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Diageo asks Vijay Mallya to step down as Chairman and Director of the Indian liquor firm

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New Delhi-USL  new owner  Diageo  has asked promoter and chairman Vijay Mallya to resign from the board after an internal probe alleged the liquor baron may have been involved in financial irregularities at India’s largest liquor company,a demand he outrightly rejected. The internal probe was led by chief executive officer Anand Kripalu, who was appointed last year by Diageo Plc., the majority shareholder in United Spirits.Mr Vijay Mallya hit back saying he will not resign as a director of USL. and criticized both Diageo...

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About 1500 killed in massive earthquake of 7.9 magnitude in Nepal

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Kathmandu- About 1500 people have been killed and many more injured in a major earthquake in Nepal.Countryl hit by 7.9 magnitude earthquake . Hospitals across Kathmandu have been flooded with injured and dead people.The number of injured admitted in various hospitals in Kathmandu. The quake and its aftershocks have affected 29 of the country's 75 districts with Kathmandu, Bhaktapur, Lalitpur, Kavre and Sindhupalchowk recording the maximum casualties. US is sending $1 million in aid to address immediate needs...

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