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Diageo gets hardly half a per cent in USL in open offer

Diageo Plc’s move to acquire up to 26 per cent in India’s leading whisky maker United Spirits Ltd through an open offer has failed on expected lines. Diageo got 0.4 per cent, or a......

Sebi bans Vijay Mallya from securities market for 3 years

Sebi on Friday barred fugitive businessman Vijay Mallya from the securities markets and restrained him from associating with any listed firm for three years in the matter of routing of funds to the......

'Diageo India focuses on value rather than volume'

'Our approach has been to work with consumers and help them drink better, not more.' Photograph: Kind courtesy Diageo India Diageo, the UK-based alcoholic beverage company, that acquired......

United Spirits, the next shaky ground for Mallya

Brewing billionaire Vijay Mallya's woes seem to be compounding. His flagship spirits arm, United Spirits Ltd (USL), is starting to mirror Kingfisher Airlines. An over-leveraged acquisition of......

United Spirits, Diageo hold discussions with CCI

Awaiting clearance for their $2 billion deal, executives of United Spirits and Diageo on Monday met officials of fair trade regulator Competition Commission of India (CCI) in New Delhi.United......

Takeover code tweak to aid Diageo-USL deal

The Securities and Exchange Board of India (Sebi)'s move to tweak the takeover code on Friday may pave the way for UK-based Diageo's $2.1-billion buyout of United Spirits Ltd (USL). The capital......

Poonawalla confirms interest in acquiring RCB

IMAGE: Virat Kohli celebrates with the IPL trophy after RCB won the 2025 edition. Photograph: BCCI Key Points Businessman Adar Poonawalla shows interest in buying RCB.  Many big names,......

Will RCB have a new owner ahead of IPL 2026?

IMAGE: Royal Challengers Sports Pvt Ltd "has been a valuable and strategic asset" but is "non-core" to United Spirits' alcobev business, Diageo CEO Praveen Someshwar said in an exchange filing.......

Torrent Group acquires 67% stake in Gujarat Titans

IMAGE: The acquisition marks Torrent Group's foray into India's rapidly growing sports sector. Photograph: Kind Courtesy Gujarat Titans/X Ahmedabad-based Torrent Group has completed the......

Mallya suffers legal setback in F1 car ad case

Force India Formula One drivers, Nico Hulkenberg of Germany (L) and Sergio Perez of Mexico (R), and Force India team principal Vijay Mallya pose with the new Force India racing car. Photograph:......

Mallya is still the boss at Force India

‘Nothing has changed at Force India,’ says Mallya IMAGE: Force India Formula One drivers, Nico Hulkenberg of Germany, left, and Sergio Perez of Mexico,right, and Force India team......

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