NSE asks USL to make Vijay Mallya probe report public; company refuses
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".
May 06, 2015, 21:46 PM IST
NSE asks USL to make public fund diversion to Vijay Mallya's UB Group
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.
May 06, 2015, 20:57 PM IST
USL may have to restate a/c; investor groups slam Diageo role
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.
May 03, 2015, 14:59 PM IST
Vijay Mallya escalates war on USL board; Diageo pores over 'contract'
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".
Apr 27, 2015, 22:23 PM IST
UB entities, others under multi-agency scanner
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.
Apr 27, 2015, 20:37 PM IST
Vijay Mallya: From bad to worse for 'King of Good Times'
Things appear to be going from bad to worse for Vijay Mallya, once known as 'King of Good Times', with the board of a company he nurtured into India's largest liquor maker asking him to quit.
Apr 27, 2015, 19:11 PM IST
Vijay Mallya's boardroom battle casts shadow on USL, UB Group shares
Amid a boardroom battle at Diageo- owned United Spirits to oust Chairman Vijay Mallya, shares of the company as also that of various UB Group firms including long-grounded Kingfisher Airlines fell sharply Monday.
Apr 27, 2015, 18:03 PM IST
Will discuss the issue bilaterally with Diageo: Vijay Mallya
Liquor baron Vijay Mallya, who has been asked to quit from the chairmanship of the board of Diageo-controlled United Spirits, Monday said he will discuss the issue bilaterally with the world's largest spirits maker.
Apr 27, 2015, 17:14 PM IST
United Spirits appoints new Finance Head, Company Secretary
These appointments came in the wake of Diageo-owned United Spirits' Board asking its erstwhile promoter and current Chairman Vijay Mallya to quit alleging fund diversion to Kingfisher and other UB Group entities.
Apr 27, 2015, 14:21 PM IST
United Spirits' CFO and Executive Director P A Murali resigns
Liquor firm United Spirits Ltd (USL) today said its Executive Director (ED) and Chief Financial Officer (CFO) P A Murali has resigned from the company.
Apr 23, 2015, 12:53 PM IST
United Spirits shuts down manufacturing unit in West Bengal
Liquor major United Spirits has shut down its manufacturing unit at Hooghly, West Bengal citing space constraints and other operational issues.
Mar 05, 2015, 21:32 PM IST
United Spirits Q3 net profit up 21% at Rs 79 cr
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.
Jan 24, 2015, 17:13 PM IST
USL gets minority shareholders nod for Diageo licensing deal
The company said 76.33 percent of the minority shareholders approved its proposal, a tad over the 75 percent requirement.
Jan 10, 2015, 21:04 PM IST
