As per sources, Enforcement Directorate is planning ways to ensure that transactions such as the one industrialist Vijay Mallya struck with Diageo for Rs 500 crore does not take place in future. ED will shortly ask national depositories to freeze the shares owned by Mallya in listed companies. (more…)
High temperatures during March and April left the people of the district in torrid weather but the same has contributed to abnormal rise in sale of beer and liquor.
Scorching temperatures and sale of booze are always directly proportional and the same has been proved by the tipplers who consumed as many as 5,57,580 cases of liquor and beer worth Rs. 132.20 crore during April alone this year. (more…)
A vacation bench of the Hyderabad High Court on Thursday refused to hear a public interest petition filed by TDP MLA A Revanth Reddy, who questioned the wisdom of the state in supplying huge quantities of water to liquor distilleries instead of supplying water to thousands of parched villages in the state. (more…)
Suspecting serious lapses in financial dealings of various listed companies of Vijay Mallya-led United Breweries Group, the capital markets regulator Securities and Exchange Board of India (Sebi) has expanded its probe into possible diversion of funds by the promoters. (more…)
For the first time since Tamil Nadu took complete control of liquor retail and converted the monopoly into its chief money-spinner that contributes nearly Rs 27,000 crore to the state’s coffers, the main Dravidian political parties have been forced into acknowledging that the policy of promoting liquor has had serious consequences for the health of the people and the social fabric. (more…)
Citrusy, light-bodied with a hint of sweet. That’s Beteljuice for you, a beer infused with paan and lemongrass. For those who like to venture on the dark side, there’s the roasty Kaapi stout, which marries malt with coffee beans.
To revisit fond childhood memories, try the mango beer created with Alphonsos sourced from the farms of Ratnagiri in Maharashtra. (more…)
Drinks group C&C has announced a new partnership deal with Mahou India, which is a wholly owned subsidiary of Spanish brewing major Mahou San Miguel. (more…)
April is the cruellest month. The ever-soaring mercury level has dried up many a well. The temperature in Malampuzha rose to unprecedented heights to touch 41.9 degrees, the highest in the state since 1987. People run behind tanker lorries to collect water. In fact, misery is this summer’s theme. For the commoners, that is. The corporates, including a soft drink major and a brewery unit, exist in a parallel universe. (more…)
Prohibition of alcohol is back on the political agenda with the recently elected Bihar government banning its sale and consumption to fulfil a key electoral promise. Other parties, such as the DMK and the AIADMK in Tamil Nadu and the Congress in Kerala, are also championing this cause. (more…)
The Enforcement Directorate (ED) on Wednesday urged a Delhi court to recall its earlier order granting permanent exemption from personal appearance to United Breweries Group chairman Vijay Mallya in a case for allegedly evading summons issued by the ED in connection with purported violation of foreign exchange rules. (more…)