India. Heineken ups stake in United Breweries; how long can Vijay Mallya hold on?

  • Reading time:4 min(s) read

Shares of United Breweries Ltd surged nearly 6 percent today after Heineken International BV increased its stake in the company by buying shares worth Rs 152 crore.

The scrip rose 5.91 percent to end at Rs 877 on BSE. During the day, it soared 7.15 percent to Rs 887.30
At NSE, shares of the company jumped 5.76 percent to close at Rs 876.50. (more…)

India. Cheers to fruit beers!

  • Reading time:6 min(s) read

Microbreweries are pushing the envelope when it comes to developing unique flavoured brews — experimenting with fruits such as jackfruit and kiwi. (more…)

India. Onam brings more cheers to Bevco

  • Reading time:2 min(s) read

The Kerala State Beverages Corporation (Bevco) saw a steep increase of around 16 per cent in its liquor sales during the Onam season as compared to last year.
(more…)

India’s Prohibition Hypocrisy

  • Reading time:5 min(s) read

Last month, 18 people in the Gopalganj district of India’s Bihar state died after consuming illicit alcohol, highlighting – once again – the peculiar relationship between morality and tragedy in India. (more…)

India. Despite shorter sales window, TASMAC does brisk business

  • Reading time:3 min(s) read

Staff manning twenty TASMAC shops at prime locations in Chennai including T. Nagar, Egmore and Anna Salai echoed the same views.

07TH_TASMAC__3000297f

The recent decision of Tamil Nadu State Marketing Corporation Ltd (TASMAC) to curtail the working hours of its outlets has had no impact on sales, inquiries reveal. TASMAC, a government-owned company, has a monopoly over wholesale and retail vending of liquor in the State. (more…)