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Mallya's $40-million transfer to family members resulted in $25 fine

The Supreme Court (SC) on Monday slapped a fine of Rs 2000 ($25) and a four-month jail sentence on fugitive businessman Vijay Mallya. Photograph: Simon Dawson/Reuters In addition, the former......

Diageo works on USL balance sheet

Diageo, the global spirits major which is scripting a massive overhaul of the Vijay Mallya-owned United Spirits, has hired global consulting major Accenture to restructure the latter’s......

Mallya finds a needed backer in Diageo

When Vijay Mallya recently completed 30 years as Chairman of UB Group, he got a pleasant surprise from Diageo, the global liquor firm which is now a majority holder in his United Spirits. It was a......

Mallya finds a needed backer in Diageo

Diageo deal: Mallya set for 10% preferential allotment

Close to six months after signing a landmark deal with Diageo, the global spirits major, liquor baron Vijay Mallya is preparing to make a 10 per cent preferential allotment in his flagship company,......