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<ul><li>This is the first time <keyword id="5030468" type="General" weightage="100" keywordseo="easemytrip" source="Orion">EaseMyTrip</keyword> has appointed brand ambassadors since its inception.</li><li>Vijay and Varun are coming together as part of a brand campaign.</li></ul>EaseMyTrip has announced the appointment of ace actors <keyword id="31515" type="General" weightage="80" keywordseo="vijay-raaz" source="Orion">Vijay Raaz</keyword> and <keyword id="337442" type="General" weightage="80" keywordseo="varun-sharma" source="Orion">Varun Sharma</keyword> as brand ambassadors. This is the first time that EaseMyTrip has appointed any brand ambassadors. Additionally, Vijay Raaz and Varun Sharma are also coming together as a duo for the first time for any brand campaign. The actors with their mass appeal and strong connect with the audience will complement the brand’s image of EaseMyTrip. The actors are admired by the fans for their genuine and down-to-earth personalities and their ability to make each and every act memorable. Vijay Raaz and Varun Sharma are also known for their impeccable comic timings and both actors have created a niche in the market basis their unique performances. The association is in sync with the brand’s image where EaseMyTrip has established itself and gained market share purely basis performance to date. The company is known for its consistent performance while being 100% bootstrapped and profitable since inception. Speaking on the occasion, Nishant Pitti, CEO &amp; Co-Founder, EaseMyTrip said, “We are thrilled to associate with Varun Sharma and Vijay Raaz as the faces of our brand. Similar to EaseMyTrip, they are the epitome of great performances. They have a unique mass appeal that cuts across all audiences and geographies. EaseMyTrip has revolutionised online travel by introducing initiatives such as a hassle-free booking experience, zero convenience fee and full refund due to medical reasons. Now is the right time for us to let more people be aware of such initiatives by EaseMyTrip through our brand campaign with Vijay Raaz and Varun Sharma.” Both the actors are elated and excited to be associated with EaseMyTrip as there is similar synergy between them making this partnership extremely special and one of a kind. Sharing his excitement on the partnership, Varun Sharma said, “I am absolutely honoured and delighted to be partnering with one of the fastest-growing brands in the world. They have revolutionized the way we travel and looking forward to working closely with EaseMyTrip to create an exceptional brand connect.” Speaking on the association, Vijay Raaz said, “My best wishes to EaseMyTrip as the brand is well known for its customer centricity and consistent performance. Wish to work together and create something memorable.”

