United Breweries gained 1.1% to Rs.852 on BSE. Around 4.5 lakh shares were traded in a single block at Rs. 327.45 on the NSE. Heineken buys additional 21 Lakh shares in United Breweries, as per media reports. (more…)
Conglomerate San Miguel Corporation (SMC) reported consolidated net income, before foreign exchange translations, of P38.2 billion ($824.7 million) up 26% from 2014, the firm said in a statement following an investors briefing on March 17. (more…)
United Breweries, who was seen as a likely candidate to buy the Kingfisher Airline brand, has said that it is not interested in owning the carrier’s label, according to media reports. (more…)
Small companies that produce beer, cider, perry and mead up to 30 thousand hectolitres per year will be exempted from the need to connect to USAIS (Unified State Automated Information System). In spite of state preferences, they had to connect to the accounting system to monitor shipments to distributors. This resulted in a reduction of the market turnover and the closure of manufactures, Russian newspaper “Kommersant” writes. (more…)
Aam Aadmi Party (AAP), Goa, on Sunday slammed Goa Industries Minister Mahadev Naik and the State Investment Promotion Board (IPB) for approving a beer factory, a “red category” industry, in Sanguem in south Goa, thereby violating the IPB’s own mandate. (more…)
In February 2016 the volume of beer imports to China amounted to 20.95 million litres. This is by 50.7% more than last February. (more…)
Heineken intends to become the market leader in Myanmar’s beer market by 2020, confident that it can beat local and foreign products in one of the biggest emerging markets in the Asia Pacific region. (more…)
Finding prima facie evidence of non-compliance to various norms including on insider trading and corporate governance, Sebi has widened its probe into dealings of Vijay Mallya-led UB Group, including in its own shares and with UK-based Diageo and other foreign players. (more…)
Kirin Holdings will begin brewing and selling its flagship Ichiban Shibori beer in Myanmar as early as this month. (more…)
China Resources Beer is counting on the premium segment to boost margins as the country’s sluggish economy and intense market competition has hurt beer sales. (more…)
