BREWER
Indians battle intense heat with 'mad rush' for air conditioners, beer
Demand for beer in India is at a multi-year high, and air conditioner sales are skyrocketing due to the intense, unprecedented heat affecting parts of the country. Temperatures in the Indian capital Delhi and the western state of Rajasthan have soared to almost 50 degrees Celsius in recent weeks. Scientists attribute the increasingly severe hot summer to human-driven climate change.
Europe's STOXX 600 falls as tech, banks drag
European shares fell on Friday, with Carlsberg Group dropping 8% after Britvic rejected its $3.9 billion takeover bid, causing a 0.3% decline in the STOXX 600.
UBL, AB-InBev, Carlsberg jointly form Brewers' Association of India
The Brewers' Association of India (BAI) was officially launched by the country's leading beer manufacturers, United Breweries (UBL), AB-InBev, and Carlsberg, in partnership with the World Brewing Alliance (WBA). This new industry body aims to drive innovation, moderation, and sustainability in the Indian beer market. UBL, AB-InBev, and Carlsberg together hold about 85 per cent of the beer sales in India, with UBL leading the market with brands like Kingfisher and Heineken.
Top beer companies launch a new brewers association in India, backed by World Brewing Alliance
Brewers Association of India (BAI) is being established in partnership with the World Brewing Alliance (WBA), the global industry body consisting of brewers and brewing trade associations from Australia, Canada, the UK, the USA, Europe, Japan, Korea, Latin America, Brazil, New Zealand, Nigeria and now India. The goal of WBA is to exchange knowledge and best practices among brewers and other stakeholders.
AB InBev keen to invest Rs 400 crore for expanding brewery operations in Karnataka
A Karnataka delegation led by Karnataka's Large and Medium Industries Minister M B Patil held discussions with executives of AB InBev on Wednesday at the World Economic Forum annual meeting in Davos, the Minister's office said in a statement.
Chicago Cubs appoints Craig Counsell as manager
The team confirmed the decision to relieve David Ross of his duties as the Major League Manager in an official statement, expressing appreciation for his significant contributions both as a player and as a manager. Cubs President of Baseball Operations Jed Hoyer extended gratitude to Ross for his leadership and recognized his pivotal role in the 2016 World Series triumph.
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Los Angeles Dodgers face familiar playoff peril as Arizona Diamondbacks take 2-0 series lead
For the second consecutive game, the Dodgers, a team boasting 100 regular-season victories and a dominant summer performance, watched their starting pitcher stumble while their offense squandered scarce opportunities to compensate. Once again, they succumbed to the tenacious Arizona Diamondbacks, a team with 16 fewer regular-season wins, this time falling by a 4-2 margin. This perilous situation now places them at risk of an early exit, an unsettling prospect against a divisional opponent they typically dominate.
Belgium toasts its beer riches with new visitor centre
Belgium is opening a new visitor centre in Brussels to promote its beer-making heritage and culture. The Belgian Beer World, located in the former Brussels Stock Exchange, will showcase the history of Belgian production and what sets Belgian beer apart from others. Visitors will learn about the different fermentation methods and the tradition of each beer having its own branded glass.
Milwaukee Brewers places Julio Teheran in injured list, calls up replacement. Details here
In response to Julio Teheran's placement on the disabled list, the Milwaukee Brewers called up right-hander Peter Strzelecki from Triple-A Nashville.
Pennsylvania flash floods leave five dead and two children missing
Deadly flash floods claimed lives in Pennsylvania, with five people killed and two children still missing. The region has been battered by storms, causing devastation and prompting warnings of the worsening climate emergency.
Sensex rises! But these stocks fell 5% or more in Thursday's session
In the Nifty pack, 35 stocks closed in the green, while 15 stocks ended in the red.
