USL management rejig, board changes to fix legacy issues: MK S...

Faith in the innate genius of Indian entrepreneurship was top of mind at the country's de facto startup summit, as celebration of success and optimism about the future presented an interesting contrast to the more sombre prevailing narrative. The ...

The Nitish Kumar government' smove to impose a total ban on consumption of alcohol in Bihar has left liquor manufacturers high and dry. It has not been long when Kumar made desperate bids to woo brewers, persuading them to invest in the state. ...

MUMBAI: Carlsberg India Chief Executive Officer Michael Jensen throws up his hands at the capricious nature of India's business environment and the way in which politics can transform fortunes in a snap. "India is the most difficult market in the ...

United Spirits (USL) will monetise non-core assets including treasury shares, properties and smaller non-core companies and use the proceeds to pare debt United Spirits, United Spirits revenue, United Spirits growth, United Spirits profit, United ...

fe Bureau Bengaluru, July 26 United Spirits Ltd (USL), India's largest alcoholic beverages maker, on Tuesday reported a 267% rise in standalone net profit at R44 crore for the quarter ended June. Its net profit stood at R12 crore in the ...

United Spirits wants to align its resources to meet its goals of becoming a trusted and respected consumer goods company. United Spirits Ltd (USL), majority owned by British liquor major Diageo, will do away with 300 jobs by making these roles redundant and by removing under-performers as part of a restructuring exercise in the company.  USL, India’s largest spirits maker, has around 5,000 people on its rolls and an equal number with its partners across the country.  The ...

In mounting troubles for embattled Vijay Mallya, markets regulator Sebi has stepped up its probe into alleged fund diversion from his erstwhile listed group firms to other entities, including some abroad and his various sport ventures. With the latest ...

A day after United Spirits disclosed Rs 1,225 crore fund diversion by the erstwhile promoters to entities linked to Vijay Mallya, the embattled businessman today said all transactions were "legal and above board" and the company was now making "unfounded ...