India. Banks block UBHL’s claims for money; say Vijay Mallya move a tactic to delay justice

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A consortium of banks led by State Bank of India (SBI) on Wednesday filed counter-objections in the debt recovery tribunal (DRT), Bengaluru, against a claim of Rs 594 crore made by the Vijay Mallya-controlled United Breweries (Holdings) or UBHL. Lenders alleged Mallya’s claim to secure the amount from them at this stage was a clear-cut tactic to delay the process of justice, knowing fully well that the case was on the verge of being disposed of. Admitting the lenders’ counter-objections, DRT presiding officer justice CR Benakanahalli posted the matter for further hearing to April 21. (more…)

Beer trouble: Why South Korea’s local brewers are crying foul

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Beer imports surged 43 per cent last year in South Korea, as consumers, among the most enthusiastic beer drinkers in Asia, move beyond often-bland local lagers.

South Korean beer drinkers are drinking to the more robust flavours of imported brands, encouraged in part by attractive discounts for multi-packs – so much so that local brewers are crying foul over pricing tactics and have asked for government help. (more…)

India. Tasmac buys 40% more beer to slake election thirst

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To prepare for the poll season, Tasmac has been stocking up on alcohol. For March 2016, Tamil Nadu State Marketing Corporation (Tasmac) ordered 40% more beer than it had in February. The state agency, which controls wholesale and retail liquor trade, also ordered 19% more Indian made foreign liquor (IMFL). (more…)

India. Tamil Nadu set to have complete prohibition; experts question implementation

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Just a month ahead of elections in Tamil Nadu, the two Dravidian parties — which have been ruling the state for nearly half a century — have now promised that they would work towards total prohibition. So, whichever party comes to the power after May 16, it is clear that the state is set to become a no-liquor state, but the question is how revenue of around Rs 27,000 crore, which is coming out of liquor sales, will be compensated. (more…)

Chinese consumers demand premium beer products

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The Chinese beer market is the world’s largest, yet it is experiencing negative volume growth after growing continuously for the past 24 years, according to China Alcoholic Drinks Association (CADA). Industry insiders say domestic beers have to look for new strategies to stimulate their growth in the next three to five years. (more…)