Vijay Mallya says only shareholders can 'oust' him from USL

Last Updated: Sunday, April 26, 2015, 15:07

Mallya also said that only "shareholders can 'oust' a Director" and he would continue to function as USL Chairman "in the normal manner".

Diageo asks Mallya to quit USL board; alleges fund diversion

Last Updated: Saturday, April 25, 2015, 20:40

However, Mallya refused to resign and said the inferences and allegations are unjustified and false.

Diageo asks Vijay Mallya to step down as Chairman of United Spirits

Last Updated: Saturday, April 25, 2015, 20:28

Diageo, the world's largest spirits maker on Saturday asked Vijay Mallya to resign from the board of United Spirits (USL).

Deepak fertiliser sells 12.1% stake in MCFL

Last Updated: Monday, April 13, 2015, 20:07

Pune-based Deepak Fertilisers has been competing with industrialist Saroj Poddar-led Zuari group for taking control of the MCFL since July 2013.

SC rejects Kingfisher's plea challenging Rs 372 Cr TDS demand

Last Updated: Tuesday, April 7, 2015, 18:03

A bench of Justices Ranjan Gogoi and N V Ramana rejected Vijay Mallya-owned airlines' plea against the High Court's order.

Diageo to buy Mallya's remaining 50% stake in African firm

Last Updated: Thursday, April 2, 2015, 13:51

"Diageo will acquire this further interest from Pestello Investments Inc for an initial payment of USD 22 million and a potential earn-out payment of up to USD 14 million," the statement added.

Vijay Kelkar resigns from Tata Chemicals' Board

Last Updated: Wednesday, April 1, 2015, 14:38

Tata Chemicals on Wednesday said former Finance Commission chairman Vijay Kelkar has resigned from the company's Board.

Coal scam: CBI awaits nod on sanction to prosecute MoC official

Last Updated: Tuesday, March 31, 2015, 17:15

The agency said they have sent the relevant records to the competent authority for considering grant of sanction to prosecute the public servant in pursuance to the court's January 30 order.

United Spirits shuts down manufacturing unit in West Bengal

Last Updated: Thursday, March 5, 2015, 21:32

Liquor major United Spirits has shut down its manufacturing unit at Hooghly, West Bengal citing space constraints and other operational issues.

Loan recovery: SBI consortium takes over Kingfisher House

Last Updated: Tuesday, February 24, 2015, 17:24

Clamping down on Vijay Mallya-led UB Group to recover loans, a 17-bank consortium led by state-run SBI on Tuesday took over possession of the prized Kingfisher House, estimated to be worth Rs 100 crore.

USL gets High Court approval for transfer of distillery

Last Updated: Friday, February 20, 2015, 20:51

Vijay Mallya-led United Spirits Ltd on Friday said it has got necessary approvals from the High Court of Karnataka to transfer of a distillery in Tamil Nadu to Enrica Enterprises.

Diageo confident of retaining majority stake in United Spirits

Last Updated: Thursday, January 29, 2015, 23:22

Diageo Plc, which is up against legal hurdles in India regarding purchase of shares of United Spirits from United Breweries (Holdings) Ltd (UBHL), is confident that it would retain majority shareholding in the Indian firm even if the outcome of the cases were not to be in its favour.