Thursday January 29, 2015
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 ...
Saturday January 24, 2015
The company had posted a net profit of Rs 64.82 crore for the same period of previous fiscal.
Monday January 12, 2015
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.
Saturday January 10, 2015
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.
Friday January 9, 2015
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.
Friday December 12, 2014
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.
Wednesday December 3, 2014
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.
Monday December 1, 2014
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).
Monday December 1, 2014
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...
Sunday November 30, 2014
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.
Friday November 14, 2014
United Spirits Ltd on Friday reported a standalone net loss of Rs 27.83 crore for the quarter ended September 2014.
Tuesday November 4, 2014
In a regulatory filing to the NSE, the company whose brands include Signature, Bagpiper, Antiquity and Royal Challenge, said the company would seek shareholders' nod during the extraordinary general meeting on November 28.
Friday October 24, 2014
The United Spirits board on Monday approved resolutions for agreements with Diageo and some of its global subsidiaries to manufacture and market some of the global brands of Diageo in India through USL.
Tuesday October 21, 2014
United Spirits board on Monday approved reporting of erosion of more than half of its peak net worth to the Board of Industrial and Financial Reconstruction (BIFR).
Thursday October 2, 2014
As part of the periodic review, BSE would transfer scrips of these companies from 'Group A' to 'Group B' companies with effect from October 7 this year, the exchange said in a circular.
Thursday October 2, 2014
The London-listed beverage maker in a statement on Wednesday said Vijay Mallya, who controls United Breweries, will continue to serve as non-executive director and chairman of USL for as long as United Breweries owns at least 1.3 million USL shares.
Tuesday September 23, 2014
Stock was down 19.7 per cent as of Monday from a record high of Rs 2,940.80 hit on April 15.
South | Press Trust of India | Saturday September 20, 2014
A city consumer forum has ordered United Spirits Ltd (USL) to pay Rs 55,000 as compensation to a man who found a dead insect in a bottle of brandy he bought two years ago.
Friday September 19, 2014
The continuation of Vijay Mallya, who has been declared a 'wilful defaulter', on United Spirits Ltd's board would constrain the company from raising debt in the country, Institutional Investor Advisory Services (IiAS), a proxy advisory firm, has said...
Thursday September 18, 2014
BSE said in a circular that the price of United Spirits, now controlled by London-based Diageo, cannot change by more than 20 per cent in a day.
Saturday September 6, 2014
Reserve Bank of India (RBI) Governor Raghuram Rajan has said the wilful defaulter tag is a powerful weapon in the hands of lenders for resolving bad loans.
Friday September 5, 2014
The board of United Spirits Ltd, now controlled by Diageo, has ordered a probe into the loans given by United Spirits to UB Group companies as it posted net loss of a whopping Rs 4,488.77 crore for the financial year ended March 31, 2014.
Thursday September 4, 2014
USL's net profit was hit on the back of provisions for bad debt worth Rs 1,027 crore and exceptional items worth Rs 4,321 crore.
Wednesday September 3, 2014
The Nifty opened flat on Wednesday as indicated by futures trade on Singapore Stock Exchange. Foreign investors continued to be net buyers of Indian equities with increased momentum as they bought shares worth Rs 673 crore on Tuesday. However domesti...