World's longest snake slithers outside a house terrifies netizens, video goes viral on Twitter-Watch
A video of the world's longest snake, a reticulated python, slithering on a porch has gone viral on Twitter, sparking horrified reactions from some users
Julia Hartley-Brewer accused of using word ‘autistic’ as insult to attack Greta Thunberg
TalkTV host Julia Hartley-Brewer was slammed for her ‘disgusting’ tweet insulting Greta Thunberg’s autism.
Sensex rises! But these stocks fell 5% or more in Thursday's session
In the Nifty pack, 27 stocks closed in the green, while 23 stocks ended in the red.
Anheuser-Busch InBev launches Budweiser Magnum whiskey in India, a first for the brewer globally
The company has partnered Sazerac, which has a stake in John Distilleries, to make the whiskey brand Budweiser Magnum in its Goa factory. The brand is made with a corn whiskey blend imported from US mixed with Indian malt, and will be initially sold in Goa, Maharashtra and Haryana.
UK weather forces retailers to offer discount on winterwear. Details here
As the UK's warm weather continues, shoppers are delaying purchasing their winter garments. This trend is worrying retailers.
UK Minister Lucy Frazer talks about 40 new hospitals on chat show. Check audience's reaction
During her appearance on Question Time, Tory MP Lucy Frazer received disbelief and laughter after claiming her government built "40 new hospitals".
Budweiser brewer plans to enter new segments in India
Globally, brewers including Heineken and Carlsberg have steered clear of spirits segments and at most have only ready to drink products in their portfolio, making the move by AB InBev a first by any beer maker to enter these segments. The company is piloting Mike's seltzer and will launch blended scotch and premium gin in the fourth quarter of the calendar year.
Starbucks to allow members in US to collect, buy Polygon-based NFTs. Read details
Starbucks will allow members in the US to collect and buy Polygon-based NFTs. Cointelegraph says the members' points will increase with a rise in the collection of stamps and will allow members to get unique experiences.
Sensex rises! These stocks are up over 10% on BSE
In the Nifty 50 index, 38 stocks were trading in the green, while 12 stocks were trading in the red.
Parag Agrawal of Twitter, Zoom’s Eric Yuan & other CEOs will transform businesses & innovations in 2022
Some executives took on prominent new CEO positions this year that are worth watching.
It’s last call for cheap beer
Barley prices are largely to blame for the rising beer costs, after dry weather scorched fields in North America, which typically produces enough barley to account for about 20% of global commercial beer production.
Brewers expect a long, dry summer as Covid-19 cases continue to surge
Brewers in India have been facing low demand for almost two summers now. In 2019, the Indian Premier League cricket tournament and summer months, which have both historically boosted demand for beer, failed to revive the segment which was hurt by the general elections and consequent dry days.
Power drinkers: Aussie brewer offers beer for excess solar energy
How about a cool beer in exchange for your excess solar power? That's the offer from Asahi Group's Carlton and United Breweries (CUB) in Australia, serving up Victorian Bitter to households who have rooftop solar power to spare, in what the companies involved believe to be a world first.
AB InBev to come up with domestic abuse policy
Under the policy, which is gender-neutral, AB InBev employees would be offered support in the form of flexible work timings and access to employee assistance programme as well.
Molson Coors sells India business to Inbrew Holdings
US brewer Molson Coors has agreed to sell its Indian unit to Singapore-headquartered Inbrew Holdings. While the companies did not disclose the deal size, industry insiders estimated it at about ₹1,000 crore.
Indian environment, highly uncertain and volatile: Carlsberg CEO Cees't Hart
The world's third-biggest brewer said its Indian business at off-trade or retail channel fell 40% in the quarter ended September. Also, many restaurants, bars and pubs that account for nearly a third of beer sales, have either shut or opened last month.
Brewers seek nod for home delivery
Aiba, which represents 83 manufacturing breweries including United Breweries, Carlsberg, Bira, and Molson & Coors, has proposed creating special licenses for private ecommerce and food delivery companies.
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