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United Spirits allege irregularities by Mallya-led UB Group, begins move to recover Rs 1,337 cr

Jul 23, 2015

United Spirits allege irregularities by Mallya-led UB Group, begins move to recover Rs 1,337 cr

UK's Diageo group-controlled United Spirits on Thursday alleged irregularities and potential violations of law in diversion of funds by the firm's erstwhile promoter Vijay Mallya-led UB Group and said it is initiating process to recover dues totaling to Rs 1,337 crore. #Business #NewsTracker #Vijay Mallya #UB Group #United Spirits #Diageo Group
YES Bank shares up 3%; bank dispels concerns over exposure to stressed firms

Jul 09, 2015

YES Bank shares up 3%; bank dispels concerns over exposure to stressed firms

Macquarie has maintained outperform with a target price of Rs 1,020 a share for YES Bank #ICICI Bank #Yes Bank #UBS #Macquarie Research #corporate default #stressed loans
IndiGo to file prospectus for $400 mn float next week: sources

Jun 26, 2015

IndiGo to file prospectus for $400 mn float next week: sources

IndiGo has picked Citigroup, Kotak Investment Banking, Morgan Stanley and JP Morgan Chase as lead managers for the listing, as well as UBS and Barclays, two of the sources said. #Morgan Stanley #Aviation #Citigroup #CompanyWatch #IndiGo #UBS #Barclays #JP Morgan Chase #InterGlobe Enterprises #Kotak Investment Banking
Sahara group says it will defend lawsuit on US hotels sale

Jun 25, 2015

Sahara group says it will defend lawsuit on US hotels sale

Last week, the Supreme Court of India set out conditions for release of Sahara chief Subrata Roy and two other executives from the jail and asked the group to make a total payment of Rs 36,000 crore in 18 months. #Business #Sahara Group #Supreme Court #Subrata Roy #UBS #Grosvenor House #plaza #dream downtown #Reuben brothers #JTS Trading Ltd #Trinity White City Ventures
More trouble for Vijay Mallya: MCA, I-T dept to inspect United Spirits accounts

May 28, 2015

More trouble for Vijay Mallya: MCA, I-T dept to inspect United Spirits accounts

A probe had revealed that between 2010 and 2013, funds were diverted from USL and/or its subsidiaries to certain UB Group companies, including Kingfisher Airlines. #Business #Vijay Mallya #Ministry of Corporate Affairs #I-T Department #corporate #UB Group #United Spirits #Anand Kripalu
NSE asks USL to make Vijay Mallya probe report public; co refuses

May 06, 2015

NSE asks USL to make Vijay Mallya probe report public; co refuses

In a fresh twist to the boardroom battle at Diageo-owned United Spirits, stock exchange NSE has asked the company to make public its inquiry report on alleged fund diversion to Vijay Mallya's UB Group, but the liquor maker has rejected the demand citing 'confidentiality'. #NewsTracker #Vijay Mallya #Diageo #UB Group #United Spirits Ltd
Diageo-Mallya spat escalates; emergency meeting of USL shareholders likely

Apr 28, 2015

Diageo-Mallya spat escalates; emergency meeting of USL shareholders likely

Upping the ante to retain Chairmanship at United Spirits, embattled Vijay Mallya today 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". #PwC #Vijay Mallya #Diageo #UB Group #USL
Kingfisher debacle to United Spirits row: Charting out the great fall of Vijay Mallya

Apr 27, 2015

Kingfisher debacle to United Spirits row: Charting out the great fall of Vijay Mallya

Over the last few years, Mallya has been battling the banks which have been going after his assets, for all the debt that is unpaid. To conclude, Mallya has always been too busy living his flamboyant lifestyle and that seems to have caught up with his businesses in the end. #Kingfisher Airlines #Vijay Mallya #UB Group #United Spirits