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.......

Mallya finds a needed backer in Diageo

When Vijay Mallya recently completed 30 years as Chairman of UB Group, he got a pleasant surprise from Diageo, the global liquor firm which is now a majority holder in his United Spirits. It was a......