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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......

CBI summons Sisodia for questioning in excise case, AAP fears arrest

 The Central Bureau of Investigation (CBI) has summoned Delhi Deputy Chief Minister Manish Sisodia for questioning on Monday in connection with alleged corruption in the formulation and......

United Breweries sees fizz in premium beer segment

 Bengaluru-based United Breweries (UBL), makers of Kingfisher beer, is eying strong growth in the premium beer segment, driven by changing consumer preferences towards premiumisation. Photograph:......

United Spirits to shed 300 jobs

 United Spirits wants to align its resources to meet its goals of becoming a trusted and respected consumer goods company. United Spirits Ltd (USL), majority owned by British liquor major......

United Spirits gets MCA, I-T Dept notices to inspect books

 United Spirits has received notices from the Ministry of Corporate Affairs and the I-T Department for inspection of its book subsequent to a probe ordered by its new management over alleged......

Higher taxes, competition weigh on liquor stocks

 Stocks of alcoholic beverage makers have corrected over the last few trading sessions on worries that taxes, competition and costs will hurt sales and profitability. Photograph: Flavio Lo......

Why analysts are bullish on United Spirits

 Brokerages expect better financials as management is determined to improve profitability. United Spirits' shares declined 0.51 per cent on Monday, after minority shareholders struck down nine......

Mallya suffers legal setback in F1 car ad case

 Force India Formula One drivers, Nico Hulkenberg of Germany (L) and Sergio Perez of Mexico (R), and Force India team principal Vijay Mallya pose with the new Force India racing car. Photograph:......

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......

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