Press Trust of India | Sunday February 7, 2016
The National Stock Exchange (NSE) will introduce seven companies, including United Spirits and PC Jeweller, in the futures and options (F&O) segment from February 26.
Press Trust of India | Thursday January 28, 2016
United Spirits has received a notice from the Corporate Affairs Ministry for inspection of its books in the wake of alleged violations of the companies law.
Press Trust of India | Wednesday January 27, 2016
Liquor major United Spirits Ltd on Wednesday reported a decline of 45.20 per cent in standalone net profit at Rs 40.95 crore for the fiscal third quarter that ended on December 31, 2015.
Press Trust of India | Monday January 11, 2016
Crisis ridden United Spirits Ltd (USL) today said it has received shareholders' nod to issue a guarantee to a bank for loan of up to Rs 100 crore to be availed by its subsidiary Pioneer Distillers.
Press Trust of India | Thursday December 31, 2015
This led to a two per cent correction in the stock in yesterday's trade, which it recovered today.
NDTV Profit Team | Wednesday December 30, 2015
United Spirits - India's biggest liquor company - has sought approval from its shareholders to declare itself "sick", as its accumulated losses, as of March 31, touched 86 per cent of peak net worth during the past four financial years.
Press Trust of India | Wednesday December 30, 2015
Diageo-owned United Spirits is seeking approval from its shareholders to report sick to the Board for Industrial and Financial Reconstruction (BIFR) as its accumulated losses, as of March 31, touched 86 per cent of peak net worth during the past four fiscal years.
NDTV Profit Team | Tuesday December 29, 2015
Shares of liquor companies such as United Spirits, United Breweries, Tilaknagar Industries, Jagatjit Industries, Empee Distilleries and Pincon Spirit fell 0.5-2.5 per cent, after the Supreme Court upheld Kerala's policy to go "dry" in 10 years.
AgenceFrance-Presse | Sunday December 27, 2015
Diego Costa's one-match ban will hit Chelsea hard ahead of their clash against Manchester United and Guus Hiddink's team will not be in good spirits after a 2-2 draw against Watford kept them in 15th position.
Press Trust of India | Wednesday December 9, 2015
Diageo-controlled United Spirits Ltd (USL) is seeking nod from its shareholders through a special resolution to provide corporate guarantee to a Rs 100-crore loan that its subsidiary Pioneer Distillers is availing from Standard Chartered Bank.
NDTV | Thursday November 26, 2015
Liquor stocks such as United Spirits and Radico Khaitan witnessed selloff after Bihar Chief Minister Nitish Kumar announced that alcohol will be banned in the state from April 1 next year.
IANS | Wednesday November 25, 2015
Mallya's observations came in light of British liquor major Diageo, which bought majority stake (54.7 percent) in USL in 2012 and took control, asking him in April to step down from the board as chairman and director, as it had lost confidence in him.
Press Trust of India | Tuesday November 24, 2015
United Spirits chairman Vijay Mallya on Tuesday said he will not retire from the company's board anytime soon, but would start thinking about it once he turns 60.
Press Trust of India | Tuesday November 10, 2015
Mohun Bagan have accused sponsors United Spirits Limited of not paying Rs 4.5 crore over a period of 12 months.
Tuesday November 3, 2015
United Spirits shares gained over 5 per cent on Tuesday after India's largest spirits company swung to profit in the September quarter. Diageo-controlled United Spirits reported a Q2 profit of Rs 929 crore as against from a loss of Rs 26 crore in the year-ago period.
Thomson Reuters | Monday November 2, 2015
India's largest spirits company United Spirits Ltd, the local arm of Britain's Diageo Plc, swung to profit in its fiscal second quarter helped by a one-off gain from a share sale, which also helped it reduce its debt.
Thomson Reuters | Thursday October 29, 2015
United Spirits Ltd will scale back its roster of more than 150 brands and focus on the faster-growing top end, hoping to bolster its fortunes in a market dominated by cheaper, local names.
Press Trust of India | Monday September 28, 2015
According to sources, Mr Mallya said a candidate for the post of CFO at UBHL has been identified and the appointment will be made shortly, while he was still considering several candidates for the Managing Director's post.
NDTV | Wednesday September 16, 2015
An auditor's inquiry into United Spirits' financial accounts, conducted after Diageo took control, showed that between 2010 and 2013, funds were allegedly diverted illegally from the company to some of Mallya's group firms, including Kingfisher.
Press Trust of India | Tuesday September 15, 2015
Once a flagship firm of Mallya group, United Spirits Ltd (USL) is now controlled by British liquor giant Diageo.
Press Trust of India | Sunday September 13, 2015
Diageo had purchased the shares amounting to 6.98 per cent stake in USL from UBHL as part the $3 billion deal in 2012 through which it had gained majority control in the Indian spirits maker.
Press Trust of India | Sunday September 6, 2015
The world's largest spirits maker, Diageo, which acquired control of United Spirits (USL) in 2012, had issued a guarantee to Standard Chartered Bank for a $135 million (around Rs 900 crore) loan to Watson to release certain USL shares that were to be acquired as part of the deal.
Press Trust of India | Sunday August 23, 2015
More than 100 listed companies, including United Spirits Ltd and long-grounded Kingfisher Airlines, have been slapped penalties for violating listing agreement provisions set forth by capital market regulator Securities and Exchange Board of India (Sebi) and bourses.
NDTV | Friday July 24, 2015
In a release to exchanges, United Spirits said commencement of direct sales of Diageo brands in June 2015 added Rs 42 crore to the net revenues of the company.
Press Trust of India | Thursday July 23, 2015
Diageo-controlled United Spirits on Thursday reported a standalone net profit of Rs 19.92 crore for the quarter ended June 2015, on the back of higher sales.
Press Trust of India | Friday July 24, 2015
United Spirits, controlled by the UK's Diageo group, on Thursday alleged irregularities and potential violations of law in diversion of funds by the firm's erstwhile promoter Vijay Mallaya-led UB Group and said it was initiating the process to recover dues totaling Rs 1,337 crore.
Thomson Reuters | Thursday July 16, 2015
Some of India's biggest corporate names are investors in teams competing in what is the world's most lucrative cricket league -- including Reliance Industries Ltd, builder GMR Infrastructure Ltd, and United Spirits Ltd, owned by British beverages group Diageo Plc.
Thomson Reuters | Monday July 13, 2015
The country's enforcement directorate, responsible for fighting financial crime, has alleged Mr Mallya entered into an unauthorised agreement in 1995 to advertise the Kingfisher beer brand name on racing cars during Formula One championships between 1996 and 1998.
Press Trust of India | Thursday July 9, 2015
Dutch beer major Heineken on Wednesday ruled out changes in the ownership structure of United Breweries Ltd and its partnership with Vijay Mallya, despite its stake in the Indian firm going up to 42.1 per cent.
NDTV | Wednesday July 8, 2015
Heineken has increased its stake in Vijay Mallya-led United Breweries after the Dutch beer giant brought additional stake from United Spirits.