Heineken to buy Scottish & Newcastle’s UB stake

Dutch brewer Heineken is set to buy UK-based Scottish & Newcastle’s (S&N) 37.49 per cent stake in Vijay Mallya’s United Breweries. This is part of a worldwide deal under which S&N’s global operations will be jointly acquired by Danish beer giant Carlsberg and Heineken for $15.4 billion. Under an agreement reached by three companies involved…

Spyker F1 to become Force India Formula One

Vijay Mallya is a shrewd businessman. He had the chance to name the team as Kingfisher. Afterall, its his flagship brand. Maybe he wanted to tug at the Indian’s heart. Another good news is that he has hinted that he might not go entirely native by having Narain Karthikeyan at the wheel. He’s in talks…