EaseMyTrip signs Vijay Raaz and Varun Sharma as its first-ever brand ambassadors

New Delhi, <keyword id="20004114" type="General" weightage="20" keywordseo="vijay-shekhar-sharma" source="keywords">Vijay Shekhar Sharma</keyword>, one of the most recognised faces of India's fintech industry, has seen a fair share of controversies. Sharma launched <keyword id="19898109" type="General" weightage="20" keywordseo="paytm" source="keywords">Paytm</keyword> - an acronym for 'pay through mobile' - offering mobile recharges. He launched wallet services in 2011 but the big push came with the 2016 demonetisation. He took out front-page ads in top newspapers with Prime Minister Narendra Modi's photo, calling demonetisation the "boldest decision in the financial history of independent India". With fewer currency notes in circulation, Paytm was on a roll. Sharma made a splash in 2018 by getting USD 300 million investment in Paytm from <keyword id="19921921" type="General" weightage="20" keywordseo="warren-buffett" source="keywords">Warren Buffett</keyword>'s Berkshire Hathaway. *Controversies* Paytm was mired in controversies with its Chinese connection following huge investments from Alibaba Group. The Chinese internet firm became the biggest shareholder in Paytm with a 34.7 per cent stake before the company's initial public offer. Alibaba group firm Antfin sold around 5 per cent shares to lower its stake below 25 per cent to comply with regulatory requirements at the time of IPO. To shed its Chinese-owned entity image, Paytm in August 2023 announced that founder and CEO Vijay Shekhar Sharma would acquire a 10.3 stake in Antfin through his overseas entity Resilient Asset Management BV which will make him the largest stakeholder in the company with 19.42 per cent stake. In return, Resilient issued a debt instrument --optionally convertible debentures, to Antfin thereby maintaining the economic interest of Alibaba group firm. With this transaction, Antfin's direct stake in Paytm was reduced to 13.5 per cent. Antfin further sold 3.6 per cent in Paytm to bring its shareholding to less than 10 per cent and at present holds 9.89 per cent of the fintech firm. The company's market cap has eroded drastically since the time of its listing. The company's IPO opened on November 8, 2021, in the price band of Rs 2,080-2,150 per share. The Paytm IPO made history with over Rs 18,300 crore share sale 'making it the largest public issue in India's corporate history. But the company's stock made a weak debut in the market on November 18 and hit a lower circuit after recording about 20 per cent decline during trading hours. It finally closed at Rs 1,560, down by about 27 per cent, compared to its issue price of Rs 2,150. Since then, Paytm shares have not been able to cross even half the mark of the issue price. After the <keyword id="19899808" type="General" weightage="20" keywordseo="rbi" source="keywords">RBI</keyword>'s January 31 move, One97 Communications shares tanked around 40 per cent to close at Rs 487.05 on BSE on Friday. Billionaire businessman <keyword id="19952201" type="General" weightage="20" keywordseo="warren-buffet" source="keywords">Warren Buffet</keyword>'s Berkshire Hathaway sold its stake in Paytm at a loss of 31 per cent per share in November 2023. Berkshire Hathaway had invested in Paytm for about Rs 1279 per share but sold it for Rs 877.29 apiece. At present, Cayman Island-registered SAIF III Mauritius Company Limited is the single largest direct shareholder in Paytm with a 10.83 stake followed by Sharma's Resilient Asset Management BV with a 10.29 per cent stake. SAIF Partners is led by Chinese-origin entrepreneurs with Andrew Y Yan as its managing partner. *Paytm run-ins with RBI* RBI on June 19, 2018, prohibited Paytm Payments Bank from opening any new account and wallet with effect from June 20, 2018, on account of supervisory concerns, which were lifted by RBI on December 27, 2018, with effect from December 31, 2018. The Office of Banking Ombudsman issued a show-cause notice dated March 6, 2019, for Paytm Payments Bank's failure to monitor a certain account maintained with it which had shown a sudden increase in the velocity of daily transactions involving immediate transfer to other banks. The actions were found to be in the violation of RBI's provisions on KYC. RBI rejected Paytm Payments Services Ltd's (PPSL) application to operate as a payment aggregator on November 25, 2022. The banking regulator asked the firm to re-submit applications within 120 days after it gets government approval on investment made by OCL into PPSL as per FDI guidelines. The regulator asked PPSL to continue operations with the condition that no new merchants should be onboard. After completion of 120 days, RBI again granted PPSL an extension but without removing the bar on new merchant onboarding. RBI issued a show cause notice to PPBL on July 29, 2021 for submitting false information to RBI confirming completion of the transfer of the Bharat Bill Payment Operating Unit ("BBPOU") by OCL to PPBL on August 28, 2017. The actual transfer of the BBPOU business by the Company to PPBL was completed only by March 31, 2021. RBI on October 1, 2021, imposed a penalty amounting to Rs 1 crore on PPBL for a contravention of the Payment and Settlement Systems Act, 2007. RBI imposed a penalty of Rs 5.93 crore on PPBL on October 10, 2023, after it found several non-compliances including banks failure to identify beneficial owners in respect of entities on-boarded by it for providing payout services. RBI found that PPBL did not monitor payout transactions and carry out risk profiling of entities availing payout services, breached the regulatory ceiling of end of the day balance in certain customer advance accounts availing payout services. The banking regulator found that PPBL reported a cyber security incident with delay and failed to implement device binding control measures related to 'SMS delivery receipt check'. PPBL video-based customer identification process infrastructure failed to prevent connections from IP addresses outside India.

Vijay Shekhar Sharma: The controversies of the architect of fintech

Former liquor baron <keyword id="14678" type="PERSON" weightage="100" keywordseo="Vijay-Mallya">Vijay Mallya</keyword>, in a series of <a href="http://www.businessinsider.in/Vijay-Mallya-takes-to-Twitter-to-reveal-what-made-him-escape-the-country-without-paying-loan-amount/articleshow/56831457.cms">tweets</a>, said that he is ready to <keyword id="71039" type="UNKNOWN" weightage="100" keywordseo="negotiate">negotiate</keyword> with banks to pay a <keyword id="139241" type="UNKNOWN" weightage="100" keywordseo="one-time-settlement">one-time settlement</keyword>. 
 
