The industry experienced new pressures on its operating margins and sales in the wake of increasing input costs and new excise regime. For the domestic spirits manufacturing industry, the cost of raw materials such as molasses doubled since March. Packaging costs rose by 15-20 per cent. The widening of services tax resulted in 50 per cent new services to be taxed at 12.36 per cent. Besides an increase in labour costs, inflation also played havoc with the operating margins.
An inspired Wayne Rooney became Manchester United's all-time leading goalscorer in European competition to ignite their crucial 4-0 trouncing of Feyenoord.
Kingfisher Airlines owed Indian banks Rs 7,000 crore as of January.
Here is a sampler of companies that shunned debt, diversified, and innovated during hard times and are still here today
A common misconception is that dieting helps you reduce weight.
Serb Novak Djokovic downed Bosnian-born Amer Delic to reach the last 16 of the Australian Open but the champion's victory was marred when ethnic tension burst into violent crowd scenes on the grounds. Groups of rival fans hurled chairs at each other in the beer garden outside centre court when simmering tension boiled over under the hot Melbourne sun. Police arrested two men and ejected another 30 people from the grounds.
Indian magnate Vijay Mallya refuses to let the global credit crunch cramp his style, even if other high rollers may be keeping a lower profile at this weekend's Monaco Grand Prix.
'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.
The BJP MP's aide claimed that he had been tricked into attending the event, while the organiser claimed that it was not a nightclub, but a restaurant where no liquor would be served.
A 17-in. PC may cost a lot less than a 17-in. Mac. But you get less, too, including security, multimedia tools, and, some say, satisfaction
Cobra Beer, the Indian-themed lager brand, is prepared to split its UK and Indian businesses and sell them to separate buyers as its founder, Lord Bilimoria, seeks $274m for the group.
Mallya is the first Indian ever to become the owner of a Formula One Team. The Netherlands-based Mol Family and Mallya have formed a consortium that is now the joint owner of Force India Formula One, which is also India's first-ever Formula One Team and represents India's first, truly global sports foray.
Albania qualified for Euro 2016, their first ever major tournament, when a 3-0 away win over Armenia clinched second place in Group 'I' above Denmark on Sunday sparking wild celebrations across the country.
'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
Lakshmi Sharath loses herself in the narrow lanes of a magical city.
Colombian soccer supporters brought a wave of tropical exuberance to the stolid citizens of Saransk
West Indies captain Chris Gayle planned to celebrate Saturday's first Test victory over England by joining his team's fans for a beer and this time no-one will say a word against him. The last time England played West Indies at Sabina Park in Kingston five years ago, they bowled the Caribbean side out for 47 and won by ten wickets and Gayle was the focus of supporter outrage.
Rajneesh Gupta picks fun sledging through the decades. Take a look!
It's time to upgrade your vocabulary too!
What you need to know to stay healthy when you're travelling.
In a year that saw inflation touching a 13-year high of 12.82 per cent in August, the 150 million cases beer market grew by 15 per cent, according to All India Breweries Association figures. The wine segment, which has a total market size of around 1.5 million cases, posted even a higher growth rate of 30 per cent, as per International Wines and Spirits Record, while other alcoholic beverages, with a market size of 190 million cases, grew at 15 per cent.
The former West Indies captain fractured his left arm in a Carib Beer game when he was struck by a delivery by Lionel Baker. The injury, sustained on January 20, was expected to heal in six weeks, but the Mumbai Champs' physiotherapist, Danny Redrup, said progress had been slow.
The photo, downloaded from Internet and published in the Sunday edition of the paper, showed Jesus holding a cigarette in one hand and a beer can in the other. It evoked angry reaction from the Christian minority and the community members staged a protest demonstration and ransacked the offices of the newspaper at several places across the state.
The crowded beer market in the country is poised to welcome two more established labels. Singapore-based Asia Pacific Breweries (APB) has decided to brew its international brands, Tiger and Heineken, in India and is looking for suitable locations.
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.
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.
Unhealthy and yummy: these 'dude foods' will make your mouth water
UK India British Council has set up an advisory board to boost trade relations between the two nations.
News of all that's transpired on and off the football field
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.
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.
France began dreaming of World Cup glory after a two-decade wait after Les Bleus on Tuesday defeated Belgium to reach the final
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!
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.
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.
Here's your weekly digest of the most weird, true and funny news from the across the world.
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.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances