Heineken eyes control of indebted Indian tycoon’s brewery

Heineken eyes control of indebted Indian tycoon’s brewery
Bottles of beer are seen on an assembly line during the opening ceremony of the Heineken Beer factory outside Yangon July 12, 2015. REUTERS/Soe Zeya Tun
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Heineken is likely to ask Vijay Mallya, who owes creditor banks more than $1 billion, to step down from the board of United Breweries, India’s largest brewer, three people with direct knowledge of the plan told Reuters. (more…)

India. Liquor set to become cheaper in Punjab

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The Punjab council of ministers on Tuesday approved the state’s excise policy for 2016-17, increasing the excise revenue target by Rs 400 crore from Rs 5,040 crore in the outgoing fiscal 2015-16. (more…)

National Boozebuster Notifies Thailand Pre-Mixed Cocktails are Illegal

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After going dark for some months, the nation’s top alcohol regulator is back with more bad news.

Lao pan, those ubiquitous iced cocktail jugs sold at every festival and night market in Thailand? Illegal since 1950, Samarn Futrakul, the renowned prohibitionist who heads the alcohol control board, pointed out to reporters Sunday. (more…)

India. Hyderabad court issues NBW against Vijay Mallya

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A Hyderabad magistrate court has issued a non-bailable warrant (NBW) against UB Group chairman Vijay Mallya and A Raghunathan, chief financial officer of defunct Kingfisher Airlines, in an alleged cheating case. (more…)