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A $176 billion reality check for Europe’s luxury brands as Middle East tensions hit shoppersA distant war is impacting global luxury sales. Europe's top luxury firms have lost billions in market value. The Middle East, a key growth...- KFA case: CBI quizzes top KFA, UB Group officials for 2nd dayCBI questioned two top former officials of the Kingfisher Airlines and UB Group for the second day in connection with the loan default case...
- Vijay Mallya rejigs executive payrolls as Diageo tightens leashDiageo — now the largest shareholder and keen to improve profitability of USL — insisted on carrying only those who were part of the operat...
- UB Group files complaint with Mumbai police against hoax mailA‘ hoax email’ purportedly from the UB Group, inviting journalists to attend a press briefing to announce a ‘transformational partnership’,...
- PEs like Blackstone, KKR in talks to buy Vijay Mallya's office towers for Rs 650 crorePE investor may acquire Mallya's office real estate, part of the UB City development in the heart of Bangalore, through a structured equity...
- UB CFO Ravi Nedungadi predicted Kingfisher Airlines would be a drain on company's financesUB Group CFO Ravi Nedungadi is the man who had expressed reservations about the foray when Mallya first broached the idea of an airline wit...
- UB Group mulls foreign listing of its liquor assetsUB Group will consolidate its foreign liquor assets under Whyte & Mackay and list the Scottish subsidiary as part of a strategy to overcome...
- Kingfisher Airlines to restore its normal flight schedule in 3-4 monthsKingfisher Airlines, which has reduced its services for past one week, said it would normalize flight schedule in next three to four months.
- UB Group borrows Rs 400 crore from SICOM for KingfisherFour companies linked to Kingfisher and the UB Group have collectively borrowed Rs 400 crore from SICOM, in which the state government hold...
- Vijay Mallya's White House in the sky: First-ever visuals & detailsIn all probability, Mallya will be the only man in Bengaluru who can boast of having a 1-acre parcel of land that's situated in the sky.
- Debt is not a big concern for the company: UB GroupIn a chat with ET Now, Ravi Nedungadi, President & Group CFO, UB Group, gives his views on company's performance and strategies.
- UB planning to raise USD 300-350 mn to reduce debt burdenUnited Spirits, the world's third largest spirits maker by volume, today said it plans to raise around USD 300-350 million to reduce its de...
- United Spirits to raise $300 mn to repay debtThe country largest liquor manufacturer, United Spirits Limited (USL) today said it will raise USD 300 million through various channels to ...
- Four players show interest in buying USL's stake: MallyaVijay Mallya has said four global spirits makers including Diageo, the world's largest, have shown interest in acquiring stake in United Sp...
- Mallya meets Diageo team today for USL stake saleMallya and his senior team will be meeting their Diageo counterparts on Wednesday in New York for the stake sale.
- Mallya meets Diageo team today for USL stake saleMallya and his senior team will be meeting their Diageo counterparts on Wednesday in New York for the stake sale.
- Global buys pushed UB to drag Heineken to courtMallya filed a suit in against Heineken seeking termination of the special rights and privileges granted to S&N under the deal. High-end wh...
- Kingfisher Radio buys 2.95% more in Deccan AviationKingfisher Radio, subsidiary of UB Holdings, has picked up an additional 2.95% stake in low-cost carrier Deccan Aviation, according to an a...
- Kingfisher, Deccan agree to talk mergerThe consolidation momentum in the Indian aviation sector has started rolling again with Deccan Aviation and Kingfisher deciding on an in-pr...
- Mallya may go for 51% in Deccan to fly abroadBuoyed by the response to Air Deccan open offer, UB chairman Vijay Mallya hinted that he may be interested in hiking stake in the low-cost ...
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