You are here:News Home» Topic» United Spirits»
submit to reddit

'United Spirits' - 305 News Result(s)

  • United Spirits Snubs BSE Too on Mallya Probe Report

    United Spirits Snubs BSE Too on Mallya Probe Report

    In a reply identical to the one sent to the NSE yesterday, Diageo-owned United Spirits Ltd (USL) has now told the BSE that it is "not in a position to make the internal report available to the BSE for onwards public dissemination" for various reasons...

  • NSE Asks United Spirits to Make Mallya Probe Report Public

    NSE Asks United Spirits to Make Mallya Probe Report Public

    In a fresh twist to the boardroom battle at Diageo-owned United Spirits, National Stock Exchange or NSE has asked the company to make public its inquiry report on alleged fund diversion to Vijay Mallya's UB Group, but the liquor maker has rejected th...

  • United Spirits May Have to Restate Accounts: Report

    United Spirits May Have to Restate Accounts: Report

    Facing a multi-agency scrutiny, Diageo-owned United Spirits Ltd (USL) may have to restate its financial accounts, even as some investor groups have begun to question the UK-based parent's long silence on allegations against the erstwhile main promote...

  • Mallya-USL Row: Accounting Regulator Seeks Details from Sebi on Auditors' Role

    Mallya-USL Row: Accounting Regulator Seeks Details from Sebi on Auditors' Role

    Concerned over the ongoing boardroom battle and the alleged lapses in the past, the minority shareholders of USL have also approached Sebi.

  • Mallya Must Quit USL, But Diageo, PwC Cannot Escape Scrutiny, Says IiAS

    Mallya Must Quit USL, But Diageo, PwC Cannot Escape Scrutiny, Says IiAS

    Proxy advisory firm IiAS says tough questions need to be asked of Diageo and United Spirits auditors about the ongoing controversy involving Vijay Mallya, who was last week asked to resign as USL chairman for allegedly diverting funds to other UB gro...

  • Open Offers by Listed Firms Fall 62% in FY15

    Open Offers by Listed Firms Fall 62% in FY15

    As per the latest data compiled by the market regulator Sebi, a total of 60 open offers for shares worth Rs 17,241 crore were made by the companies in 2014-15 -- the second lowest level since 2008-09.

  • Support to Vijay Mallya Subject to 'Absence of Defaults': Diageo

    Support to Vijay Mallya Subject to 'Absence of Defaults': Diageo

    With United Spirits asking its chairman Vijay Mallya to quit, the majority owner Diageo on Monday said its "contractual obligations" to support his presence would not apply in the event of "defaults" by the Indian businessman and his group firm UB Ho...

  • United Spirits Falls as Diageo Asks Vijay Mallya to Quit Board

    United Spirits Falls as Diageo Asks Vijay Mallya to Quit Board

    Vijay Mallya struck a defiant note saying he 'intends' to continue as its Chairman and refuted the charges made by the company's board with regard to its prior-period accounts.

  • Vijay Mallya Says Only Shareholders Can 'Oust' Him from USL Board

    Vijay Mallya Says Only Shareholders Can 'Oust' Him from USL Board

    Alleging fund diversion to Kingfisher and other UB group entities, United Spirits' board yesterday asked Mr Mallya to quit the board. The company said it has "lost faith" in Mr Mallya and would go to shareholders if he refuses to resign.

  • Vijay Mallya Asked to Quit United Spirits Board

    Vijay Mallya Asked to Quit United Spirits Board

    Alleging fund diversion to Kingfisher and other United Breweries group entities, United Spirits' new owner Diageo has asked Vijay Mallya to step down as chairman and director of the Indian liquor firm, a demand he has rejected.

  • United Spirits' CFO and Executive Director P A Murali Resigns

    United Spirits' CFO and Executive Director P A Murali Resigns

    The firm, however, did not specify the reason behind Mr Murali's resignation.

  • United Spirits Shuts Manufacturing Unit in West Bengal

    United Spirits Shuts Manufacturing Unit in West Bengal

    Liquor major United Spirits Ltd (USL) has shut down its manufacturing unit at Hooghly, West Bengal citing space constraints and other operational issues.