Also read: <a href="http://www.businessinsider.in/Vijay-Mallya-out-of-India-while-banks-seek-stay-order/articleshow/51323634.cms">A little too late! Mallya flew out of India before banks could take a stay order against him</a> 
 Here are the <keyword id="4277112" type="UNKNOWN" weightage="100" keywordseo="Tweets-from-Mallyas-account">tweets from Mallya’s account</keyword>: 
 
<blockquote class="twitter-tweet" data-lang="en">
	 The allegations against me by the Attorney General before the Honourable <keyword id="6354977" type="ORGANIZATION" weightage="100" keywordseo="Supreme-Court">Supreme Court</keyword> only prove the attitude of the Government against me
	— Vijay Mallya (@TheVijayMallya) <a href="https://twitter.com/TheVijayMallya/status/839968907251372033">March 9, 2017</a></blockquote>
 
Also read: <a href="http://www.businessinsider.in/Vijay-Mallyas-aircraft-to-be-auctioned-expected-to-fetch-around-Rs-535-crore/articleshow/55094451.cms">Vijay Mallya’s aircraft to be auctioned; expected to fetch around Rs 535 crore</a> 
 
He went on to say that he has followed all court orders, and deserves a fair trial. 
 
<blockquote class="twitter-tweet" data-lang="en">
	
		I have humbly obeyed every single Court Order without exception. Seems as if Government is bent upon holding me guilty without fair trial
	— Vijay Mallya (@TheVijayMallya) <a href="https://twitter.com/TheVijayMallya/status/839969673286389761">March 9, 2017</a></blockquote>
 
<blockquote class="twitter-tweet" data-lang="en">
	
		Public Sector Banks have policies for One Time Settlements.Hundreds of borrowers have settled. Why should this be denied to us ?
	— Vijay Mallya (@TheVijayMallya) <a href="https://twitter.com/TheVijayMallya/status/839981387843284992">March 9, 2017</a></blockquote>
 
Also read: <a href="http://www.businessinsider.in/13-of-vijay-mallyas-properties-to-be-auctioned-including-his-palatial-mumbai-house/articleshow/57310868.cms">13 of Vijay Mallya's properties to be auctioned, including his palatial Mumbai house</a> 
 
He added: 
 
<blockquote class="twitter-tweet" data-lang="en">
	
		Our substantial offer before the Hon'ble Supreme Court was rejected by Banks without consideration.Am ready to talk settlement on fair basis
	— Vijay Mallya (@TheVijayMallya) <a href="https://twitter.com/TheVijayMallya/status/839982944706035712">March 9, 2017</a></blockquote>
 
He ended the series by saying that an intervention from the <a href="http://www.businessinsider.in/Vijay-Mallya-foreign-assets/articleshow/51994174.cms">Supreme Court</a> would end the matter quickly. 
 
<blockquote class="twitter-tweet" data-lang="en">
	
		Wish the Hon'ble Supreme Court would intervene and put an end to all this by directing Banks and us to negotiate and settle.We are ready.
	— Vijay Mallya (@TheVijayMallya) <a href="https://twitter.com/TheVijayMallya/status/839985116650831872">March 9, 2017</a></blockquote>
 
(Image source: OhMyIndia)

Ready to talk one-time settlement, says Vijay Mallya

<ul><li>Actor <keyword id="6354625" type="General" weightage="80" keywordseo="vijay-sethupathi" source="Orion">Vijay Sethupathi</keyword> has been roped in as the brand ambassador of Mankid Pharma.</li><li>As a part of the association, <keyword id="146847" type="General" weightage="80" keywordseo="mankind-pharma" source="Orion">Mankind Pharma</keyword> will donate Rs 31 lakh to the Film Employees Federation of South India (FEFSI).</li></ul>Pharmaceutical company <keyword id="111790" type="General" weightage="100" keywordseo="mankind" source="Orion">Mankind</keyword> Pharma has announced its association with Vijay Sethupathi, an Indian actor and producer who predominantly has contributed in the Tamil cinema. In lieu of this association, Mankind Pharma, the company will be donating an amount of Rs 31 lakh to the Film Employees Federation of South India (FEFSI). FEFSI is an Indian organisation consisting of technicians from the <keyword id="6412552" type="General" weightage="20" keywordseo="tamil-film-industry" source="Orion">Tamil Film Industry</keyword> in Tamil Nadu, India. The amount donated will help all those who are facing a slowdown due to the pandemic and will support the growth of the organization and its members. Vijay Sethupathi has won 15 awards in the category of Best Actor which includes Filmfare Award- Tamil, <keyword id="128899" type="General" weightage="20" keywordseo="national-film-award" source="Orion">National Film Award</keyword>, <keyword id="12247905" type="General" weightage="20" keywordseo="vijay-award" source="Orion">Vijay Award</keyword> for Best actor and many more. Speaking on the partnership, Sethupathi said, “It is a pleasure to partner with Mankind Pharma as the brand ambassador and represent the brand in the southern market. The company perfectly justifies the true meaning of ‘Mankind’ and the motto of ‘Serving Life’ in the industry. I am honoured to be a part of the Mankind Pharma family and hope to serve the society together.” Speaking on the occasion, <keyword id="4921166" type="General" weightage="20" keywordseo="Rajeev-Juneja" source="Orion">Rajeev Juneja</keyword>, Managing Director and Vice Chairman, Mankind Pharma said, “We believe that Vijay Sethupathi is an ideal personality for us as a brand ambassador and has an emotional connect with the audience which is why people call him “People’s Treasure”. Both Mankind Pharma and the superstar have a common synergy and thought process of serving life in the country, and we feel this mutual alliance will be a prolific one for both of us. We at Mankind Pharma always selflessly contribute towards the betterment of the society and believe in serving life, we hope that the token amount donated to FEFSI will help provide assurance towards the growth of the company. Together we will continue to selflessly contribute towards the betterment of the society.” Mankind Pharma aspires to aid the community in leading a healthy life by formulating, developing, commercializing, and delivering affordable and accessible medicines that satisfy urgent medical needs.

