Sebi bans former Diageo official for 7 yrs in insider trading case
Regulator Sebi has barred Nishat Shailesh Gupte, a former official of Diageo Plc
Be in good spirits, more quality whiskey is coming your way
Beam Suntory, Brown-Forman and Bacardi to launch over a dozen new brands in India...
How a decade of drinking changed the future of booze
The 2010s saw many ill advised drinking trends, ones the average bar denizen will be hap...
United Spirits proposes merger with its subsidiary Pioneer Distilleries Limited
The maker of Johnie Walker and McDowell whiskey said in a company statement that the amalgamation scheme has been approved at its board meeting. The scheme now awaits requisite approvals from statutory authorities including Securities Exchange, BSE Limited and NSE, respective shareholders and creditors of both the companies.
Planning a low-key Halloween party? Last-minute recipes for filling meal, delicious cocktail
These easy recipes are here for your rescue.
With no liquidity, liquor sales on the rocks
Liquor trade’s hangover from the slowdown is similar to FMCG failing to take a bigger bite out of consumer spend, again thanks to liquidity issues. Hindustan Unilever had last month said trade was facing an acute liquidity crunch. Analysts expect liquor sales to remain subdued for the rest of the fiscal.
Imported gin appeals to new-age drinkers
Bacardi's Bombay Sapphire is the dominant player in the premium imported gin segment with sales estimated at 21,000 cases this year, up from 14,000 in 2014.
With 44% women in the boardroom, Diageo tops gender equality list
The beverage giant has attained its feat in UK.
Pernod Ricard India revenue up
The maker of Absolut vodka and Chivas Regal scotch had gross sales of Rs 20,335 crore in the year-to-March 2019, latest filing sourced from Veratech showed. Pernod's growth numbers outpaced Diageo's Indian business that grew 10% in revenues.
United Spirits Q2 profit falls 13% to Rs 225 crore
The maker of McDowell whiskey reported a 2.15 % increase in net sales at Rs 7295.6 crore.
Lens on Foreign Investment Promotion Board approvals given to Diageo under Chidambaram
ED and CBI probe if former FM Chidambaram and his son Karti received any kickbacks in lieu of these approvals.
Diageo again told to pay more to USL minority investors
It plans to challenge the regulator's decision before the Securities Appellate Tribunal (SAT), which hears appeals against Sebi’s orders.
Vijay Mallya-linked companies face Diageo’s enforcement steps
Diageo didn’t specify how it would enforce the order. The firm and Mallya didn’t respond to emails seeking comment.
Diageo asks Centre for policy reforms in states for spirits industry
Stressing on the need for a 'stable and simplified policy regime', the spirits maker also said there is a need for a comprehensive regulatory reform for the sector.
Pernod Ricard's Indian unit grew 20 per cent in FY19
In comparison, Diageo's prestige and above segment, where it competes with the French rival went up 12% in the country.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service