Deepak Roy

MUMBAI: Deepak Roy, the former MD of United Distillers and Vinters India Ltd, with financial assistance from Ashok Wadwa of Ambit Corporate Finance, is close to striking a deal with Guiness UDV to buy out its Gilbey brands and manufacturing operations in India. Industry sources said the deal will be worth between Rs 55-60 crore.

Alcobev entrepreneurs Ravi Jain and Deepak Roy may emerge as significant shareholders in Grover Vineyards after merging their start-up Vallee de Vin with the oldest surviving winery in the country, said sources directly familiar with the matter.

The cosmopolitan make up of Nagpur sees people from different regions making it their homes.

Vijay Mallya’s Bagpiper whisky ended its seven-year stint as the largest selling Indian spirits brand, falling behind Officer’s Choice whisky from the smaller rival Allied Blenders & Distillers (ABD).

A group of hooligans on Friday night targeted a liquor bar employee after he tried to intervene in their fight.The miscreants also ransacked the bar situated at Rani Durgavati chowk.

Three youngsters from the city, who came together with their shared love for photography, are now using their passion as a means to achieve a larger cause.

Work at the Baithakhal Tea Estate in Assam's Karimganj district is suspended for the last two days due to an indefinite strike called by workers.

Celebrating the fellowship of the finest, Grover Zampa Vineyards launched the Vijay Amritraj Reserve Collection, a range of super-premium wines inspired by his legendary feats on the tennis court and iconic style of play.

BANGALORE: In one of the biggest seizure of pirated VCDs and DVDs, the Upparpet police on Tuesday busted a VCD production racket and confiscated goods worth over Rs 1.25 crore, including 3,000 VCDs of blue films.

The number of young entrepreneurs in the city has been on the ups in the past few years, according to entrepreneurship consultancies.

Battle-scarred Kishore Chhabria's Allied Blenders & Distillers (ABD) has started the process to divest around 10% stake to raise Rs 250 crore, or $56 million, valuing itself at around $550 million.

Shoojit Sircar is happy that his long-awaited production 'Runningshaadi' is hitting theatres and he says the delay will not have any adverse affect on the movie as its story has a long shelf life.

The sale of premium Indian Made Foreign Liquor dropped nearly 25% after the state slashed the excise duty on imported alcohol by 50% in November last year, rough estimates from the Confederation of Indian Alcoholic Beverage Companies revealed.

The liquor baron Kishore Chhabria-led Allied Blenders and Distillers (ABD), India’s third-largest spirits company, has acquired Wales Distilleries in West Bengal.

Alcoholic beverage prices may move up as the budget levies 14% service tax on outsourced production of liquor.

Local chapter of Nikhil Bharat Banga Sahitya Sammelan will present a six-hour play Urubhangam on March 15 at Deshpande hall.

Liquor baron Kishore Chhabria led Allied Blenders and Distillers (ABD), India’s third spirits company, has acquired Wales Distilleries Pvt Ltd in West Bengal.

A non-government organization (NGO) in Ankleswar has organized a 4,500km-long car rally from banks of Narmada river in Ankleshwar from May 16.

Normal life was affected in parts of Assam on Friday as a students' union observed a 12- hour bandh in the state over exclusion of members of an indigenous group from the final NRC. Asserting that the updated register, published on August 31, was "full of errors", the All Koch Rajbongshi Students' Union (AKRSU) demanded that members of its community, who have been left out, be immediately included.

BANGALORE: McDowell on Tuesday announced acquisition of 85 per cent equity stake in Triumph Distilleries and Vintners Private Ltd., (Triumph), from financial investors in a composite transaction valued at approximately Rs 60 crore.

NEW DELHI: Deepak Roy, MD of UDV India, is talking to two sets of investors to bid for UDV India’s Gilbey’s whiskey brand portfolio.

The bad times that Vijay Mallya is going through with his airline have spilled onto his staple spirits business with his UB Group now losing the crown as the owners of the world's largest selling whisky brand McDowell's to bête noire Kishore Chhabria's Officer's Choice.

KOLKATA: The United Breweries (UB) Group said on Monday it was planning a slew of launches over the next six months to consolidate its leadership position in the Indian alcoholic beverages industry.

Allied Blenders and Distillers Pvt. Ltd (ABD), India's third-largest spirits company, has purchased 50% ownership rights in the brands Mansion House and Savoy Club from Herman Jansen Beverages Nederland BV.

Fifteen amateur lensmen of the city formed Photography Enthusiastsa Group (PEG) to promote the skill in the city.