FIFA and Qatari organizers were in late talks about whether beer would be sold in stadiums during the tournament, which begins on Sunday.

Budweiser, the King of Beers is taking over Qatar with the sponsorship of the Qatar World Cup. Local officials are close to blocking alcohol from the events while executives are trying to maximize the return on investment of the contract. Qatar World Cup and Budweiser contract Signs appeared as the Qatar Distribution Company, the nation’s […]

New Delhi Delhi India NewsVoir Anheuser-Busch InBev the largest beer brewing company with a legacy of brewing 500 brands likes of Budweiser Corona Stella Artois and others across 100 countries launched its 2022 edition of the Beer Garage Global Accelerator Program on 20th April 2022 The event was launched for two geographies-APAC and Africa edition with 500 audience comprising of Startups VCs Accelerators Corporates and Ecosystem Enablers logging in virtually to attend the event Beer Garage is the global tech innovation arm of AB InBev which drives innovation by building a robust network of ecosystem players such as startups SMEs innovators academia and venture capitalists The accelerator program aims to fast-track innovation and transformation by finding disruptive ideas that will help the company lead category growth in the coming years In its 2022 avatar the program focuses on solving existing business challenges and future leaning problems cutting across Sales Marketing Supply Chain Packaging Future tech Sustainability Route to Market and Fintech Program is now accepting applications from Early Stage and above startups across the globe to solve specific problem statements In APAC the brewing giant is looking for startups to launch solutions in the space of Social Commerce Targeted Marketing Salesforce Enablement Sustainable Packaging Innovation Supply Chain Optimization and current leading trends like Metaverse eSports and Gaming For Africa Market the problem statements will focus towards Sustainable Packaging Reverse Logistics Last Mile Delivery 3P Lending POS Devices NFT Metaverse and more The selected startups will get an opportunity to win equity free paid proof of concept upto USD 50000 global expansion access to investors new customers global mentors and leaders along with geographical expansion through the brewing giants global footprint across 100 markets The entries for startup accelerator are open till 11th May 2022 Interested startups can apply for the program by submitting their pitch at Innovation Shots by Beer Garage after which the applications will be screened for the final leadership pitch leading up to final cohort announcement by early June Luiz Gondim Global SVP Innovation Anheuser-Busch InBev said Innovation is at the forefront of all that we do at Beer Garage and the accelerator is just a reflection of that Our aim through the program is to ensure that all tools are available for startups to drive exponential value for our customers and consumers and help the startups scale up in their growth journey Carmel Appel Raskin Senior Global Director of Tech Innovation at Beer Garage added Innovation drives our commercial strategy supply chain support systems for our colleagues and recruitment of future talent It also plays a major part in taking startups to the next level and after the immense response to the accelerator program in 2021 and the positive impact to the business it was evident that there is demand to scale it up this year Last year the program received 1500 applications pouring in from over 60 countries across 27 business challenges-Cosmose Mai Neural Sense Quiltai and Tripplo were the final five startups selected for the proof of concept Mai provides a fully automated video shopping solution which allows consumers to employ AI computer vision technology and use personalization and e-commerce bidding systems to make online purchases Cosmose AI understands predicts and influences how billions of people shop offline by seamlessly adding data-driven actionable insights back to their online and digital assets Neural sense is a neuromarketing company conducting neuroscience driven market research Quiltai is a fast and scalable technology platform to get human insights through big data signals Tripplo is automated software platform to optimize logistics and transportation Further by collaborating with startups that are at the cutting edge of innovation the Beer Garage Accelerator enables AB InBev to find answers to its business challenges while at the same time helping the brand widen its impact internationally To know more about the Beer Garage Accelerator Program and upcoming events follow us on our Social Media handles LinkedIn wwwlinkedincomcomanyinnovation-shots-by-beer-garage Website innovation-shotscombeer-garage-accelerator Instagram wwwinstagramcominnovationshotsbeergarage Medium mediumcombeergarageabinbev To learn more about the APAC problem statements interested startups can join the APAC Roadshow on 29th April 2022 Register here To learn more about the Africa problem statements register here for the upcoming Reverse Pitch on 26th April 2022 Image 1 Application Process Image 2 Africa edition themes PWR PWR

