Loan default case: CBI registers fresh case against Mallya

The Central Bureau of Investigation has registered a fresh case against beleaguered liquor baron Vijay Mallya for allegedly cheating a consortium of nationalised banks to the tune of Rs 6,027 crore......

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......

HC orders winding up of Mallya's United Breweries

In a major jolt to liquor baron Vijay Mallya, the Karnataka high court on Tuesday ordered the winding up of United Breweries (Holdings) Ltd (UBHL), the parent company of UB Group, for recovering......

Heineken attempts to gain more control over United Breweries

Dutch brewing giant Heineken is understood to be in various stages of discussion with UB Group chairman Vijay Mallya to gain more control over India's largest brewer, United Breweries. Mallya,......

Some cheer for Mallya: United Breweries' profit rises

United Breweries Ltd on Friday posted a net profit of Rs 34.2 crore (342 million) for the second quarter ended September 30, as against Rs 19.5 crore (195 million) in the year-ago period.The......

Kingfisher Airlines scrip hits all-time low

Shares of Kingfisher Airlines touched an all-time low before settling sharply down by over 9 per cent as the cash-strapped company continued to face serious financial turbulence. Kingfisher shares......

Mallya looking to float Indian sports assets

Indian drinks and aviation tycoon Vijay Mallya plans to gather his Formula One, cricket and soccer interests into one company and float it on the Mumbai stock exchange early next year. "So many......

Why Sahara may find it difficult to sell stake in Force India F1 team

- Sahara India needs to pay back $5.3 billion, raised from millions of small investors through the sale of bonds ruled by the Supreme Court to be illegal, before founder Subrata Roy can be......