Naming a borrower a wilful defaulter might be an easy thing for a bank to do. However, the real challenge lies in proving that the default was done wilfully, and in a banking system largely driven by paperwork for appraisal and monitoring, there is little a banker can do to establish the ill intent of a borrower. (more…)
At the presentation for investors Christopher Warmoth, Senior Vice President of Carlsberg Geroup, told about the company’s performance in Asia in 2015. (more…)
Vjay Mallya-led United Breweries Holdings Ltd today said it has been declared a “Willful Defaulter” by Punjab National Bank (PNB) and the company is consulting lawyers to challenge the decision. (more…)
World of Beer is about to become an international brand. (more…)
If one were to distill objectively the brand essence of San Miguel beer, specifically the flagship Pale Pilsen, one might come up with such words and phrases as “pagsasamahan” (or its closest counterpart in the English language, “friendship”), and one might add “tunay,” to suggest that a real friendship as offered by San Miguel beer is one that will never let you down, one that you can rely on in both good and bad times. (more…)
To bring transparency in the liquor trade and to curb the retail outlets from selling liquor over and above MRP (Maximum retail price), the Prohibition and Excise Department is mulling to integrate all the 4,000 odd liquor shops through a dedicated computer network. (more…)
Makkal Athikaram, which has been spearheading protests demanding the closure of TASMAC-run liquor shops in the State, on Sunday urged the people to rise in unison to bring about an end to the liquor shops. (more…)
In contrast to China, where the beer market continues to fall, the brewing industry in Vietnam shows excellent results. Based on the results of 2015, the volume of beer production has increased by 7.2% to 33.84 million hectolitres. In 2014 this figure was 31.58 million hectolitres. (more…)
Carlsberg India, the Indian arm of Danish brewer Carlsberg Group, will expand its production capacity in India by setting up eight plants, one of which will be in Karnataka, its first in the state, said a top company executive on Friday. (more…)
Japan’s Asahi Group Holdings said Wednesday it has agreed to acquire some operations from U.K.-based brewer SABMiller in a deal that could smooth the way for a much larger transaction between SABMiller and Belgium-based Anheuser-Busch InBev. (more…)
