Legal proceedings in India against beleaguered businessman Vijay Mallya has now come to haunt his US-based brewery firm, which is banking on $1 million bridge loan promised by his holding firm for survival. (more…)
The plea assumes significance as the Supreme Court had earlier upheld the Bombay High Court order banning the hosting of IPL matches (more…)
In the days preceding the elections, outlets of Tamil Nadu State Marketing Corporation Ltd (Tasmac) witnessed ‘panic buying’ across all regions in the State on fears of imminent prohibition. (more…)
TEN years ago, the Singapore Exchange (SGX) scored a coup. Thailand’s largest brewer Thai Beverage, or ThaiBev, ditched plans to list in the Buddhist nation for the Singapore bourse, following protests back home against its alcohol-centric business. (more…)
Floods caused by heavy rain in Sri Lanka in the past several days have halted production at Lion Brewery (Ceylon), the company said in a stock exchange filing. (more…)
According to G. Korenkova, managing director of Ukrpivo, expert assessment of beer output in Ukraine (more…)
Though margins are under pressure, this is just an aberration for United Breweries Limited, said Shekhar Ramamurthy, MD of the company. He is of the view that pressure in barley prices may continue to exist going forward. (more…)
Shares of two liquor makers, United SpiritsBSE -1.56 % and United Breweries , fell on Wednesday as investors became jittery ahead of Tamil Nadu election results. The expectation that DMK will come to power in the State made investors nervous as the party has promised a complete ban on alcohol in its election manifesto. (more…)
Asahi Group Holdings Ltd., the Japanese brewer that’s buying European brands from Anheuser-Busch InBev NV worth $2.9 billion, is now pursuing deals in the U.S. that would help boost distribution of its Super Dry beer in the world’s largest economy. (more…)
The controversial alcohol prohibition bill is back in lawmakers’ deliberation agenda although the bill has forced breweries to postpone their expansion plan. (more…)
