United Spirits to shed 300 jobs

United Spirits wants to align its resources to meet its goals of becoming a trusted and respected consumer goods company. United Spirits Ltd (USL), majority owned by British liquor major......

ED attaches UB Holdings, Mallya assets worth Rs 1,411 cr

Enforcement Directorate to approach court to attach industrialist’s properties worth Rs 4,000 crore The Enforcement Directorate (ED) has attached nine assets of beleaguered industrialist......

ED, Sebi to probe Mallya-Diageo deal for South African Breweries

The acquisition of South African Breweries’ traditional beer business by Diageo is part of a complex web of transactions signed by the British firm with Mallya. The Securities and Exchange......

How Mallya squandered money on yachts, jets and islands

  Vijay Mallya went on a buying spree abroad, including a penthouse in New York’s Trump Plaza, but had to sell some as troubles mounted at home In his declaration of interests to the......

Why Sahara may find it difficult to sell stake in Force India F1 team

- Sahara India needs to pay back $5.3 billion, raised from millions of small investors through the sale of bonds ruled by the Supreme Court to be illegal, before founder Subrata Roy can be......

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:......

Force India to get investment boost

Force India will have a 50 million pound boost to help them move up the Formula One grid after a strong performance this year, the team's co-owner Vijay Mallya announced. -Sahara Force India not......

Vettori to lead Royal Challengers in IPL 2011

New Zealand skipper Daniel Vettori will lead Royal Challengers Bangalore in the fourth season of IPL 4. Vettori led a spirited New Zealand to the World Cup 2011 semi-finals, where the Kiwis lost......