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Sugar price up on UP ban
The Mayawati government’s decision to ban import of raw sugar into Uttar Pradesh has sent sugar prices soaring. Ex-mill sugar price in the state is at a record high of Rs 3,700 a quintal, up 7-8 per cent from a month ago, though crushing season is on.

Ford to up India output by over 30% ahead of festive season
American car major Ford today said it will increase vehicle production in India by over 30 per cent from this month to meet increased demand in the upcoming festival season.

News of the day

Growth forecast falls to 6% in RBI survey
Professional forecasters have added to Reserve Bank of India (RBI) Governor Duvvurri Subbarao’s dilemma on timing the exit from an accommodative monetary policy stance.
Public Relations

United Spirits acquires Tern Distilleries

United Spirits today acquired the entire share capital of Tern Distilleries (Tern) based in Andhra Pradesh for Rs 13.42 crore. Consequent to this acquisition, Tern has become a wholly owned subsidiary of United Spirits. - McDowell to use soccer platform for promoting rum brand - United Spirits Q2 net dips 25 per cent - United Spirits Q2 net down 25% at Rs 69 cr - Bagpiper punch for Diageo - USL raises Rs 1,615 cr in QIP; to repay debt - United Spirits raises Rs 1,615 cr through QIP Tern is engaged in the business of alcoholic beverages and has its manufacturing facility at Thallapalem in Visakhapatnam district.


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