Vijay Mallya
Retail
UB gets notice for income tax dues for Kingfisher Airlines
Liquor firm United Breweries Ltd has withheld dividends payable to its beleaguered Chairman Vijay Mallya for the financial year 2015-16 following the directions of Debt Recovery Tribunal.
According to a report in PTI: The board of the company in its...
Retail
Vijay Mallya gets Rs 1.7 crore from US brewery firm
Last year, Vijay Mallya, the beleaguered liquor baron has got a pay package of over Rs 1.7 crore from his US-based brewery firm. The said brewery firm is also struggling for funds and has been served default notices by...
Retail
UB Group to expand capacity of its Goa brewery
Vijay Mallya-promoted United Breweries has got in-principle approval from the Goa government to expand the capacity of its plant in the state by 25 per cent.
The company had proposed to increase its capacity from 0. 75 million cases to...
Progressive Grocer
Heineken boosts UBL stake with Diageo share acquisition
Dutch beer giant Heineken NV has boosted its stake in United Breweries Ltd (UBL), with the acquisition of Diageo-controlled United Spirits Ltd's 3.2 per cent share in UBL for USD138 million (Rs 872 crore). With this buyout, Heineken's stake...
Progressive Grocer
Diageo Acquires 26% Additional Stake in United Spirits for Rs 11,449 crore
Succeeding in its second attempt to gain controlling stake in United Spirits, liquor maker Diageo has acquired an additional 26 percent shares in India's largest alcoholic beverages company for Rs 11,448.91 crore, according to PTI.
UK-based Diageo paid Rs 3,030...
Real Estate / Shopping Centres
Irfan Razack
MD
Prestige Group
Irfan Razack founded the Prestige Group in 1985 and today, the company has completed several million sq. ft. of world-class real estate development across the residential, commercial, retail, leisure and hospitality sectors in cities including Hyderabad, Kochi, Mangalore,...
Progressive Grocer
Say When
The Director General of Paris-based OIV, Dr. Federico Castellucci, recently announced to a group of international journalists in Verona that India had applied for the membership of the august body. This is one of the highlights in the development...
Retail
Sheikhawat quits Spencer’s; to join UB Group
Samar Singh Sheikhawat has put his papers in Spencer's Retail Ltd and is set to join Dr. Vijay Mallya's United Breweries, Bangalore, as a senior vice-president, marketing. Sheikhawat had joined Spencer’s Retail Ltd in March 2006. Sheikhawat, a...
Retail
Govt clears 23 FDI proposals worth Rs 565 cr
The government has cleared 23 foreign direct investment (FDI) proposals, which will bring Rs 564.80 crore into India, including Dubai-based Damas’ plan for retail trading in jewellery and Danone’s plans to re-enter food products space after quitting Britannia earlier...
Retail
Mallya enters high-end retail
Fascinated by the high-end brands entering the country, Vijay Mallya led UB Group, the world's third-largest maker of alcoholic spirits, has entered the business of high-end retail.
The group will hold 55 per cent stake in the Collection, a shopping...
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Latest News
The Luxottica report card for 2022
A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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