UB group's McDowell & Company has acquired up to 54.54 per cent stake in Shaw Wallace and Company from Chhabria's Jumbo World Holdings for over Rs 1,300 crore ($300 million).
Bad weather caused the first round of the Bay Hill Invitational in Florida to be suspended on Thursday.
McDowell & Co Ltd and Phipson Ltd, both part of Vijay Mallya's UB group, and associates have made a counter offer to shareholders of Herbertsons Ltd to acquire additional 45.2% stake at Rs 200 per share.
A phased roll-out of prohibition will hit revenues of companies, which get 5% of their volume sales from the state
Anirban Lahiri, coming in after a short break following events in Europe, was hit by back spasms early in his first round as he carded a 77 in the World Golf Championships-Invitational in Akron, Ohio, United States.
A summary of sports events and persons who made news on Friday.
The results are required to be disclosed by listed companies on stock exchange platform for benefit of investors.
The former England captain said cricketers should be honest enough and walk off if they feel they are out.
Banks tighten hold on Mallya for defaults on KFA loans
UB's spirits division which group's McDowell and Co Ltd and privately-held Herbertsons Ltd, with sales of 26 million cases in the year to March 2002, had 4.3 per cent of the world market.\n\n
It is important to clarify that availing of an exemption is neither evasion nor tax planning.
Why do cherished -- and affordable -- Indian whisky brands like Peter Scot, Solan Number One, and now McDowell's Single Malt keep disappearing? Subir Roy mourns the loss of flavour.
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Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Enforcement Directorate to approach court to attach industrialist's properties worth Rs 4,000 crore
US swimmer Ryan Lochte has been charged by Brazilian police for filing a false robbery report over an incident during the Olympics in Rio de Janeiro.
Take a look at images from events that caught our attention in the week gone by.
Phil Mickelson rolled in an 18-foot birdie putt in fading light at the 18th hole to grab a share of the lead in Friday's second round of the U.S. Open when play was suspended due to approaching darkness.
Golfing great Arnold Palmer died on Sunday, aged 87. His death left the golfing fraternity in mourning. Tributes flow...
Soon after acquiring strategic management control of Vijay Mallya's crown jewel, United Spirits, Diageo has swung into action, making up for years of lost time in trying to figure out the Indian market.
Reigning Asia No. 1 Anirban Lahiri and Indian Open winner SSP Chawrasia will carry the country's medal hopes when they tee off here tomorrow as golf makes a return to Olympics after a gap of 112 years. Two-time European tour winner Lahiri has been a revelation for Indian golf in the last couple of years as he clinched the Asian tour order of merit after winning twice -- Maybank Malaysian Open and Hero Indian Open in 2015.
Many top athletes around the globe might be pulling out of the Rio Olympics due to Zika virus concern but chef de mission of the Indian Olympic contingent Rakesh Gupta said they are taking every possible step to address any possible risk. "We are concerned about Zika virus but we are taking every possible precaution for the Indian contingent that will travel to Rio. Whatever advisory we have received from the international body we have forwarded that to the players and federations," Gupta said on the sidelines of an event where Amul became the official sponsor of the Indian contingent.
Diageo-led United Spirits pulls out one more lifeline from UB Holdings.
Europe maintained their Ryder Cup stranglehold over the United States with a crushing five-point victory on Sunday as rookie Jamie Donaldson had the honour of securing the decisive point to make it eight wins in the last 10 matches.
Is this a classic case of throwing the baby out with the bath water?
Woods, who had not played competitive golf since the PGA Championship in August due to back troubles, struggled with all facets of his game en route to a five-over-par 77 that left him 11 shots back of rising American talent Spieth.
Indian golfer Anirban Lahiri produced a highly commendable first round on his Masters debut, carding a one-under 71 to be tied 18th alongside some of the biggest names in Augusta.
A young Arnold Schwarzenegger in swimwear, Cary Grant setting airport chic standards, a socialite even the Kardashians can't keep with and other vintage moments from the film festival on La Croisette!
Four-time Major winner Rory McIlroy will not compete in this summer's Rio Olympic Games, citing health fears over the Zika virus, he said on Wednesday.
The company will move swiftly to consolidate its recent acquisition of three distilleries and will also take a decision on setting up a Rs 650-crore two-furnace glass plant in Andhra Pradesh, said sources.
RBI, Enforcement Directorate to see if money was sent to tax haven
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Banks, real estate and metal scrips among the top losers.
Mallya has denied that he had fled India and said he would comply with laws.
Decision of Indu Shahani, principal of Mumbai's HR College, to become a director of United Spirits raises an ethical issue.
These transactions have come for shareholders approval because of requirements under the new companies law and amended listing agreements.
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