Skip to content
Search

Latest Stories

India in touch with the UK over extradition of Vijay Mallya

India is in touch with the British government over extradition of fugitive liquor baron Vijay Mallya after he exhausted legal options against New Delhi''s request to the UK to extradite him.

"The government of India is in touch with the UK regarding the next steps in his extradition process," India's external affairs ministry spokesperson Anurag Srivastava said on Thursday.


He was replying to a question on Mallya's extradition to India during an online media briefing.

Last week, Mallya lost his appeals in the UK Supreme Court against his extradition to India to face money laundering and fraud charges.

The UK top court's decision marked a major setback to the 64-year-old businessman as it came weeks after he lost his High Court appeal in April against an extradition order to India.

Mallya has been based in the UK since March 2016 and remains on bail on an extradition warrant executed three years ago by Scotland Yard on April 18, 2017.

The High Court verdict in April upheld the 2018 ruling by chief magistrate Emma Arbuthnot at the end of a year-long extradition trial in December 2018 that the former Kingfisher Airlines boss had a "case to answer" in the Indian courts.

Replying to another question on China's growing assertiveness in South China Sea, Srivastava said India has an abiding interest in peace and stability in the area.

He said there must be freedom of navigation and overflight in South China Sea and differences, if any, should be resolved through dialogue without resorting to use of force.

China's aggressive military posturing in South China Sea is seen by many security experts as an attempt to leverage the situation caused by the COVID-19 pandemic to push its agenda in the region.

Following China's rising military presence, the US has sent additional deployment to the South China Sea, a strategically key trade route linking Southeast Asia.

More For You

Deliveroo posts first annual profit after 12 years

A Deliveroo rider near Victoria station in London, England. (Photo by Dan Kitwood/Getty Images)

Deliveroo posts first annual profit after 12 years

FOOD DELIVERY app Deliveroo announced on Thursday (13) its first annual profit as orders and revenue rose, while the 12-year old company sees further growth despite exiting Hong Kong.

The milestone follows sizeable full-year losses owing to high investment costs since American Will Shu founded the company in 2013 and made Deliveroo's first delivery in London.

Keep ReadingShow less
JLR-Tata-Getty

JLR had initially planned to manufacture more than 70,000 electric vehicles at the facility. (Photo: Getty Images)

JLR halts plan to build EVs at Tata’s India plant: Report

JAGUAR LAND ROVER (JLR) has put on hold plans to manufacture electric vehicles at Tata Motors’ upcoming £775 million factory in southern India, according to a news report.

The decision was influenced by challenges in balancing price and quality for locally sourced EV components, three of the sources said. They added that slowing demand for electric vehicles was also a factor.

Keep ReadingShow less
Government to abolish payments regulator to boost growth

Keir Starmer (R) and Rachel Reeves host an investment roundtable discussion with members of the BlackRock executive board at 10 Downing Street on November 21, 2024 in London, England. (Photo by Frank Augstein - WPA Pool/Getty Images)

Government to abolish payments regulator to boost growth

PAYMENTS REGULATOR will be abolished and its remit absorbed by another financial regulator, the government said on Tuesday (11), as it aims to cut red tape in favour of growth.

The Payment Systems Regulator (PSR), which oversees systems including MasterCard and bank transfers, tackles problems such as fraud, excessive fees and lack of competition among banks and payment providers.

Keep ReadingShow less
Boohoo

Boohoo’s shares, which have fallen by about 20 per cent this year, dropped 4 per cent on Tuesday. (Photo: Getty Images)

Boohoo rebrands as Debenhams after 21 per cent sales drop

BOOHOO has rebranded itself as Debenhams Group after sales from its young fashion brands, including Boohoo, MAN, and PrettyLittleThing, declined by 21 per cent to £947 million.

The move comes amid strong competition from Shein and a shift towards second-hand clothing among younger shoppers, The Guardian reported.

Keep ReadingShow less