Mankind Pharma ropes in Vijay Sethupathi as its brand ambassador

<ul><li>Thums Up launches a new advertisement with <keyword id="2894849" type="General" weightage="100" keywordseo="vijay-deverakonda" source="Orion">Vijay Deverakonda</keyword> of Arjun Reddy fame.</li><li> The action-packed campaign, conceptualized by Ogilvy, featuring the South superstar builds on Thums Up’s distinctively strong taste and experience.</li></ul>Thums Up, <keyword id="6385848" type="General" weightage="20" keywordseo="coca-cola-india" source="Orion">Coca-Cola India</keyword>’s homegrown brand, teams up with the new face of action, Vijay Deverakonda to present the new campaign for the brand. The action-packed campaign featuring the South superstar, builds on Thums Up’s distinctively strong taste and experience. Thums Up has been saluting the heroes who have overcome tremendous odds to reach where they are today. The brand stays committed with its deep association with the Olympic, Paralympic Games and cricket, and continued partnerships with Indian athletes. This new campaign exemplifies the brand’s core values of displaying unwavering tenacity in the face of adversity while bringing forth uninterrupted entertainment through a delightful display of action. <div type="Youtube" id="piXtNKq1ROg" title="Thums Up తూఫాను" thumbUrl="https://i.ytimg.com/vi/piXtNKq1ROg/mqdefault.jpg"></div> Commenting on the new campaign Sumeli Chatterjee, Head - Integrated Marketing Experiences (IMX), Coca-Cola India said, “Thums Up is uniquely loved for its strong taste and our continued commitment to celebrate courage to strive for our dreams. This #ThumsUpStrong campaign builds on its intrinsic (product) differentiator of strong taste, as it urges the audiences to believe in their inner strength to aim for their #PalatDe moments. The ‘never back down’ attitude of Thums Up is aptly woven into the emotion of Toofan (thunder) and depicted through the upside-down bottle action.” The brand is excited to present to its audience, the new face of action Vijay Deverakonda in a campaign that is fast-paced and adventurous. Having showcased his acting prowess with super successful films like Arjun Reddy &amp; Geetha Govindam, and awaiting the big release of Liger this year, Vijay Deverakonda forays into deep action territory with Thums Up. The campaign proclaims ‘Soft Drink nahin, Toofan’ as it aims to connect with millions of Indians who are truly resilient, rise above all challenges that cross their paths, work hard to overcome all odds, to become heroes in their own fields. Vijay Deverakonda, star of the new <keyword id="12140592" type="General" weightage="20" keywordseo="thums-up-campaign" source="Orion">Thums Up campaign</keyword>, said, “Thums Up holds a special place in my heart. Growing up, it was always my go-to beverage. Hot summers, play through the day, drink Thums Up, Refresh... The fizzy and strong taste of this drink is unparalleled and was the best pairing with Biryani. I am excited to be the new face of Thums Up, a brand that continues to stand for hard work, determination, agility and resilience.” <keyword id="2811220" type="General" weightage="20" keywordseo="sukesh-nayak" source="Orion">Sukesh Nayak</keyword>, Chief Creative Officer, Ogilvy India says, “The big idea to land strong drink for me is the repositioning of the commonly used word ‘soft drink’. An iconic brand like Thums Up which stands for the ‘never give up attitude’ deserved a separate word to be called out as, hence, ‘soft drink nahi, toofan’. Vijay stands for toofan and we are thrilled to have him partner with us to bring this idea to life in full on toofani style.” "If you’re a Thums Up lover, and most of us are, you know it’s anything but ‘soft’. So we’ve pulled it out of the soft drink category and put it in a category of its own: its ‘soft drink nahin, TOOFAAAAAAN’! The distinct strong taste of Thums Up, the toofaan that it creates needed an equally toofani face to it. So whistle podu for the much loved ‘rowdy’ Vijay Deverakonda. A toofan for the toofan!" says, Ritu Sharda, Chief Creative Officer, Ogilvy India (North) The adrenaline-fueled campaign which shows Deverakonda fighting against his captors to emerge victorious, will be brought to life via an integrated campaign across TV, social, digital, OOH and build interactive campaigns with audiences allowing the fans to participate in the storytelling.

