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...
Friday August 22, 2014
The National Stock Exchange has excluded United Spirits from its equity derivatives segment. Analysts say the exclusion is linked to United Spirits inability to submit results for 2013-14 and the quarter ended June 30.
Friday August 22, 2014
The Nifty opened higher on Friday tracking higher global markets. Nifty futures traded on Singapore Stock Exchange also indicate towards an opening above 7,900. Foreign investors continue to be net buyers of Indian equities for the seventh straight s...
Thursday August 21, 2014
The National Stock Exchange's India Index Services (IISL) on Wednesday said Zee Entertainment will replace United Spirits in the 50-share Nifty from September 19.
Thursday August 21, 2014
The Nifty opened flat on Thursday as indicated by futures trade on Singapore Stock Exchange. Foreign investors continue to remain net buyers of Indian equities as they bought cash shares worth Rs 251 crore on Thursday. However domestic investors sold...
Wednesday August 20, 2014
India Index Services & Products Ltd, an NSE-Crisil joint venture that maintains Nifty index, today said in a statement that United Spirits Ltd (USL) will be excluded from the 50-share bluechip index, while Zee Entertainment Enterprises will be induct...
Monday August 18, 2014
The Nifty is likely to consolidate around 7,800 with Asian markets trading flat. Strength in the rupee should improve sentiment as foreign flows remain the main driver. Extended weakness in oil should see more flows headed towards emerging markets wi...
Thursday July 31, 2014
Diageo Plc, the world's largest spirits maker, on Wednesday announced a top-level rejig as United Spirits chief executive Anand Kripalu has been elevated to its executive committee.
Monday July 21, 2014
Vijay Mallya-led Kingfisher Airlines on Monday withdrew its appeal in the Supreme Court seeking to restrain the SBI-led consortium of 17 banks from taking over possession of the 'Kingfisher House' in Mumbai.
Monday July 14, 2014
Liquor firm United Spirits Ltd (USL) has inked a pact to buy JP Impex Incorp's Karnataka-based assets - including plant and machinery - for Rs 11.5 crore, enhancing its liquor manufacturing capacity in the state.
Saturday July 5, 2014
The special resolution in connection with the sale of Whyte & Mackay has been approved by the United Spirits shareholders with requisite majority, United Spirits Ltd (USL) said in a filing to the BSE.
Wednesday July 2, 2014
UK-based Diageo paid Rs 3,030 for a share of United Spirits Ltd (USL), more than double of Rs 1,440 it offered in the previous bid last year.
Monday June 30, 2014
UK-based Diageo Plc had announced an open offer to buy 26 per cent stake in United Spirits in April. The open offer price was at a 15 per cent premium to USL shares, leading to sharp gains in the stock. The open offer, which ended earlier this month,...
Thursday June 19, 2014
The price difference in cash market and June futures of USL is likely to converge by June 26, which is the expiry day for June series. So either the stock price in cash market will fall or the futures prices will rise to converge with each other.
Friday June 13, 2014
India Global Competitive Fund, part of Kolkata-based Srei group, on Friday offloaded nearly 22 lakh shares in United Spirits for a little over Rs 597 crore.
Friday June 6, 2014
Nifty is likely to open in green on Friday as indicated by the future trade of Nifty on Singapore stock exchange. Mood is likely to be positive as Foreign Institutional Investors bought Indian equities worth Rs 1,368 crore on Thursday. Sensex closed ...
Tuesday June 3, 2014
The open offer Diageo made in April last year met a lukewarm response from shareholders of USL, India's top spirits maker with brands including Signature, Bagpiper, Antiquity and Royal Challenge, and it picked up a 25.02 per cent stake for Rs 5,235.8...