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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......

Brokerages positive about medium-term outlook for liquor stocks

 Analysts believe that the sector could experience a reversal of fortunes due to better demand and margin improvements. Photograph: Flavio Lo Scalzo/Reuters After underperforming its peers in the......

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......

Sebi seeks UK's help to nail 'fund diversion' at United Spirits

 Wants details of Vijay Mallya's transactions over 4 years The Securities and Exchange Board of India (Sebi) has written to a UK regulator, the Financial Conduct Authority (FCA), for information on......

United Spirits to shed 300 jobs

 United Spirits wants to align its resources to meet its goals of becoming a trusted and respected consumer goods company. United Spirits Ltd (USL), majority owned by British liquor major......

Tough legal battle lies ahead for USL, Mallya

 USL board said its second forensic audit by EY has revealed fund diversion worth Rs 1,225 cr to Mallya companies. With Diageo accusing former UB group chairman Vijay Mallya of fund diversion from......

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......

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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