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.

United Spirits Q3 net profit up 21% at Rs 79 cr

Last Updated: Saturday, January 24, 2015, 17:13

Liquor major United Spirits Ltd Saturday posted 21.58 percent increase in net profit at Rs 78.81 crore for the third quarter ended December 31.

USL jumps nearly 7% after shareholders approve Diageo pacts

Last Updated: Monday, January 12, 2015, 17:08

USL's scrip climbed 6.63 percent to settle at Rs 3,050.45 on the BSE. During the day, it gained 9.85 percent to Rs 3,142.55 -- its 52-week high. At the NSE, shares of USL soared 6.30 percent to end at Rs 3,037.

Contempt petition filed only against Vijay Mallya: Bank consortium counsel

Last Updated: Wednesday, January 7, 2015, 19:06

Contempt petition in the Karnataka High Court has been filed only against liquor baron Vijay Mallya alleging breach of an oral undertaking given before the Debt Recovery Tribunal that they would not alienate unencumbered assets nor deal with them, Counsel for a consortium of banks clarified Wednesday.

Kingfisher Airlines' flying license to expire today

Last Updated: Wednesday, December 31, 2014, 08:47

The doors are finally going to be shut on the defunct Kingfisher Airlines as the two-year term to renew its Air Operator Permit expires on December 31 midnight.

Kingfisher Airlines' flying license to expire Dec 31; doors could be shut

Last Updated: Sunday, December 28, 2014, 11:02

The doors are finally going to be shut on the defunct Kingfisher Airlines as the two-year term to renew its Air Operator Permit expires on December 31 midnight.

Delhi HC reserves judgement on Kingfisher, Vijay Mallya wilful defaulter case

Last Updated: Wednesday, December 10, 2014, 22:37

Kingfisher had moved the court seeking directions to the bank to rescind its August 21 notice and those issued earlier as well as to restrain it from taking any action against the airlines in pursuance of the same.

Not a wilful defaulter, Kingfisher Airlines tells UCO Bank

Last Updated: Friday, December 5, 2014, 22:08

Kingfisher Airlines has objected to being identified as a 'wilful defaulter' by state-run UCO Bank, which had sent a notice following non-repayment of a Rs 450 crore loan by the grounded carrier.

MCFL appoints Mallya's step-mother Ritu Mallya as Director

Last Updated: Thursday, December 4, 2014, 17:36

In a filing to the BSE, MCFL said, "... The company's Board of Directors has appointed Mrs Ritu Mallya as a Director of the Company with immediate effect."

Vijay Mallya's exit brings fizz to UB stocks; troubles mount further

Last Updated: Tuesday, December 2, 2014, 21:07

In an irony of sorts, self-proclaimed 'King of Good Times' Vijay Mallya Tuesday saw shares of his various group companies soar higher even as fresh troubles surfaced in form of the group's holding entity being slapped with yet another 'wilful defaulter' tag.