Latest news with #UnitedBreweries
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Business Standard
5 hours ago
- Business
- Business Standard
Stocks to watch today, June 3: Adani Group, UBL, HCLTech, Glenmark Pharma
Stocks to Watch today: Adani Group stocks, United Breweries, HCL Tech, Glenmark Pharma, NTPC Green and Jindal Stainless are among the stocks to watch on Tuesday, June 3, 2025 Sai Aravindh Mumbai Stocks to Watch Today, Tuesday, June 3, 2025: Indian benchmark indices are likely to open flat with a slight positive tilt, continuing their consolidation phase amid renewed selling by foreign portfolio investors. GIFT Nifty hinted at a slightly higher start for domestic stocks. The early indicator was up 28 points or 0.12 per cent at 24,855 as of 7:20 AM. Stocks in Asia got off to a cautious start as investors remain on edge about whether the leaders of the two biggest economies will hold a conversation to calm trade tensions. Last checked, Japan's Nikkei was higher by 0.4 per cent while China's CSI 30 was up 0.3 per cent. According to reports, Beijing has yet to confirm whether Xi Jinping will participate in a call that the White House is hinting at for this week. This comes after the two countries accused each other of violating a trade agreement reached last month. Meanwhile, Wall Street ended higher as heavyweight tech stocks drove benchmarks higher. The S&P 500 index rose by 0.41 per cent while the Dow Jones Industrial Average was up 0.08 per cent. Back home, on Monday, the BSE Sensex settled 77.26 points or 0.09 per cent lower at 81,373.75, while the Nifty50 fell 34.10 points or 0.14 per cent to end at 24,716.6. FIIs sold shares worth ₹2,589.4 crore, while DIIs net bought equities worth ₹5,313.7 crore. Meanwhile, below are some stocks to watch during today's session: Adani Group stocks: Billionaire Gautam Adani's conglomerate has once again come under the crosshairs as its companies are under investigation by US prosecutors. The authorities are probing whether Adani's firms brought Iranian liquefied petroleum gas (LPG) into India via the Mundra port, which his company operates. The company 'categorically denies' any such wrongdoing. United Breweries: The beer maker has announced plans to wind up operations at its Mangalore brewery unit in Karnataka with effect from June 30, 2025. The move is part of a consolidation effort in its brewery operations, and the company plans to expand its Mysuru brewery. HCLTech: The information technology (IT) major announced a partnership with US software firm UiPath to accelerate AI-led agentic automation for the latter's customers globally. The company said the partnership will automate business processes with less need for human intervention. Glenmark Pharmaceuticals: The pharma company's arm, Ichnos Glenmark Innovation (IGI), shared encouraging early results from a new cancer drug being tested on patients with a difficult form of blood cancer. The drug, called ISB 2001, in a single treatment and has shown strong response rates in patients who have already undergone multiple prior therapies. NTPC Green: Honeywell announced a partnership with NTPC Green Energy to jointly explore producing sustainable aviation fuel (SAF) in India. The companies will explore the use of Honeywell's proprietary eFining technology to produce SAF from carbon dioxide (CO₂) feedstock captured from NTPC's power plants and green hydrogen. Jindal Stainless: The company said it has acquired a special purpose vehicle (SPV) to generate 282 megawatt (Mw) of hybrid renewable energy for the supply of clean energy to its manufacturing plants. The company has acquired a 33.64 per cent equity stake as of the date. Ashok Leyland: The flagship company of the Hinduja group has recorded a 5 per cent rise in its sales of trucks, buses and light commercial vehicles, in domestic and overseas markets in May, by selling 15,484 units. The cumulative sales till May during this fiscal remained flat at 28,905 units, as against 28,953 units sold in the same period (April-May) of last year. UCO Bank: The state-run lender appointed Sumit Khandelwal as its new chief financial officer (CFO) with immediate effect. Khandelwal, who previously served as the general manager and the zonal head of the bank's New Delhi zone, replaces Sujoy Dutta as CFO. Man Industries: The company has approved a proposal to raise up to ₹300 crore through a preferential allotment of convertible warrants and equity shares to the promoter group entity and non-promoters, respectively.
