In the last one year, the Sensex has fallen 2.17 per cent, while the BSE midcap index has risen 2.08 per cent. And, there is scope for value picking that can yield good returns.
The company's exposure relating to Kingfisher Airlines is under various accounts including corporate guarantees to banks.
The US Federal Aviation Administration has yet to certify Epic's planes. The company manufactures private business jets with single and twin engines, capable of carrying six to seven people.
It took the Danish beer maker eight years to move among the top three.
United Spirits Ltd will launch five brands in China as part of its entry into the communist country's market.
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Banks, real estate and metal scrips among the top losers.
Heineken, among the world's top brewing firms, had been in protracted negotiations with UB, India's largest brewing firm and owned by billionaire Vijay Mallya. However, according to UB sources, Heineken is understood to have now agreed to bring Asia Pacific Breweries' India operations into the UB fold, thus ending the year-long impasse.
The Villa, owned by United Breweries Holding, was mortgaged by KFA to SBI-led 17-bank consortium to obtain loans in 2010
In fresh trouble for liquor baron Vijay Mallya, United Bank of India has identified United Breweries Holdings, the guarantor of grounded airline Kingfisher, as wilful defaulter.
Hot models, celebrities and sunglasses -- here's a look at the launch of the Kingfisher Calendar 2010.
Liquor-baron Vijay Mallya today virtually asked the Gujarat government to lift prohibition in force in the state.
The government on Wednesday cleared 21 FDI proposals worth Rs 84.90 crore (Rs 849 million), most of which is likely to be brought in by the world's largest chemical company BASF through an open offer.
Mahatma Gandhi's items, including his pocket watch, a pair of sandals, a plate, a bowl and his rimmed glasses, were sold at an auction by New York-based Antiquorum Auctioneers on Thursday. UB Group Chairman Vijay Mallya reportedly bought the items for $1.8 million.Preliminary reports suggested that Mallya may hand over the items to the Indian government.
UB's beer brand will take on Bacardi's Breezer in the flavoured alcoholic beverage market.
Heineken's joint takeover of Scottish & Newcastle could put the Dutch group in a position to try to take over the British brewer's fast-growing Indian partner, United Breweries, which is controlled by Indian billionaire Vijay Mallya, writes Joe Leahy in Mumbai.
Mallya has said he will raise this issue in Parliament.
The raids resulted in recovery of documents of some dummy firms linked to Mallya like Gold Reef Investments Ltd and McDowell Holdings Ltd.
Kingfisher Airlines owed Indian banks Rs 7,000 crore as of January.
Minister for Tourism and Culture Ambika Soni is happy she could manage to bring the relics of Mahatma Gandhi back to India.Soni, a powerful leader of the Congress owing to her proximity to party president Sonia Gandhi, claimed that United Breweries chairman Vijay Mallaya had been selected to bid on the items.
"Vijay wanted to know if I was going to bid and I said I would," Chatwal said. "As I chatted with him it was clear to me that he too wanted to donate the items to the Navjivan Trust. I then decided I would not bid.
Continuing with his acquisition juggernaut on foreign shores, liquor baron Vijay Mallya of United Breweries Group has now set his sights on New Zealand based company Independent Liquor Ltd.
United Breweries says sales could fall by 40% following court ban.
Vijay Mallya-controlled UB Group's open offer for acquiring stake in liquor firm Shaw Wallace will begin on April 18, the manager to the offer said on Thursday.
The company informed the Bombay Stock Exchange that its board was scheduled to meet on September 28 to consider the proposal to issue further equity shares to existing shareholders on a "rights" basis.
The total wine market in the country consists of 1.2 million cases, according to an industry estimate, of which the imported wine segment is a mere 22,000 cases or 20 per cent. Champagne Indage -- one of the biggest domestic players and producers of domestic wine under the Chateau Indage umbrella -- recently launched Indage Vineyards to bring in contemporary and new range of wines from across the globe to India.
Jet's supremacy has now been challenged by a nimble and aggressive Kingfisher which, in just two years and following Mallya's buyout of Air Deccan, is commanding the same market share as Jet Airways and Jetlite.
Vijay Mallya's United Breweries has held a vice-like grip over the Indian beer market with the Kingfisher, Kalyani and Sandpiper brands. With 137 million cases (12 bottles each), it has a 45 per cent market share. But now multinationals are closing in on UB.
What's common between Vijay Mallya, Ratan Tata and L N Mittal besides the fact that they are all India-born entrepreneurs looking to dominate global business? All three are victims of economic patriotism in foreign soil.
In a move that could change the sweepstakes in the Indian beer market, brewing giant SABMiller plans to acquire rival Scottish & Newcastle in a $12.8 billion deal, the Sunday Express said on Sunday.
The man who ran Mohan Meakin for over four decades was a teetotaller.
Kingfisher Airlines, the wholly owned subsidiary of United Breweries, on Tuesday announced the operation of daily Airbus A320 flights on two new routes - Bangalore-Chennai and Bangalore-Hyderabad from Wednesday.
This is part of a worldwide deal under which S&N's global operations will be jointly acquired by Danish beer giant Carlsberg and Heineken for $15.4 billion. Under an agreement reached by three companies involved in the deal, Heineken will take over S&N's India operations.
United Breweries Group Chairman Vijay Mallya said on Friday his group was eyeing acquisition of a large Scottish whiskey company, with an enterprise value of around Rs 4,000 crore (Rs 40 billion).
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