KNBWY vs. DEO: Which Stock Is the Better Value Option?
NEW DELHI (Reuters) -The CEO of Diageo's Indian business has been summoned by New Delhi anti-corruption police investigating billing and discount practices involving government agencies running liquor retail shops between 2017 and 2020, according to a source and a police notice seen by Reuters. Hina Nagarajan, the CEO of United Spirits, has been asked to appear before police on Friday and provide several documents related to company sales, according to a confidential July 4 police notice to the CEO seen by Reuters. Nagarajan, who is also a member of United Spirits majority-owner Diageo's global executive committee, did not respond to Reuters requests for comment.
Diageo's (DEO) FY24 results are likely to reflect negative consumer sentiment and increased inventory levels in LAC, pressured further by escalating input costs.