Time of India
3 days ago
- Business
- Time of India
Minister Timmapur launches cash deposit initiative to attract students to govt schools
Bagalkot: Provision midday meals, scholarships, fee concessions, free textbooks, other study materials and uniforms are all aimed at ensuring that children are attracted to school and get educated. Tired of too many ads? go ad free now Even with all this luring, there have been instances of enrollment of students to primary schools, especially govt Kannada Primary Schools in Karnataka being poor. Several Govt Kannada Primary Schools in many villages of Bagalkot district are facing acute shortage of students, to the extent that the department of primary and secondary education is forced to think of merging some schools with other nearby schools. In villages like Uttur, Hanagandi, Shirol and others, school enrollment has been very poor. The 108 year-old Govt Kannada Primary School in Uttur is the alma mater of excise minister RB Timmapur, who is also the minister in-charge of Bagalkot district. Concerned over the fate of the century-old school where the student strength has dipped to 175, Timmapur has come out with a new scheme to ensure that the children are attracted to the school. Using his clout as the excise minister, Timmapur has roped in United Breweries (UB) Company to provide funds under corporate social responsibility (CSR) to his 'Deposit' scheme to attract the students to join the school. The scheme will be implemented in all the govt Kannada primary schools. Under the 'Deposit' scheme, Rs 2,000 will be deposited in the name of the child that gets enrolled to class 1 in govt kannada primary school. Tired of too many ads? go ad free now Head master of Uttur Kannada primary school, Ashok Bagoji said UB Company has come forward to construct 20 class rooms at a cost of Rs 2 crore under CSR. 'Deposit' scheme is expected to get good response, he said. Just a few years ago, more than 400 children used to study at the Govt model school in Shirol but the strength now has come down to 205. The school development monitoring committee has decided to deposit Rs 1,000 in the name of each child getting admitted to class 1. Motivated by the minister's initiative, several teachers in other primary schools have come forward to deposit money in the name of the children being admitted. In Hanagandi, head master RL Pattar is depositing Rs 1,000 in the name of the child from his own earnings while in Alahur school, another teacher BS Aravatti has chipped into deposit money. SDMC members have also come forward to deposit money in several other schools.
India.com
5 days ago
- Business
- India.com
One slap by his father made this Indian man become owner of Rs 64030000000 business empire, then lost everything due to..., he is now.....
The Kingfisher bird is not just beautiful to look at, it is sharp, swift, and dives from the sky into the water with precision. Much like this bird, Vijay Mallya, famously known as the 'Liquor King' and 'The Man of Good Times,' once flew high with his dream project i.e. Kingfisher Airlines. But just like a sudden dive, his airline crashed from the heights and never managed to rise again. This is the story of Vijay Mallya's rush and mistakes that led to the downfall of his ambitious venture. There was a time when Mallya was a big name across Bollywood, sports, and the business world. But due to poor decisions and mounting debts, the same name is now associated with the label of a 'fugitive.' Vijay Mallya's father, Vittal Mallya, was a well-known businessman in the liquor industry. But young Vijay wasn't interested in either studies or business. It took a hard slap from his father to wake him up and that moment changed everything. Eventually, Mallya took over the family's liquor company, United Breweries Group, the maker of Kingfisher beer. The rise of Kingfisher At a time when most people hesitated to even speak about alcohol openly, Mallya broke all barriers after he started running bold ads on TV and in newspapers. He turned the liquor trade into a glamorous corporate brand. For marketing, he launched the now-iconic Kingfisher calendar featuring top Bollywood