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Companies & Markets

The Bengaluru-based company's profit rose to Rs 238 crore in the quarter ended 30 June from Rs 195 crore a year ago

United Spirits Ltd. Reports 17.7% Increase In Net Sales For Q2

Aparajitha Nair

Companies & Markets

United Spirits Ltd. reported its second-quarter results on Friday. The firm’s net sales increased 17.7 per cent, reflecting a strong quarter.

United Spirits Q2 Profit Up Two Folds To Rs 286 Cr

Revenue from operations was up 9.31 per cent to Rs 8,208.8 crore during the quarter under review as against Rs 7,509.4 crore in the year-ago period.

Return $40 Million Given As Part Of Exit Pay: Diageo Tells Vijay Mallya

Companies & Markets Sector Reports Luxury

Diageo has stopped payment of $7 million a year to Mallya as part of the deal and sought compensation for the losses incurred by it

United Spirits Q1 Net Up Over 3-fold To Rs 44 Crore

Diageo-owned United Spirits has reported an over three-fold jump in its standalone net profit at Rs 43.80 crore for the quarter ended June 30, 2016

Fresh Troubles Brewing For Mallya

For Diageo, the legal ground for initiating a case against Mallya in the UK is very strong. After all, fund diversion at the Indian subsidiary ultimately harms the parent company that is based in the UK

Vijay Mallya’s Worst Challenge Now May Be A Diageo Case In UK

Vijay Mallya’s warring partner and UK distiller Diageo could very well drag the fund diversion case that it investigated in its Indian subsidiary to a UK court soon, if legal experts are to be believed

United Spirits Finds Rs 1,225.3 Crore Fund Diversion, Holds Vijay Mallya Liable

In fresh troubles for Vijay Mallya, Diageo-controlled United Spirits on Saturday disclosed fund diversion and improper transactions worth Rs 1,225.3 crore involving entities linked to the embattled former Chairman, including Kingfisher Airlines and his Formula One team

People In The News: Employees First

Economy India

Vijay Mallya has fallen. And so have many along with him. This time United Spirits’ Sanjay Churiwala came close

Probe Brings Warring Partners Closer

The $75-million settlement from USL to former chairman Mallya for stepping down from the post was announced in February

UB Group Denies Kingfisher Loans Funded Offshore Property

Companies & Markets Co Report

Mallya has not disclosed his whereabouts since leaving India, but media reports have traced him to the Hertfordshire village of Tewin, north of London

Heineken Raises Stake In United Breweries To 43 Per Cent

Companies & Markets Co Report

Heineken may ask Mallya, who owes creditor banks more than $1 billion, to step down from the board of United Breweries

Vijay Mallya To Step Down As Sanofi India Chairman

Companies & Markets Co Report

Sanofi India's board has recommended to elect Aditya Narayan as the new chairman of the board after Mallya conveyed his decision not to seek re-election

Vijay Mallya Tweets, 'Did Not Flee, Am An International Businessman'

Companies & Markets

Beleaguered businessman Vijay Mallya, who is facing legal proceedings for alleged loan defaults by his group to the tune of over Rs 9,000 crore, on Friday said he is not an absconder and he will comply with the law of the land

Vijay Mallya Has Left India, Centre Informs SC