Vijay Mallya is likely to step down as chairman of United Breweries, being automatically disqualified in line with the market regulator’s notification barring wilful defaulters from holding board positions in listed companies. Controlling stakeholder Heiniken and the board of directors will meet soon in this regard to identify a successor, said people aware of the matter. (more…)
Villagers of Melasirubodhu and Kattoorani, including large number of women, thronged the Collectorate here on Monday, demanding closure of TASMAC shops, posing problems to the local people and disturbing social harmony. (more…)
Over 500 residents of Pushpa Nagar in Nungambakkam staged a protest in front of a Tamil Nadu State Marketing Corporation (Tasmac) shop in their locality demanding its closure as it was located in a residential area. Even school boys were taking to liquor, they said. (more…)
Tension prevailed at Irayancode, near Vithura, on Sunday when nearly 200 residents mounted a strong protest against the opening of a retail liquor outlet of the Kerala State Beverages Corporation (Bevco) there. (more…)
Is Maharashtra finally bidding adieu to its archaic laws which criminalise consumption of liquor without a drinking permit? (more…)
Uttar Pradesh Chief Minister Akhilesh Yadav on Wednesday remained non-committal on banning liquor in the State even as he advised people to “drink less”. (more…)
UBHL has sought a month’s time to file last fiscal’s results citing “uncertainties” resulting from ongoing cases against its Chairman Vijay Mallya in the Supreme Court and Debt Recovery Tribunal over the Rs 9,000 crore dues owed by its defunct group firm Kingfisher Airlines to lenders. (more…)
A day after Chief Minister Jayalalithaa ordered closure of 500 state-run Tamil Nadu State Marketing Corporation (TASMAC) liquor outlets, MDMK leader Vaiko appealed to the government to close 1826 shops. (more…)
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…)
