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Vijay Mallya

Tribunal stops Diageo from disbursing $75M to Vijay Mallya

Consumer

07 March, 2016

Tribunal stops Diageo from disbursing $75M to Vijay Mallya

In a major setback for liquor baron Vijay Mallya, the Debt Recovery Tribunal (DRT) today barred him from accessing USD ......

Vijay Mallya gives up boardroom battle for United Spirits, quits as chairman

Consumer

26 February, 2016

Vijay Mallya gives up boardroom battle for United Spirits, quits as chairman

Vijay Mallya has resigned as chairman and non-executive director of what was once his flagship company United Spirits Ltd following ......

Punjab National Bank declares UB group holding firm as wilful defaulter

General

16 February, 2016

Punjab National Bank declares UB group holding firm as wilful defaulter

Punjab National Bank has also identified the UB Group holding company United Breweries Holdings as 'wilful defaulter', as per a ......

Mallya loses further grip on Kingfisher maker United Breweries

Consumer

06 January, 2016

Mallya loses further grip on Kingfisher maker United Breweries

Industrialist Vijay Mallya, once India's liquor king, has further lost grip on what is now his flagship business interest—Kingfisher beer ......

United Spirits seeks shareholders' nod to report sick to BIFR

Consumer

30 December, 2015

United Spirits seeks shareholders' nod to report sick to BIFR

Diageo-owned United Spirits is seeking approval from its shareholders to report sick to BIFR as its accumulated losses as on ......

United Spirits to disclose impact of financial irregularities by month-end

Consumer

07 May, 2015

United Spirits to disclose impact of financial irregularities by month-end

Diageo-controlled United Spirits Ltd (USL), India's largest liquor maker, has declined to share the internal inquiry report on various financial ......

Diageo looks to ring-fence its $3B investment in United Spirits

Consumer

27 April, 2015

Diageo looks to ring-fence its $3B investment in United Spirits

London-headquartered Diageo Plc, the world's largest liquor producer by revenues, is set to swing into action to ring-fence its $3 ......

Boardroom battle looms as Diageo asks Vijay Mallya to vacate United Spirits' chair

Consumer

25 April, 2015

Boardroom battle looms as Diageo asks Vijay Mallya to vacate United Spirits' chair

Within a year of gaining control of United Spirits Ltd (USL), the world's largest spirits maker Diageo Plc has made ......

Diageo to buy Mallya's remaining 50% stake in United National Breweries

Consumer

02 April, 2015

Diageo to buy Mallya's remaining 50% stake in United National Breweries

Diageo, the world's largest spirits maker today took full control of South African beer maker United National Breweries by acquiring ......

Loan recovery: SBI consortium takes over Kingfisher House

Infrastructure

25 February, 2015

Loan recovery: SBI consortium takes over Kingfisher House

Clamping down on Vijay Mallya-led UB Group to recover loans, a 17-bank consortium led by state-run SBI today took over ......