Heineken could call a shareholder meeting to vote on his ouster from a company his father built into a family empire
Mallya will now be the Founder Emeritus of USL
Sahara has ploughed at least Rs 1,500 crore from two of its credit cooperatives into the Aamby Valley resort project
Suspicions have swirled for years that many of Sahara's millions of investors are fictitious names
Sahara and its founder Subrata Roy have been under scrutiny for years over its financial products, including for possible money laundering.
Foreign money has been pouring into India's fast-growing e-commerce sector, with investors ranging from Japan's Softbank Corp to Singapore's Temasek Holdings.
The top court last week gave Sahara a final chance to raise funds.
A sluggish economy and stalled bureaucratic decision-making for the past two years thwarted capital investment and dented earnings, making it tough for the companies to raise funds.
Several brokerages lifted their outlooks for the BSE Sensex and companies were queuing to ride the wave of political euphoria
All of Ranbaxy's India-based factories are currently banned by the FDA from exporting medicines to the United States, the company's largest market, after the regulator's inspection found violation of its so-called good manufacturing practices.
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