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Diageo gets hardly half a per cent in USL in open offer

 Diageo Plc’s move to acquire up to 26 per cent in India’s leading whisky maker United Spirits Ltd through an open offer has failed on expected lines. Diageo got 0.4 per cent, or a......

Sebi bans Vijay Mallya from securities market for 3 years

 Sebi on Friday barred fugitive businessman Vijay Mallya from the securities markets and restrained him from associating with any listed firm for three years in the matter of routing of funds to the......

Brokerages positive about medium-term outlook for liquor stocks

 Analysts believe that the sector could experience a reversal of fortunes due to better demand and margin improvements. Photograph: Flavio Lo Scalzo/Reuters After underperforming its peers in the......

Mallya's 'sweetheart deal' faces Sebi scrutiny

 Such an exit arrangement is commonly known in the business parlance as 'golden parachute' or 'sweetheart deal' Vijay Mallya's Rs 515-crore (Rs 5.15 billion) 'golden parachute' to exit United......

Tough legal battle lies ahead for USL, Mallya

 USL board said its second forensic audit by EY has revealed fund diversion worth Rs 1,225 cr to Mallya companies. With Diageo accusing former UB group chairman Vijay Mallya of fund diversion from......

MCFL investments in UB group firm may be irregular

 Earlier, alleged financial irregularities had come to fore at United Spirits Ltd (USL) relating to loans advanced to UB Group firms including for long-defunct Kingfisher Airlines. In fresh troubles......

Uber Cup: Saina retires injured, but India beat Spain

 IMAGE: Injury forced Saina Nehwal to concede the opening singles to Spain’s Clara Azurmendi in the Uber Cup, as she developed discomfort in her groin area. Photograph: Robertus......

Mallya is still the boss at Force India

 ‘Nothing has changed at Force India,’ says Mallya IMAGE: Force India Formula One drivers, Nico Hulkenberg of Germany, left, and Sergio Perez of Mexico,right, and Force India team......

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