Why ub group

As flights got disrupted, Kingfisher sank further. Despite the government allowing foreign direct investment FDI in aviation in September , there was no hope for Kingfisher.

The firm shut operations till late November and its licence was suspended by the government. Never miss a story!

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Subscribe to Mint Newsletters. Internet Not Available. Wait for it… Log in to our website to save your bookmarks. Yes, Continue. The brewer has challenged the capital gains tax demand over acquisition of SAB Miller. Election will overlap with the IPL and the summer months, which have traditionally boosted demand for beer in the country.

British spirits maker writes to ED; agency says court will take call. Also wants first go at attached shares in Watson. ED wants to sell the shares to get maximum value, rather than waiting until Mallya gets extradited to India. UBS seeks an order for possession against the three family members and an order for payment of the sum due against Rose Capital Ventures Limited.

The judge also expressed his displeasure at the way Mallya's defence team had conducted itself during the case, which meant avoidable delays for the court. Despite elections, strong single digit volume growth will continue for alcohol industry, says UB MD.

Officials at brands which Virat Kohli endorses had mixed reactions to his comments. Some said it was an emotional outburst while others expressed disappointment. Have you read these stories? Def Min formally lifts ban on Italian firms Updated: Nov 14, , ET NOW. Brand Solutions. Video series featuring innovators. ET Financial Inclusion Summit. Malaria Mukt Bharat. Beyond the rumoured 'political asylum' application he is supposed to have filed in Britain, failing which he will be extradited to India for a sure-fire jail term, Mallya has other worries.

This relates to his last vestige in the world of business. The buzz is that Mallya could well be removed from his chairman post at United Breweries UB when its annual general body meeting AGM gets underway soon. This could mean the end of the road in Indian business for the flamboyant Mallya who, till less than a decade ago, had anointed himself in an a la desi 'Richard Branson' avatar to take to the skies straddling businesses ranging from liquor to aviation with a side detour even into politics.

But the vagaries of politics and business, and the often invisible but precarious crossroads of the two saw him instead crash down to the ground — the tail dive of his Kingfisher Airlines and its debt trap was enough to have a lethal domino effect on the Vijay Mallya 'brandwagon'. The Bengaluru tycoon himself had to flee to the UK to escape the wrath of the law enforcement agencies, a fight that continues to play out in the British courts. UB is the absolute market leader in beer and brewing in India, with its iconic brand 'Kingfisher' recognised the world over.

And, despite being away from the country and not involved in running the business on a day-to-day business, Mallya remains, on paper, the 'chairman for life' at UB.