Sunday, October 25
United Breweries said on Wednesday that it has suspended supplying beer to a state-run corporation in the southern Indian state of Telangana, which will halt sales of popular beer brands such as Heineken and Kingfisher in one of the country's top liquor-selling states. The suspension comes less than a month after Reuters reported that Indian antitrust body raided offices of alcohol giants Pernod Ricard, and Anheuser-Busch InBev to investigate accusations of price collusion with retailers in the Telangana state. United Breweries said the decision to halt was mainly due to significant and ongoing operating losses in the state. "Despite our continuous efforts over the past two years, there has been no increase in the base prices offered for our products. This has resulted in escalating losses
Delta Corp shares rose over 7% to Rs 117.4 in Wednesday’s trade on the BSE after the Supreme Court agreed to hear the online gaming industry’s pleas against GST show cause notices on January 10, CNBC-TV18 reported.The industry has raised concerns about the notices issued by the Directorate General of GST Intelligence (DGGI), which have triggered a tax demand of Rs 1.12 lakh crore from 71 online gaming companies.The online gaming sector is contesting the GST show cause notices issued by the Directorate General of GST Intelligence (DGGI), which have led to a tax demand of Rs 1.12 lakh crore from 71 online gaming companies. Including penalties, the total demand could rise to Rs 2.3 lakh crore, putting pressure on the sector.Also Read: Choppy Q3 results could trigger some downgrades for In
The government is planning to make it mandatory for domestic airlines to share weather data captured by aircraft during takeoff and landing with the IMD, which senior officials say will significantly enhance forecasting capabilities. M Ravichandran, secretary in the Union Ministry of Earth Sciences, told PTI that his ministry had been in discussions with the civil aviation ministry on the matter, and providing weather data would be "made mandatory for domestic airlines within a year". "It has to be mandatory... It will not only be very useful for airline operations but also for weather forecasts everywhere," he said. The earth sciences ministry secretary said weather forecasts depended largely on the number of observations collected. "The more observations we have, the better our predictio