models. With catchy tunes like 'Oo La La La Le O…' the Kingfisher brand found a new identity. Vijay Mallya gave alcohol business a stylish makeover, but the same daring approach led him to take big risks and some that eventually backfired. For Kingfisher's advertisements, Vijay Mallya brought in big names like MS Dhoni, Virat Kohli, and Chris Gayle, having them groove to the catchy 'Oo La La La Le O…' tune. Launch of Kingfisher Airlines In 2003, Mallya took a bold step into the airline business and officially launched Kingfisher Airlines in 2005. By then, he had become such a big figure that he gifted the airline to his son, Siddharth Mallya, as a birthday present. The airline was part of his liquor empire, United Breweries. Kingfisher's first flight took off in 2005, operating between Mumbai and Delhi. The airline quickly gained attention for offering unmatched luxury: free meals, comfy seats, onboard entertainment, complimentary beer, and even headphones. Mallya made flying feel like a royal experience. Within just two years, the airline expanded from 4 aircraft to 20 Airbus A320s, covering 26 destinations. At its peak, Kingfisher Airlines had a fleet of 69 aircraft. Mallya made air travel feel grand and luxurious, treating passengers like royalty. But in trying to treat customers like kings, he ended up mismanaging the business. Some say the real reason he started the airline was to promote his beer brand, Kingfisher, on a global scale. The downfall Mallya was in a rush to take the airline international, but Indian aviation rules require a minimum of five years of domestic service before an airline can fly abroad. That impatience led to further complications in his business plans. Vijay Mallya made a huge mistake when he decided to ignore the rules and bought Air Deccan, a low-cost airline, that was already deep in debt and struggling financially. He spent around Rs. 950 crore on the deal. Looking back, this turned out to be one of the worst decisions for both Mallya and Kingfisher. His plan was to use Air Deccan to attract middle-class flyers and start international flights sooner. He wanted Kingfisher to serve the luxury crowd and Air Deccan, rebranded as Kingfisher Red, to target budget travelers. But things didn't go the way he had imagined. People who were paying a premium to fly on Kingfisher's luxury flights now had a cheaper option with Kingfisher Red. As a result, Kingfisher's own flights began to fly with empty seats. While earnings dropped, the costs kept rising. Slowly but surely, the airline started sinking into a mountain of debt. Global financial crisis Then came the global financial crisis of 2008, which made things even worse. Fuel prices shot up, and Kingfisher began cancelling flights. The company had no money left to repay loans or even to pay its staff. What started as a dream of luxury in the skies ended in financial disaster. Kingfisher's journey in the aviation world was short-lived. The airline never managed to make a profit. Over time, it sank deeper into debt, and Vijay Mallya tried to sell the company but no one was willing to buy it. One major issue was that, at the time, foreign airlines were not allowed to invest in Indian carriers. So there were no takers. Things got worse, and in October 2012, India's aviation regulator, the DGCA, cancelled Kingfisher's license. A company that was once the country's second-largest airline had completely collapsed. Mallya's lavish lifestyle Even as his companies were falling apart, Mallya's lavish lifestyle didn't change. While debt kept piling up, he continued hosting grand parties and living in luxury. By 2014, Kingfisher's unpaid loans had crossed Rs. 9,000 crore and were officially declared Non-Performing Assets (NPAs). Eventually, Mallya fled India for the UK, leaving behind a mountain of unpaid loans. Indian banks and agencies began legal proceedings to extradite him. According to Forbes' 2013 Billionaires List, Mallya was worth about USD 750 million (around Rs. 6,400 crore at the time). But due to poor decisions and a flashy lifestyle, his businesses shut down one after another, his debts kept growing, and his fortune kept shrinking.
