The company's statement of accounts filed at the Companies House reveals that its losses have nearly trebled despite a 42 per cent rise in revenues. The company acquired its first brewery in India in January as part of its efforts to capture 10 per cent of the booming market. Pre-tax losses at the UK-based company hit 13.1 million pounds in the 12 months to the end of July last year against a loss of 4.4 million in the same period a year earlier, The Daily Telegraph reported.
According to a notification issued recently by the state government, local tax on imported liquor costing above Rs 2,000 per bottle will be at the rate of 30 per cent while those sold below Rs 2,000 will attract a tax of 20 per cent. Earlier, the local tax on imported whisky, wines and beer was a flat Rs 300, Rs 150 and Rs 30 per bottle respectively.
UK India British Council has set up an advisory board to boost trade relations between the two nations.
Bayern Munich secured their 21st German league title and completed a domestic double for the third time in four seasons when they drew 0-0 away to VfL Wolfsburg on Sunday. Bayern's draw stretched their lead over closest rivals Werder Bremen to 10 points with three games left and set off the traditionally soggy celebrations, as the players soaked each other, and anyone else on the field, with beer.
A bench headed by Justice S H Kapadia asked the company to challenge the ruling before an appropriate high court. The apex court also stayed both the AAR order and the assessment till the company moves a high court. On May 9, the AAR said that income of Foster's Australia Ltd from the transfer of its right, title and interest in trademarks and Foster's brand intellectual property is taxable in India.
Dowdy wine and liquor shops are making way for swankier alternates.
Looking to cash in on the burgeoning beer consumption in India, the United Kingdom-based SABMiller will invest around Rs 500 crore (Rs 5 billion) to expand production capacities at its breweries in the country.
Unhealthy and yummy: these 'dude foods' will make your mouth water
'It will take me a while to process the meaning of the loss of a man who meant so much to me through my entire life,' says Aseem Chhabra.
Has the Kargil victory, like so much else, fallen prey to petty, partisan politics?
Veteran speedster terms his Australia T20 call-up as a 'privilege' and is not thinking in the lines of how many matches he will get to play in the series against Australia. "I feel pretty privileged to be called in at this stage of my career. With a few injuries around it's been good timing and a bit lucky but you go through your career you have good luck and bad luck," 32-year-old Tait told the Daily Telegraph. Tait has had a good Big Bash League for the Hobart Hurricanes, where he got 10 wickets and is now being looked as someone who could be drafted into the World T20 squad.
Here's your weekly digest of the most weird, true and funny news from the across the world.
Prohibition state Gujarat is adding colour to the favourite drink of Bacchus.
Rising prices of food items, jet fuel and alcohol pushed up inflation marginally for the second consecutive week, to 5.64 per cent.
Sunil Gavaskar is known for his impregnable defence against the all-time-great West Indies pace battery, but the former opening batsman, who turned 67 on Sunday, had a weakness - glucose biscuits from Amchi Mumbai. This was revealed by his younger sister Nutan at a function organised to mark his birthday by the Legends Club at the Cricket Club of India. "He used to like those biscuits...Parle G gluco biscuits. West Indies was a long way off and (it was a) long tour, so he would like to have those biscuits for his tea or coffee, so whoever was travelling there, we would try and send those packets of biscuits for him," Nutan Gavaskar told reporters.
'We can go with smaller ensembles -- even 15 or 20 creations from a designer.' 'We are keeping the focus squarely on quality over quantity.' 'India Couture Week is, after all, about the best of the best,' FDCI Chairman Sunil Sethi tells Veenu Sandhu
The Supreme Court on Tuesday upheld the Kerala government's policy restricting the sale and consumption of liquor at the bars in five star hotels only and rejecting other hotels serving liquor at bars.
The US has hailed India's recent move to withdraw the additional duty on beer, wine and distilled spirits, saying it was a positive step.
Rajneesh Gupta picks fun sledging through the decades. Take a look!
France began dreaming of World Cup glory after a two-decade wait after Les Bleus on Tuesday defeated Belgium to reach the final
Eat right and keep the heat away!
Previous findings have helped to warn consumers that the pH (potential of hydrogen) levels in beverages such as soda could lead to tooth erosion, the breakdown of tooth structure caused by the effect of acid on the teeth that leads to decay. The studies revealed that, whether diet or regular, ice tea or root beer, the acidity level in popular beverages that consumers drink every day contributes to the erosion of enamel.
Lord Martin Rees, president of The Royal Society, presented the medal and a scroll to Kalam in the presence of a distinguished gathering, including NRI industrialist Lord Swaraj Paul, Lord Karan Billimoria, chief of the Cobra Beer, Acting High Commissioner of India to the UK Asoke Mukerjee and Lord Meghnad Desai, a leading economist, at the Royal Society.
Mumbai-based Wadia group and French food major Groupe Danone are currently fighting it out in the Bombay high court with the next hearing scheduled for January 10, 2006.
Real Madrid captain Sergio Ramos risks being hit with an extra game suspension which would rule him out of a potential Champions League quarter-final first leg after admitting he got booked on purpose in Wednesday's 2-1 win at Ajax Amsterdam.
IPL is all set to auction the players, following the bidding for teams by corporates. Apart from being a huge money churning excercise IPL promises on being entertaining too.
This is part of a worldwide deal under which S&N's global operations will be jointly acquired by Danish beer giant Carlsberg and Heineken for $15.4 billion. Under an agreement reached by three companies involved in the deal, Heineken will take over S&N's India operations.
News of all that's transpired on and off the football field
Enid Blyton's best-loved adventure series is all set for a revival.
Police have begun enforcing the liquor ban across Kerala in the wake of the state high court ratifying the state government's new liquor policy.
In its second blow to liquor imports, the Maharashtra government has withheld imported liquor stocks on the basis that they do not display the maximum retail price.
Moderate consumption of alcohol everyday, especially wine, may be associated with an increase in life expectancy, according to researchers.
The United Kingdom-based SABMiller plc, one of the world's leading brewers, on Tuesday announced it has acquired Foster's India, belonging to Australian drinks giant Foster's, for $120 million on a cash-free debt-free basis.\n\n
Ditch sweets that are high on calories and opt for baked options instead.
With the Centre allowing the states to impose a host of local taxes on imported wines and spirits, the euphoria over the prospects of buying foreign liquor at cheaper rates may fizzle out.
If your ultimate goal is to get married and you are going on a first and second date with someone dreamy, don't blurt out the marriage countdown, says Solene Paillet. You will scare this perfect match away!
South African winger Bryan Habana and flyhalf Handre Pollard fell just short in their bids for individual records despite helping the Springboks to a 24-13 win over Argentina in the bronze medal playoff at the Olympic Stadium on Friday.
Those of you planning to 'drink and be merry' this New Year eve must know how to combat hangovers as well.
