logo
Vijay Mallya talks about choosing Katrina Kaif and Deepika Padukone as Kingfisher models, tells Raj Shamani: 'We chose the right girls, had all the heroines & stars and...'

Vijay Mallya talks about choosing Katrina Kaif and Deepika Padukone as Kingfisher models, tells Raj Shamani: 'We chose the right girls, had all the heroines & stars and...'

First Post5 hours ago

The business tycoon said, 'We chose the right girls, whether it was Deepika Padukone, Katrina Kaif. We had all the heroines and the stars on the calendar at a younger age. We picked the right talent.' read more
On his latest podcast with Raj Shamani, Vijay Mallya talked about choosing Katrina Kaif and Deepika Padukone as Kingfisher models.
The business tycoon said, 'We chose the right girls, whether it was Deepika Padukone, Katrina Kaif. We had all the heroines and the stars on the calendar at a younger age. We picked the right talent.'
Mallya added, 'I did it because it was a fantastic marketing tool. Did not bring anything to me personally. But it did wonders to the brand,' he said. Addressing speculation about his personal ties to the actresses, Mallya clarified, 'It was strictly to the calendar.'
STORY CONTINUES BELOW THIS AD
Mallya, who is accused of defaulting loans worth over Rs 9,000 crore and is currently fighting New Delhi's request for extradition in the United Kingdom, issued a rare apology for the failure of Kingfisher Airlines, denied accusations of theft and offered his take on why he left India nearly a decade back and has been on the run ever since during a four-hour conversation with popular YouTuber Raj Shamani.
'I was very impressed with the pitch that Lalit Modi made to the BCCI committee about this league. He called me one day and said ok, teams are going to be auctioned. Are you going to buy it? So, I bid from three franchises, and I lost Mumbai by a very small amount of money,' Mallya said on the latest episode of Figuring Out With Raj Shamani that was posted to the Google-owned video-sharing platform on Thursday.
Mallya, who was a regular at RCB's matches along with his son Siddharth before leaving India, added that he wanted the franchise – which enjoys a huge fan following and a brand value that rivals that of five-time champions Chennai Super Kings and Mumbai Indians –to be 'more than a cricket team'.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Bad news for Kohli as RCB may be banned from IPL 2026 due to...
Bad news for Kohli as RCB may be banned from IPL 2026 due to...

India.com

time33 minutes ago

  • India.com

Bad news for Kohli as RCB may be banned from IPL 2026 due to...

In this collection of pictures we shall know the reason why Royal Challengers Bengaluru could be banned from IPL 2025. Let's dive in. After winning the IPL 2025 title, preparations were made for a victory parade and grand celebration for Royal Challengers Bengaluru outside the M Chinnaswamy Stadium. Meanwhile, a stampede broke out outside the stadium. In which 11 people lost their lives. After this, an FIR has been registered against RCB. Two officials of the Karnataka Cricket Association have also resigned. One arrest has also been made in this case. The RCB team is stuck in the middle of all this. After this case, the BCCI can take a big decision regarding RCB's participation in IPL 2026. An investigation is being conducted to find out who is responsible for such a big mistake in RCB's victory parade. In such a situation, there is a big question in front of BCCI that if RCB team's name comes up in this mistake, then what decision will it take next. Let us tell you that all the franchises in IPL work as commercial entities, but their participation is controlled by BCCI contracts and those contracts include many sections related to public safety. If the investigators directly link the RCB management to this serious negligence, then the BCCI may have to take major action against RCB to deliver justice and maintain the credibility of the league. On Tuesday, RCB defeated Punjab Kings and won their first title. After which the whole team and Bengaluru fans were very happy. The next day on Wednesday, the team reached Bengaluru, where they were going to celebrate the victory with their fans. But this festive atmosphere turned into mourning in no time. Due to the gathering of lakhs of people, there was a sudden stampede, in which 11 people lost their lives and many were injured.

Copper wire, tube imports hit multi-year highs in FY25; cathode shipments fell 34% year-on-year
Copper wire, tube imports hit multi-year highs in FY25; cathode shipments fell 34% year-on-year

Indian Express

time37 minutes ago

  • Indian Express

Copper wire, tube imports hit multi-year highs in FY25; cathode shipments fell 34% year-on-year

