Diageo

  • Karnataka High Court summons Vijay Mallya for non-payment of dues 16-09-2013 02:48 PM

    Bangalore: In more trouble for the beleaguered Kingfisher boss Vijay Mallya, the Karnataka High Court has summoned him to the court on Tuesday. He has been summoned in relation to a case of the creditors of the Kingfisher group like BNP Paribas, Rolls Royce, and others. The companies had filed...
  • Radico Khaitan: A major success in the Indian spirits industry 26-07-2013 02:06 PM

    In business, it helps to keep your ears to the ground. For Abhishek Khaitan, that meant doing the rounds of pubs. He had his first 'eureka' moment while pub-hopping in Bangalore. Even as he was studying for an engineering degree in the garden city, the family's distilling and bottling business...
  • Morgan Stanley resumes United Spirits at 'overweight' 22-05-2013 11:50 AM

    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...
  • Diageo appoints IIM-A alumnus Ivan Menezes as its next CEO 07-05-2013 05:40 PM

    London: British liquor giant Diageo has appointed Indian-origin Ivan Menezes as its next chief executive officer. The Britain-based, world's biggest spirits group and maker of brands like Smirnoff vodka, Johnnie Walker scotch and Guinness beer, said in a statement on Tuesday that Menezes would take over as CEO with effect...
  • Diageo deal could pull Kingfisher from the brink 14-11-2012 07:11 PM

    Mumbai/Delhi: Liquor baron Vijay Mallya's $2.1 billion deal to sell a stake in United Spirits could throw a lifeline to his grounded Kingfisher Airlines, although pulling the carrier back from the brink will not be easy. The flamboyant "King of Good Times" is keeping his plans to himself for now....
  • United Spirits shares jump on Diageo deal 12-11-2012 11:56 AM

    Mumbai: Shares of United Spirits Ltd jumped as much as 21 per cent on Monday to a two-year high after several brokerages upgraded the stock, saying the Indian liquor company sold a stake to Diageo at a higher-than-expected price. Morgan Stanley raised its rating on United Spirits to 'overweight' from...
  • India @ 9 with Bhupendra Chaubey 09-11-2012 11:47 PM

    India Against Corruption activist-turned-politician Arvind Kejriwal on Friday targeted several top Indian business groups and a Congress MP, alleging that they had stashed black money worth several hundred crores in the HSBC Bank in Geneva, Switzerland. He claimed that a senior Congress leader gave him the details about the black...
  • News 360: Arvind Kejriwal targets corporate czars, Congress MP 09-11-2012 10:23 PM

    Activist-turned-politician Arvind Kejriwal on Friday alleged that Rs 6,000 crore in black money was stashed away in 700 HSBC accounts in Geneva, Switzerland. ...
  • Diageo to acquire 53.4 pc in Mallya's United Spirits 09-11-2012 02:30 PM

    New Delhi: Vijay Mallya owned United Breweries on Friday signed a $2 billion deal with Diageo group and sold controlling stake of 53.4 per cent in United Spirits Limited (USL). Announcing the deal, Mallya said, "The cash infusion will help USL de-leverage itself. It is a win-win situation for both...
  • UB Group records Rs 34.2 cr second-quarter profit 09-11-2012 09:40 AM

    Mumbai: United Breweries Ltd on Friday posted a net profit of Rs 34.2 crore for the second quarter ended September 30, as against Rs 19.5 crore in the year-ago period. The revenue of the company, part of Vijay Mallya-led UB Group, also rose to Rs 875 crore in the same...
  • Diageo to buy stake in Mallya's USL for $ 1 bn 09-11-2012 09:00 AM

    New Delhi: Vijay Mallya-owned United Breweries has reached a deal with the world's largest producer of spirits Diageo and the deal close to a billion dollars is expected to be announced on Friday. Diageo is likely to take the management control post the deal, while Mallya will continue to remain...
  • USL stake sale: UB Group, Diageo reach agreement 08-11-2012 08:21 PM

    New Delhi: The UB Group and Diageo have finally agreed to sign a term-sheet for the United Spirits Limited stake sale on Friday. Sources say that Diageo will likely take management control of the USL. However, Vijay Mallya will remain the chairman of the USL, post the UB Group-Diageo deal....
  • Mallya will not sell 'family silver' for Kingfisher 28-10-2012 06:12 PM

    Greater Noida: Liquor baron Vijay Mallya does not have to do a deal with UK drinks giant Diageo and will not sell prized assets to rescue his grounded Kingfisher airline, he told Reuters at the weekend. Speaking in his office at Force India, the Formula One team he co-owns, the...
  • Management control, competition norms hit USL-Diageo deal 23-10-2012 09:20 PM

    New Delhi: Vijay Mallya's quest to raise funds seems to have hit a speed breaker. Sources say that the United Spirits Limited-global spirits company Diageo deal has hit a roadblock over issues related to management control. According to sources there are two important issues that have to be clarified. First,...
  • So you think you can mix a killer cocktail? 06-04-2011 04:38 PM

    Mumbai: Do you enjoy concocting and serving drinks? Here's some good news for you - this entertainment hub of India will host the finale of Diageo Reserve World Class where bartenders and mixologists from 38 other countries will be put to test through a series of challenges. To be held...