Ub

Hearing on winding up Mallya's holding firm adjourned to April 11

The Karnataka High Court on Thursday adjourned the final hearing to April 11 on winding up petitions against United Breweries Holdings Ltd. (UBHL) of liquor baron Vijya Mallya for defaulting on loans to its defunct Kingfisher Airlines

After final goodbye to United Spirits, Vijay Mallya is moving to Britain

Liquor baron Vijay Mallya said that he is moving to Britain to be closer to his children following his dramatic resignation as chairman of United Spirits Ltd and becoming its founder emeritus on Thursday.

More trouble for Mallya: Will a probe unravel mysterious money transfer?

According to a report in the Business Standard today, the order that was passed on 20 December has also sought an investigation into a murky transfer of Rs 4000 crore to tax haven British Virgin Islands before the stake deal happened.

Sensex closes in red; Infosys, TTK Prestige top losers

Reacting to crucial economic data, the Sensex closed at 18658.01 , 146.74 points down (-0.78%) and the Nifty closed at 5676.05, 32.00 points down (-0.56%).

Kingfisher chief Agarwal second-highest paid exec among peers

Air carriers may be flying through rough weathers, but their top executives have got handsome pay hikes, while CEO of crisis-ridden Kingfisher has emerged as the second-highest paid among all his peers at Vijay Mallya-led UB Group.

UB to develop Heineken brand locally

UB will develop brand Heineken to capture five percent of the beer market within 18 to 24 months.