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Did former PMO, finance minister bailout Vijay Mallya?

 The office of former prime minister Manmohan Singh may have taken a special interest to try and keep afloat Vijay Mallya’s ailing Kingfisher Airlines against the run of play, e-mails and......

Diageo asks Mallya to quit USL board; alleges fund diversion

 Alleging fund diversion to Kingfisher and other UB group entities, United Spirits' new owner Diageo has asked Vijay Mallya to step down as Chairman and Director of the Indian liquor firm, a demand......

Tough legal battle lies ahead for USL, Mallya

 USL board said its second forensic audit by EY has revealed fund diversion worth Rs 1,225 cr to Mallya companies. With Diageo accusing former UB group chairman Vijay Mallya of fund diversion from......

Diageo-led USL probes loans to UB, associates

 In what could be seen as further embarrassment for UB Group Chairman Vijay Mallya, the newly constituted board of United Spirits Ltd, now controlled by British liquor giant Diageo, has ordered an......

PwC caught in USL-Mallya crossfire

 After taking a reputational knock in the Satyam scam, auditing firm PricewaterhouseCoopers finds itself in the eye of yet another corporate storm. For, the firm, which had cleared the United......

Diageo reduces board rights of Mallya in United Spirits

 UB Holdings and its chairman, Vijay Mallya, the former majority equity holders in United Spirits (USL), have been denied the right to nominate an additional independent director on the board of the......

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