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Devidutta Tripathy

  • IDBI may join United Bank in declaring Vijay Mallya 'wilful defaulter'

    Indian lenders are increasing pressure on liquor baron Vijay Mallya to facilitate repayment of the debts of his Kingfisher Airlines, which has not flown since 2012 and owes more than $1 billion to a consortium of mostly state-run banks.The airline founded by Mallya failed to make a profit during...

    Thursday, 4 September 2014 - 6:25am
  • Police arrest four over alleged $39 mln bank fraud

    Police in India's financial capital have arrested four people alleged to have siphoned off money from accounts held in multiple banks, mostly state-owned, in the latest scandal involving public sector lenders in Asia's third-largest economy. The economic offence wing of the Mumbai police is looking...

    Friday, 29 August 2014 - 7:05am
  • Supreme Court orders Samsung chairman to appear in court

    The Supreme Court has ordered the chairman of Samsung Electronics, Lee Kun-hee, to appear before a local court within six weeks to avoid arrest in a decade-old dispute with a supplier over a $1.4 million payment. A two-judge panel ruled on Monday that an arrest warrant issued against Lee by a local...

    Thursday, 3 April 2014 - 7:14am
  • Tablet sales seen doubling

    Sales of tablet computers in India are expected to at least double this year to 6 million, the market’s third year of growth, as new devices attract business users and low costs draw consumers, research firm CyberMedia forecast.

    Sunday, 6 January 2013 - 10:35pm
  • Sahara - Massive, splashy...and mysterious

    On August 31, the Supreme Court ruled that finance schemes run by two Sahara companies were illegal and ordered it to repay as much as $4.5 billion to up to almost 30 million mostly small investors, plus interest.

    Wednesday, 26 September 2012 - 11:12am
  • Unitech seeks arbitration in JV dispute with Telenor

    Lawyers for the Norwegian company told the Company Law Board that they would oppose Unitech’s petition in arguments scheduled for Monday.

    Saturday, 24 March 2012 - 8:00am
  • RCom adds StanChart, DBS for $1 bn Singapore IPO

    Reliance Communications (RCom) has appointed two more banks for the upcoming $1 billion initial public offer (IPO) of its undersea cable unit in what may be the biggest stock listing in Singapore this year, two sources said.

    Saturday, 18 February 2012 - 8:00am
  • Bharti Airtel shares fall after CBI searches offices

    Bharti shares pared losses to trade 1.04 per cent lower at 0644 GMT in a Mumbai market down 1.2 per cent.

    Monday, 21 November 2011 - 1:44pm
  • Bharti Airtel Ltd says Indian telecom market needs consolidation

    Competition in India's mobile market will remain intense, with the overcrowded 15-player sector in need of consolidation to lift margins.

    Wednesday, 16 November 2011 - 6:01pm
  • Free roaming, full MNP, Broadband on demand: New telecom policy

    Mobile telephone users may be able to make calls without paying roaming charges and change operator outside their circle while retaining the same number.

    Monday, 10 October 2011 - 3:48pm