Vijay Mallya

The Etihad board met today in Abu Dhabi to discuss its India investment plans, funding options and other acquisition targets. However, the meeting was inconclusive, reports CNBC-TV18‘s Kritika Saxena quoting sources.

Civil Aviation Minister, Ajit Singh today expressed his inability to interfere in the affairs of Kingfisher Airlines' employees. Although, he said he hopes Kingfisher takes wings again for the sake of its 4000 odd employees

It has been a busy 2012 for the aviation space. While some carriers are reeling under heavy losses, others like Indigo are in the pink of health.

CNBC-TV18's Gopika Gopakumar reports that Kingfisher Airlines has stated to the 17-bank consortium that it will provide for the sum of Rs 425 crore required for partial restart of operations.

Post the Diageo- United Spirits stake deal, United Spirits stock hit a new 52-week high of Rs 1953.90 today. SP Tulsian of sptulsian.com opines that the Diageo open offer might not see any response coming in favour of the company.

Dalal Street may not have been in much of a festive mood today. But if any stock had a firecracker of a day, it was, undoubtedly, United Spirits. In high spirits, thanks to the Diageo deal, USL closed up nearly 35 % at Rs 1,833 levels. Sunanda Jayaseelan reports.

USL-Diageo have publicly declared their intent to tie up but the spirits majors are in for a long courtship as there are several regulatory hurdles to clear.

Diageo, and Vijay Mallya-owned United Breweries Holdings and United Spirits on Friday announced agreements under which Diageo would acquire a majority stake in United Spirits. V Srinivasan, FMCG analyst, Angel Broking says it has come in line with the expectations.

Vijay Mallya may have secured a cash inflow of nearly one billion dollars. UB Group's deal with Diageo to sell stake in United Spirits may be inked on November 9, reports CNBC-TV18's Kritika Saxena.

Embattled Force India team boss Vijay Mallya made his Indian Grand Prix entrance in combative mood on Saturday, lashing local media for their coverage of his business troubles and grounded Kingfisher airline.

Vijay Mallya's quest to raise funds seems to hit a speed breaker. United Spirits and Diageo are in talks, which the two companies have confirmed. Kritika Saxena of CNBC-TV18 reports that it is learnt that issues related to management control and competition norms have cropped up.

The management is committed to bring the ailing airlines back on track and is committed to clear arrears once airline is capitalised, the CEO Sanjay Aggarwal said in a press conference.

Aviation regulator DGCA today suspended the flying licence of beleaguered Kingfisher Airlines for failing to come up with a viable plan for its financial and operational revival and resolve the impasse with its employees over payment of their salary dues.

The UB group has agreed to cede control of United Spirits to Diageo, reports CNBC-TV18's Kritika Saxena.

Hyderabad court has issued non-bailable warrant against Vijay Mallya and five others, reports CNBC-TV18.

United Spirits has signed an out of court settlement with ADB over Officers' Choice, reports CNBC-TV18's Kritika Saxena, quoting sources.

United Breweries Ltd‘s will invest heavily in capex, said chairman Vijay Mallya on the sidelines of the annual general meeting of the company.

The 30-share BSE Sensex closed near seven-month high on Thursday, though it remained lacklustre throughout the session. The index, which rose 708 points in seventh consecutive sessions since September 6, gained just 21.13 points today to close at 18,021.16.

CNBC-TV18‘s Gopika Gopakumar reports that the bankers' meet on Wednesday to decide the fate of debt-ridden Kingfisher Airlines ended with the conclusion to consider Mallya's strategy in a presentation that will be made in the next 10 days.

UB Group chairman Vijay Mallya is leaving no stones unturned in order to save his beleaguered Kingfisher Airlines. Sources tell CNBC-TV18 that the UB Group is likely to offload up to 48% stake in its flagship brand Whyte & Mackay (W&M).