Economic TimesLean R·
AB InBev sets aside $30 mn for Telangana dues
Mumbai: Anheuser-Busch InBev, the world's largest brewer, has set aside $30 million against outstanding payments from the Telangana government, highlighting the financial risks of operating in India's state-controlled alcohol market, where delayed payments and restrictions on price increases are squeezing brewers.The disclosure comes amid wider industry concerns over nearly $400 million Telangana owes to alcohol companies in dues. Industry groups have accused the state of breaching accounting r…
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