Mumbai: Morgan Stanley resumes coverage of United Spirits Ltd with an "overweight" rating and a target price of Rs 3,115. The investment bank says new owner Diageo Plc could implement a greater focus on profitable growth for the liquor maker.
Morgan Stanley says United Spirits could also focus on the "prestige" liquor segment, improving margins.
The bank also expects capital efficiencies, reduced leverage, strengthened leadership, and consistent disclosures to boost United Spirits' shares. As of 11.07 am, United Spirits shares were up 4.2 per cent at Rs 2,507.
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11:50 AM, May 22, 2013
Noida: The poor law and order in Uttar Pradesh was once again highlighted on Monday night when five drunken men opened fire in Noida's Film City, the hub of several national and regional news channels. The men first consumed alcohol and then opened fire. Uttar Police reached the spot after getting the information and arrested all the five accused. The police recovered a pistol, a revolver and also seized their...
11:22 AM, May 21, 2013
Panaji: The current ban in Goa on issuing licenses for new liquor retail outlets will continue to be in effect till June end, a senior official said on Monday. "The state government has decided not to issue any new licenses for the retail sale of liquor in the state till June end this year. The applications received for new outlets are not being considered by the department for the time...
02:53 PM, May 13, 2013
Bhubaneswar: Opposition BJP in Odisha on Friday demanded resignation of state finance minister Prasanna Acharya in the wake of a Commission finding fault with the drugs administration for spurious liquor tragedy of February 2012 that claimed 41 lives. "Acharya, who was then the state's health minister should resign from the ministry on moral grounds," BJP state president KV Singhdeo demanded at a media conference Bhubaneswar. Though the then excise minister...
01:30 AM, May 11, 2013
Bangalore: Sale of liquor across Karnataka is banned for 24 hours from 6 pm on Tuesday and taking out of processions barred in Bangalore from 6 am to midnight on Wednesday in view of Assembly poll vote count in the state. Counting of votes polled on Sunday will take place in 36 centres across the state, according to election authorities. While an official release said liquor sale will not be...
10:00 PM, May 07, 2013
London: Got a drinking problem? Pop this pill! A new once-a-day pill which could help problem drinkers reduce the amount of alcohol they consume has been launched in the UK. Manufacturers claim that dependent drinkers who take the drug nalmefene and undergo counselling can cut their alcohol consumption levels by 61 per cent. The pill, also known as selincro, has been licensed for use by health officials in the UK...
04:25 PM, May 06, 2013
Hyderabad: Andhra Pradesh Chief Minister N Kiran Kumar Reddy on Sunday promised to shut down, in a phased manner, "belt shops" or illegal outlets of licensed liquor shops spread across the state. He made the announcement while addressing a public meeting at Eluru in West Godavari district when union Rural Development Minister Jairam Ramesh made a fervent appeal. Ramesh said the chief minister should take the initiative as the women...
04:47 AM, May 06, 2013
New Delhi: In the wake of increasing rapes and other crime against women across the country, Andhra Pradesh has reportedly barred women from clubs, pubs and bars after 10 pm. The State government has also banned those under 21 from these places at any hour, despite the legal age for drinking in the country being 18. The state government on May 3 issued a notification telling clubs, pubs and bars...
04:59 PM, May 04, 2013
Kendrapara (Odisha): Grudging over growing alcoholism among local youths, a group of women attacked a liquor shop at Choudkulat in Kendrapara district, police said on Thursday. The women picketed in front of the shop and attacked it before police reached the area and controlled them on Wednesday. "We have drawn the attention of the district administration and sought closure of the shop located close to schools and a temple. However,...
02:04 PM, Apr 18, 2013
Thiruvananthapuram: Liquor sales touched an all-time high in Kerala at Rs 8,841 crore for fiscal 2012-13, show figures. Figures provided by the sole wholesaler of Indian Made Foreign Liquor (IMFL) and beer, the state-owned Kerala State Beverages Corporation (KSBC), shows that the overall sales jumped from Rs 7,860 crore in 2011-12 to a record Rs 8,841 crore in the last fiscal (2012-13). "By way of taxes, the state government got...
