Diageo

The CEO of Diageo's Indian business has been summoned by Delhi police's anti-corruption unit investigating billing and discount practices involving government agencies running liquor retail shops between 2017 and 2020, Reuters reported.

The government has ordered 4,000 army shops in the country to stop buying imported goods, according to a document reviewed by news agency Reuters, a move that could send an unwelcome signal to foreign liquor firms such as Diageo and Pernod Ricard.

Walmart's e-commerce platform Flipkart has partnered with a startup backed by spirits giant Diageo to deliver alcohol in two Indian cities, according to government letters seen by Reuters, months after Amazon planned a similar foray.

Flipkart's customers will be allowed to access the startup HipBar's application on the e-commerce giant's platforms.

On Tuesday, the company reported an 8.4 per cent drop in organic sales for the year ended June 30

The move is seen as part of Prime Minister Narendra Modi's "vocal for local" campaign in which he has called for promotion of indigenous products.

Diageo, the maker of Johnnie Walker whiskey and Tanqueray Gin, currently owns about 56 per cent stake in United Spirits after slowly building it up over several years

Over and above the $135 million, Vijay Mallya is liable to pay interest incurred at a commercial rate as well as 200,000 pounds towards legal costs.

Even as Vijay Mallya renewed an appeal against his extradition to India, the liquor tycoon suffered another legal setback on Friday in a separate USD 40-million claims case brought by British liquor giant Diageo plc in the UK High Court.

Liquor giant Diageo is launching a limited edition Johnnie Walker Black Label Scotch in America. Called Jane Walker, the bottle will not feature Johnnie but a striding, top-hatted woman named Jane instead and Twitter was divided over what they felt about the new logo and the idea behind it.

Weeks before a London extradition hearing, Vijay Mallya faces a second legal battle after Diageo Plc sued to recover a $40 million payment made when he was ousted from United Spirits Ltd. last year.

Citing violation of the agreement by Vijay Mallya, Diageo has also ruled out the future instalments to him, saying "it was not liable to pay such amount."

Diageo said the deal includes an initial consideration of $700 million and up to another $300 million depending on performance over 10 years.

The Supreme Court has directed the Union Home Ministry to "secure and ensure" the presence of embattled businessman Vijay Mallya, who is currently in the United Kingdom, before it on July 10 for the hearing on the quantam of punishment for contempt of court. The top court has held Mr Mallya guilty of contempt of court for disobeying its orders by n...

Business tycoon Vijay Mallya, whose defunct-Kingfisher Airlines owes over Rs 9,000 crore to various banks, has once again offered to settle with the lenders.

The CEO of Diageo's Indian business has been summoned by Delhi police's anti-corruption unit investigating billing and discount practices involving government agencies running liquor retail shops between 2017 and 2020, Reuters reported.

The government has ordered 4,000 army shops in the country to stop buying imported goods, according to a document reviewed by news agency Reuters, a move that could send an unwelcome signal to foreign liquor firms such as Diageo and Pernod Ricard.

Walmart's e-commerce platform Flipkart has partnered with a startup backed by spirits giant Diageo to deliver alcohol in two Indian cities, according to government letters seen by Reuters, months after Amazon planned a similar foray.

Flipkart's customers will be allowed to access the startup HipBar's application on the e-commerce giant's platforms.

On Tuesday, the company reported an 8.4 per cent drop in organic sales for the year ended June 30

The move is seen as part of Prime Minister Narendra Modi's "vocal for local" campaign in which he has called for promotion of indigenous products.

Diageo, the maker of Johnnie Walker whiskey and Tanqueray Gin, currently owns about 56 per cent stake in United Spirits after slowly building it up over several years

Over and above the $135 million, Vijay Mallya is liable to pay interest incurred at a commercial rate as well as 200,000 pounds towards legal costs.

Even as Vijay Mallya renewed an appeal against his extradition to India, the liquor tycoon suffered another legal setback on Friday in a separate USD 40-million claims case brought by British liquor giant Diageo plc in the UK High Court.

Liquor giant Diageo is launching a limited edition Johnnie Walker Black Label Scotch in America. Called Jane Walker, the bottle will not feature Johnnie but a striding, top-hatted woman named Jane instead and Twitter was divided over what they felt about the new logo and the idea behind it.

Weeks before a London extradition hearing, Vijay Mallya faces a second legal battle after Diageo Plc sued to recover a $40 million payment made when he was ousted from United Spirits Ltd. last year.

Citing violation of the agreement by Vijay Mallya, Diageo has also ruled out the future instalments to him, saying "it was not liable to pay such amount."

Diageo said the deal includes an initial consideration of $700 million and up to another $300 million depending on performance over 10 years.

The Supreme Court has directed the Union Home Ministry to "secure and ensure" the presence of embattled businessman Vijay Mallya, who is currently in the United Kingdom, before it on July 10 for the hearing on the quantam of punishment for contempt of court. The top court has held Mr Mallya guilty of contempt of court for disobeying its orders by n...

Business tycoon Vijay Mallya, whose defunct-Kingfisher Airlines owes over Rs 9,000 crore to various banks, has once again offered to settle with the lenders.