United Breweries says sales could fall by 40% following court ban.
Sebi has now proposed that the Companies Act should also clearly mention that a person should vacate the office of a director if it orders his or her disqualification.
Nearly 700 of the 1,500 employees, who still claim to be on the payroll of the defunct airline, are women.
India's tough stance is better late than never.
Brokerages expect better financials as management is determined to improve profitability.
These transactions have come for shareholders approval because of requirements under the new companies law and amended listing agreements.
A week after lenders invoked more of pledged shares, they did so again.
Having watched Virat Kohli's on-ield exploits from 22 yards, dashing Jamaican batsman Chris Gayle is not at all surprised with his Royal Challengers Bangalore captain's current form.
Confirming the sale, senior executives of public-sector banks said there was no court directive yet to stop selling shares.
Vijay Mallya has lost control of his companies.
Things appear to be going from bad to worse for Vijay Mallya, once known as 'King of Good Times', with the board of a company he nurtured into India's largest liquor maker asking him to quit.
Almost 70 per cent of alcohol distribution in India happens through liquor vends or shops, while 30 per cent happens on-premise, that is, in bars, pubs, and hotels.
In a filing to the Bombay Stock Exchange (BSE), USL said it had made a recommendation to the board of subsidiary United Spirits to consider the sale of the entire share capital of Whyte & Mackay.
Bankers and the senior management are expected to convene another meeting later this month.
Here's the full text of the statement
The footprints of Indian-origin corporate executives at multinationals is expanding, with Sandeep Kataria taking over the reins of footwear major Bata as its global chief executive officer. From FMCG majors to IT titans, Kataria joins the league of Indian-origin executives who have climbed the highest echelons of corporate across diverse sectors globally. From Nooyi to Pichai to Nadella, the list of such people at the helm of multi-billion dollar enterprises is long.
Sanofi India is seeking approval of the shareholders for perpetuity.
The Debt Recovery Tribunal (DRT) on Tuesday directed Diageo Plc not to disburse $40 million of the $75 million sweetheart deal to him.
The American, who moved from US Navy to the corporate world, is considered best suited for this role because of her understanding of both production and distribution. Arnab Dutta & Viveat Susan Pinto report.
Vijay Mallya on Wednesday gave a proposal to the Supreme Court to repay around Rs 4,000 crore (Rs 40 billion) loan to banks by September this year.
The official liquidator said it would be in public interest that these properties are restored to him so that the interest of all creditors, including the applicant banks, can be "safeguarded".
While it will most certainly impact his personal credit record, it will also have repercussions for his other businesses and companies he is associated with.
The company said it will appoint a new Chairman at the next Board meeting.
Many other Indians are heading the businesses at companies abroad.
'I have been most pained at being painted as an absconder'.
The details Mallya filed earlier in his disclosure statement about his foreign properties do not have reference of cash in hand or bank details
A factor which would be key to Scotch consumers is the new currency an independent Scotland would go for .
W&M's single malts and vodka brand could help UB improve its position at the premium end of the Indian spirits market
Not just e-commerce players, even spirits majors are banking on artificial intelligence and chatbots to offer newer, quicker, smarter services. Shivani Shinde Nadhe reports.
It is imperative to invest in real time marketing, even at double speed.
Liquor baron Vijay Mallya, facing probe in a loan default case of IDBI bank, apparently managed to leave the country in spite of a look-out notice against him by CBI.
The growth of exports to India stood out, with value up 28 per cent to 43 million pounds
The firm has advised United Spirits Ltd's shareholders to vote against the proposal to re-appoint Mallya as director on the board.
The company secured independent valuation for these properties and had shared the same with Mallya
The contraction in M&A activity in India contrasts sharply with the upbeat global picture, much of it led by a reviving US economy.
Supreme Court has posed a question to Mallya about the truthfulness of his disclosure of assets and transfer of $40 million to his children
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.
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).
More than half of Mallya's total package for 2015 has been paid by Mendocino Brewing Company for 'promoting' the company's beer brands
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