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LIVE: Rebound Seen In Nifty & Sensex; Indigo & Bata in focus | Closing Bell

Indian markets staged at a comeback in the second half of the session after erasing early gains. Nifty and Sensex are back in the green with Nifty reclaiming the 18,200 mark. Mid and smallcap indices were under pressure. Nandita Khemka & Yatin Mota discuss the newsmakers on their radar including Integlobe Aviation (Indigo), Bata India and PNB Housing Finance only on Closing Bell

Market Live: Time to buy SBI post strong Q4? Street verdict on ITC; IndiGo, USL & Zomato in focus

Nifty clocked a 3-day losing streak to end below the 18,200 mark yet again. Key indices succumbed to selling pressure dragged by Divi’s Lab, SBI & ITC in late trade. Will the index manage to stage a comeback today? What’s the street verdict on both the stocks post Q4 earnings and why did SBI shares come under pressure after declaring the numbers? Neha Dave of Moneycontrol Pro decodes the way forward for the stock. We discuss the cues for trade and a whole host of stocks like IndiGo, United Spirits, Zomato etc with Raja Venkatraman of NeoTrader. Watch!

Markets are waiting for any sign of improvement to put more money in: Prakash Diwan

The veteran investor said that pockets of value will begin to emerge. He is highly optimistic about the USL slump sale

Anand Kripalu to step down as United Spirits CEO; Hina Nagarajan to be next chief

Nagarajan has led operations in Ghana, Cameroon, Ethiopia, the Indian Ocean, Angola and several other countries since joining Diageo in the summer of 2018.

SC to hear Vijay Mallya's loan default case on Monday

The Supreme Court today will hear Vijay Mallya‘s loan default case. Earlier, a special CBI court had issued a non-bailable warrant against Mallya in the loan default case after the investigative agency moved an extradition plea against the liquor baron.

Diageo to finalize plans on USL open offer this week: Sources

Diageo's global management team in India will take stock of its operations in India. Diageo CEO Ivan Menezes will meet bankers on the contours of USL's open offer.

SEBI investigating transactions in UB-Whyte & Mackay deal: Srcs

The latest investigation is into the UB-Whyte & Mackay (W&M) deal, sources say. The market regulator is looking at loans transferred by the UB Group to W&M in foreign currency.

What govt is doing to avoid another Vijay Mallya-like case

MM Kumar, President of the National Company Law Tribunal, said the stringent law will put people involved in default to task.

USL to review every fund diversion to Mallya group firms

Diageo group firm United Spirits Ltd is undertaking a 'detailed review' of each case of fund diversions and improper transactions worth Rs 1,225.3 crore involving entities linked to its embattled ex-Chairman Vijay Mallya, including Kingfisher Airlines and his Formula One team, to assess its legal position to recover them.

ED attaches Vijay Mallya's assets worth Rs 6,630 cr

The agency had recently expanded the probe in this regard as it took over investigation into the alleged loan default of Rs 6,027 crore availed from a consortium of nationalised banks led by SBI, a case also taken over by CBI recently. The fresh action is an aftermath of the new case.

Inside GST there is a larger transparency: USL's chief advisor

Speaking to CNBC-TV18 Amrit Kiran Singh, Chief Advisor for USL & Diageo, said alcohol is the second largest contributor to a state‘s revenue.

Govt rejects CEO, CFO salary proposals of United Spirits

The company, which had got shareholders' approval in September 2014 for remuneration of the two top executives, said in a regulatory filing it has approached the government to reconsider the decision and approve its proposal.

SBI-led consortium files counter to UBHL claim of Rs 594 cr

The UBHL, in its objections filed in the Debt Recovery Tribunal here on April 5, had contended that the lenders had sold 26 lakh equity shares of United Spirits Limited (USL) pledged to them before maturity.

Mallya's Golden Handshake

USL seeks shareholders' nod to guarantee PDL's Rs100cr loan

The company said its Board of Directors had on November 2 approved a decision of "providing corporate guarantee" for the financial assistance of Rs 100 crore that Pioneer Distilleries is seeking from the bank to be used for funding capacity expansion and for other capital needs.

USL AGM Voting Outcome!

United Spirits' AGM: Chmn Mallya's fate hangs in balance

Though Mallya will chair the AGM in all probability, it is learnt that Diageo is evaluating its contractual obligation with him.

Here's why metal stocks, Wipro, Max India are in limelight

Stocks likely to be in the limelight are: Vedanta, Hindalco Industries, USL, Bosch, Gammon India, Wipro, Lanco Infratech, Pfizer, Allergan, Max India.

Will Mallya Chair USL AGM?

Alcoholic Beverages - Sector Update by ICICIdirect.com

United Spirits (USL) has decided to completely sell its existing holding in United Breweries (UBL). Heineken International, which already holds 38.85% in UBL, is slated to be the buyer. With 8.5 million shares, USL held 3.21% in UBL. However, post sale, USL would completely exit UBL, says ICICIdirect.com

United Spirits gets MCA, I-T dept notices to inspect books

The company has received a notice from the Ministry of Corporate Affairs for an inspection... of the books of accounts and other books of the company, USL said in a filing to BSE.

USL may have to restate a/c; Investors slam Diageo role

Facing a multi-agency scrutiny, Diageo-owned United Spirits may have to restate its financial accounts, even as some investor groups have begun to question the UK-based parent's long silence on allegations against the erstwhile main promoters, Vijay Mallya-led UB Group.