Sebi To Probe Firms Named In 'Paradise Papers'
Business | Press Trust of India | Monday November 6, 2017
'Paradise Papers' investigation has explored 13.4 million leaked files from offshore law firms and company registries in some secretive countries.
United Breweries Asks Vijay Mallya To Step Down From Board
Business | Press Trust of India | Wednesday February 8, 2017
Last month, Sebi had banned Vijay Mallya and six former officials of United Spirits Ltd (USL) from securities markets in a case related to illegal fund diversions.
United Spirits Posts Three-Fold Jump In December Quarter Profit
Business | Press Trust of India | Friday January 27, 2017
Total income from operations grew 6.16 per cent year-on-year to Rs 7,082.22 crore during the quarter under review, as against Rs 6,670.72 crore a year ago, United Spirits said in a regulatory filing.
United Spirits Q2 Net Profit Up 15.8% To Rs 82.54 Crore
Business | Press Trust of India | Thursday October 27, 2016
United Spirits Ltd reported an increase of 15.86 per cent in its standalone net profit at Rs 82.54 crore for the second quarter ended September 30, 2016.
United Spirits Defends Appointment Of PwC As Auditors
Business | Press Trust of India | Friday July 15, 2016
United Spirits Ltd (USL) on Thursday defended the appointment of Price Waterhouse and Company as auditors of the liquor giant, even as opposition came from proxy advisory firm Stakeholders' Empowerment Services, which egged on the shareholders to vote against such a resolution.
Found Fund Diversions By Vijay Mallya Entities: United Spirits
Business | Thomson Reuters | Sunday July 10, 2016
United Spirits Ltd (USL) said an additional inquiry into its past financial statements has uncovered actual and potential fund diversions linked to its former chairman Vijay Mallya.
United Spirits Looks To Lower Debt By Up To Rs 2,000 Crore In 2 Years
Business | Press Trust of India | Sunday May 29, 2016
Diageo-controlled liquor firm United Spirits Ltd (USL) is looking to reduce its debt by up to Rs 2,000 crore in the next two years through various measures that include sale of shares and properties earlier owned by embattled businessman Vijay Mallya.
Banks File Counter Objections to Rs 594 Crore UBHL Claim: Report
Business | Press Trust of India | Wednesday April 13, 2016
A consortium of banks led by State Bank of India (SBI) on Wednesday filed counter objections against Vijay Mallya-controlled UBHL's claim of Rs 594 crore from them for compensating the losses incurred by it due to the sale of United Spirits Ltd (USL) equity shares by lenders at a "cheaper rate".
Court Orders Issue of Notice to Vijay Mallya in Loan Default Case
Business | Press Trust of India | Friday March 4, 2016
The Karnataka High Court on Saturday ordered issue of notice to liquor baron Vijay Mallya, his defunct Kingfisher Airlines and nine other respondents on a petition filed by bankers, including State bank of India, seeking his arrest and impounding of his passport for defaulting on loans.
Vijay Mallya's USL Exit: Kingfisher Airlines Lenders to Move Debt Recovery Tribunal
Business | Press Trust of India | Sunday February 28, 2016
A consortium of 17 lenders to the long grounded Kingfisher Airlines has decided to move the Debt Recovery Tribunal (DRT) against the airline's chairman Vijay Mallya to stake claim on the $75 million (Rs 515 crore) severance package he will be getting for quitting United Spirits Ltd (USL).
Vijay Mallya Says he is Still The Boss at Force India
Press Trust of India | Sunday February 28, 2016
Vijay Mallya, who recently stepped down as chairman of the United Spirits Ltd, said despite his decision he is still Team Principal and Managing Director of Force India.
United Spirits to Pursue Recovery of Rs 1,337 Crore UB Holdings Loan
Business | Thomson Reuters | Friday February 26, 2016
United Spirits Ltd (USL) said it will continue to pursue a claim for the recovery of Rs 1,337 crore ($195 million) of loans to former group company United Breweries Holdings Ltd (UBHL) even after its founder agreed to leave the company.
Mallya Issue: Should Hold Diageo Board Accountable, Says Proxy Advisory Firm
Business | Press Trust of India | Friday February 26, 2016
Proxy advisory firm IiAS today said the terms for Mallya's exit suggest that Diageo and United Spirits Ltd (USL) wanted a clean break from Mallya.
Vijay Mallya's Rs 515-Crore Deal to Exit USL Faces Sebi Scrutiny: Report
Business | Press Trust of India | Friday February 26, 2016
Vijay Mallya's Rs 515-crore golden parachute to exit United Spirits faces an extensive scrutiny by the Securities and Exchange Board of India (Sebi), which has begun looking
United Spirits Posts 45% Fall in Q3 Profit
Business | 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.
