Ubhl

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Ubhl - Total results - 19
Five more firms come under ED probe for their links with Vijay Mallya; liquor baron used profits for expenses
Business

Five more firms come under ED probe for their links with Vijay Mallya; liquor baron used profits for expenses

Last week, the ED had unearthed an alleged nexus of slush funds being transferred to Mallya by his India-based "close associate" with the help of shell companies.

Enforcement Directorate unearths new shell firms linked to Vijay Mallya; raids his close associate
Business

Enforcement Directorate unearths new shell firms linked to Vijay Mallya; raids his close associate

The man, V Shashikant, was an employee of the Mallya group till February 2017 and worked as an executive assistant to the businessman for about nine years, they said.

Sale of Vijay Mallya's 74 lakh shares in UBHL fetches Rs 1,008 crore; more stake sell-off to follow soon: ED
Business

Sale of Vijay Mallya's 74 lakh shares in UBHL fetches Rs 1,008 crore; more stake sell-off to follow soon: ED

Subsequently, the ED said, the recovery officer of the DRT, Bangalore published a notice early this month for the sale of a total of 74,04,932 shares of UBHL.

Vijay Mallya letter: A desperate bid for an image makeover by the embattled liquor baron; it won’t have many takers
Business

Vijay Mallya letter: A desperate bid for an image makeover by the embattled liquor baron; it won’t have many takers

The release of the two-year old letter, mailed to the prime minister and the then finance minister, has come too late and will unlikely do any good for him.

Kingfisher employees write to PM Narendra Modi, ask why dues owed by Vijay Mallya were given precedence over unpaid salaries
Business

Kingfisher employees write to PM Narendra Modi, ask why dues owed by Vijay Mallya were given precedence over unpaid salaries

Kingfisher Airlines Ltd's (KAL) staffers say founder Vijay Mallya should be punished for his crimes.

ED files fresh charge sheet against embattled ex-liquor baron Vijay Mallya; prepares for fugitive tag
Business

ED files fresh charge sheet against embattled ex-liquor baron Vijay Mallya; prepares for fugitive tag

The ED had last year filed its first charge sheet against Vijay Mallya, now in London, in the alleged Rs 900-crore IDBI Bank-Kingfisher Airlines (KFA) loan fraud case

Market regulator Sebi attaches bank accounts, share, mutual fund holdings of Vijay Mallya's United Breweries
Business

Market regulator Sebi attaches bank accounts, share, mutual fund holdings of Vijay Mallya's United Breweries

The pending dues totalling Rs 18.5 lakh include the initial fine of Rs 15 lakh and interest of Rs 3.5 lakh and a recovery cost of Rs 1,000

Blow to Vijay Mallya: Karnataka HC orders winding up of United Breweries Holdings
Business

Blow to Vijay Mallya: Karnataka HC orders winding up of United Breweries Holdings

Mallya owns a 52.34 percent in United Breweries Holdings Limited.

Vijay Mallya says 'genuine' biz failure turned nightmare for Kingfisher Airlines, blames govt policies
Business

Vijay Mallya says 'genuine' biz failure turned nightmare for Kingfisher Airlines, blames govt policies

"I have been accused of stealing and siphoning off Rs 6,000 crore out of the Kingfisher Airlines without any legal basis, whatsoever," says Vijay Mallya.

Debt-ridden US brewery firm paid Mallya Rs 1.7 crore as salary in 2015
Business

Debt-ridden US brewery firm paid Mallya Rs 1.7 crore as salary in 2015

More than half of Mallya's package for 2015 was paid by California-based Mendocino Brewing Company Inc to him for "promoting" the company's beer brands.

SBI-led consortium seek DRT's direction over Rs 594 cr claim made by Vijay Mallya's UBHL
Business

SBI-led consortium seek DRT's direction over Rs 594 cr claim made by Vijay Mallya's UBHL

The UBHL, in its objections filed in the Debt Recovery Tribunal here on April 5, had contended that the lenders had sold 26 lakh equity shares of United Spirits Limited (USL) pledged to them before maturity

Online petition demanding criminal proceedings against big corporate defaulters goes viral; Mallya's name included
Business

Online petition demanding criminal proceedings against big corporate defaulters goes viral; Mallya's name included

An online petition demanding launch of criminal proceedings against big corporate defaulters like businessman Vijay Mallya has gone viral on social media platform with over 1.10 lakh people signing the plea on technology platform Change.org in this regard.

No respite for Indian banks, but Mallya's craft beer firm brews fresh funding in US
Business

No respite for Indian banks, but Mallya's craft beer firm brews fresh funding in US

In a regulatory filing with the US markets regulator SEC, Mendocino has disclosed having issued a 'promissory note' to Delaware-based Catamaran Services, Inc, in the principal amount of $325,000

Defiant defaulter: Vijay Mallya says only regret is Kingfisher not flying when oil is cheap
Business

Defiant defaulter: Vijay Mallya says only regret is Kingfisher not flying when oil is cheap

Vijay Mallya, widely known as the 'King of Good Times' in his heyday, quit recently as chairman of United Spirits

Diageo's United Spirits embarrassment: Shareholder pact with Mallya is the villain
Corporate

Diageo's United Spirits embarrassment: Shareholder pact with Mallya is the villain

Diageo's nemesis was not over enthusiasm but just plain stupidity in not going over the figures and details with a fine toothcomb

Rude shock for United Spirits: Shareholders reject 9 proposals at EGM
Corporate

Rude shock for United Spirits: Shareholders reject 9 proposals at EGM

The development serves as a setback for the process to integrate United Spirits with its new owner Diageo

Diageo shows Mallya who is boss at United Spirits: Raises default issue, curbs his powers
Corporate

Diageo shows Mallya who is boss at United Spirits: Raises default issue, curbs his powers

Following a reduction in its shareholding in USL, United Breweries (Holdings) Ltd, is no longer entitled to recommend an independent director

Karnataka HC dismisses United Breweries' appeal against winding up plea
Business

Karnataka HC dismisses United Breweries' appeal against winding up plea

The UBHL had filed the appeal against last month's order of Justice Anand Byrareddy admitting BNP Paribas winding up petition on defaults by now grounded Kingfisher Airlines, promoted by UBHL, over unpaid dues of over Rs 200 crore.