The UB Group, which has interests in spirits, aviation and pharmaceuticals, is contemplating entering the organised retail sector leveraging on its Kingfisher brand name.
These exist in a unique world of by-invitation-only properties -- those that are never advertised and which money alone cannot buy. One cannot simply walk in for a tour of these apartments. A buyer must first meet the developer's targeted social criteria to get invited for a walkthrough of the property.
Kingfisher has faced lawsuits from GMR and GVK-group run airports and also faced cases of cheque bouncing.
India golfer SSP Chawrasia forged a two-shot lead at the Hong Kong Open on Friday, overcoming buffeting winds to card a four-under-par 66 in the second round at Fanling.
The Securities Appellate Tribunal chief Justice Kumar Rajaratnam has resigned amid controversy over the UBS Securities case relating to the stock market crash last year.
If IOC is not allowed to run its own affairs, then we can see it close down in the next 10 to 15 years, warns Sudhir Bisht.
After unseasonal rains, supply disruptions and pandemic-induced woes pushed retail inflation well over the Reserve Bank's comfort zone in 2020, the scenario is likely to stay that way at least in the short term as economic recovery slowly gains foothold. For most part of this year, pricier food items pushed the retail inflation, based on Consumer Price Index (CPI), higher in the range of 6.58-7.61 per cent, except for March when the reading was 5.91 per cent. Experts believe retail inflation is likely to average around 6.3 per cent this fiscal and mostly will remain sticky going forward owing to pick-up in demand across sectors.
Vijay Mallya, the embattled chairman of the UB Group, is not likely to be immediately named a wilful defaulter by the United Bank of India.
How many hours of work does it take to buy a half a litre of beer at a retail outlet?
India accounted for a meagre 5.1 per cent of merger and acquisition (M&A) deals among emerging countries in the first nine months this year, the lowest in the BRIC (Brazil, Russia, India and China) nations.
UB Group's Kingfisher Airlines, which is scheduled to launch domestic operations from April next, would sign a deal with European aircraft manufacturer Airbus Industries for supply of 14 aircraft in Mumbai on December 18.
The spike at private sector lenders like ICICI Bank and Axis Bank follows a push to grab market share from India's dominant state banks.
The parent entity, (Holdings) Ltd, have also expressed concern over the company's significant exposure to the airline.
Mallya will now be the Founder Emeritus of USL
Analysts caution a non-BJP government is not an impossible scenario. In case of a Modi-led coalition, they advise investors to focus on discretionary consumption, select private banks and financials, RIL, housing, and IT.
In a conversation with Vishal Chhabria and Hamsini Karthik, Gautam Chhaochharia, executive director & head, India Research, UBS, explains why implementing goods and services tax (GST) may not be as disruptive as many perceive it to be. But, he warns investors shouldn't have high expectations on corporate earnings.
SBI has hired six global giants -- Citigroup, UBS, Barclays Bank, Deutsche Bank, Bank of America Merrill Lynch and JP Morgan -- for the sale of dollar-denominated bonds, they added.
The parent company, UB Group, is willing to pump in money.
Confirming the sale, senior executives of public-sector banks said there was no court directive yet to stop selling shares.
Aviation Minister said that the UB group did not say they are going to give money to the ailing airline.
Chief Operating Officer UB Pravin Rao said the company will be back to historic performance levels in a couple of years.
Local businesses are fretting over reform setbacks.
Deepak Fertilizers plans to revise open offer price to beat Mallya-Poddar efforts
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.
Anil Ambani has interests in power, telecom and other infrastructure sectors.
Fugitive businessman Vijay Mallya was booed by a section of India supporters as he entered the Oval arena to watch India's crucial ICC Champions Trophy encounter against South Africa, in London.
As a multi-disciplinary organisation, SFIO probes cases of financial frauds that are referred to it by Corporate Affairs Ministry
Ashishkumar Chauhan says that the exchange is seeking a valuation of about $1 billion.
Mallya intends to protect his shareholding in India's largest brewer in which Dutch brewer Heineken holds 37.5% stake.
Liquidity pushed benchmark indices 22% higher to become the best performing equity market globally
India's macroeconomic environment is improving, but it is still not past the point where it can ignore the developments in the global markets
In 2012, Diageo signed a deal to buy stake in USL.
United Spirits wants to align its resources to meet its goals of becoming a trusted and respected consumer goods company.
Vijay Mallya who inherited the UB Group from his father as a young 28-year-old, said he has got "nothing to prove".
After hearing Kingfisher's plea, the COMPAT observed that the CCI had acted beyond its scope in the matter and set aside the penalty.
Indian golfer Jyoti Randhawa opened strongly with a two-under 68 to be placed at tied 17th after the first round of UBS Hong Kong Open at the Hong Kong Golf club on Thursday.
UBHL chairman sold 8.41% stake, but didn't disclose.
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