Vijay Deverakonda wows audiences with his action-packed stunts in Thums Up’s new campaign

India’s liquor baron <keyword id="14678" type="PERSON" weightage="100" keywordseo="Vijay-Mallya">Vijay Mallya</keyword> has been in a good <a href="http://www.businessinsider.in/Govt-Rejects-Vijay-Mallya-As-Kingfisher-Airlines-Director/articleshow/45345410.cms">few controversies</a> in the recent past, and being <a href="http://www.businessinsider.in/PNB-not-the-only-bank-to-declare-me-a-defaulter-will-do-what-I-have-to-do-Mallya/articleshow/51054600.cms">declared as a wilful defaulter by Punjab National Bank</a> and <a href="http://www.businessinsider.in/United-Bank-Of-India-First-Bank-To-Declare-KFA-And-Vijay-Mallya-As-Wilful-Defaulter/articleshow/41419364.cms">United Bank of India</a> might just be one of them. 
 However, <keyword id="6354731" type="CITY" weightage="100" keywordseo="State-Bank-Of-India">State Bank of India</keyword>, country's largest lender, has decided to deal with him hands on. <keyword id="13222" type="CITY" weightage="100" keywordseo="SBI">SBI</keyword> has reportedly approached the Debt Recovery Tribunal (DRT) seeking the arrest of Vijay Mallya so that <a href="http://www.businessinsider.in/SBI-Sends-Letter-to-Kingfisher-Airlines-May-declare-Vijay-Mallya-As-A-Wilful-Defaulter-Soon/articleshow/41707004.cms">loans to Kingfisher Airlines</a>, which was once promoted by the liquor baron can be recovered. 
 
Not only an arrest, SBI also wants his passport to be impounded and a complete disclosure of his personal assets. The move has come after Mallya struck a $75-million deal with Diageo to exit United Spirits and relocate to the UK. 
 
The CBI has charged on lenders for not taking timely action against the defaulter, which helped the company "divert funds and destroy evidence". 
 "Despite our repeated requests, the banks did not file a complaint with the CBI. We had to register the case on our own." Regretting that only "one among the 17 lenders" had declared Kingfisher a "wilful defaulter", CBI Director <keyword id="235651" type="PERSON" weightage="100" keywordseo="Anil-Sinha">Anil Sinha</keyword> said. 
 
<a href="http://s3.india.com/wp-content/uploads/2016/02/vijay-mallya.jpg">Image source</a>

SBI wants Vijay Mallya arrested

<keyword id="19895758" type="General" weightage="20" keywordseo="Chennai" source="keywords">Chennai</keyword>: Actor-turned-politician <keyword id="19902056" type="General" weightage="100" keywordseo="Vijay" source="keywords">Vijay</keyword> unveiled the <keyword id="20304924" type="General" weightage="20" keywordseo="flag" source="keywords">flag</keyword> and symbol of his party, <keyword id="20429636" type="General" weightage="20" keywordseo="Tamilaga-Vettri-Kazhagam" source="keywords" meta.keywordsubtype="org" meta.entityname="Tamilaga Vettri Kazhagam" meta.hostid="261" meta.entityid="Tamilaga Vettri Kazhagam">Tamilaga Vettri Kazhagam</keyword> (TVK) at the party office in Chennai on Thursday. Vijay's father and mother were also present at the party office during the unveiling of TVK's flag and symbol. Before unveiling the flag of the party, the actor turned politician read a pledge and said that he will uphold the principle of equality for all living beings. "We will always appreciate the fighters who fought and sacrificed their life for the liberation of our country and countless soldiers who fought tirelessly for the rights of our people from Tamil soil...I will remove the differences in the name of caste, religion, gender, place of birth, create awareness among the people and strive for equal opportunities and equal rights for all. I solemnly affirm that I will uphold the principle of equality for all living beings," reads the pledge. Earlier, in a press statement released on Wednesday in Tamil, the star actor said, "It is a great blessing if every day is a new direction and a new force in history. 22nd August 2024 is the day that God and nature have given us as such a blessing. It is the day when the flag, the main symbol of our <keyword id="22873688" type="General" weightage="20" keywordseo="tamil-nadu-victory-club" source="keywords">Tamil Nadu Victory Club</keyword>, will be introduced." "Working for the welfare of Tamil Nadu, we will introduce our heroic flag, the victory flag, which will become the symbol of our state, tomorrow at our headquarters secretariat and release the association flag song. I am pleased to announce that we are hoisting the club flag," the release added. Actor Vijay entered into politics and announced the name of his party <keyword id="22873689" type="General" weightage="20" keywordseo="-tamilaga-vetri-kazham" source="keywords">- Tamilaga Vetri Kazham</keyword> in February this year.

