Indian parliament accepts Mallya's resignation
New Delhi
INDIA'S parliament on Wednesday accepted Vijay Mallya's resignation of his seat, after the embattled liquor tycoon resubmitted his letter in line with the correct procedures.
Mr Mallya had resigned from his seat in parliament's upper house - or the Rajya Sabha - on Monday but his resignation was rejected after chairman Hamid Ansari raised doubts over the veracity of his letter sent from Britain. Mr Ansari's aide, Gurdeep Singh Sappal, had posted on Twitter: "His resignation letter does not conform to prescribed procedures and does not bear signature in original."
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
South Korea’s March factory output falls most in 15 months
Deflation reaches UK stores as non-food prices fall 0.6%
Japan’s March factory output rises 3.8% vs month earlier
Hong Kong vies with US in Bitcoin ETF market after crypto’s revival
More UK companies plan price rises but wage expectations cool: Lloyds
Campaigning EU chief von der Leyen defends record during debate