UNITED BREWERIES

  • Vijay Mallya denies being a 'wilful defaulter', says will pursue legal action September 4, 2014

    New Delhi: Under fire from the court and banks, Kingfisher Airlines Chairman Vijay Mallya has denied allegations that he is a wilful defaulter. He has said that he will take the legal recourse available. He made these comments while attending the United Breweries' Annual General Meeting in Bangalore on Thursday....
  • No end to trouble for Vijay Mallya, United Bank to declare him and Kingfisher Airlines as wilful defaulters September 3, 2014

    Mumbai: In more trouble for Kingfisher Chairman Vijay Mallya, the Supreme Court has refused to entertain his plea against being declared a 'wilful defaulter' by the United Bank of India. Kolkatabased United Bank has set in motion the process that will declare Mallya and his Kingfisher Airlines as wilful defaulters...
  • Karnataka High Court summons Vijay Mallya for non-payment of dues September 16, 2013

    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...
  • Outlook for beer sales good this fiscal: Vijay Mallya September 12, 2013

    Bangalore: A good monsoon augurs well even for sale of beer this fiscal (2013-14) as a buoyant economy would increase demand for hard liquor during the next two quarters, United Breweries Ltd (UB) chairman Vijay Mallya said on Thursday. Though the southwest monsoon, which has been exceptionally good across the country, has...
  • Diageo to acquire 53.4 pc in Mallya's United Spirits November 9, 2012

    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 deleverage itself. It is a winwin situation for both...
  • UB Group records Rs 34.2 cr secondquarter profit November 9, 2012

    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 yearago period. The revenue of the company, part of Vijay Mallyaled UB Group, also rose to Rs 875 crore in the same...
  • Mallya rues display of wealth; takes jibe at rich politicians October 27, 2012

    New Delhi: Liquor baron Vijay Mallya on Saturday said he has learnt the hard way that wealth should not be displayed in India, and that it is better to be a multibillionaire politician in the country. "I have learnt the hard way that in India wealth should not be displayed....
  • Mallya flies in for Indian GP, slams critics October 27, 2012

    New Delhi: Embattled Force India team boss Vijay Mallya made his Indian Grand Prix entrance in combative mood on Saturday, lashing local media for their coverage of his business troubles and grounded Kingfisher airline. The liquor and aviation tycoon, no longer a billionaire according to the latest Forbes list, flew...
  • Mallya loses billionaire tag; net worth down to $ 800 mn October 25, 2012

    New York: Liquor baron Vijay Mallya, often referred to as 'King of good times', has lost his billionaire tag as "bad times" in his aviation business have dragged down his net worth to below the $ 1 billion mark. According to Forbes magazine's India rich list released on Thursday, Mallya...
  • UB beer unit operating without clearance: Govt October 20, 2012

    Bangalore: The Karnataka government on Saturday said it has instructed the State Pollution Control Board to take action against United Breweries which was found to run its beer production unit at Nanjanagud in Mysore district without operational clearance by the Board. Ecology and Environment Minister Sogadu Shivanna, who visited the unit...
  • Diageo to get controlling stake in Mallya's United Spirits October 16, 2012

    New Delhi: Vijay Mallya and senior executives of United Spirits have been in London to finalise the final contours of the deal. A term sheet is ready and is likely to be signed soon, after October 16. There has been buzz for over a month that the deal is close...
  • Mallya may sell RCB stake to escape debt trap July 10, 2012

    Bangalore: After the financial turbulence at Kingfisher Airlines, Chairman Vijay Mallya's United Spirits is looking at reducing its debt and bringing back the good times. It may even sell its stake in its Indian Premier League (IPL) team Royal Challenges Bangalore (RCB). Vijay Mallya's acquisition of the brand White & Mackay...
  • Kingfisher Airlines no longer UB subsidiary May 11, 2012

    Mumbai: Vijay Mallyaled United Breweries (Holdings) on Thursday said that Kingfisher Airlines has ceased to be its subsidiary after the carrier allotted shares against optionally convertible debentures to certain entities. The company said in a regulatory filing to the Bombay Stock Exchange (BSE) that it has a high exposure of over...
  • Mallya may sell UB stake to Heineken: sources March 29, 2012

    Mumbai: Tycoon Vijay Mallya, scrambling to raise funds to rescue his ailing Kingfisher Airlines Ltd, is considering the sale of all or part of his stake in United Breweries (UB), his flagship beer business, to Dutch brewer Heineken NV, said people familiar with the situation. They added that Mallya has the...
  • Mallya's guarantee of Rs 249 cr for Kingfisher December 9, 2011

    New Delhi: Kingfisher Airlines promoter Vijay Mallya has given a personal guarantee of Rs 248.97 crore, besides pledging shares as security against loans taken from various banks, Parliament was informed on Friday. United Breweries Holdings, which Mallya heads, has provided a corporate guarantee of Rs 1,601.43 crore, Minister of State for...
  • Mallya refuses to withdraw Harbhajan spoof ad July 19, 2011

    New Delhi: A day after his company was sent a legal notice Indian cricketer by Harbhajan Singh's legal team, United Breweries (UB) Group Chairman Vijay Mallya has made it clear the advertisement wasn't meant to hurt the player. "It was not meant to attack Harbhajan Singh personally. It was just a...
  • Harbhajan sues UB over ad featuring Dhoni July 18, 2011

    New Delhi: Ahead of the IndiaEngland cricket series, Indian spinner Harbhajan Singh's legal team has sent a notice to the Vijay Mallya's United Breweries group over a television commercial featuring his team captain Mahendra Singh Dhoni. The notice has been sent by Harbhajan's mother Avtar Kaur who said that such commercials...
  • Indian wine set to enter UK market May 16, 2010

    London: Conglomerate United Breweries Group, owned by industrialist Vijay Mallya, plans to export largescale Indian wine to Britain, starting with three brands later this year. The world's secondbiggest spirits manufacturer plans to mimic the successful rollout of its Indian lager Kingfisher by distributing the red and white wines through Indian...
  • Brands rule Lord's '83 celebration, Tricolour missing June 26, 2008

    London: One of the enduring images from India's landmark cricket World Cup win of 1983 is a sea of Tricolour swirling in the English summer breeze at the Lord's. They were carried by droves of ordinary Indian immigrants many from the working class suburb of Southall who had poured...
  • Beer baron Mallya on a takeover high February 20, 2007

    London: After Tata Steel acquired Corus in January, the next mega deals involving Indian companies are expected to be Vijay Mallya's United Breweries taking over whisky major Whyte & Mackay and Apollo Hospitals buying out a string of private hospitals in Britain. After several months of negotiations, Mallya has reportedly agreed...