02:34 PM, Apr 06, 2013
A Delhi court on Monday ordered initiation of proceedings to declare as absconders eight accused who could not be traced and questioned by police over the killing of liquor baron Ponty Chadha and his brother Hardeep in November 2012. The eight accused, all belonging to Uttar Pradesh, could be declared proclaimed offenders by the court if they fail to appear before it March 11, said Additional Chief Metropolitan Magistrate Mukesh...
10:50 PM, Jan 28, 2013
A liquor factory of slain and controversial industrialist Ponty Chadha was on Friday sealed by Punjab Pollution Control Board here and a case was also registered against its management for violating norms. The board took action as the factory was violating pollution control norms, officials said in Gurdaspur. ...
12:37 AM, Dec 29, 2012
As Maharashtra Police tried to play spoilsport, the state government has given a go ahead to allow serving of alcohol through the night on December 31 and January 1. ...
08:24 AM, Dec 27, 2012
The Chinese military has been asked to strike off luxury banquets and liquor from its list of do's while hosting receptions for high-ranking officers, under a new austerity-cum-simplicity drive. According to new regulations, such receptions should be kept simple and devoid of pomp. ...
04:41 AM, Dec 23, 2012
Vadodara: The few authorised liquor shops in Gujarat selling Indian Made Foreign Liquor(IMFL) to those holding permits have been asked to remain shut till December 17 in view of the assembly elections, official sources said. Though Gujarat practices prohibition, there are 30 odd liquor shops located in different cities where those issued liquor permits on health grounds as also foreigners are allowed to buy IMFL, sources said. These shops have...
03:57 AM, Dec 12, 2012
Patna: Three more people died on Tuesday after drinking spurious liquor in Gaya district, taking the total number of hooch deaths in Bihar this month to 28. Almost a dozen others are battling for their lives in hospital. The deaths also took place Monday night in Rampur Bhuin Toli and Shastri Nagar Bhuin Toli areas, police officer Rakesh Dubey said. The victims complained of stomach pain and threw up after...
08:23 PM, Dec 11, 2012
Gaya: Eight persons have died in Gaya district after drinking illicit liquor, taking the total number of hooch deaths in Bihar this month to 28. Of the victims, seven persons died in Rampur Police station area and one in Cherki police station area on Monday night, while four were admitted to the Anugarh Narayan Magadh Medical College, Deputy Superintendent of Police Rakesh Dubey said. Bihar DGP Abhyanand has asked Deputy...
02:20 PM, Dec 11, 2012
Ara: Five more persons have died after drinking spurious liquor taking the toll to 13 on Saturday in Anaith village and adjoining areas under Nawada police station area in Bihar's Bhojpur district, a police official said. "The toll in the hooch tragedy has risen to 13 in the past 24 hours and the casualties may go up as a search is being made in the village and adjoining localities to...
02:10 PM, Dec 08, 2012
Patna: At least seven people, including a woman, died after they consumed spurious liquor in a village in Bihar's Bhojpur district, police said on Friday. The incident happened late Thursday in Anitha village in Bhojpur district. The villagers started complaining of stomach pain and began vomiting after consuming the liquor. "Police were informed Friday morning about the deaths due to spurious liquor," a district official said. A probe has been...
11:54 AM, Dec 07, 2012
New Delhi: Investigators believe that Sukhdev Singh Namdhari, arrested in connection with the Ponty Chadha case, had tried to destroy evidence regarding the pistol he allegedly used to fire during the killing of the brothers in a south Delhi farmhouse. Delhi Police had on Sunday recovered a 7.62 mm pistol from Namdhari's house in Uttarakhand. Sources said it appeared that Namdhari allegedly manipulated the pistol. "We are awaiting expert opinion...
08:52 PM, Nov 26, 2012
