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United Spirits And United Breweries

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CBI summons Sisodia for questioning in excise case, AAP fears arrest

The Central Bureau of Investigation (CBI) has summoned Delhi Deputy Chief Minister Manish Sisodia for questioning on Monday in connection with alleged corruption in the formulation and......

CBI books Sisodia in excise case after day-long raid

The Central Bureau of Investigation (CBI) on Friday raided the home of Delhi Deputy Chief Minister Manish Sisodia and 30 other locations in connection with alleged corruption in the implementation......

Will Bihar, Kerala and Tamil Nadu do a U-turn on prohibition?

State after state has imposed an alcohol ban, and has had to retreat, unable to address the financial and administrative fallout.Are we set for more of this cycle, asks Aditi Phadnis. IMAGE: In......

Diageo gets hardly half a per cent in USL in open offer

Diageo Plc’s move to acquire up to 26 per cent in India’s leading whisky maker United Spirits Ltd through an open offer has failed on expected lines. Diageo got 0.4 per cent, or a......

United Breweries sees fizz in premium beer segment

Bengaluru-based United Breweries (UBL), makers of Kingfisher beer, is eying strong growth in the premium beer segment, driven by changing consumer preferences towards premiumisation. Photograph:......

Brokerages positive about medium-term outlook for liquor stocks

Analysts believe that the sector could experience a reversal of fortunes due to better demand and margin improvements. Photograph: Flavio Lo Scalzo/Reuters After underperforming its peers in the......

Higher taxes, competition weigh on liquor stocks

Stocks of alcoholic beverage makers have corrected over the last few trading sessions on worries that taxes, competition and costs will hurt sales and profitability. Photograph: Flavio Lo......

Liquor companies dizzy as prohibition looms large in Andhra Pradesh

A phased roll-out of prohibition will hit revenues of companies, which get 5% of their volume sales from the state Liquor companies may have to contend with significant loss of revenue if Andhra......

Mallya's defiance prompts Sebi to seek changes to Companies Act

Sebi has now proposed that the Companies Act should also clearly mention that a person should vacate the office of a director if it orders his or her disqualification. Capital markets regulator......

Why Sahara may find it difficult to sell stake in Force India F1 team

- Sahara India needs to pay back $5.3 billion, raised from millions of small investors through the sale of bonds ruled by the Supreme Court to be illegal, before founder Subrata Roy can be......

Mallya suffers legal setback in F1 car ad case

Force India Formula One drivers, Nico Hulkenberg of Germany (L) and Sergio Perez of Mexico (R), and Force India team principal Vijay Mallya pose with the new Force India racing car. Photograph:......

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