Sebi To Probe Firms Named In 'Paradise Papers'
Business | Press Trust of India | Monday November 6, 2017
'Paradise Papers' investigation has explored 13.4 million leaked files from offshore law firms and company registries in some secretive countries.
United Breweries Asks Vijay Mallya To Step Down From Board
Business | Press Trust of India | Wednesday February 8, 2017
Last month, Sebi had banned Vijay Mallya and six former officials of United Spirits Ltd (USL) from securities markets in a case related to illegal fund diversions.
United Spirits Posts Three-Fold Jump In December Quarter Profit
Business | Press Trust of India | Friday January 27, 2017
Total income from operations grew 6.16 per cent year-on-year to Rs 7,082.22 crore during the quarter under review, as against Rs 6,670.72 crore a year ago, United Spirits said in a regulatory filing.
United Spirits Q2 Net Profit Up 15.8% To Rs 82.54 Crore
Business | Press Trust of India | Thursday October 27, 2016
United Spirits Ltd reported an increase of 15.86 per cent in its standalone net profit at Rs 82.54 crore for the second quarter ended September 30, 2016.
United Spirits Defends Appointment Of PwC As Auditors
Business | Press Trust of India | Friday July 15, 2016
United Spirits Ltd (USL) on Thursday defended the appointment of Price Waterhouse and Company as auditors of the liquor giant, even as opposition came from proxy advisory firm Stakeholders' Empowerment Services, which egged on the shareholders to vote against such a resolution.
Found Fund Diversions By Vijay Mallya Entities: United Spirits
Business | Thomson Reuters | Sunday July 10, 2016
United Spirits Ltd (USL) said an additional inquiry into its past financial statements has uncovered actual and potential fund diversions linked to its former chairman Vijay Mallya.
United Spirits Looks To Lower Debt By Up To Rs 2,000 Crore In 2 Years
Business | Press Trust of India | Sunday May 29, 2016
Diageo-controlled liquor firm United Spirits Ltd (USL) is looking to reduce its debt by up to Rs 2,000 crore in the next two years through various measures that include sale of shares and properties earlier owned by embattled businessman Vijay Mallya.
Banks File Counter Objections to Rs 594 Crore UBHL Claim: Report
Business | Press Trust of India | Wednesday April 13, 2016
A consortium of banks led by State Bank of India (SBI) on Wednesday filed counter objections against Vijay Mallya-controlled UBHL's claim of Rs 594 crore from them for compensating the losses incurred by it due to the sale of United Spirits Ltd (USL) equity shares by lenders at a "cheaper rate".
Court Orders Issue of Notice to Vijay Mallya in Loan Default Case
Business | Press Trust of India | Friday March 4, 2016
The Karnataka High Court on Saturday ordered issue of notice to liquor baron Vijay Mallya, his defunct Kingfisher Airlines and nine other respondents on a petition filed by bankers, including State bank of India, seeking his arrest and impounding of his passport for defaulting on loans.
Vijay Mallya's USL Exit: Kingfisher Airlines Lenders to Move Debt Recovery Tribunal
Business | Press Trust of India | Sunday February 28, 2016
A consortium of 17 lenders to the long grounded Kingfisher Airlines has decided to move the Debt Recovery Tribunal (DRT) against the airline's chairman Vijay Mallya to stake claim on the $75 million (Rs 515 crore) severance package he will be getting for quitting United Spirits Ltd (USL).
Vijay Mallya Says he is Still The Boss at Force India
Press Trust of India | Sunday February 28, 2016
Vijay Mallya, who recently stepped down as chairman of the United Spirits Ltd, said despite his decision he is still Team Principal and Managing Director of Force India.
United Spirits to Pursue Recovery of Rs 1,337 Crore UB Holdings Loan
Business | Thomson Reuters | Friday February 26, 2016
United Spirits Ltd (USL) said it will continue to pursue a claim for the recovery of Rs 1,337 crore ($195 million) of loans to former group company United Breweries Holdings Ltd (UBHL) even after its founder agreed to leave the company.
Mallya Issue: Should Hold Diageo Board Accountable, Says Proxy Advisory Firm
Business | Press Trust of India | Friday February 26, 2016
Proxy advisory firm IiAS today said the terms for Mallya's exit suggest that Diageo and United Spirits Ltd (USL) wanted a clean break from Mallya.
Vijay Mallya's Rs 515-Crore Deal to Exit USL Faces Sebi Scrutiny: Report
Business | Press Trust of India | Friday February 26, 2016
Vijay Mallya's Rs 515-crore golden parachute to exit United Spirits faces an extensive scrutiny by the Securities and Exchange Board of India (Sebi), which has begun looking
United Spirits Posts 45% Fall in Q3 Profit
Business | 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.
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