From Mallya’s offer to repay loans to launch of India’s heaviest satellite GSAT-11, here are today's headlines
Dec 5, 2018, 7:55 PM IST
Fugitive liquor baron and industrialist Vijay Mallya on Wednesday offered to pay back the full amount of the principal loan he owed various banks. In a series of tweets, Mallya said, "Airlines struggling financially partly because of high ATF prices. Kingfisher was a fab airline that faced the highest ever crude prices of $ 140/barrel. Losses mounted and that's where Banks money went. I have offered to repay 100 % of the principal amount to them. Please take it." All this and more on MyNation in 100 seconds.
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