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UK Court To Decide On Fugitive Vijay Mallya's Return Today

Monday, December 10, 2018, 10:47 AM

Whether fugitive tycoon Vijay Mallya will be extradited to India to face fraud investigations is likely to be decided by a court in the UK today. The 62-year-old is wanted for alleged fraud and defaulting on Rs.9,000-crore in loans to his defunct Kingfisher-Airlines. The flamboyant businessman left India in 2016 after a consortium of banks got together to start legal-proceedings to recover the loans.
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Amazon Targets Airports for Checkout-Free Store Expansion

Monday, December 10, 2018, 10:35 AM

Amazon.com is looking at bringing its futuristic checkout-free store format to airports in an effort to win business from hungry, time-pressed travellers, according to public records and a person familiar with the strategy. The move underscores how a company that started as an online bookseller is making forays into brick-and-mortar retail to capture a greater share of shoppers' spending.
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CBI team in London to attend Mallya's extradition case hearing today

Monday, December 10, 2018, 10:05 AM

Ateam of officials led by the CBI's Joint Director, S.Sai Manohar, left for London Sunday to attend a crucial hearing in the extradition case of embattled liquor-baron Vijay Mallya on Monday, sources said. Manohar will take the place of Special Director Rakesh Asthana, who had been attending the trial till now. Two officials of the ED are also accompanying the CBI officer, sources said.

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