--Diageo PLC's Indian arm United Spirits Ltd. has halted whiskey sales in some states to push price hikes amid a standoff with state authorities over price caps, Bloomberg reports.

--The price caps have already cost the liquor maker almost $9 million in sales and could lead to a hefty loss of revenue across its portfolio, according to Bloomberg.

--As each state has its own alcohol prices, Diageo is lobbying for the inclusion of the nationally applied goods-and-service-tax and a mechanism to allow pricing to rise with inflation, United Spirits CEO Hina Nagarajan told Bloomberg in an interview. It is currently in talks with up to five states, she said.

Full story: https://bloom.bg/3dYXdGR

Write to Michael Susin at michael.susin@wsj.com

(END) Dow Jones Newswires

August 26, 2022 06:05 ET (10:05 GMT)

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