New Delhi Nov 18 PTI Moving quickly towards ending a retrospective tax dispute with a firm that gave India its largest oilfield the government has accepted Cairn Energy PLCs undertakings which would allow for the refund of taxes sources said Meeting the requirements of the new legislation that scraps levy of retrospective taxation the company had earlier this month given required undertakings indemnifying the Indian government against future claims as well as agreeing to drop any legal proceedings anywhere in the world The government has now accepted this and issued Cairn a so-called Form-II committing to refund the tax collected to enforce the retrospective tax demand two sources with direct knowledge of the development said Following the issuance of Form-II Cairn will now start withdrawing all cases in international courts Once this is complete the company will be issued a Rs 7900 crore refund they said adding the withdrawal of cases may take up to three-four weeks While a Cairn spokesperson did not immediately respond to requests for comments a senior finance ministry official confirmed the government accepting the companys undertakings Seeking to repair Indias damaged reputation as an investment destination the government in August enacted new legislation to drop Rs 11 lakh crore in outstanding claims against multinationals such as telecom group Vodafone pharmaceuticals company Sanofi and brewer SABMiller now owned by AB InBev and Cairn About Rs 8100 crore collected from companies under the scrapped tax provision are to be refunded if the firms agreed to drop outstanding litigation including claims for interest and penalties Of this Rs 7900 crore is due only to Cairn Subsequent to this the government last month notified rules that when adhered to will lead to the Centre withdrawing tax demands raised using the 2012 retrospective tax law and any tax collected in the enforcement of such demand being paid back For this companies were required to indemnify the Indian government against future claims and withdraw any pending legal proceedings Cairn on November 3 had stated that it has entered into undertakings with the Government of India in order to participate in the scheme introduced by recent Indian legislation the Taxation Laws Amendment Bill 2021 allowing the refund of taxes previously collected from Cairn in India Cairns undertaking furnished in Form No1 under the rule 11UE1 of the amended law have been accepted by the Principal Commissioner for Income Tax the sources said The August legislation cancelled a 2012 policy that gave the tax department power to go back 50 years and slap capital gains levies wherever ownership had changed hands overseas but business assets were in India The 2012 legislation was used to levy a cumulative of Rs 110 lakh crore of tax on 17 entities including UK telecom giant Vodafone but nearly 98 per cent of the Rs 8100 crore recovered in enforcing such a demand was only from Cairn India issued Cairn with tax claims six years ago and in December 2020 the company won an international arbitration against such demands The international arbitration tribunal in December overturned a levy of Rs 10247 crore in taxes on a 2006 reorganisation of Cairns India prior to its listing and asked the Indian government to return the value of shares seized and sold dividend confiscated and tax refund withheld This totalled USD 12 billion plus interest and penalty The government initially refused to honour the award forcing Cairn to identify USD 70 billion of Indian assets from the US to Singapore to enforce the ruling including taking flag carrier Air India Ltd to a US court in May A French court in July paved the way for Cairn to seize real estate belonging to the Indian government in Paris All these litigations will now be dropped sources added PTI ANZ ANZ ABM ABM

New Delhi [India], September 25 (ANI): The Competition Commission of India (CCI) has passed a final order against three beer companies for indulging in the cartelisation of sale and supply of beer in various States and Union Territories in India, including through the platform of All India Brewers' Association (AIBA), informed the Ministry of Corporate Affairs on Friday.

New Delhi Sep 24 PTI Competition Commission on Friday imposed penalties totalling over Rs 873 crore on United Breweries Ltd Carlsberg India All India Brewers Association AIBA and other individuals for cartelisation in the sale and supply of beer in various states and Union TerritoriesA final order has been passed against three beer companies -- United Breweries Ltd UBL SABMiller India Ltd now renamed as Anheuser Busch InBev India Ltd AB InBev and Carlsberg India Private Ltd CIPLThey have been found to be indulging in cartelisation in the sale and supply of beer in various States and Union Territories in India including through the platform of All India Brewers Association AIBA an official release saidAs AIBA was found to be actively involved in facilitating such cartelisation the Competition Commission of India CCI has also held to be contravening the competition lawGiving benefit of reduction in penalty 100 per cent to AB InBev and its individuals 40 per cent to UBL and its individuals and 20 per cent to CIPL and its individuals the release saidThe fines on UBL and Carlsberg India are nearly Rs 752 crore and Rs 121 crore respectively A fine of over Rs 625 lakh has been imposed on AIBA and various individuals have also been fined by the regulatorThe CCI directed UBL and CIPL to pay penalties of approximately Rs 750 crore and Rs 120 crore respectively besides passing a cease-and-desist order the release saidThe period of cartelisation was considered to be from 2009 to at least October 10 2018 with CIPL joining in from 2012 and AIBA serving as a platform for facilitating such cartelisation since 2013 All three beer companies were lesser penalty applicants before the regulatorAs per the release October 10 2018 was the date on which the Director General DG conducted search and seizure operations at the premises of the beer companies PTI RAM BAL BAL