United Breweries Ltd is quoting at Rs 1407.5, down 0.48% on the day as on 13:24 IST on the NSE. The stock jumped 45.23% in last one year as compared to a 44.24% rally in NIFTY and a 14.98% spurt in the Nifty FMCG index. United Breweries Ltd is down for a fifth straight session…
[ad_1] (Representative Pic)  |  Photo Credit: iStock Images Key Highlights While Revenue surged compared to Q1FY21 which was anyway a weak quarter, there was a 27% dip sequentially Overall volume was up 61% with Popular segment growing slightly ahead at 62% versus Prestige & Above at 60% Adverse product mix impacted realisation growth for the quarter…
[ad_1] Eyeing to get investment in the Ethanol, Assam government has come up with Ethanol Production Promotion Policy 2021. The policy offered a huge range of incentives to investors’ investing in the sector.However, incentives will be applicable to Ethanol units selling their produce to the Oil Manufacturing Companies (OMCs) The State Cabinet has approved the…
[ad_1] MUMBAI (ICIS)–India’s eastern state of Odisha has approved three ethanol projects which are expected to augment the availability of ethanol for blending with auto fuel, a state government source said on Tuesday. State-owned Indian Oil Corp (IOC) plans to set up a 500 kilolitre/day plant at Balgopalpur industrial estate in Balasore. The plant is…
[ad_1] The government informed the Lok Sabha on Monday that the current percentage of blended biodiesel in diesel is less than 0.1%. The MoS for Petroleum and Natural Gas, Rameshwar Teli, informed the lower house of Parliament that the National Policy on Biofuels 2018 represents a target of 5 per cent of blending biodiesel in diesel by 2030….
United Spirits Limited informed the exchanges Tuesday that parties have completed the share transfer formalities and that the Company has received the entire consideration amount. Consequently, Hip Bar Private Limited ceases to be an associate company of the company from today. The company on July 23 had informed that the board of directors approved the…
[ad_1] Over 73 years after Vijay Mallya’s father, the late Vittal Mallya took over as the chairman of United Breweries, the company has now passed on to the new owners, the Dutch-based multinational, Heineken. Heineken said on Friday that it has obtained control of United Breweries, the erstwhile flagship brand of the UB Group. This…
United Breweries reported a consolidated net profit of Rs 30.89 crore in Q1 FY22 as against a net loss of Rs 114.40 crore in Q1 FY21. Net revenue from operations rose 120.6% to Rs 1,119.47 crore in the first quarter as compared with the same period las year. As compared with Q4 FY21, the company’s…
The quantum of sentence in the case, which is infamous as the Mograhat hooch tragedy and dates back to 2011, would be pronounced on Monday, the court said. NINE YEARS on, the Alipore district and se{“type”:”inserter”,”blocks”:[{“clientId”:”0f640469-843a-4d6d-99c0-ab794d489820″,”name”:”core/heading”,”isValid”:true,”attributes”:{“content”:””,”level”:2},”innerBlocks”:[]}]}ssions court on Saturday convicted Nur Islam Fakir alias ‘Khonra Badshah’, the kingpin of a spurious liquor racket that left…
[ad_1] The sleuths have seized spurious liquor worth Rs 3 lakh (Representative Image).  |  Photo Credit: iStock Images Key Highlights The excise department officials in Madhya Pradesh have seized illicit liquor worth Rs 3 lakh The sleuths conducted multiple raids after illicit liquor proved to be fatal for some locals Indore: The Indore excise department on…