Gautam Adani isn’t the only Indian tycoon in trouble. Look at Vedanta
By Andy Mukherjee | Bloomberg NEW DELHI: Highly leveraged Indian tycoons are having a rough time. Gautam Adani’s $236 billion infrastructure empire has shrunk by more than three-fifths in a month. But while his relentless rise and spectacular fall hog headlines, a smaller storm may be brewing for another well-known magnate. Anil Agarwal’s once-London-listed Vedanta […]
Indian tycoon Vijay Mallya loses appeals against extradition from Britain
LONDON:Indian businessman Vijay Mallya lost an appeal in Britain’s High Court on Monday against a 2018 decision to extradite him to India to face fraud charges resulting from the collapse of his defunct company Kingfisher Airlines. India wants to bring back Mallya, 64, whose business interests have ranged from aviation to liquor, over $1.4 billion […]