Press Trust of India | Tuesday July 26, 2016
Diageo-owned United Spirits on Tuesday reported an over three-fold jump in its standalone net profit at Rs 43.80 crore for the quarter ended June 30, 2016.
Press Trust of India | Friday July 15, 2016
United Spirits Ltd (USL) on Thursday defended the appointment of Price Waterhouse and Company as auditors of the liquor giant, even as opposition came from proxy advisory firm Stakeholders' Empowerment Services, which egged on the shareholders to vote against such a resolution.
Press Trust of India | Sunday July 10, 2016
In mounting troubles for embattled businessman Vijay Mallya, the Securities and Exchange Board of India (Sebi) has stepped up its probe into alleged fund diversion from his erstwhile listed group firms to other entities, including some abroad and his various sport ventures.
Thomson Reuters | Sunday July 10, 2016
United Spirits Ltd (USL) said an additional inquiry into its past financial statements has uncovered actual and potential fund diversions linked to its former chairman Vijay Mallya.
India News | Press Trust of India | Sunday July 10, 2016
A day after United Spirits disclosed Rs 1,225 crore fund diversion by the erstwhile promoters to entities linked to Vijay Mallya, the embattled businessman today said all transactions were "legal and above board" and the company was now making "unfounded allegations".
Press Trust of India | Saturday July 9, 2016
In fresh troubles for Vijay Mallya, his erstwhile group firm United Spirits on Saturday disclosed Rs 1,225.3 crore worth fund diversion and improper transactions with entities associated with the beleaguered businessman including Kingfisher Air and his Formula One team.
Press Trust of India | Thursday June 23, 2016
In a communication to BSE, Kingfisher Finvest India said it had pledged certain shares in USL to HDFC to secure loan given to United Breweries (Holdings).
Press Trust of India | Sunday May 29, 2016
Diageo-controlled liquor firm United Spirits Ltd (USL) is looking to reduce its debt by up to Rs 2,000 crore in the next two years through various measures that include sale of shares and properties earlier owned by embattled businessman Vijay Mallya.
Press Trust of India | Friday May 27, 2016
The company has been in regulatory cross-hairs in recent past over alleged irregularities including about financial dealings with Mr Mallya, long-grounded Kingfisher Airlines and some other UB firms.
Press Trust of India | Thursday May 26, 2016
Liquor major United Spirits on Thursday posted narrowing of standalone net loss at Rs 8.99 crore for the fourth quarter ended March 2016, on account of exceptional items.
Press Trust of India | Friday May 20, 2016
Rao, former Chief Secretary of Karnataka, was appointed as an Additional Director of the company on July 4, 2013.
Press Trust of India | Friday May 13, 2016
Lenders to the grounded Kingfisher Airlines on Friday started the process to take physical possession of Kingfisher Villa, which was pledged by beleaguered businessman Vijay Mallya to the bankers as collateral for over Rs 7,800-crore loan.
Wednesday May 11, 2016
A twist on the classic martini with an addition of cappuccino foam and cinnamon powder.
Wednesday May 11, 2016
A beautiful combination of coffee, cola and vodka espresso makes a perfect summer drink.
NDTV Profit Team | Tuesday May 10, 2016
Sanjiv Bhasin, executive vice president - markets & corporate affairs with IIFL, expects stock markets to consolidate after recent selling.
Press Trust of India | Sunday April 17, 2016
Beleaguered liquor baron Vijay Mallya received a pay package of over Rs 1.7 crore last year from his US-based brewery firm that itself is struggling for funds and has been served default notices by lenders.
Press Trust of India | Wednesday April 13, 2016
A consortium of banks led by State Bank of India (SBI) on Wednesday filed counter objections against Vijay Mallya-controlled UBHL's claim of Rs 594 crore from them for compensating the losses incurred by it due to the sale of United Spirits Ltd (USL) equity shares by lenders at a "cheaper rate".
NDTV Profit Team | Tuesday April 12, 2016
Sensex and Nifty staged a sharp rally in trades on Monday on expectations of good monsoon. The Sensex rallied nearly 350 points to move above its crucial psychological level of 25,000 and Nifty settled above 7,650.
Press Trust of India | Monday April 11, 2016
Vijay Mallya bought Caribbean Premier League (CPL) team in February days before stepping down as chairman of United Spirits and subsequently also lost control over Indian Premier League (IPL) franchise Royal Challengers Bangalore
NDTV Profit Team | Friday April 1, 2016
Liquor baron Vijay Mallya's son Sidhartha has quit as a director from the board of United Breweries (Holdings) Ltd, a firm that holds investments in companies such as United Spirits and United Breweries.
Press Trust of India | Monday March 21, 2016
Based on that day's closing price of Rs 2,526.10 apiece, the USL shares are worth around Rs 234.92 crore.
Press Trust of India | Sunday March 20, 2016
Finding prima facie evidence of non-compliance to various norms including those on insider trading and corporate governance, the Securities and Exchange Board of India (Sebi) has widened its probe into dealings of Vijay Mallya-led UB Group.
Thomson Reuters | Thursday March 17, 2016
Heineken acquired a 37.5 per cent stake in United Breweries in 2008 through its takeover of Scottish & Newcastle and has since increased its holding to 42.4 per cent.
India News | Edited by Deepshikha Ghosh | Thursday March 17, 2016
One of Vijay Mallya's flagship properties in Mumbai, Kingfisher House, is being auctioned online today.
NDTV Profit Team | Thursday March 17, 2016
Nifty is in a phase of consolidation and is likely to trade in a range between 7,400 and 7,550, says Kunal Bothra, senior technical analyst with LKP Securities.
India News | Edited by Deepshikha Ghosh | Tuesday March 15, 2016
After Vijay Mallya denied giving The Sunday Guardian an interview or ever saying that "time was not right for his return to India", the newspaper has published what it claims is its mail trail with the liquor baron.
India News | Sreenivasan Jain with inputs from Aishwarya Iyer and Manas Singh | Thursday March 10, 2016
Going by their public statements, the only substantial Vijay Mallya assets that banks appear to have in their possession are Kingfisher's corporate headquarters in Mumbai and an assortment of luxury toys like yachts and private jets.
Wednesday March 9, 2016
A group of 17 banks had petitioned the Supreme Court to stop Mr Mallya from leaving India because of the massive debt that his grounded Kingfisher Airlines owes them.
Wednesday March 9, 2016
Vijay Mallya-promoted Kingfisher Airlines, which stopped flying more than three years ago, had $1.4 billion or Rs 9,400 crore in debts as of September 2013, according to corporate filings from the time.
Thomson Reuters | Monday March 7, 2016
An Indian tribunal has temporarily halted a $75 million settlement due to be paid by spirits giant Diageo Plc to liquor baron Vijay Mallya, after he resigned as chairman of Diageo unit United Spirits.