Actor Vijay unveils Tamilaga Vettri Kazhagam flag, symbol

Tech investor TV <keyword id="6491998" type="PERSON" weightage="20" keywordseo="Mohandas-Pai">Mohandas Pai</keyword> today said that forcing beleaguered businessman <keyword id="14678" type="PERSON" weightage="20" keywordseo="Vijay-Mallya">Vijay Mallya</keyword>, who owes over Rs 9,000 crore to several banks, to come back to India is a "bad strategy". 

	"I think it's a bad strategy to force him to come back because I don't think they have a strong case to do what they are doing," the former Chief Financial Officer of software major Infosys said. 
 

	Better strategy, he said, is to get the Debt Recovery Tribunal to pass an order invoking guarantee he has given to banks and attach his assets. 
 

	Today, there is no proof for or against Vijay Mallya asking him to pay back any money. There is no court order. Dispute is in the court. Court has not given any order. Everybody is saying 'pay back, pay back' but pay back what? For paying back, you need a court order...exactly how much to pay and all that. I think it's being badly handled," Pai told PTI. 
 

	Pai, co-founder of Aarin Capital, favoured requesting the Supreme Court to pass an order for negotiations with the liquor baron. 
 

	He noted that nobody has claimed that Mallya siphoned off money and indulged in money laundering till Enforcement Directorate (ED) went after him. 
 

	"Nobody knows what evidence ED has. None of the banks has found evidence, no body spoke about it. Now only ED is saying," said Pai, currently Chief Adviser to the Manipal Education and Medical Group. 
 

	He stressed the need for improving legal system in the country, noting that the case against Mallya was going on before DRT from the year 2013. 
 

	Pai said he was also against "naming and shaming" willful defaulters of bank loans. 
 

	"Once you lost money, there is no shame. Everybody knows you lost money, what is the shame? Shame is a middle class morality; shame is not there for business class or those who own business," he said. 
 

	"I don't think anybody's name should be made public. What should be done is: we need bankruptcy law to force them into bankruptcy, sell their assets and get back the money. Once there is bankruptcy law, they are forced into bankruptcy; it (their names) will automatically become public," Pai said

'Forcing Vijay Mallya to come back to India is bad strategy'

Gujarat Chief Minister <keyword id="193875" type="General" weightage="20" keywordseo="vijay-rupani" source="Orion">Vijay Rupani</keyword> on Saturday resigned from the post, over a year before the state goes to polls. Elections are scheduled in December 2022 to elect 182 members of the Gujarat Assembly. Rupani (65) was sworn in as chief minister - his second stint as CM - in December 2017. "I have resigned as chief minister of Gujarat," Rupani told reporters after meeting Governor Acharya Devvrat and submitting his resignation letter. "I was given the opportunity to serve the state for five years. I will further do whatever is asked by my party," Rupani said.

