Top officials of Diageo-owned United Spirits are facing an investigation by the Enforcement Directorate under the Prevention of Money Laundering Act for transfer of Rs 4,000 crore by the company in 2007 to its overseas arm based in British Virgin ... Business Standard India, 1 day ago
India's financial authorities turn up heat on former United Spirits chairman - Drinks Business, 5 days ago
Govt rejects CEO, CFO salary proposals of United Spirits - Deccan Herald, 4 weeks ago
Diageo (NYSE: DEO ) has been a major holding of mine for many years. Yet (as I live in Britain) it has always been the London-listed shares that have graced my portfolio. Buying more of the spirits-maker was, therefore, never going to be something ...Seeking Alpha, 3 days ago Diageo Holdings Netherlands files interlocutory application Deccan Herald, 3 weeks ago
Are Diageo plc, British American Tobacco plc and Purplebricks Group plc set to keep beating the FTSE 100?
Over the course of the last year, shares in British American Tobacco (LSE: BATS) have easily beaten the FTSE 100. In fact, while the UK's leading index has fallen by 7%, British American Tobacco is up by 20% and a key reason for this is the ...Motley Fool UK, 4 days ago Research and Markets - United States Tequila Market Report 2016-2020 With Beam Suntory, Brown-Forman, Diageo, Tequila Cuervo la Rojea & The Patron Spirits Company Dominating PR Newswire, 1 week ago European Stock Markets Sink on 'Brexit' Victory on Concerns about Businesses Going Forward Denver Post, 16 hours ago Why are Randgold Resources Limited (+13%), British American Tobacco plc (+4%) & National Grid plc (+1%) bucking the Brexit downtrend? Motley Fool UK, 17 hours ago
In a fresh blow to beleaguered businessman Vijay Mallya, the debt recovery tribunal (DRT) today directed New-York-based JP Morgan Bank not to disburse to him $40 million of the $75-million sweetheart deal struck between him and Diageo Plc. During the ...The Telegraph, 1 month ago Now, JP Morgan bank told not to disburse amount deposited by Diageo in favour of Vijay Mallya India Today, 1 month ago DRT directs Diageo not to disburse $ 40 million to Mallya Money Control, 1 month ago Don't disburse $40 million deposited by Diageo in favour of Vijay Mallya: DRT directs JP Morgan DNA, 1 month ago
According to a deal signed in February with Diageo while exiting United Spirits, Mallya has the first right to buy the properties.DNA, 3 weeks ago Sudhakar Rao steps down as USL's Independent Director Business Standard, 1 month ago United scrip in high Spirits The Telegraph, 1 month ago United Spirits gains after reports Diageo seeks to hike stake in the firm to 72% Business Standard, 1 month ago
the Debt Recovery Tribunal seeking vacating of DRT's March seven order barring liquor baron Vijay Mallya from withdrawing USD 75 million exit buyout by it under a sweetheart deal till the disposal of SBI's case against him over loan default. Other two ...Business Standard, 3 weeks ago Mallya default case : Diageo says DRT has no power to attach $40 million First Post.com, 2 months ago Mallya case: Diageo questions DRT's power to attach money Business Standard, 2 months ago Diageo Plc files objections to SBI memo seeking $40mn deposit Money Control, 2 months ago
Diageo-controlled liquor firm United Spirits (USL) is looking to reduce its debt by up to Rs 2,000 crore in the next two years through various measures that include sale of shares and properties earlier owned by embattled businessman Vijay Mallya. "We are ...Deccan Herald, 3 weeks ago United Spirits plans to reduce debt by Rs 2,000 cr in 2 years Business Line, 3 weeks ago USL to reduce debt by up to Rs 2,000 crore in 2 yrs Money Control, 3 weeks ago
Diageo-owned United Spirits Ltd on Thursday said it has written off Rs 566 crore in connection with recovery of funds that were "diverted" from the company and its subsidiaries to Vijay Mallya-led UB Group firms, including defunct Kingfisher Airlines. USL ...DNA, 4 weeks ago USL writes off Rs 566 cr related to dues from UB Group firms Business Standard, 4 weeks ago MCFL investments in UB group firm may be irregular Rediff.com, 1 month ago
The Debt Recovery Tribunal (DRT) on Friday questioned liquor major Diageo for not yet submitting the specifics of $75 million severance package committed to businessman Vijay Mallya. “In my earlier ruling as well, I had directed the company (Diageo) to ...MSN India, 1 month ago DRT questions Diageo's delay in furnishing dealdetails Business Standard, 1 month ago DRT pulls up Diageo for delaying Mallya severance package details Prokerala, 1 month ago
More from: , Business Standard...and 1 other sources
The enforcement agency is looking to ensure that no big deals or transactions, such as the one Mallya struck with Diageo for Rs 500 crore, take placeBusiness Standard, 1 month ago
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