Ub Group

  • Vijay Mallya blames all but himself for Kingfisher woes 03-09-2013 12:11 AM

    Mumbai: Kingfisher Airlines Chairman Vijay Mallya has blamed almost everyone, including engine suppliers, employees, banks and tax authorities, for grounding of the carrier since October last year. In the airline's annual report (2012-13), he also mentions that the company is in talks with a "potential investor". United Breweries (Holdings) Ltd,...
  • Kingfisher Airlines submits plan to restart operations 11-04-2013 08:13 AM

    New Delhi: Grounded Kingfisher Airlines submitted a plan to the Director General of Civil Aviation (DGCA) to restart operations, saying its parent group would provide initial funding and asking for its flying licence to be renewed. Kingfisher, controlled by liquor tycoon Vijay Mallya, who also owns UB Group, was forced...
  • 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...
  • UB Group will fund Kingfisher' revival: Sources 26-10-2012 02:16 PM

    New Delhi: In the latest twist to the Kingfisher Airlines crisis, sources on Friday said that the money to revive the cash-strapped airline will come from Vijay Mallya's UB Group as there is no investor available in the near term. Kingfisher CEO Sanjay Aggarwal met the Directorate General of Civil...
  • 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,...
  • Kingfisher Airlines: What brought it down 22-10-2012 09:17 PM

    New Delhi: So how exactly was Kingfisher Airlines killed? The airline company was Chairman Vijay Mallya's muse. He chose to run it himself, even deciding to interview air hostesses, pilots and other staff members himself. So did this obsession lead to the company's decline? Apart from Mallya, few others were...
  • Kingfisher Airlines denies reports of lay-offs 04-01-2012 06:16 PM

    New Delhi: In a major cost-cutting exercise, private sector air-carrier Kingfisher Airlines is believed to be considering about 2,000 job cuts and longer working hours for its staff, among various options. Kingfisher later issued a statement saying, "Kingfisher Airlines categorically denies news reports appearing in a section of the press...
  • Kingfisher to get $ 47 mn loan from Sahara: report 18-12-2011 08:10 AM

    Mumbai: The Sahara group will give a loan of more than 2.5 billion rupees to cash-strapped Kingfisher Airlines, to help the carrier continue operations, the media reported on Saturday, citing sources. Kingfisher, India's third largest airline by market share, has been struggling to raise funds to continue operations and repay...
  • Kingfisher Airlines seeks funds, concerns persist 19-11-2011 08:11 AM

    Mumbai: Shares in beleaguered Kingfisher Airlines fell as much as 18 per cent on Friday, even as it was in talks with a potential investor and met with lenders in a scramble to shore up its finances. The airline's chairman told the Financial Times that the carrier was close to...
  • Mallya & Co hold discussions with SBI officials 18-11-2011 09:21 PM

    Mumbai: In continuation of efforts to raise funds for beleaguered Kingfisher Airlines, its promoter Vijay Mallya and top officials on Friday held discussions with the State Bank of India officials. The meeting, in which Mallya, UB Group Chief Financial Officer Ravi Nedungadi and Kingfisher CEO Sanjay Agarwal, were present, is...
  • UB group withdraws Harbhajan spoof advertisement 22-07-2011 08:50 PM

    Indian cricketer Harbhajan Singh said the advertisement mocks him and the sikh community. ...
  • UB Group withdraws controversial Bhajji ad 22-07-2011 08:48 PM

    New Delhi: The Vijay Mallya-owned UB Group on Friday decided to withdraw the controversial advertisement which showed Indian skipper Mahendra Singh Dhoni "mocking" at Harbhajan Singh's look-alike, which had prompted the spinner to slap a legal notice against the group. The UB Group said that it has taken a decision...
  • Ad war: Legal notice sent to UB group 18-07-2011 08:50 PM

    Cricketer Harbhajan's lawyers says the Royal Stag advertisement makes a mockery of him and the sikh community. ...
  • Whisky tycoon Mallya named Ambassador of the Year 23-01-2008 07:54 PM

    London: Former captain Kevin Pietersen said on Tuesday that England's decision to opt for three skippers was "fascinating" but added "no-one knows whether it's going to work". England will head into upcoming home series against Sri Lanka and India with separate captains for all three international formats. Andrew Strauss remains...
  • Air Deccan to compete in low-cost space 14-06-2007 10:56 PM

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  • Mallya set to raise Air Deccan fares 12-06-2007 11:21 PM

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