Gujarat Chief Minister Vijay Rupani resigns

<ul><li>The UK’s Home Secretary, <keyword id="6448687" type="PERSON" weightage="20" keywordseo="sajid-javid">Sajid Javid</keyword>, has finally signed off on the extradition of <keyword id="14678" type="PERSON" weightage="20" keywordseo="Vijay-Mallya">Vijay Mallya</keyword>. </li><li>This comes two months after the Westminster Magistrates’ Court ruled that the liquor baron could be extradited to India in order to answer for his alleged crimes. </li><li>Mallya now has 14 days to appeal the ruling.</li></ul>The UK’s Home Secretary, Sajid Javid, has finally signed off on the extradition of Vijay Mallya, nearly a month after he was declared a <a href="https://www.thehindu.com/news/national/vijay-mallya-declared-as-fugitive-economic-offender-under-new-law/article25919274.ece">“fugitive economic offender” </a>after a special court in India on charges of fraud and <keyword id="6355008" type="UNKNOWN" weightage="20" keywordseo="Money-laundering">money laundering</keyword>. He has defaulted on nearly ₹90 billion worth of loans made to his now-defunct <keyword id="6373962" type="COMPANY" weightage="20" keywordseo="kingfisher-airlines">Kingfisher Airlines</keyword>. The case was sent to the UK Home Office In December 2018 after the Westminster Magistrates’ Court ruled that liquor baron Vijay Mallya <a href="https://www.businessinsider.in/the-extradition-of-vijay-mallya-the-indian-government-has-secured-a-key-victory-but-a-lot-more-work-remains/articleshow/67041778.cms">could be extradited to India</a> in order to answer for his alleged crimes. It took the full two months it had to make a decision. Javid’s verdict is an important victory for India. In addition to the severity of Mallya’s financial crimes, it was asked to guarantee that he would be subjected to a fair trial and humane living conditions while in jail. Mallya now has 14 days to appeal the ruling. For his part, he has vehemently denied reports that he fled India to prevent imprisonment and even said that he had made offers to pay back his loans. He took to Twitter shortly after the UK’s Home Office announced his decision. 
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 Given that Mallya now has the all-clear to appeal his extradition, it could be still be a few months before his extradition takes place. However, the Modi administration will likely do its best to secure his return before general elections in May, which will give it an important symbolic victory and bolster its anti-corruption stance. Separately, a special court set up under the Prevention of Money Laundering Act is expected to take a decision this week on a plea filed by a consortium of lenders led by the State Bank of India on whether ₹125 billion worth of confiscated assets belonging to Mallya can be liquidated at the earliest. SEE ALSO: <a href="https://www.businessinsider.in/the-extradition-of-vijay-mallya-the-indian-government-has-secured-a-key-victory-but-a-lot-more-work-remains/articleshow/67041778.cms">The extradition of Vijay Mallya: The Indian government has secured a key victory but a lot more work remains</a> <a href="https://www.businessinsider.in/indian-liquor-tycoon-vijay-mallya-to-be-extradited-cbi-hopes-to-see-him-soon/articleshow/67027297.cms">Indian liquor tycoon Vijay Mallya to be extradited — CBI ‘hopes to see him soon’</a>

India just moved a step closer to securing the extradition of Vijay Mallya

When Forbes named Vijay Shekar Sharma as the youngest billionaire of India in 2017, the net worth of his company PayTM was $2.1 billion. In June 2019, the company is credited with a net worth of $2.7 billion. The son of a simple school teacher, how Vijay Shekar Sharma built his success story is highly interesting and inspiring. Here are a few interesting facts about him that can move the readers to admire this amazing personality. His business benefited from the change How Sharma rose to success was by taking the wind’s direction to his advantage. When the internet industry was turning intricate, Vijay Shekar perceived a paradigm shift in the process of billing from paying bills at physical outlets to online payment. He took inspiration from this shift and launched PayTM that expands as Pay Through Mobile. The favourable climate around him paved way for his quick success. In the online payments arena. Past awards and recognitions In 2015, Vijay Shekar was credited with the most coveted ‘India’s Innovative CEO Award’. In a celebration, PayTM was also recognized among Delhi’s top 50 brands. In 2006, PayTM was identified as the “Most Innovative Start-up of the Year”. He was a child prodigy Vijay began his college life as early as 15 years of age. He graduated as an engineer when he was just 19 years. In 1997 when he was doing his college studies, he started a website indiasite.net and later sold it for $1 million two years later. The initial journey for him was tough In 2001 Vijay started One97, the parent company of PayTM. He had to take a loan of 8 lakhs to fund his startup. Soon he realized the repayment was getting tougher. Hence he took up some petty jobs like delivering guest lectures and setting up LAN connections in order to see that both the ends met. His fortune turned gradually upwards and he could occupy the 1567th rank in the World’s Billionaire’s List by Forbes. This position made him the youngest billionaire of India. Vijay’s wealth shot up even when PayTM suffered losses In 2018, Vijay’s net worth rose to $2.6 billion, which was close to Rs 18,000 crore. Hence he was ranked at the 877th position among the 2,153 global billionaires. This happened despite his company PayTM was reported to suffer a loss of Rs 3,393 crore. His business benefited from demonetization In November 2016, the Indian government announced one of the biggest ever demonetization moves on the earth in which the high-value currency notes were withdrawn. This measure intended to crack down the black money market, illegal money laundering and terrorist funding, had also struck a severe blow on a large number of businesses. While demonetization slashed away the cash worth billions of dollars within a very short period of time, a huge segment of the population turned towards digital payments. This move gave a big boost to PayTM which gained tremendously from demonetization and spurted to growth. Read Also about other Personalities - <a href="https://www.businessinsider.in/interesting-facts-about-ola-founder-bhavish-aggarwal/articleshow/71186840.cms">Ola Founder Bhavish Aggarwal</a> <a href="https://www.businessinsider.in/10-interesting-facts-about-ratan-tata-that-you-should-know/articleshow/69914798.cms">Facts about Ratan Tata</a> <a href="https://www.businessinsider.in/interesting-facts-about-oyo-founder-ritesh-agarwal/articleshow/70417612.cms">Ola founder Ritesh Agarwal</a>

