Mumbai: Morgan Stanley resumes coverage of United Spirits Ltd with an "overweight" rating and a target price of Rs 3,115. The investment bank says new owner Diageo Plc could implement a greater focus on profitable growth for the liquor maker.
Morgan Stanley says United Spirits could also focus on the "prestige" liquor segment, improving margins.
The bank also expects capital efficiencies, reduced leverage, strengthened leadership, and consistent disclosures to boost United Spirits' shares. As of 11.07 am, United Spirits shares were up 4.2 per cent at Rs 2,507.
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11:50 AM, May 22, 2013
Mumbai: Bollywood actor Sanjay Dutt spent his first night after returning to prison reading spiritual books even as Maharashtra Government authorities are yet to decide on keeping him at Arthur Road Central Jail in Mumbai or shifting him elsewhere. The 53-year-old filmstar surrendered before TADA Court on Thursday and was later shifted to the high-security jail in central Mumbai. He has to serve 42 more months in jail after his...
05:33 PM, May 17, 2013
Pramerica spirit of community awards seeks to identify and recognize school children who are doing social service in their free time and making meaningful contributions. ...
11:30 PM, May 05, 2013
Pramerica's Spirit of Community Awards recognizes school children, who are doing a social service in their free time and making a meaningful contribution. ...
07:44 PM, Apr 28, 2013
New Delhi: Spiritual leader Swami Pratibhanand, a suspect in the murder of BSP leader and realtor Deepak Bhardwaj in Delhi, is changing hideouts to avoid arrest, police on Monday said, adding that plots to kill the politician were also made in January and March 2013. A Delhi Police officer said that Pratibhanand, 48, has changed his hideouts in at least seven cities of separate states since March 26, 2013 murder...
05:28 AM, Apr 09, 2013
New Delhi: Delhi Police on Saturday released photographs of a spiritual guru, who is suspected to have given money to shooters, to kill local BSP leader Deepak Bhardwaj. The photographs of Machendranath alias Pratibhanand were released late in the evening. Police said he hails from Beed in Maharashtra and is 48 years old. Purushottam Rana and Sunil Mann, the alleged shooters, had told police that the spiritual guru had given...
03:10 AM, Apr 07, 2013
New Delhi: A land dispute is suspected to be behind the murder of BSP leader and business tycoon Deepak Bhardwaj in New Delhi March 26, 2013, a police source said on Wednesday. The realtor might have been killed in connection with a 30 acre piece of land in Haryana's Bahadurgarh area, the source said. Investigators have launched a hunt for spiritual leader Swami Pratimanand with whom Bhardwaj is believed to...
04:30 AM, Apr 04, 2013
New Delhi: A tantrik raped a woman after giving her some sedatives, police said on Wednesday. The accused was arrested and sent to judicial custody. The tantrik Hira Lal, 54, raped the 23-year-old woman in her house in Delhi's south campus area on Tuesday night on the pretext of freeing her family from being possessed by evil spirits. The accused send the victim's husband outside and raped her while she...
03:05 AM, Apr 04, 2013
Delhi Police have launched a manhunt in Haryana and Uttarakhand for a "spiritual guru" who is suspected to be behind the murder of local BSP leader Deepak Bhardwaj allegedly over a land dispute. Investigators are also on the look out for another associate, believed to be a commercial pilot, of the spiritual guru who is said to have approached alleged shooters -- Purushottam Rana and Sunil Mann -- with the...
11:08 PM, Apr 03, 2013
Investigators have identified the "spiritual guru" who is suspected to have hired shooters for Rs 50 lakh to Rs one crore to kill local BSP leader Deepak Bhardwaj. Sources said they have zeroed in on the spiritual guru following investigations into the details provided by the two alleged sharpshooters Sunil Mann and Purushottam Rana. ...
04:47 AM, Apr 03, 2013
Liquor baron Vijay Mallya has filed a petition in the Bombay High Court against the lenders to his grounded airline Kingfisher for selling a portion of the pledged shares of United Spirits (USL) worth Rs 100 crore, according to banking sources. ...
09:43 AM, Apr 02, 2013
Russia said on Friday that heightened military activity near North Korea was slipping into a "vicious cycle" that could get out of control, implicitly criticising US bomber flights that followed threats from Pyongyang. ...
06:21 AM, Mar 30, 2013
The stealthy, nuclear-capable US B-2 bomber is a veteran of wars in Iraq and Libya, but it isn't usually a tool of Washington's statecraft. ...
04:27 AM, Mar 30, 2013
North Korea has put its rocket units on standby on Friday to attack US military bases in South Korea and the Pacific, after the United States flew two nuclear-capable stealth bombers over the Korean peninsula in a rare show of force. ...
05:49 AM, Mar 29, 2013
Spiritual leader Sri Sri Ravi Shankar lodged a spirited counter attack on Bollywood stars and the film industry at a gathering of followers. ...
11:39 AM, Mar 25, 2013
The Malayalam flick will have superstar Mammootty in a key role. ...
11:37 PM, Mar 19, 2013
Self-proclaimed spiritual leader Asaram Bapu has come under flak for indulging in pre-Holi celebrations wasting tonnes of water even as Maharashtra reels under its worst drought in over four decades. "Water was not misused as claimed by media, we used very less quantity of water. Media has been misguided by an NGO. Our people have not manhandled media," said Asaram. ...
08:07 PM, Mar 18, 2013
Liquor baron Vijay Mallya has been moved out of Forbes' global rich list of 1,226 billionaires, even as the number of Indians in this elite club has grown since last year. With a net worth of USD one billion, Mallya was ranked 45th among 48 Indians on this annual rich list in March 2012, while he was placed at 1,153rd position globally. ...
06:00 PM, Mar 05, 2013
Quirky comedy 'Silver Linings Playbook' dominated the Independent Spirit Awards on the eve of Hollywood's Academy Awards ceremony, winning four prizes including for Best Feature. ...
10:05 AM, Feb 24, 2013
Top officials of Diageo and United Spirits, including its chairman Vijay Mallya, are likely to meet this week to discuss regulatory and other issues related to their proposed $2 billion deal. The transaction -- that would see global liquor major Diageo acquiring majority stake in United Spirits Ltd (USL) -- is yet to receive green signal from fair trade regulator CCI, which is believed to have concerns about possible impact...
12:08 PM, Feb 17, 2013
