India Government Blocks Mallya Reappointment

The transcript discusses the rejection of Vijay Mallya's reappointment as chief of Kingfisher Airlines by the Ministry of Corporate Affairs, highlighting the rare nature of such a decision. It details the financial troubles of Kingfisher Airlines, including its grounding due to mounting debt and defaulting on payments. The government's actions against Mallya, including labeling him a wilful defaulter, are outlined. Additionally, Mallya's resignation from the board of Mangalore Chemicals and the rejection of resolutions by United Spirits' shareholders are covered.

What impact did Vijay Mallya's resignation from the board of Mangalore Chemicals and Fertilizers have on the stock market?

What was the outcome of the resolutions put up to vote by United Spirits in which Diageo had a controlling stake?