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United Spirits News
United Spirits shares soar nearly 8 pc after Q2 results
Thu, Nov 01, 2018
Shares of United Spirits Thursday soared nearly 8 per cent after the liquor major reported a 68.97 per cent jump in standalone net profit for the quarter ended September 2018.
Top 5 stocks in focus on June 26: Varroc Engineering, Siemens to United Spirits, here are 5 newsmakers
Tue, Jun 26, 2018
On Monday, June 25, 2018, the Indian markets closed in red, but there were certain stocks that made news on the day and their impact will likely be seen during trade on June 26, 2018. The stocks that are in news today, Varroc Engineering, Midcap Public Sector Banks and ICICI Bank, can display some positive or negative impact on the market June 26, 2018.
Top 5 stocks in focus on June 7: From HCL Infosystems to United Spirits, here are the newsmakers
Thu, Jun 07, 2018
From HCL Infosystems to United Spirits a number of stocks have come in the news on Thursday and they may go through some positive or negative impact in the market today. Here are the stocks that are in news on June 7, 2018:
Top 5 stocks in focus on June 6: United Spirits, ADF Foods, CG Power, HCL Tech and Glenmark Pharma
Wed, Jun 06, 2018
United Spirits, ADF Foods, CG Power, HCL Tech and Glenmark Pharma are stocks that have come in the news on Wednesday. They may have some positive or negative impact on the market. Here are the stocks that are in news on June 6, 2018:
Maharashtra to be worst hit by highway liquor ban; Rs 7000 crore revenue hit
Mon, Apr 03, 2017
The Supreme Court’s decision to ban sale of liquor near all highways, which began on April 1, will impact the state of Maharashtra the most with approximately Rs 7,000 crore revenue hit, Bloomberg report on Monday quoted a CLSA report.
United Spirits fall 2% as CLSA downgrades its outlook to 'sell'
Thu, Mar 16, 2017
As per CLSA, the ongoing regulatory hurdles in the state of Karnataka over liquor business is also one of the reason for the revision in United Spirits ratings.
Infosys Row: Sebi's chairman U K Sinha says will not spare anyone if found guilty
Fri, Feb 17, 2017
Sebi chairman U K Sinha on Friday said that the regulator in Infosys case will not spare any violations irrespective of whether the entity found guilty is big or small.
Vijay Mallya plays 'innocence' card, talks of 'witch-hunt'
Fri, Jan 27, 2017
Kingfisher Airlines owner Vijay Mallya has claimed "innocence" in the alleged funds diversion case related to his airline company.
Vijay Mallya's sweetheart deal: Sebi may order payout for small investors
Thu, Jan 26, 2017
Market regulator Sebi is likely to order additional payout to small investors by way of a fresh open offer in loss to minority shareholders of United Spirits promoted by Vijay Mallya and new owner Diageo.
Vijay Mallya barred: Diageo says Sebi's order on United Spirits 'misconceived'
Thu, Jan 26, 2017
Diageo said, "Diageo is clear that the Watson backstop guarantee arrangements were not part of the price paid or agreed to be paid for any USL shares under the Original USL Transaction and therefore believes the decision in the SEBI notice to be misconceived and wrong in law and has appealed against it before the Securities Appellate Tribunal, Mumbai (SAT) on 29 July 2016."
Vijay Mallya hits out at Sebi, CBI; says Kingfisher Airlines was a 'great public utility'
Thu, Jan 26, 2017
Securities and Exchange Board of India (Sebi) on Wednesday barred Vijay Mallya from accessing stock markets in India or holding a director's position in any company in the country. Mallya retorted by saying that he is "kind of" getting used to these witch hunts.
Liquor shares drop on SC order to ban alcohol shops on highways
Thu, Dec 15, 2016
Shares of liquor companies dropped as Supreme Court moved to ban alcohol shops along national and state highways on Thursday. The court said that the existing liquor licenses will lapse on April 1, 2017.
Indian firms' profit margins fell from 20% to 14% in eight years
Mon, May 30, 2016
While corporate ROE has been in decline since 2008, it now appears to be stabilising at around 15%.
United Spirits to sell Vijay Mallya's properties, shares to reduce debt
Sun, May 29, 2016
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.