According to various senior UB Group officials, the strategy of 14 power brands' focus is expected to be rolled out soon.
Diageo gets assurance, Heineken may seek one, too.
With China and Bangladesh losing their edge, textile exports from Tirupur are rising once again, turning the city into a job magnet.
The additional stake will cost the promoters Rs 312 crore (Rs 3.12 billion).
The market continues to remain highly competitive relative to Indonesia and Malaysia, says Anand Narayan, senior managing director of Creador Advisors.
United Spirits had earlier forked out a loan of as much as Rs 1,350 crore to UB Holdings.
The illegal trade in red sanders wood, which sells for up to Rs 80 lakh a tonne in some Asian countries, involves a complex nexus of smugglers and impoverished woodcutters.
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Diageo, which recently coughed up a total of Rs 18,000 crore (Rs 180 billion) to take majority control of USL, seems to have a lot of faith in him.
After razing his ancestral bungalow, housed in an expansive 4.5-acres of prime location in the central business district of Bangalore, Mallya's attempt to unlock value in the land by building the luxury KingfisherTowers has been stalled.
Bank claims it wasn't quizzed by CBI, only financial information was sought.
The move to allow women to work the night shift, by amending the Factories Act, has been opposed in Delhi by the Mahila Congress, the Indian National Congress's women's wing, and the All India Trade Union Congress.
Reliance Industries Ltd, along with its partner British Petroleum, plans to invest about Rs 800 crore (Rs 8 billion) to carry out exploratory drilling in an offshore block in the Bay of Bengal, off the Tamil Nadu coast.
ISRO said, initially the launch was slated for 9.49 am, but now there is a 3-minute delay owing to the probability of space debris in the path of rocket.
A week after lenders invoked more of pledged shares, they did so again.
IDBI Trusteeship Services, in its capacity as the lenders' trustee to Kingfisher Airlines, has invoked a little over 4.93 mn shares worth Rs 1,300 crore.
In a disclosure to the markets, United Spirits has said it is awaiting information from UB Holdings for determining the treatment in the company's accounts of the loan together with applicable interest accrued until March 31, 2014.
Vijay Mallya, the embattled chairman of the UB Group, is not likely to be immediately named a wilful defaulter by the United Bank of India.
At the beginning of this year, his stake in the airline stood at 30.14%.
He manages to get back a majority of pledged shares.
The workers who were hired straight out of school as unskilled labourers are now struggling to find alternative employment because they lack skills.
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