Skip to content
Search

Latest Stories

Mallya rejects reports that he is selling Force India

Sarwar Alam
By Sarwar AlamJul 08, 2018
Sarwar Alam
See Full Bio

Force India owner Vijay Mallya on Friday (6) rejected reports that he is set to sell his team.

Amid reports of financial issues that have hampered the team's progress and as Mallya fights extradition to India on fraud charges, he delivered a robust defence of his stewardship of the team.

The team has been linked to reported bids from British energy drinks firm Rich Energy and American IndyCar team owner Michael Andretti, but Mallya denied he had received "a credible offer."

Making his first public appearance at a Grand Prix since last year's race at Silverstone, Mallya spoke out during a news conference.

"People have been writing about the ownership of my team for years now," he told reporters. "I'm proud that we finished our 200th Grand Prix in Austria. It's a big milestone for me since I own this team.

"I am sure you will not see anybody in Force India, indeed myself, walk around with a 'for sale' sign.

"As far as all these rumours are concerned, and all the statements that keep appearing in the media, all I can say is, if there is a credible offer with cash on the table, I will be the first one to discuss with my shareholders.

"I will see what they feel and, in the unlikely event we wish to sell the team, if there's an offer that we cannot refuse, I will be the first one to announce it. Until then, speculation remains speculation.

vijay mallyaforce india

Related News

K Pop Star Wheesung, 43, found dead; police suspect drug overdose
Entertainment

K Pop Star Wheesung, 43, found dead; police suspect drug overdose

How Shaye Bhattessa-Sharma Transformed Her Dragons’ Den Setback into Major Success
Business

Did Shaye Bhattessa-Sharma’s Dragons’ Den setback lead to an even bigger success?

Jaishankar Concludes UK Visit: Key Discussions on Trade, Security, and Diaspora
Featured

Jaishankar wraps up UK trip, talks focus on trade, security, and diaspora

The Importance of Higher Education in Career Advancement
Sponsored Feature

The Importance of Higher Education in Career Advancement

More For You

How AI is Transforming Instant Home Valuation: A Smarter Way to Sell Your Property

How AI is Transforming Instant Home Valuation: A Smarter Way to Sell Your Property

Selling a home has traditionally been a time-consuming process filled with uncertainties. One of the biggest challenges homeowners face is determining the right price for their property. Set it too high, and your home may sit on the market for months; price it too low, and you risk losing out on potential profit. This is where AI-powered instant home valuation comes in, providing homeowners with accurate property estimates in seconds.

The Challenges of Traditional Home Valuation

Traditionally, determining a home’s value required real estate agents to perform a comparative market analysis (CMA), manually assessing recent sales of similar properties in the area. While effective, this process is often slow and influenced by subjective opinions. Homeowners may also rely on online property listings or outdated valuation models that don’t account for real-time market trends.

Keep ReadingShow less
Sanjeev Gupta

Sanjeev Gupta is under investigation by the Serious Fraud Office for suspected fraud, fraudulent trading, and money laundering related to GFG’s financing, including from Greensill. (Photo: Getty Images).

Sanjeev Gupta in legal battle over £3bn Australian steel business

STEEL tycoon Sanjeev Gupta is in a dispute with Grant Thornton, the administrators of collapsed lender Greensill Capital, over control of InfraBuild, an Australian steel manufacturer, processor, and distributor valued at £3 billion.

The dispute concerns a mortgage held by Grant Thornton over Gupta’s shareholding in InfraBuild. Gupta’s Gupta Family Group (GFG) Alliance, which includes Liberty Steel and Alvance Aluminium, has faced financial difficulties since the collapse of its main lender, Greensill, in March 2021, reported The Times.

Keep ReadingShow less
Did Govinda really turn down James Cameron’s 'Avatar' and £1.7 million offer?

Govinda reveals why he declined James Cameron’s Avatar, despite being offered the lead role and a massive £1.7 million paycheque

Getty Images

Did Govinda really turn down James Cameron’s 'Avatar' and £1.7 million offer?

In a recent interview with veteran actor Mukesh Khanna, Bollywood star Govinda revealed that he was once offered a role in James Cameron’s 2009 blockbuster Avatar. According to Govinda, the Hollywood director offered him a whopping £1.7 M (Rs 18 crore) for the lead role, which eventually went to Sam Worthington. The actor also claimed that he was the one who suggested the film’s title to Cameron.

Govinda shared that the opportunity arose after a chance meeting with a Sikh businessman in the US. “I had given him a business idea that worked well for him. Years later, he introduced me to James Cameron,” he recalled. The two discussed the project over dinner, where Govinda proposed the title Avatar. However, he turned down the role after learning that the character was physically disabled. “James told me the hero was handicapped. I said, ‘I’m not doing this film,’” Govinda explained. He also expressed concerns about the physical demands of the role, including body paint which he felt would take a toll on his health.

Keep ReadingShow less
Nitanshi Goel Wins Best Actress at IIFA 2025, Outshines Alia Bhatt at Just 17

"Seventeen and unstoppable: Nitanshi Goel holds her IIFA 2025 Best Actress trophy after her historic win

Instagram/nitanshigoelofficial

IIFA 2025: 'Laapataa Ladies' star Nitanshi Goel outshines Alia Bhatt, wins best actress at just 17

Seventeen-year-old Nitanshi Goel stunned Bollywood and its whole galaxy of stars when she walked away with the Best Actress trophy at the IIFA Awards 2025. Her powerful portrayal of Phool Kumari in Laapataa Ladies didn’t just win hearts, it clinched one of the biggest honours of the night, leaving even the most seasoned names in the industry applauding in awe.

Held over two star-studded days on March 8 and 9 in Jaipur, the IIFA Awards celebrated the best of Hindi cinema. But it was Nitanshi’s win that became the talk of the evening. Dressed in a dazzling ruby-red gown, she stepped on stage to receive the award from Boman Irani and Bobby Deol. The moment was as emotional as it was historic. Teary-eyed and visibly moved, she thanked her family, director Kiran Rao, the entire Laapataa Ladies team, and her fans who cheered her on every step of the way.

Keep ReadingShow less
Naomi Watts Cheers as Daughter Kai Makes Debut at Paris Fashion Week

Kai made her runway debut at Paris Fashion Week

Instagram/ naomiwatts

Naomi Watts celebrates as daughter Kai makes stunning runway debut at Paris Fashion Week

Naomi Watts, the acclaimed British-Australian actress, has long been a fixture in Hollywood, known for her captivating performances in films like The Impossible and Mulholland Drive. But this week, it was her 16-year-old daughter, Kai Schreiber, who stole the spotlight. Kai made her runway debut at Paris Fashion Week, walking for the prestigious fashion house Valentino, and Naomi couldn’t have been prouder.

A star-studded debut

Kai’s debut on the Valentino catwalk was nothing short of spectacular. Dressed in a knit snakeskin mini dress with a dramatic feathered collar, the young model exuded confidence and elegance. The ensemble was completed with a beige headband, Havana sunglasses featuring blue lenses, white lace stockings, and matching sandals adorned with a rose strap. The look was bold, sophisticated, and perfectly suited to the high-fashion atmosphere of Paris Fashion Week.

Keep ReadingShow less
© Copyright 2025 Garavi Gujarat Publications Ltd & Asian Media Group USA Inc