The acquisition is likely to be followed by the merger of Shaw Wallace & Company with group flagship United Spirits.
Market looks like it will correct but that is the nature of the beast.
Simarjeet Singh and Jagmohan Gill submitted an identical score of two-under 70 after the first round in the Northern India Amateur championship.
UB will dilute a strategic stake of the merged entity; SWC board will be restructured.
Late 'big bull' Harshad Mehta, largest car maker Maruti and liquor major Shaw Wallace are among top 20 corporate and individual income tax defaulters, Lok Sabha was informed on Friday.
The scrip of private airlines, Jet Airways, has been included in the BSE-200 index while that of Polaris Software has been excluded from the IT and Tech index with effect from June 6.
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).
The markets have opened strong in morning session as FMCG, telecom, oil, banking, power, metal and some technology stocks
No tyres of any description have rolled out of its factories in Sahagunj (West Bengal) or Ambattur (Tamil Nadu) since 2011 and 2012, respectively.
'As he goes down, he will almost certainly drag a few others down with him.' 'Once the mutual mudslinging has died down, collateral damage will probably include more bankers than politicians, given the nature of how things work in India,' says T N Ninan.
Rasheed Kidwai unearths little-known stories from the Dadasaheb Phalke awardee's past as Amitabh Bachchan celebrates 50 years in the movies this month.
RBI, Enforcement Directorate to see if money was sent to tax haven
The ban on liquor advertising is an example of policy hypocrisy at play.
Mallya has lived on the edge for long enough to know that his extradition from UK is not a given, says N Sundaresha Subramanian.
RPG Enterprises Chairman Harsh Goenka thinks aloud about what Vijay Mallya could or should do to get out of the current mess.
As his personal wealth started booming, Mallya went on a buying spree.
The processor is just 5 per cent of the overall cost of a computing device.
Then chief minister Jyoti Basu once told an industrialist that capitalists were class enemies and he should expect no sympathy.
Engineering conglomerate fended off three corporate raids but emerged stronger.
For his 60th birthday in December, which he called his third 20th birthday, Mallya flew in Enrique Iglesias to perform at his villa overlooking the beach in Goa.
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