India. United Breweries To Have More Flavours In Kingfisher Buzz
United Breweries, which launched its malt-based beverage ‘Kingfisher Buzz’ in Delhi, would introduce more flavours in its ready-to-drink (RTD) product. (more…)
India. Firms in Punjab seek major hike in scotch, beer prices
Major liquor brands have sought to dramatically increase their ex-distillery price (EDP) in Punjab after the state government recently altered its licence category allowing ‘super-wholesalers’ to come into the business. This may lead to a dramatic increase in minimum retail price (MRP) of popular brands of scotch and beer. The excise and taxation department is talking to the manufacturers to keep the increase in check. According to one estimate, the EDP may go up by anywhere between Rs 400 and Rs 1,500. (more…)
India. Foreign bank to snap Mallya ties
Troubled tycoon Vijay Mallya’s pangs have just got worse.
Overseas banks have now started to tighten the screws on the beer baron who scurried out of India last month after a passel of local banks declared him a wilful defaulter and initiated court proceedings to recover over Rs 9,000 crore in unpaid loans. (more…)