Interesting facts of PayTM founder Vijay Shekhar Sharma

The <keyword id="48510" type="ORGANIZATION" weightage="100" keywordseo="Rajya-Sabha">Rajya Sabha</keyword> Ethics Committee has rejected former liquor baron <a href="http://www.businessinsider.in/VijayMallya-the-escapee-who-didnt-escape-apparently/articleshow/51344981.cms">Vijay </a><a href="http://www.businessinsider.in/VijayMallya-the-escapee-who-didnt-escape-apparently/articleshow/51344981.cms">Mallya</a>'s resignation, saying that because of him not fulfilling what was expected from his end, he needs to be <a href="http://www.businessinsider.in/These-are-the-14-MPs-that-have-ever-been-expelled-from-the-Parliament-Know-why/articleshow/52026584.cms">expelled with immediate effect</a>. 
 
"Since I do not want my name and reputation to be further dragged in the mud and since <a href="http://www.businessinsider.in/Vijay-Mallya-safe-in-UK/articleshow/52041381.cms">recent events</a> suggest that I will not get fair trial or justice, I am hereby resigning as a member of Rajya Sabha with immediate effect," Mallya had written in his resignation. 
 
Not only this, he had also said that he has been targetted by the media and is disappointed by fellow colleagues. 
 
"That I am facing trial by media and a lynch mob mentality is all too apparent," he wrote. "I have no faith that in the current climate prevailing in the country that I will get any justice even at the hands of my colleagues." 
 
Also read: <a href="http://www.businessinsider.in/Indian-wants-Vijay-Mallya-deported/articleshow/52027466.cms">India formally asks UK to deport Vijay Mallya</a> 
 
This is what he tweeted about him being called a ‘<a href="http://www.businessinsider.in/Vijay-Mallya-makes-another-attempt-this-time-he-is-offering-Rs-6000-crore-settlement/articleshow/51822342.cms">defaulter</a>.’ 
 
 
<blockquote class="twitter-tweet" data-lang="en">
	
		Agree Kingfisher Air owes money to Banks.I am neither a borrower or a judgement debtor.Why am I a defaulter inspite of a settlement offer ? — <keyword id="14678" type="PERSON" weightage="100" keywordseo="Vijay-Mallya">Vijay Mallya</keyword> (@TheVijayMallya) <a href="https://twitter.com/TheVijayMallya/status/727245283734786048">May 2, 2016</a></blockquote>
The resignation, however, was rejected by the panel, stating that it was required by their end to expel him, so that an example is set. Moreover, since Mallya never declared his liabilities in the past 10 years, which a RS member is supposed to do annually, he deserves to be handled with strictness. 
 
"Having considered the whole matter, including Mallya's letter, the Committee of Ethics unanimously decided to recommend to the House that Vijay Mallya be expelled with immediate effect. The committee adopted draft report to that effect. The panel hopes that by taking such a stern action, a message would reach to the general public that Parliament is committed to take such steps as are necessary against erring members to uphold the dignity and prestige of this great institution," the panel wrote in a letter to the Rajya Sabha. 
 
Mallya's <a href="http://www.businessinsider.in/These-are-the-14-MPs-that-have-ever-been-expelled-from-the-Parliament-Know-why/articleshow/52026584.cms">second term as a Rajya Sabha member</a> would have ended on July 1. 
 
<a href="http://images.financialexpress.com/2016/04/mallya-EP.jpg">Image source</a>

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