United Spirits Ltd

'Paradise Papers' investigation has explored 13.4 million leaked files from offshore law firms and company registries in some secretive countries.

Among losers, Reliance Communications Ltd plunged as much as 9.5 percent to its lowest ever after Moody's downgraded it deeper into "junk" territory.

Last month, Sebi had banned Vijay Mallya and six former officials of United Spirits Ltd (USL) from securities markets in a case related to illegal fund diversions.

Total income from operations grew 6.16 per cent year-on-year to Rs 7,082.22 crore during the quarter under review, as against Rs 6,670.72 crore a year ago, United Spirits said in a regulatory filing.

United Spirits Ltd reported an increase of 15.86 per cent in its standalone net profit at Rs 82.54 crore for the second quarter ended September 30, 2016.

United Spirits Ltd (USL) on Thursday defended the appointment of Price Waterhouse and Company as auditors of the liquor giant, even as opposition came from proxy advisory firm Stakeholders' Empowerment Services, which egged on the shareholders to vote against such a resolution.

United Spirits Ltd (USL) said an additional inquiry into its past financial statements has uncovered actual and potential fund diversions linked to its former chairman Vijay Mallya.

Diageo-controlled liquor firm United Spirits Ltd (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.

Beleaguered liquor baron Vijay Mallya received a pay package of over Rs 1.7 crore last year from his US-based brewery firm that itself is struggling for funds and has been served default notices by lenders.

A consortium of banks led by State Bank of India (SBI) on Wednesday filed counter objections against Vijay Mallya-controlled UBHL's claim of Rs 594 crore from them for compensating the losses incurred by it due to the sale of United Spirits Ltd (USL) equity shares by lenders at a "cheaper rate".

Liquor baron Vijay Mallya's son Sidhartha has quit as a director from the board of United Breweries (Holdings) Ltd, a firm that holds investments in companies such as United Spirits and United Breweries.

The Karnataka High Court on Saturday ordered issue of notice to liquor baron Vijay Mallya, his defunct Kingfisher Airlines and nine other respondents on a petition filed by bankers, including State bank of India, seeking his arrest and impounding of his passport for defaulting on loans.

A consortium of 17 lenders to the long grounded Kingfisher Airlines has decided to move the Debt Recovery Tribunal (DRT) against the airline's chairman Vijay Mallya to stake claim on the $75 million (Rs 515 crore) severance package he will be getting for quitting United Spirits Ltd (USL).

Vijay Mallya, who recently stepped down as chairman of the United Spirits Ltd, said despite his decision he is still Team Principal and Managing Director of Force India.

In September 2014, UBL had acquired brewery assets of Pacific Spirits Pvt Ltd for Rs 105 crore.

'Paradise Papers' investigation has explored 13.4 million leaked files from offshore law firms and company registries in some secretive countries.

Among losers, Reliance Communications Ltd plunged as much as 9.5 percent to its lowest ever after Moody's downgraded it deeper into "junk" territory.

Last month, Sebi had banned Vijay Mallya and six former officials of United Spirits Ltd (USL) from securities markets in a case related to illegal fund diversions.

Total income from operations grew 6.16 per cent year-on-year to Rs 7,082.22 crore during the quarter under review, as against Rs 6,670.72 crore a year ago, United Spirits said in a regulatory filing.

United Spirits Ltd reported an increase of 15.86 per cent in its standalone net profit at Rs 82.54 crore for the second quarter ended September 30, 2016.

United Spirits Ltd (USL) on Thursday defended the appointment of Price Waterhouse and Company as auditors of the liquor giant, even as opposition came from proxy advisory firm Stakeholders' Empowerment Services, which egged on the shareholders to vote against such a resolution.

United Spirits Ltd (USL) said an additional inquiry into its past financial statements has uncovered actual and potential fund diversions linked to its former chairman Vijay Mallya.

Diageo-controlled liquor firm United Spirits Ltd (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.

Beleaguered liquor baron Vijay Mallya received a pay package of over Rs 1.7 crore last year from his US-based brewery firm that itself is struggling for funds and has been served default notices by lenders.

A consortium of banks led by State Bank of India (SBI) on Wednesday filed counter objections against Vijay Mallya-controlled UBHL's claim of Rs 594 crore from them for compensating the losses incurred by it due to the sale of United Spirits Ltd (USL) equity shares by lenders at a "cheaper rate".

Liquor baron Vijay Mallya's son Sidhartha has quit as a director from the board of United Breweries (Holdings) Ltd, a firm that holds investments in companies such as United Spirits and United Breweries.

The Karnataka High Court on Saturday ordered issue of notice to liquor baron Vijay Mallya, his defunct Kingfisher Airlines and nine other respondents on a petition filed by bankers, including State bank of India, seeking his arrest and impounding of his passport for defaulting on loans.

A consortium of 17 lenders to the long grounded Kingfisher Airlines has decided to move the Debt Recovery Tribunal (DRT) against the airline's chairman Vijay Mallya to stake claim on the $75 million (Rs 515 crore) severance package he will be getting for quitting United Spirits Ltd (USL).

Vijay Mallya, who recently stepped down as chairman of the United Spirits Ltd, said despite his decision he is still Team Principal and Managing Director of Force India.

In September 2014, UBL had acquired brewery assets of Pacific Spirits Pvt Ltd for Rs 105 crore.