In the world of business, the latest news on July 26, 2024, brings a significant development involving Vijay Mallya, the fugitive liquor baron. According to exchange data, Vijay Mallya owns an 8.1% stake in United Breweries, the maker of Kingfisher beer. However, this ownership comes with a fresh blow as SEBI has barred him from securities trading for three years.
Vijay Mallya is facing accusations in a bank loan default case worth ₹9,000 crore related to his now-defunct Kingfisher Airlines. This latest development adds to the legal troubles he is already facing.
In other news, Reliance Jio is offering new AirFiber connections at a 30% discount for a limited time. Customers can now avail of a new connection for ₹2,121 following the Freedom Offer. This move is aimed at attracting new customers and expanding the user base.
Additionally, iPhone prices have been slashed by up to ₹6,000, making models like the iPhone 13, 14, and 15 more affordable. The price cuts are expected to make these popular devices more accessible to a wider range of consumers.
These updates, along with other stories on the business front, highlight the dynamic and ever-changing landscape of the business world. Stay tuned for more updates on the latest happenings in the world of business.