Shareholders of Union Bank of India approved the bank's proposal for raising up to Rs 6,800 crore equity capital to fund business growth
United Spirits Ltd (USL), a part of global liquor giant Diageo, on Thursday appointed Hina Nagarajan as the company's new CEO with effect from July 1, 2021. Incumbent Anand Kripalu will step down on June 30. Nagarajan is currently the managing director of the Africa Regional Markets (ARM) at Diageo and will join USL as the CEO-Designate from April 1, the company said, adding she will take over formally from July 1 and will be a member of the Diageo Executive Committee. She will report to John Kennedy, the president of Diageo Europe and India. Nagarajan will be based in Bengaluru and will work closely with Kripalu to ensure a smooth transition, the company said. In her current role, she leads Diageo's ARM comprising operations in Ghana, Cameroon, Ethiopia, the Indian Ocean, Angola and several other countries. Before joining Diageo, she was MD China & SVP North Asia with RB (Reckitt Benckiser). She has over 30 years of experience and held several senior marketing and general ...
Higher in-home consumption and premiumisation to benefit the Diageo-owned company
United Spirits Ltd on Friday said its Executive Director and Chief Financial Officer (CFO) Sanjeev Churiwala will be elevated at its parent Diageo as Regional Finance Director APAC
Management believes worst is behind, but analysts say recovery will be tough
Shares of United Spirits Ltd on Monday settled at Rs 590.90 apiece on the BSE, down 1.36 per cent from the previous close
Loss of peak season sales suggests tough recovery
Loss of business in peak season, higher consumption cost and lower shelf life to make recovery tougher than United Spirits
Markets regulator Sebi on Tuesday imposed a penalty totalling more than Rs 3 crore on three persons for insider trading activities in the shares of United Spirits Ltd.
Today, a total of 21 companies, including Dabur India, Sun Pharma, and United Spirits are scheduled to announce their results.
If the trading volumes shrink and the market is failing to reflect the true value of the counter in the price, the listed entity may find it to be very difficult to raise equity capital, analysts say.
Diageo, the maker of Johnnie Walker whiskey and Tanqueray Gin, currently owns an about 56% stake in United Spirits after slowly building it up over several years
From providing meals and masks to funding medical equipment, it is time to let the work speak for the brand, say experts
On a weekly basis, both Sensex and Nifty gained nearly 4 per cent each
The stock has surged 11 per cent thus far in the month of February against 1 per cent rise in the S&P BSE Sensex
Profit before tax (PBT) for Q3 December 2019 stood at Rs 314 crore, up by 8.2 per cent against Rs 290.30 crore in Q3 December 2018
Investors should await signs of margin improvement and volume uptick, especially in the Prestige-and-above segment before considering investment in USL
Be it the US or the UK, alcohol is regulated and taxed heavily in many parts of the world, but not as minutely regulated as it is in India, says Kripalu
Relay BV is a promoter entity of United Spirits
Nifty outlook and top trading ideas by Jay Anand Thakkar, CMT - Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers.