yuan depreciation will make imports in China more expensive, depressing demand, especially for commodities.

The rupee's fall against the dollar is bad news for companies which have increased their exposure to foreign currency loans in recent years.

It took the Aditya Birla group four years to make up its mind on entering the the burgeoning e-commerce market in the country.

Kingfisher Airlines owed Indian banks Rs 7,000 crore as of January.

'Investors are now getting clarity on policies.'

Ajay Banga, the 55-year-old CEO of MasterCard, is on a roll.

Ajay Piramal bets highly on infrastructure, realty

Analysts said the higher capex by PSUs, along with government spending, could trigger a capex revival for the corporate sector by the second half of FY17

Companies with more than Rs 10,000 crore of debt would seek refinancing.