Diageo may not recover Rs 900 cr loan from Vijay Mallya co
Global spirits giant Diageo has said it may not be able to fully recover a loan of USD 135 million given to Vijay Mallya-affiliated Watson by Standard Chartered Bank where it had acted as a guarantor in case it is asked to pay up. The world’s largest spirits maker, Diageo, which acquired... read more »
Defence veterans end fast-unto-death, protests to continue
Defence veterans, who were on fast-unto-death, on Sunday called off their hunger strike following a clarification from Prime Minister Narendra Modi on the voluntary retirement issue, a day after Defence Minister Manohar Parrikar announced the implementation of One Rank One Pension on Saturday. The... read more »
Migrant crisis: Germany to release funds to help regions cope
Germany’s coalition government has agreed to spend 6bn euros (£4.4m) to support record numbers of migrants and other measures to deal with the influx. Critics at home have accused Chancellor Angela Merkel of creating a dangerous precedent by opening Germany’s borders. About 18,000... read more »
North, South Korea begin family reunion talks
North and South Korean Red Cross officials kicked off talks on Monday on organising a rare and emotional reunion for families separated by the Korean War. The discussions at the border truce village of Panmunjom were the product of an agreement the two Koreas reached two weeks ago to end a... read more »