Business Standard
7 days ago
- Business
- Business Standard
Nifty slides below 24,900 level; FMCG shares decline; VIX rallies 3.49%
The domestic equity benchmarks traded with modest losses in early afternoon trade, tracking weak global cues, as investor sentiment turned cautious ahead of key domestic economic data releases. The Nifty traded below the 24,900 level. FMCG shares declined after advancing in the past two consecutive trading sessions. At 12:30 ST, the barometer index, the S&P BSE Sensex, slipped 376.91 points or 0.46% to 81,799.54. The Nifty 50 index lost 148.55 points or 0.62% to 24,852.60. In the broader market, the S&P BSE Mid-Cap index rose 0.13% and the S&P BSE Small-Cap index added 0.32%. The market breadth was positive. On the BSE, 1,948 shares rose and 1,824 shares fell. A total of 163 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rallied 3.49% to 18.65. The Nifty 29 May 2025 futures were trading at 25,003.30, at a premium of 150.70 points as compared with the spot at 24,852.60. The Nifty option chain for the 29 May 2025 expiry showed a maximum call OI of 139.1 lakh contracts at the 26,000 strike price. Maximum put OI of 111.4 lakh contracts was seen at a 24,000 strike price. Buzzing Index: The Nifty FMCG index slipped 0.22% to 56,922.65. The index advanced 2.61% in the past two consecutive trading sessions. United Breweries (down 1.44%), United Spirits (down 1.14%), Tata Consumer Products (down 0.94%), Godrej Consumer Products (down 0.90%), ITC (down 0.29%), Britannia Industries (down 0.07%), Patanjali Foods (down 0.05%) and Hindustan Unilever (down 0.02%) declined. On the other hand, Radico Khaitan (up 1.17%), Emami (up 0.83%) and Dabur India (up 0.59%) edged higher. Stocks in Spotlight: Brainbees Solutions fell 5.70% after the companys consolidated net loss widened to Rs 76.74 crore in Q4 FY25, compared with a net loss of Rs 51.74 crore in Q4 FY24. Revenue from operations jumped 15.8% YoY to Rs 1,930.32 crore in Q4 FY25. Olectra Greentech dropped 6.22% after the companys consolidated net profit slipped 55.2% to Rs 20.69 crore in Q4 FY25, compared with Rs 46.62 crore in Q3 FY25. Revenue from operations declined 12.89% QoQ to Rs 448.92 crore during the quarter. Venus Remedies soared 11.39% after the company reported a 99.80% surge in consolidated net profit to Rs 21 crore in Q4 FY25 as against Rs 10.51 crore recorded in Q4 FY24. However, revenue from operations decreased marginally to Rs 194.97 crore in Q4 FY25, as against Rs 195.16 crore posted in the corresponding quarter of the previous year.
Time of India
21-05-2025
- Business
- Time of India
United Breweries shares in focus after leasing Andhra facility to ramp up Kingfisher production
Shares of United Breweries Ltd (UBL), India's largest beer maker and part of the HEINEKEN group, will be in focus on Wednesday after the company entered a leasing agreement with Ilios Breweries Pvt. Ltd. to expand its manufacturing capacity in Andhra Pradesh . The move aims to strengthen UBL's supply chain and meet growing demand for Kingfisher and other offerings in the region. The lease arrangement became effective on 20 May, following excise approval a day earlier. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Free P2,000 GCash eGift UnionBank Credit Card Apply Now Undo UBL already operates a wholly owned brewery in Ranasthalam, Srikakulam district. The newly leased facility is expected to boost distribution efficiency and support higher volumes during the peak season. The company attributed the expansion to evolving consumer preferences and regulatory support for lower-alcohol beverages. Also Read: Crompton Greaves, Delhivery among 10 mid-cap stocks analysts expect to rally up to 53% The manufacturing expansion comes on the heels of strong financial results for the January–March quarter. UBL reported a 20.5% year-on-year increase in standalone net profit to Rs 97.4 crore. Revenue rose 8.9% to Rs 2,321.3 crore, while EBITDA jumped 31.2% to Rs 186.3 crore, with margins improving to 8%. Live Events Vivek Gupta, MD and CEO of UBL, said the company expects to maintain double-digit growth in both volume and revenue in FY26, led by premiumisation. Premium beer volumes grew 34% in FY25, and UBL aims to build on this momentum despite a challenging operating environment. Also Read: Street Favourite! SBI, Tata Motors among 10 large-cap stocks analysts expect to rally up to 32% United Breweries share price target According to Trendlyne, the average target price for United Breweries is Rs 2,048, suggesting a potential upside of 1% from current levels. The stock holds a 'Hold' rating from 16 analysts. United Breweries shares price performance United Breweries shares have gained 9% in the past six months and 43% over the last two years. The company's market capitalisation stands at Rs 53,486 crore.
