United Breweries

Passing an interim order, a two-member NCLAT bench has directed parties, including United Breweries Ltd, to deposit 10 per cent of the penalty amount by way of Fixed Deposit Receipt' within three weeks.

The domestic stock markets are expected to trade in green on Thursday, taking cues from the global markets.

Competition Commission on Friday imposed penalties totalling over Rs 873 crore on United Breweries Ltd, Carlsberg India, All India Brewers' Association (AIBA) and other individuals for cartelisation in the sale and supply of beer in various states and Union Territories.

India's antitrust watchdog today imposed a penalty of Rs 750 crore on beer giant United Breweries and Rs 120 crore on Carlsberg India in a case related to cartelisation of beer prices in the country.

United Breweries reported a standalone net profit of Rs 30.8 crore in the first quarter as against a loss of Rs 114.3 crore in the same quarter last year

The debts recovery tribunal (DRT) has sold shares worth over Rs 5,800 crore of United Breweries Limited (UBL) that were earlier attached under the anti-money laundering law as part of an alleged bank fraud probe against fugitive liquor baron Vijay Ma

Banks in India received Rs 71.82 billion ($967 million) by selling defaulter and former billionaire Vijay Mallya's stake in the United Breweries Ltd, according to a statement by the Enforcement Directorate.

UBL is the maker of the country's top-selling Kingfisher lager and was owned by businessman Vijay Mallya.

The proposed transaction relates to Heineken's potential acquisition of additional equity stake up to 16.40 per cent shareholding in United Breweries

Executives' conversations, WhatsApp messages and e-mails contained in the report show the companies regularly and collectively strategised in seeking price increases in "several states"

The investigation has found that 15-20 executives from the three brewers were involved in discussions of beer prices before they were submitted to state regulators.

The Karnataka High Court on Monday adjourned the hearing to December 20 on a plea which sought not to wind up liquor baron Vijay Mallya-linked UBHL and give the company an opportunity to clear the debts related to his defunct Kingfisher Airlines Limited.

Shares in United Breweries (UB), known for its Kingfisher brand, closed down 1.3 per cent in Mumbai, as the broader market rose 2.3 per cent on Friday.

Fraud accused liquor baron Vijay Mallya, who is contesting India's claims to extradite him and keep him in Mumbai's Arthur Road jail, told the media today that has made no request for clemency.

The UN has named beer brand Bira 91 as 'Brewery of the Month' and Bira 91 IPA as the 'Beer of the Month'.

Passing an interim order, a two-member NCLAT bench has directed parties, including United Breweries Ltd, to deposit 10 per cent of the penalty amount by way of Fixed Deposit Receipt' within three weeks.

The domestic stock markets are expected to trade in green on Thursday, taking cues from the global markets.

Competition Commission on Friday imposed penalties totalling over Rs 873 crore on United Breweries Ltd, Carlsberg India, All India Brewers' Association (AIBA) and other individuals for cartelisation in the sale and supply of beer in various states and Union Territories.

India's antitrust watchdog today imposed a penalty of Rs 750 crore on beer giant United Breweries and Rs 120 crore on Carlsberg India in a case related to cartelisation of beer prices in the country.

United Breweries reported a standalone net profit of Rs 30.8 crore in the first quarter as against a loss of Rs 114.3 crore in the same quarter last year

The debts recovery tribunal (DRT) has sold shares worth over Rs 5,800 crore of United Breweries Limited (UBL) that were earlier attached under the anti-money laundering law as part of an alleged bank fraud probe against fugitive liquor baron Vijay Ma

Banks in India received Rs 71.82 billion ($967 million) by selling defaulter and former billionaire Vijay Mallya's stake in the United Breweries Ltd, according to a statement by the Enforcement Directorate.

UBL is the maker of the country's top-selling Kingfisher lager and was owned by businessman Vijay Mallya.

The proposed transaction relates to Heineken's potential acquisition of additional equity stake up to 16.40 per cent shareholding in United Breweries

Executives' conversations, WhatsApp messages and e-mails contained in the report show the companies regularly and collectively strategised in seeking price increases in "several states"

The investigation has found that 15-20 executives from the three brewers were involved in discussions of beer prices before they were submitted to state regulators.

The Karnataka High Court on Monday adjourned the hearing to December 20 on a plea which sought not to wind up liquor baron Vijay Mallya-linked UBHL and give the company an opportunity to clear the debts related to his defunct Kingfisher Airlines Limited.

Shares in United Breweries (UB), known for its Kingfisher brand, closed down 1.3 per cent in Mumbai, as the broader market rose 2.3 per cent on Friday.

Fraud accused liquor baron Vijay Mallya, who is contesting India's claims to extradite him and keep him in Mumbai's Arthur Road jail, told the media today that has made no request for clemency.

The UN has named beer brand Bira 91 as 'Brewery of the Month' and Bira 91 IPA as the 'Beer of the Month'.