Leading brewer Anheuser-Busch InBev will pay USD 6 million (Rs 40.2 crores) to the American authorities for settling charges of making "improper payments" to government officials in India to push sales and production.
The Competition Commission of India (CCI) on Tuesday said that the proposed additional stake buy in United Breweries (UB) by Dutch major Heineken does not raise any competition concerns, effectively clearing the deal. In its order, the CCI said, "It is submitted that the proposed transaction does not give rise to competition concerns regardless of delineation of the relevant market for the purpose of this filing." UB is the country's largest beer company, while Heineken is the world's second-largest brewer after Anheuser-Busch (AB) InBev.
World Cup organisers have gone to great lengths to keep unaffiliated firms out of sight, such as concealing the brand names on the front and back of LG television monitors in the press facilities with black tape.
How three international brands plan to compete with UB and SAB Miller.
Crown Beers India, the joint venture between Anheuser-Busch and Crown International, moved into the second phase of its India operations by launching the globally renowned beer brand, Budweiser, in Maharashtra and Andhra Pradesh.
Fans from across the globe rather than FIFA officials will determine the man-of-the-match awards at this year's World Cup in South Africa.
The step forward in marketing could be a move to bypass the media and towards owning it directly, says Ajit Balakrishnan.
In a sharp mid-course correction, Karan Bilimoria, the NRI beer maker, is in talks for a distribution tie-up in the US with Anheuser-Busch, whose Budweiser lords it over half the beer market in that country. While Cobra managed to hold its own in the SABMiller-dominated South African beer market, it managed only flat results with Krait Prestige, which was marketed as the world's first Champagne Lager.
Budweiser World Cup campaign curbed, not crashed, by Qatar beer ban
The highest salary rose by 14.22 per cent from last year.
Every brand and company in India too will soon need a metaverse strategy, notes Sandeep Goyal.
Nearly 150 companies visited the campus this year.
FIFA president Sepp Blatter's decision to resign amid corruption allegations at soccer's governing body is a relief for corporate sponsors who have called for more transparency at the organization, sports marketing experts said on Tuesday.
News of all that's transpired on and off the football field
Leading sponsors of football's world governing body have demanded independent oversight of FIFA's reform process in an open letter published on Tuesday ahead of a key meeting to finalise proposed reforms at the scandal-plagued organisation.
Major football sponsors on Friday issued coordinated calls for the immediate resignation of FIFA president Sepp Blatter in the most significant move by companies supporting the sport since a bribery and corruption scandal erupted at world football's governing body last May.
Peru fans take $800 taxi to get to World Cup game
Women's World Cup officials and sponsors expressed concern over the corruption scandal swirling around world soccer's governing body.
FIFA President Sepp Blatter began his fifth term at the helm of football's governing body on Saturday facing the daunting task of restoring public faith in an organisation tainted by allegations of corruption and deeply divided over his re-election.
World Cup sponsors are in an awkward position, experts said, because they are under pressure from consumers to distance themselves from any corruption, but such sponsorships are lucrative in the long term.
The deal would involve Pfizer paying with 11.3 of its shares for each Allergan share.
The United States Soccer Federation said in a statement on the new charges that its hosting of the 2016 Copa America Centenario tournament would go ahead as planned.
Nike Inc and some other big international companies face a grilling over their powerful role in Brazilian soccer.
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