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United Spirits set to cut 100 jobs to curb costs, streamline operationsUnited Spirits is cutting around 100 jobs in India as part of parent Diageo's global cost-saving drive. This significant workforce reductio...- Cupid Breweries to acquire United Spirits' alcobev unit in Odisha for Rs 22.5 croreCupid Breweries and Distilleries will acquire an operational alcoholic beverage manufacturing unit in Odisha from United Spirits Limited. T...
- Bay Area soccer clubs hope World Cup spotlight sparks local growthThe World Cup is coming to the U.S. and fans in the San Francisco Bay Area anticipate increased interest in local soccer. Oakland Roots and...
- Diageo India bets big on premium demandDemand for premium alcohol in India remains robust despite global challenges, says Diageo India's managing director Praveen Someshwar. Howe...
- Stocks in news: HAL, TMPV, Bharti Airtel, Anant Raj, Zydus Life, Tata MotorsIndian markets experienced a volatile yet stable session after a sharp sell-off, with the Nifty showing resilience. Key companies like HAL,...
- Ready to reduce non-essential travel: Companies open to making WFH work, againIndian companies are responding to the Prime Minister's call for work from home and reduced travel. Many firms are already offering hybrid ...
- USL extends deadline for strategic review of its liquor brands till May 31"The strategic review of selected popular brands initiated by the company on February 23, 2021 to consider all options to deliver sustainab...
- USL’s March quarter profit jumps six-fold to Rs 167 croreUSL said it would not be immune to the volatile environment amid the second wave, but would remain focused on building the long-term health...
- USL seeks to recover Rs 1.8k crore from United BreweriesUSL had loaned to various UB group companies and all these loans had been consolidated under UB Holdings which has been acknowledged by the...
- USL licenses economy brands to local bottlersUSL has struck deals with local bottling chieftains like Tilak Raj Sharma for Rajasthan and Chhattisgarh, Ponty Chadha family in Uttar Prad...
- Unaware of United Spirits’ additional enquiry, says Vijay MallyaThen USL was controlled by the UB Group. In July 2013, Mallya sold a controlling stake to Diageo, which later increased its holding to 55 p...
- With Vijay Mallya's exit, USL can get down to business nowAnalysts said that USL will now be insulated from any legal challenges arising out of Mallya’s defaults with banks, which will actually bri...
- Buy USL Ltd with a target of Rs 3,300: Mitesh Thacker'USL Ltd is a 'BUY' call with a target of Rs 3,300 and a stop loss of Rs 3,140'
- Could lose title to 1 crore shares of USL worth Rs 3K crore: Diageo"Diageo believes it would remain in control of USL and be able to consolidate USL as a subsidiary regardless of the outcome of this litigat...
- Diageo-owned USL sells its entire stake in United Breweries to Heineken for Rs 872 croreUSL said on Tuesday that it is exiting all non-core investments having sold 85 lakh shares, or 3.21%, for Rs 872 crore in a block trade.
- Vijay Mallya gets shareholders' nod to continue as USL chairmanMallya has been re-elected as non-executive director and chairman of United Spirits at the annual general meeting of the liquor major.
- Verdict on USL-Diageo deal on or before Nov 25: UK’s OFTThe verdict from the OFT is quite important as it will decide the further course of action relating to sale and future of USL’s fully-owned...
- Diageo portfolio integration to make USL more powerful: Vijay Mallya"USL has embarked upon premiumisation policy with focus on premium brands where we achieved strong double-digit growth that will mitigate."
- USL to be profit-positive in 6 years, says Agnes Bota of DiageoBota further confirmed that group firm United Breweries is a non-core investment and the new investor (Diageo) would want to focus only on ...
- USL plans to take Brits on a high with rituThe traditional British custom of ‘beer and a curry’ could soon have to face a cultural shift. United Spirits Limited (USL) hopes to lure B...
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