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UBI asks Mallya, Kingfisher directors to appear on July 9

Last Updated: Sunday, June 29, 2014, 11:11

UBI was the first among other banks in the country to take such a stern step against the grounded airline.

Sebi seeks clarification on rival bids for Mallya group's MCFL

Last Updated: Tuesday, June 24, 2014, 13:49

UB Group currently holds nearly 22 percent stake in MCFL, but over half of their shareholding is pledged.

United Breweries Q4 Net surges over 11-fold to Rs 68 crore

Last Updated: Wednesday, May 28, 2014, 15:45

The company's net sales rose to Rs 973.9 crore for the fourth quarter as compared to Rs 931.92 crore in the same period of previous fiscal, United Breweries Ltd said in a filing to the BSE

SEBI clears Diageo's open offer worth Rs 11,448.91 cr for USL

Last Updated: Monday, May 26, 2014, 18:59

Global liquor giant Diageo Plc has received market regulator SEBI's clearance for an open offer to acquire additional 26 percent stake in United Spirits Ltd for Rs 11,448.91 crore.

SBI exploring ways to declare Mallya wilful defaulter

Last Updated: Friday, May 23, 2014, 19:26

SBI, which has an exposure of Rs 1,600 crore to grounded airline Kingfisher, on Friday said it is exploring ways to declare Vijay Mallya as a 'wilful defaulter'.

Election 2014: Biz honchos welcome poll results

Last Updated: Friday, May 16, 2014, 14:11

Indian corporates leaders took to twitter to welcome the new government at the centre.

United Spirits' stock down almost 3% on bourses

Last Updated: Monday, May 12, 2014, 22:56

Shares of United Spirits closed almost three percent down Tuesday after the company said it will sell its UK-arm Whyte & Mackay for 430 million pounds (about Rs 4,360 crore) to Philippines-based Emperador.

United Spirits to sell Whyte & Mackay for 430 million pounds

Last Updated: Friday, May 09, 2014, 21:49

United Spirits will sell UK arm Whyte & Mackay for 430 million pounds (about Rs 4,360 crore) to Philippines-based Emperador in a bid to clear a regulatory hurdle related to Diageo's acquisition of the company formerly controlled by Vijay Mallya.

United Spirits stock up nearly 12% on Diageo open offer

Last Updated: Tuesday, April 15, 2014, 17:23

Shares of United Spirits Ltd Tuesday zoomed nearly 12 percent after liquor major Diageo Plc made a Rs 11,448.91 crore offer to public shareholders of the company to acquire an additional 26 percent stake.

Mallya calls for improvement in car for podium

Last Updated: Wednesday, April 02, 2014, 19:38

Sahara Force India have made a solid start to the 2014 Formula 1 season but more needs to be done for the coveted podium finish, said team boss Vijay Mallya ahead of Sunday`s Bahrain Grand Prix.

Federal Bank recovers Rs 10 crore dues from Kingfisher

Last Updated: Tuesday, March 25, 2014, 16:25

The consortium of 17 banks has an outstanding debt of about Rs 7,000 crore from KFA.

Unpredictability factor good for Formula One: Force India

Last Updated: Thursday, March 13, 2014, 20:49

The element of unpredictability that has returned to Formula One with the introduction of rule changes in the 2014 season is great for the sport says Sahara Force India as the team prepare for the season-opening race amidst controversy surrounding one of its owners.