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Did former PMO, finance minister bailout Vijay Mallya?

The office of former prime minister Manmohan Singh may have taken a special interest to try and keep afloat Vijay Mallya’s ailing Kingfisher Airlines against the run of play, e-mails and......

Diageo gets hardly half a per cent in USL in open offer

Diageo Plc’s move to acquire up to 26 per cent in India’s leading whisky maker United Spirits Ltd through an open offer has failed on expected lines. Diageo got 0.4 per cent, or a......

Slowdown has also hit India's liquor industry

Experts are of the opinion that though the second half of this financial year will see some recovery, volume growth is likely to remain in single digit as compared to the double-digit rise recorded......

Liquor companies dizzy as prohibition looms large in Andhra Pradesh

A phased roll-out of prohibition will hit revenues of companies, which get 5% of their volume sales from the state Liquor companies may have to contend with significant loss of revenue if Andhra......

Diageo wins $ 135 mn claim against Mallya in UK court

At the heart of Friday's case lay an ICICI Bank loan owed by Mallya's Watson and CASL, for which Diageo stepped in as a backstop so that it could be refinanced by Standard Chartered Bank.......

Setback for Mallya, his plea against Sebi order dismissed

In January, Sebi had barred Mallya and six former officials of USL from securities markets in a case related to illegal fund diversions. The Securities Appellate Tribunal (SAT) on Friday rejected......

United Spirits to sell 13 properties once owned by Vijay Mallya

The company secured independent valuation for these properties and had shared the same with Mallya United Spirits Ltd (USL) plans to sell 13 properties, earlier owned by its former Chairman and......

Uber Cup: Saina retires injured, but India beat Spain

IMAGE: Injury forced Saina Nehwal to concede the opening singles to Spain’s Clara Azurmendi in the Uber Cup, as she developed discomfort in her groin area. Photograph: Robertus......

How Kohli's absence in Asia Cup hits Star India's plans

While it is difficult to put a number on how much the impact on the ad sales tally could be, it is quite possible the broadcaster will not be able to make its Rs 2-billion target, says Urvi......

Football Briefs: Maradona wants to coach Argentina again; Klopp in hospital

News of all that's transpired on and off the football field Diego Maradona criticised the faltering Argentina team on Wednesday and appealed for another chance at managing the national side. A day......

Gayle not surprised by Kohli's spectacular form

IMAGE: Royal Challengers Bangalore captain Virat Kohli celebrates fellow opener Chris Gayle. Photograph: BCCI Having watched Virat Kohli's on-ield exploits from 22 yards, dashing Jamaican batsman......

Mallya is still the boss at Force India

‘Nothing has changed at Force India,’ says Mallya IMAGE: Force India Formula One drivers, Nico Hulkenberg of Germany, left, and Sergio Perez of Mexico,right, and Force India team......

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