Facing heat, UB Group stocks melt, UBHL dives over 5%

UBHL's stock plunged 5.31 per cent to settle at Rs 19.60 on BSE.     UB Group stocks, led by United Breweries Holdings Ltd, on Monday slumped by up to 5.3 per cent as trouble mounted for......

MCFL investments in UB group firm may be irregular

Earlier, alleged financial irregularities had come to fore at United Spirits Ltd (USL) relating to loans advanced to UB Group firms including for long-defunct Kingfisher Airlines. In fresh troubles......

Mallya intends to keep control of UBL

Vijay Mallya, chairman of UB Group, came out fighting at United Breweries Ltd (UBL)’s annual general meeting in Bangalore on Thursday. While he has already ceded management control of United......

Federal Bank recovers Rs 10 cr dues from defunct Kingfisher Air

Federal Bank, a part of the consortium that had given loans to Kingfisher Airlines, has recovered Rs 10 crore (Rs 100 million) till date and is making efforts to get back the remaining dues from......