Could lose title to 1cr shares of USL worth Rs 3K cr: Diageo

Last Updated: Sunday, September 13, 2015, 12:45

Diageo had purchased the shares amounting to 6.98 per cent stake in USL from UBHL as part the USD 3 billion deal in 2012 through which it had gained majority control in the Indian spirits maker.

Ease of doing business is a challenge in India: Diageo CEO

Last Updated: Friday, September 11, 2015, 21:55

Stating that ease of doing business is a 'challenge' in India, world's largest spirits maker Diageo's CEO Ivan Menezes today said it has to be 'significantly' improved.

Diageo may not be able to recover $135mn loan from Vijay Mallya firm

Last Updated: Sunday, September 6, 2015, 12:29

The company said the underlying security held by Standard Chartered includes shares in United Breweries Ltd (UBL) and Watson's interest in a venture that owns the Force India Formula One (F1) team.

United Spirits scrip jumps over 5% on smart Q1 results

Last Updated: Friday, July 24, 2015, 19:42

United Spirits' stock Friday went up by over 5 percent after the company reported a standalone net profit of Rs 19.92 crore for the first quarter.

UBL to initiate process to recover Rs 1,337 crore

Last Updated: Thursday, July 23, 2015, 23:59

UK's Diageo group-controlled United Spirits today alleged irregularities and potential violations of law in diversion of funds by the firm's erstwhile promoter Vijay Mallaya-led UB Group and said it is initiating process to recover dues totaling to Rs 1,337 crore.

United Spirits posts Q1 net profit at Rs 19.92 cr

Last Updated: Thursday, July 23, 2015, 21:33

The Diageo-controlled United Spirits Thursday reported a stand-alone net profit of Rs 19.92 crore for the first quarter ended June on the back of higher sales.

NSE asks USL to make Vijay Mallya probe report public; company refuses

Last Updated: Wednesday, May 6, 2015, 21:46

Taking forward its probe into the entire matter, the National Stock Exchange had asked United Spirits Ltd (USL) to provide a detailed report on its inquiry for "the public dissemination purpose".

NSE asks USL to make public fund diversion to Vijay Mallya's UB Group

Last Updated: Wednesday, May 6, 2015, 20:57

Alleging fund diversions, United Spirits' new own Diageo had recently asked Vijay Mallya to step down at the Chairman and Director of the Indian liquor firm.

USL may have to restate a/c; investor groups slam Diageo role

Last Updated: Sunday, May 3, 2015, 14:59

Facing a multi-agency scrutiny, Diageo-owned United Spirits may have to restate its financial accounts, even as some investor groups have begun to question the UK-based parent's long silence on allegations against the erstwhile main promoters, Vijay Mallya-led UB Group.

Mallya-USL row: ICAI seeks details from Sebi on auditors' role

Last Updated: Friday, May 1, 2015, 20:45

The ICAI has powers to initiate disciplinary action against auditors if they are found to have indulged in malpractices.

Vijay Mallya escalates war on USL board; Diageo pores over 'contract'

Last Updated: Monday, April 27, 2015, 22:23

Upping the ante to retain Chairmanship at United Spirits, embattled Vijay Mallya Monday said majority owner Diageo has "contractual obligations" to support his position, even as the British liquor giant said the contract was valid only if there were no "defaults".

UB entities, others under multi-agency scanner

Last Updated: Monday, April 27, 2015, 20:37

As Vijay Mallya fights it out with United Spirits to retain his Chairmanship, the role of some top executives, auditors and promoter entities linked to the UB Group have come under scanner of multiple regulatory agencies for alleged irregularities between 2010 and 2013.