Vijay Mallya offers to repay banks Rs 4000 crore by September

Vijay Mallya

Industrialist Vijay Mallya, who owes more than Rs 9000 crore to a consortium of 17 banks, today submitted to the Supreme Court a repayment plan of Rs 4000 crore by September this year. The top court has asked the consortium led by the State Bank of India (SBI) to respond to the liquor baron’s proposal….

Sergio Perez to partner Hulkenberg at Force India

Sergio Perez will partner Nico Hulkenberg at Force India for the 2014 Formula 1 season and `beyond`, the Silverstone based team announced here Thursday. Perez was linked to a Force India seat after being dropped by McLaren, who decided to go for Formula Renault 3.5 champion Kevin Magnussen. “It’s great to announce my new team…