[wanabidii] Top Headlines: Vijay Mallya still has Rs 5,700 crore pledge-free assets

Daily Newsletter | Saturday, March 12, 2016 TOP HEADLINES MORE » Vijay Mallya still has Rs 5,700 crore pledge-free assets The good news for banks is that there is a large chunk of free assets worth more than Rs 5,500 crore to back up the guarantees provided by Vijay Mallya and UB Holdings that will make up for the lack of security against loans of about Rs 7,000 crore to Kingfisher Airlines. Mallya left on diplomatic passport on March 2 Controversial businessman Vijay Mallya flew out of India on March 2 on a diplomatic passport issued to him in his capacity as a Member of Parliament. No house, no liability and just Rs 9,500 “Wilful defaulter” and liquor baron Vijay Mallya declared assets worth Rs 615 crore, including a Ferrari car, jewellery, bonds and debentures, according to the affidavit submitted to the Election Commission in June 2010 when he joined the Rajya Sabha. Surprisingly, Mallya laid claim only to a measly Rs 9,500 in cash and no property either as land or home. CITIES MORE » DDA plans housing schemes in Dwarka, Vasant Kunj, Rohini The Delhi Development Authority (DDA) plans to build new housing projects in Dwarka, Vasant Kunj and Rohini. Fest begins after NGT asks AOL to pay Rs 25L for now AOL lawyers said it was difficult for them to pay Rs 5 crore before the start of the festival, as ordered by the NGT on Wednesday, and sought four weeks. Soni Sori's nephew alleges police pressure AAP leader and tribal rights activist Soni Sori's nephew Lingaram Kodopi has announced that he will end his life on March 23 alleging that he was fed up with continuous harassment and victimization by Bastar police in Chhattisgarh. TECH MORE » Apple’s March 21 iPhone launch event: 5 things to expect Apple has announced that it is hosting an event on March 21, without giving much information on what to expect from it. Take a look at the 5 things to expect from Apple’s March 21 launch event... Samsung Gear VR review: Amazing but it will be a one-time watch for most Samsung Gear VR costs Rs 8,200 and is compatible only with flagship Samsung Galaxy smartphones. Here is the review. 10 must-have apps to boost your productivity We have compiled a list of apps that will help you increase your productivity and enhance your efficiency, so that you can swiftly finish or manage work. SPORTS MORE » Pakistan clears team's departure to India for World Twenty20 Pakistan on Friday announced it would send its national cricket team to India for the World Twenty20 following security assurances from New Delhi after months of uncertainty. Saina Nehwal bows out of All England Badminton India's campaign at the All England Badminton Championships came to a disappointing end with Saina Nehwal, B Sai Praneeth, Kidambi Srikanth and Sameer Verma all exiting from the tournament on Friday. Benitez appointed new Newcastle United manager Rafael Benitez returned to English football on Friday with the task of saving Newcastle United from Premier League relegation after the struggling north-east side announced the Spaniard as their new manager. BUSINESS MORE » Mallya’s private jet lies unsold at airport Former UB group chairman Vijay Mallya certainly didn’t leave India on this jet plane. Paytm borrows Rs 300cr from ICICI Bank Online payments and commerce platform Paytm has taken a loan of close to Rs 300 crore from ICICI Bank in two tranches, a move that analysts say reflects the slowdown in venture capital (VC) investing. EPFO to probe airline's PF dues Nearly four years after grounding of the Vijay Mallya-owned Kingfisher Airlines (KFA), the Employees Provident Fund Organisation (EPFO) is still trying to find out whether the company has done any "significant" violation of provident fund rules by not depositing workers' dues. ENTERTAINMENT MORE » Sanjay denies probe against 'Kaabil' writers We had reported earlier that the cyber crime cell will now investigate actor-turned-writer Sudhanshu Pandey’s complaint against Siraj Ayaz Ahmed and Vijay Kumar Mishra, the writers of Hrithik Roshan-Yami Gautam-starrer- 'Kaabil' Irrfan: I am pleased with my destiny There are few actors in Indian cinema who manage to surprise the audience each time with their performance. One of them is Irrfan. Akshay Kumar's alleged love affairs Khiladi Akshay Kumar has had a colourful history as far as his love life is concerned. Starting from Pooja Batra to his wife Twinkle Khanna and Priyanka Chopra, the actor has had a series of alleged love affairs. Other Newsletters from TOI: Breaking News | Digest | Tech | Entertainment | Movie Reviews | Life & Style Unsubscribe | To manage your newsletter subscription settings, click here. Copyright 2016 Bennett Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service

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