The firm has advised United Spirits Ltd's shareholders to vote against the proposal to re-appoint Mallya as director on the board.
Grover Vineyards plans to sparkle, literally and otherwise. In three years, come the festive season of 2010, it will launch its sparkling wine. Plus, it has taken a series of steps which will enable it to retain its presence at the quality end of the booming Indian wine market. This market is set to drastically change with the sharp cut in import duty on foreign wines and the launch of wines by brewers and distillers like UB, Seagram and Diageo.
The acquisition is likely to be followed by the merger of Shaw Wallace & Company with group flagship United Spirits.
More than half of Mallya's total package for 2015 has been paid by Mendocino Brewing Company for 'promoting' the company's beer brands
UB Group Chairman Vijay Mallya's grip on United Breweries slipped further on Thursday, after lenders to UB Group companies offloaded a part of the stake in Kingfisher beer that was pledged to them.
Johnnie Walker, the world's no.1 whisky brand, turned 200 on July 25, 2005.\n\n
Indian Premier League franchise Royal Challengers Bangalore has notified the Board of Control for Cricket in India about Vijay Mallya's resignation as Director of Royal Challengers Sports Private Limited (RCSPL).
The growth of exports to India stood out, with value up 28 per cent to 43 million pounds
Banks are seeking an order that Mallya should appear in person before the court.
Mallya intends to protect his shareholding in India's largest brewer in which Dutch brewer Heineken holds 37.5% stake.
McDowell has acquired 85 per cent of Triumph Distilleries and Vintners Pvt Ltd at around Rs 600 million from a clutch of investors.
If they encash shares, Dutch major Heineken will emerge as single largest shareholder in the company.
UB Holdings had appealed to the bench, of judges Dilip B Bhosale and B Manohar, to let it use Rs 13 crore (Rs 130 million) from a Rs 380-crore (Rs 3.8 billion) deposit to pay a month's salary to employees of the grounded airline and Rs 47 crore (Rs 470 million) to settle tax dues on capital gains made from the sale of a stake in United Spirits to London-based Diageo that got it Rs 1,460 crore (Rs 14.6 billion).
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Justice Ram Mohan Reddy asked Mallya to appear in court and bring along his passport.
Global IT firms seeing dearth of talent in countries such as US, looking for people with such skills from countries like India
Recent data from market analytics firm Nielsen shows that the rural market in the country's 630,000-odd villages is pulling down the overall FMCG business.
Who is to take their place? Will a new generation of entrepreneurs start up with better business sense, or at least better luck? But the so-called unicorns are mostly copy-cat entrepreneurs whose cash flow is funded by overseas (including Chinese) money, notes T N Ninan.
Vijay Mallya had indicated last month that he wanted to move to the UK to be closer to his children.
'Everyone knows that you including your son won't be able to spend all the wealth that you have earned then why not at least pay the salaries of your employees,' the letter said.
The Supreme Court has rejected an appeal by Vijay Mallya to overturn charges against him for allegedly violating foreign exchange rules, adding to the legal challenges facing one of the country's most prominent businessmen.
Mallya, whose Kingfisher Airlines owes money to several banks, had on Thursday said he will challenge UBI's decision to declare him a willful defaulter.
Irrespective of demonetisation and GST blues, IIM Lucknow has been able to successfully place their batch of 459 students.
United Breweries says sales could fall by 40% following court ban.
India's investigating agencies have in the past made a lot of noise about probes that resulted in few convictions
Mallya showed his net worth at Rs 615 crore, mainly in shares and bonds.
The association also wondered how the brand value of Kingfisher was considered as a collateral while sanctioning a loan, and alleged that even when RBI knew that this was a "deliberate default", no action was taken by the banks.
The board of directors will review the position of Vijay Mallya, under self-exile in Britain, at its next meeting on August 12.
It is also testing a concept sourced in Australia, storing local fruit in an ice dispenser, freezing it and offering it to consumers as a sorbet without any artificial sweeteners or flavours.
The targeted budget for the project was reportedly projected at 750,000.
There are NPAs on account of the industrial downturn in sectors like steel, infrastructure and power.
The Attorney General said that Mallya has not disclosed full details of his assets.
This comes in the wake of allegations of financial irregularities by the erstwhile management led by Harish Moolchandani.
If we don't want small Indian wineries to disappear, it's worth supporting them by buying and drinking their wines, says Alok Chandra.
The bankers also alleged that the Rs 594-crore claim at this point of time is a clear-cut tactics of UBHL to delay the process of justice, knowing fully well that the case is on the verge of disposal.
Mallya said he was being advised by lawyer Harish Salve.
Five years after the Dutch brewer took 37.4% in Vijay Mallya's UB, it has bought another 1.35%.
Creditors are fighting to get back Rs 600 crore, KFA employees not paid for months.
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