Mallya finds a needed backer in Diageo

When Vijay Mallya recently completed 30 years as Chairman of UB Group, he got a pleasant surprise from Diageo, the global liquor firm which is now a majority holder in his United Spirits. It was a......

Diageo open offer for USL to start on April 10

Diageo’s open offer to acquire United Spirits Limited shares would commence on April 10 and continue till April 26.Through the offer, Diageo intends to acquire 37.78 million shares (26 per......

Diageo stirs USL in bid to shake Indian market

Diageo may have got FMCG veteran Anand Kripalu to run United Spirits and appointed 3 directors on its board, but the road ahead is strewn with problems Diageo, the global spirits major, is on a......

Mallya's $40-million transfer to family members resulted in $25 fine

The Supreme Court (SC) on Monday slapped a fine of Rs 2000 ($25) and a four-month jail sentence on fugitive businessman Vijay Mallya. Photograph: Simon Dawson/Reuters In addition, the former......