Bihar joined the select list of states practising complete or partial prohibition on Tuesday, banning sale and consumption of all kinds of liquor in a move seen as fulfillment of a poll promise to women by chief minister Nitish Kumar. (more…)
Licensees running bars in Tamil Nadu State Marketing Corporation (Tasmac) liquor outlets are now in a compulsion to go the extra mile to sustain the existing patronage and to draw new customers. (more…)
Complaints have surfaced over the increasing percentage of alcohol used in beer supplied in the district.
Though the Excise department is yet to receive a written complaint, there is a possibility that alcohol content in beers is being increased to attract more customers. (more…)
Consecutive droughts in the parched Marathwada region seem to have had no effect on liquor manufacturers.
As many as 16 manufacturers, who are into the production of beer, country made and foreign liquor have contributed Rs 583 crore more in terms of revenue to the state excise department in 2015-16 as compared to the previous financial year. The units of all these manufacturers are spread over Aurangabad, Nanded and Osmanabad districts. (more…)
Away from the furore over huge loan default in India by Vijay Mallya-led UB Group, its US-based brewery arm has secured a complex funding that it intends to repay later with a ‘bridge loan’ from its parent. (more…)
United Breweries (Holdings) Ltd (UBHL) said on Friday that Sidhartha Mallya, a non-executive, non-independent director of the company, has left his post with effect from 31 March. UBHL announced the exit of chairman Vijay Mallya’s son in a filing to the BSE. (more…)
The revenue of the State-run Tamil Nadu State Marketing Corporation (Tasmac) is expected to touch Rs. 30,000 crore during the Assembly election season. Currently, it has a revenue of more than Rs. 27,000 crore.
Analysts who track the liquor market say that with the mercury rising, beer sales would shoot up this election season. It will increase three-fold they add. The last two years saw beer sales dip by 20 per cent across the State. The rise in liquor prices was cited as a reason. In March 2015, only 20.85 lakh cases were sold against 25.39 lakh cases in 2014. April 2015 witnessed sale of 20.85 lakh cases against 25.40 lakh cases in 2014. (more…)
Beermaker United Breweries has said the Kingfisher logo that belonged to Kingfisher AirlinesBSE 3.03 % can only be used for aviation and warned of legal challenges if it is used in other categories. (more…)
Troubled tycoon Vijay Mallya may offer his shares in United Breweries (UBL) to partner and Dutch beer giant Heineken to generate cash for a possible settlement with lenders of the defunct Kingfisher Airlines. If the lenders respond positively, the latest development offers Heineken a clear opportunity to gain controlling ownership of UBL, the largest domestic brewer and the last big Indian company which Mallya helms. (more…)
Bihar will join the select list of states practising complete or partial prohibition with the ban on country liquor coming into force on Friday as part of chief minister Nitish Kumar’s poll promise to stop sale of alcohol. (more…)