India's copper cathode imports declined 34 per cent year-on-year in 2024-25 (FY25), largely due to a three-month supply disruption triggered by a quality control order (QCO), even as imports of downstream products such as wire, tubes, and sheets surged to multi-year highs. While copper cathode imports dropped sharply, imports of key downstream copper products climbed in FY25 — wire rose 17 per cent y-o-y, tubes and pipes 30 per cent, and plates, sheets, and strips 49 per cent. In India, copper is classified as a critical mineral given limited domestic production and high demand in conventional and emerging technologies—from air conditioners and transformers to electric vehicle (EV) batteries and wind turbines. It is also seen as a bellwether of economic activity owing to its extensive application across sectors. From an average of 27,000 tonnes each month between April and November 2024, copper cathode imports fell to around 2,000 tonnes per month between December and February, after the QCO went into effect from December 1. Then, in March 2025, imports recovered slightly to 16,000 tonnes, official trade data showed. India relies on imports for about 30 per cent of its copper cathode demand, a key raw material for wire, tubes, and sheets. The Adani Group's new Gujarat smelter, scheduled to reach peak capacity this financial year, is expected to make the country self-sufficient for the near-term. Cathode imports recover as three-month QCO disruption eases In FY25, India imported 2.39 lakh tonnes (Rs 19,134 crore) of copper cathode, 34 per cent less than 3.63 lakh tonnes (Rs 24,552 crore) in the previous financial year. Amid sharp drop in imports between December to February, two metals trade associations filed a petition against the Union Mines Ministry, which issued the QCO, alleging that the quality norms have caused 'acute shortages' in supply. The petition added that domestic producers could 'charge exorbitant and irrational rates' as imports decline. The case will be heard by the Bombay High Court on June 27. However, a rebound in copper cathode imports in March to around 16,200 tonnes indicates that supply constraints are easing. Official sources told The Indian Express that no shortage was recorded on account of the QCO, and that the Mines Ministry has filed its response to the petition in court. The steep drop in imports stemmed from compliance issues among exporters, especially Japanese suppliers who dominate India's copper cathode imports. The QCO mandates that both domestic producers and foreign suppliers obtain the Bureau of Indian Standards (BIS) certification to sell copper cathode in India. Most Japanese producers received certification only after the QCO took effect, and some continued to face minor challenges in ensuring compliance post-certification. 'Roughly 50 per cent of copper cathode demand is in the winding wires segment, which has faced no issue in availability post-December. There has been no impact on downstream sectors,' sources said. Delays in BIS certification were caused by Japanese smelters taking over six months to apply, despite ample time and extensions, they added. Copper wire, tube, sheet imports surge in FY25 Downstream copper imports climbed to multi-year highs in FY25, defying the slump in cathode shipments. Copper wire imports—primarily from the UAE—rose 17 per cent from 1.31 lakh tonnes in FY24 to 1.54 lakh tonnes in FY25, with their value jumping 29 per cent to Rs 12,653 crore. Widely used in electrical wiring, motors, and transformers for its high conductivity and durability, copper wire imports in FY25 hit a five-year high, though still below the over 2 lakh tonnes imported in FY19 and FY20. Similarly, copper tubes and pipes imports—primarily from Vietnam—jumped 30 per cent to 1.14 lakh tonnes, the highest since FY18, valued at Rs 10,157 crore. Copper tubes and pipes are used in air conditioning, refrigeration, and heat exchangers. Copper plates, sheets and strips imports—used in electrical busbars and transformers—surged 49 per cent to around 30,000 tonnes, valued at Rs 2,725 crore. Imports of copper products rose despite the Department for Promotion of Industry and Internal Trade (DPIIT) enforcing a QCO on these items from October 19, 2024, initially for large and medium enterprises. Growth persisted due to potential stocking-up before enforcement, longer timelines for small (January 2025) and micro (April 2025) units, exemptions for certain tubes and export-use products, and timely grant of BIS certification to some foreign manufacturers. Domestic cathode output rises, new smelters coming online Domestic copper cathode production rose 12.6 per cent to 5.73 lakh tonnes in FY25, driven primarily by Hindalco Industries Ltd, which holds a 70 per cent market share and has a capacity of 5 lakh tonnes. Production last year surpassed the previous peak of 5.55 lakh tonnes recorded in FY23. Vedanta's Sterlite Copper, with a smaller capacity of 2.16 lakh tonnes, contributed 26 per cent of cathode in FY25. Notably, India remained self-sufficient in copper cathode until 2018, when Vedanta's Tuticorin plant was shut down over environmental violations. Adani's Kutch Copper Ltd produced 22,000 tonnes (4 per cent share) in its first year, with a smelter capacity matching Hindalco's at 5 lakh tonnes. Production is expected to ramp up to full capacity by October, with sources stating, 'Once the Adani plant is fully operational, India's entire cathode demand will be met internally.' Additionally, the JSW Group plans to establish a 5 lakh-tonne copper smelter in Odisha by 2028-29. With India's per capita copper consumption still at 0.6 kg—well below the global average of 3 kg—demand is set to surge. To meet this, India's smelting capacity must expand as global supplies tighten. Product Quantity (in lakh tonnes) Growth (in %) 2024-25 value (in Rs crore) 2023-24 2024-25 Copper cathode 3.63 2.39 -34 19,134 Copper wire 1.31 1.54 17 12,653 Copper tubes and pipes 0.88 1.14 30 10,157 Source: Department of Commerce Trade Data Aggam Walia is a Correspondent at The Indian Express, reporting on power, renewables, and mining. His work unpacks intricate ties between corporations, government, and policy, often relying on documents sourced via the RTI Act. Off the beat, he enjoys running through Delhi's parks and forests, walking to places, and cooking pasta. ... Read More

Midwest set to lead India's rare earth magnet charge from December
Midwest set to lead India's rare earth magnet charge from December

Business Standard

time40 minutes ago

  • Business Standard

Midwest set to lead India's rare earth magnet charge from December

Hyderabad-based MAM to start 500-tonne annual rare earth magnet output by December and invest ₹1,000 crore in three years to scale capacity and secure raw material premium Shine Jacob Chennai Listen to This Article India's solution to the ongoing crisis on rare earth magnets may well be on track, as Hyderabad-based Midwest Advanced Materials (MAM) is all set to produce the country's first rare earth magnets by December from its 500-tonne-per-annum facility in Hyderabad, a top company executive told Business Standard on Sunday. The Kollareddy-family-owned company is also mulling investments to the tune of ₹1,000 crore over a period of three years to expand its capacity to around 5,000 tonnes per annum, in addition to backward integration. Midwest Ltd (a sister concern of MAM) has secured mines containing monazite (feedstock for rare earths) strategically

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store