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

'United Spirits' - 319 News Result(s)

  • United Spirits, Kingfisher Airlines Face Axe for Listing Violations: Report

    United Spirits, Kingfisher Airlines Face Axe for Listing Violations: Report

    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.

  • United Spirits Swings to Profit, Shares Surge 7%

    United Spirits Swings to Profit, Shares Surge 7%

    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.

  • United Spirits Posts Rs 20 Cr Profit in Q1

    United Spirits Posts Rs 20 Cr Profit in Q1

    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.

  • United Spirits to Initiate Process to Recover Rs 1,337 Cr

    United Spirits to Initiate Process to Recover Rs 1,337 Cr

    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.

  • JSW Shelves Cricket Plans Due to 'Negative Aura' of IPL

    JSW Shelves Cricket Plans Due to 'Negative Aura' of IPL

    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.

  • Vijay Mallya Suffers Legal Setback in F1 Car Ad Case

    Vijay Mallya Suffers Legal Setback in F1 Car Ad Case

    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.

  • No Change in UB Ownership, Happy With Mallya Ties: Heineken

    No Change in UB Ownership, Happy With Mallya Ties: Heineken

    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.

  • Heineken Ups Stake in Vijay Mallya-Led United Breweries

    Heineken Ups Stake in Vijay Mallya-Led United Breweries

    Heineken has increased its stake in Vijay Mallya-led United Breweries after the Dutch beer giant brought additional stake from United Spirits.

  • USL Exits United Breweries With Rs 872-Cr Stake Sale

    USL Exits United Breweries With Rs 872-Cr Stake Sale

    Diageo-controlled United Spirits Ltd (USL) has exited from Vijay Mallya-led United Breweries Ltd by selling its entire 3.21 per cent stake in the company for Rs 872 crore.

  • Vijay Mallya May be Forced To Sell Royal Challengers Bangalore

    Vijay Mallya May be Forced To Sell Royal Challengers Bangalore

    Royal Challengers Bangalore have not won an IPL title but are two-time finalists. The Bangalore franchise is a wholly owned subsidiary of United Spirits LTD, which is majority owned by Diageo.

  • Nifty Correction Done, United Spirits, Mindtree Attractive Bets: Sanjiv Bhasin

    Nifty Correction Done, United Spirits, Mindtree Attractive Bets: Sanjiv Bhasin

    The weariness in domestic equities seems to be overdone and the markets are likely to bottom out this week as the Nifty heads to the crucial support of 8,000

  • United Spirits Shares Fall as Company Gets Tax Notices

    United Spirits Shares Fall as Company Gets Tax Notices

    The notices sent to United Spirits are with respect to inspection of its account books after a probe ordered by its new management over alleged irregularities in loans given by United Spirits to various companies of Vijay Mallya-led UB Group.

  • United Spirits Gets Tax Notices to Inspect Books

    United Spirits Gets Tax Notices to Inspect Books

    USL said its Board has asked MD and CEO Anand Kripalu to further probe "possible existence of any other transaction of a similar nature" with certain "additional parties", in which the probe had raised concerns.

  • United Spirits March Quarter Loss at Rs 1,799 Crore

    United Spirits March Quarter Loss at Rs 1,799 Crore

    USL had registered a net loss of Rs 5,380.10 crore in the same period of the previous fiscal.

  • 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 including its confidentiality.

  • 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 the demand citing 'confidentiality'.

  • 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 promoters, Vijay Mallya-led UB Group.

  • 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 group companies between 2010 and 2013.

  • 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 Holdings Ltd.

  • 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.

Advertisement
Advertisement