India. Vijay Mallya may step down as United Breweries chairman

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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…)

India. Tasmac shop faces residents’ ire

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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…)

India. Residents out against Bevco outlet

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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…)

India. UBHL seeks a month’s time to file results due to Vijay Mallya cases

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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…)

India. Vaiko wants 1826 TASMAC shops to be closed

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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…)