SABMiller, the world’s second-largest brewer, is close to acquiring the beer business of India’s oldest beer & spirit company Mohan Meakins.
Captain C Krishnan Nair, chairman of the Mumbai-based Leela Group, has begun talks with Singapore’s Changi airport for an equity and technological partnership to develop the proposed new airport at Kannur in North Kerala.
The Indian arm of global wine & spirit major Pernod Ricard, has decided to roll out brand new wines produced in India from November.
Angostura group, part of UK based CL WorldBrands and makers of Angostura aromatic bitters, is launching Angostura rum from Trinidad & Tobago in the Indian market next week.
Amalgamation of companies as a tax avoidance/evasion device is going to be difficult from now on, thanks to a recent order by the company court of the Bombay High Court.
In an order that shows how serious an offence the non-compliance of the Act is, the chief information officer of Maharashtra has levied a penalty of nearly Rs 10,000 for delaying the information for 39 days.
Days after low-cost carrier, Air Deccan reported a loss of Rs 340 crore, the Vijay Mallya-promoted Kingfisher Airlines is all set to report losses to the tune of Rs 240 crore.
The Lalit Khaitan-led Radico Khaitan group, the manufacturers of 8 PM Whisky, and the only serious player other than Vijay Mallya’s UB group in the Indian spirit business, is eyeing opportunities in the booming beer market.
MNCs are gearing up to give a tough fight to the 120-m cases Indian spirit market, by producing and marketing Bottled-in-India variety of global liquor brands.
The Income-Tax department’s flagship IT project for a nationwide network to streamline data collection, compliance and surveillance has virtually come to a halt.
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