  • ICC World Cup: Wonder What Pakistan Learnt from a Dry Contest Like UAE...

    ICC World Cup: Wonder What Pakistan Learnt from a Dry Contest Like UAE...

    After stuttering starts in World Cup 2015, Pakistan have finally managed to lift spirits somewhat after wins against Zimbabwe and UAE. Can these triumphs assure the team of a place in the quarters? Only time will reveal Pakistan's fate in the tournam...

  • Diageo Confident of Retaining Majority Stake in United Spirits

    Diageo Confident of Retaining Majority Stake in United Spirits

    Diageo Plc, which is up against legal hurdles in India regarding purchase of shares of United Spirits from United Breweries (Holdings) Ltd (UBHL), is confident that it would retain a majority shareholding in the firm even if the outcome of the cases ...

  • United Spirits Q3 Net Up 21% at Rs 79 Crore

    United Spirits Q3 Net Up 21% at Rs 79 Crore

    The company had posted a net profit of Rs 64.82 crore for the same period of previous fiscal.

  • USL Jumps 10% After Shareholders Approve Diageo Pact

    USL Jumps 10% After Shareholders Approve Diageo Pact

    In November 2014, the proposal had failed to get approval of minority shareholders at a postal ballot. Certain investors had demanded that USL disclose the estimated monetary benefits it would get from the pact with Diageo.

  • USL Gets Shareholders Nod for Diageo Licence Pact

    USL Gets Shareholders Nod for Diageo Licence Pact

    United Spirits Ltd (USL) on Saturday said its minority shareholders have approved a proposal to enter into licensing and cost sharing agreements with certain subsidiaries of its parent Diageo Plc, which was rejected earlier last year.

  • USL Shareholders to Vote on Diageo Licence Pact Today

    USL Shareholders to Vote on Diageo Licence Pact Today

    After the exclusive licence and distribution agreements with Diageo, the license to manufacture the above brands will be transferred to USL from Diageo India. USL expects significant increase in profitability post this pact with Diageo.

  • United Spirits Jumps 6%; Edelweiss Sets Target at Rs 5,336

    United Spirits Jumps 6%; Edelweiss Sets Target at Rs 5,336

    Edelweiss says USL is a play on revival in discretionary consumption. It expects return on capital employed (RoCE) of the company to triple to 27 per cent over FY15-FY18.

  • Buy United Spirits, Sell BPCL Today: Sanjeev Bhasin

    Buy United Spirits, Sell BPCL Today: Sanjeev Bhasin

    The Nifty should open in the green as Asian markets are showing strength. On Tuesday, the Reserve Bank left rates unchanged, but promised an early cut in 2015.

  • Vijay Mallya Loses Posts at Kingfisher Airlines, Mangalore Chemicals

    Vijay Mallya Loses Posts at Kingfisher Airlines, Mangalore Chemicals

    In a double whammy for businessman Vijay Mallya, the government has annulled his reappointment as managing director of Kingfisher Airlines while he also had to quit from board of another group company Mangalore Chemicals and Fertilizers Ltd (MCFL).

  • Titan, Maruti Suzuki, United Spirits in Focus Today

    Titan, Maruti Suzuki, United Spirits in Focus Today

    The Nifty is likely to open flat on Monday as indicated by futures trade on Singapore Stock Exchange. Foreign investors continued to be net buyers of Indian equities on Friday as they have bought shares worth Rs 936 crore in cash market. However dome...

  • United Spirits Minority Shareholders Reject 9 Proposals

    United Spirits Minority Shareholders Reject 9 Proposals

    Minority shareholders of United Spirits Ltd, India's largest liquor firm, have rejected as many as 9 of 12 resolutions, including some pertaining to pacts with entities connected to erstwhile promoter Vijay Mallya.

  • United Spirits Posts Loss of Rs 27.83 Crore in Q2

    United Spirits Posts Loss of Rs 27.83 Crore in Q2

    United Spirits Ltd on Friday reported a standalone net loss of Rs 27.83 crore for the quarter ended September 2014.

Advertisement
Advertisement