Page 4 of United Spirits

United Spirits may phase out unspirited brands

United Spirits (USL) may phase out some of its brands suffering from negative Ebitda margin as the company shifts focus…

June 13, 2015 00:29 IST

Now, MCA, I-T to probe fund diversion at United Spirits

Move comes after company admits huge amounts were diverted by former management to group firms

Updated: May 28, 2015 02:14 IST

United Spirits March quarter loss at Rs 1,799 cr

United Spirits had registered a net loss of Rs 5,380.10 crore in the same period of the previous fiscal.

May 27, 2015 12:12 IST

Minority shareholders unlikely to emerge unscathed from Vijay Mallya’s United Spirits battle

The corporate affairs ministry may also step in as the alleged irregularities amount to violations of various provisions of the…

Updated: May 23, 2015 10:16 IST

United Spirits had a bad time under ‘king of good times’ Vijay Mallya

Under Vijay Mallya, analysts say, USL focused on volumes, not margins. Most major brands didn’t get adequate investments

Updated: May 12, 2015 10:53 IST

Vijay Mallya’s United Spirits refuses to share internal probe details

Stock exchange NSE has asked the company to make public its inquiry report on alleged fund diversion to Vijay Mallya’s…

May 7, 2015 09:17 IST

A graceful, negotiated exit from United Spirits could be Vijay Mallya’s best bet

A negotiated exit would be the optimal solution for Vijay Mallya, the estranged chairman of United Spirits…

Updated: May 7, 2015 15:40 IST

United Spirits may have to restate a/c; Investor groups slam Diageo role

United Spirits Ltd (USL) has demanded ouster of its chairman Mallya, whose UB Group had sold controlling stake in the…

Updated: May 4, 2015 09:35 IST

Vijay Mallya row: Advisory firms call into question auditors’ role

The board wants Mallya to step down after a probe showed that certain transactions between 2010 and July 2013…

April 28, 2015 08:56 IST

Vijay Mallya probe: UB entities, others under multi-agency scanner

Without fixing individual responsibility for the alleged lapses, USL board resolved it has ‘lost confidence’ in Mallya and therefore it…

April 28, 2015 05:37 IST

Will consider USL’s position in light of its agreements with Vijay Mallya, says Diageo

The USL board had resolved to recommend Mallya’s removal to the company’s shareholders in the event of his refusing to…

April 28, 2015 03:31 IST

United Spirits’ shares down 2.5 pct as Vijay Mallya asked to quit board

Shares of United Spirits fell by 2.5 per cent today after Vijay Mallya was asked to quit the board over…

April 27, 2015 16:19 IST

Vijay Mallya escalates war on United Spirits board; Diageo quotes ‘contract’

With United Spirits asking its own chairman Vijay Mallya to quit, the majority owner Diageo today said its “contractual obligations”…

Updated: April 27, 2015 21:35 IST

USL showdown: Long-drawn battle ahead for Vijay Mallya

Amid mounting troubles, UB Group chief Vijay Mallya is likely headed for a long-drawn battle at United Spirits…

Updated: April 27, 2015 05:34 IST

Vijay Mallya says only shareholders can ‘oust’ him from United Spirits

Asked to quit United Spririts’ board, Vijay Mallya struck a defiant note saying he ‘intends’ to continue as its Chairman…

April 26, 2015 16:09 IST

Vijay Mallya Vs Diageo: Sebi to look into disclosure, other lapses

With liquor giant United Spirits asking its own Chairman Vijay Mallya to quit, markets watchdog Sebi and other regulatory agencies…

April 26, 2015 16:04 IST

United Spirits asks Vijay Mallya to step down

The Diageo-led United Spirits (USL) on Saturday asked Vijay Mallya to step down as chairman of the firm…

April 26, 2015 01:08 IST

Diageo asks Vijay Mallya to quit United Spirits board; alleges fund diversion

Alleging fund diversion to Kingfisher and other UB group entities, United Spirits’ new owner Diageo has asked Vijay Mallya…

Updated: April 27, 2015 08:14 IST

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