CCI approves Diageo-United Spirits deal

Feb 28, 2013, 08.36 PM IST

Competition Commission of India has approved a proposal by UK drinks group Diageo to buy a stake in United Spirits , controlled by liquor baron Vijay Mallya, its website showed on Thursday

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CCI approves Diageo-United Spirits deal

Competition Commission of India has approved a proposal by UK drinks group Diageo to buy a stake in United Spirits , controlled by liquor baron Vijay Mallya, its website showed on Thursday

Like this story, share it with millions of investors on M3

CCI approves Diageo-United Spirits deal

Competition Commission of India has approved a proposal by UK drinks group Diageo to buy a stake in United Spirits , controlled by liquor baron Vijay Mallya, its website showed on Thursday

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Competition Commission of India has approved a proposal by UK drinks group Diageo to buy a stake in United Spirits , controlled by liquor baron Vijay Mallya, its website showed on Thursday.

Diageo agreed in November to buy a 53.4 percent stake in United Spirits Ltd for USD 2.1 billion.

Also read: Diageo may remove put option from USL deal

To download current article in Word format, click here.

highlights

• No case to revise direct tax rates, slabs
• Super rich tax: 10% surcharge on income above Rs 1 cr
• Increase excise duty on SUV's from 27% to 30%
• No change in standard rate of excise duty, service tax

flashes

• Budget Reaction: Fitch Says Policy Implementation To Be Key Driver Of India Rating
• Budget Reaction: Fitch Says Believe Policy Execution Will Be Challenging
• Budget Reaction: Fitch Says Public Finances Vulnerable To Further Growth Slowdown
• Budget Reaction: Fitch Says Commitment To Fisc Cons, Despite Poll, Encouraging

more »

InterpretationS

• GAAR-Presumes tax benefit unless proved contrary
• MFs covered for deductions u/s 80CCG
• Excise duty increased on mobile phones of Retail Sale Price (RSP) more than Rs 2000
• ED on readymade garments exempted: positive textile sector

more »

SECTOR IMPACT

Select Sector to see impact

• Auto - Cars & Jeeps
• Auto - LCVs/HCVs
• Banks - Private Sector
• Banks - Public Sector
• Cigarettes
• Computers - Hardware
• Computers - Software - Training
• Construction and Contracting - Real Estate
• Electricals
• Engineering - Heavy
• Finance - General
• Finance - Investments
• Infrastructure - General
• Leather Products
• Media & Entertainment
• Mining/Minerals
• Miscellaneous
• Personal Care
• Pesticides/Agro Chemicals
• Power - Generation/Distribution
• Refineries
• Shipping
• Sugar
• Textiles - Denim
• Textiles - General

Textiles - General

18:52 pm

Exice Duty on readymade garments exempted +ve for textile sector

TAX AND YOU

Retired Person

REACTIONS

reaction on: Business

Anirudh Dhoot

President- CEAMA & Director | Videocon

reaction on: Markets

Dipen Shah

Head of PCG(Private Client Group) Research | Kotak Securities

reaction on: Markets

R Venkataraman

Managing Director | India Infoline

reaction on: People

Marzin R Shroff

CEO - Direct Sales & Sr VP- Marketing | Eureka Forbes

reaction on: Business

George Alexander

MD | Muthoot Fin

What got Cheaper / costlier?

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