India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
Hyderabad, April 6 (RAHNUMA):Liquor and beer prices in Telangana are set to rise, driven by global supply disruptions and surging seasonal demand. The ongoing geopolitical tensions, particularly the war involving Iran and the United States, have impacted fuel availability and natural gas supplies, pushing up production costs. While the demand for alcohol typically surges during the Summer season and moreover, beer sales specifically witness a massive spike during the month of May, reports suggest
Mumbai, June 2 (SocialNews.XYZ) Shares of Piccadily Agro Industries Limited, the Haryana-based distillery best known for its award-winning 'Indri' single malt whisky, have nosedived more than 40 per cent so far this year. On Monday, the company's share price further dropped by 1.67 per cent, or Rs 9.70, during the intra-day trade, adding to the downward momentum. While the shares had shown some short-term recovery -- rising 1.82 per cent over the past five trading days and gaining 7.31 per cent over the last month -- the longer-term picture remains bleak. In the past six months, the stock h ...Read More >
Noida: Liquor revenue in the city jumped by 35% in the first quarter of 2025-26 compared to the same period last year. The city recorded Rs 625 crore in liquor revenue from April to June 2025, compared to Rs 462 crore during the same period in 2024-25.According to excise department data, the revenue in the first quarter of 2023-24 was Rs 430 crore, showing a 7% growth between 2023-24 and 2024-25 and a much larger jump this year.The sharp rise is attributed to the new liquor policy in the state, which made significant structural changes to the retail and licensing system.The month-wise revenue ...Read More >
Chhattisgarh's Economic Offences Wing (EOW) and Anti-Corruption Bureau have filed a fourth supplementary charge sheet against 29 people in a special court in Raipur in connection with the alleged illegal sale of unaccounted and duty-evaded liquor through state-run outlets. The liquor is alleged to have been sold under the protection and coordination of officials, including assistant district excise officers, deputy commissioners. In a statement on Monday, the EOW said that the fresh charge sheet was filed based on digital evidence, financial records, and over 200 witness statements gathered ...Read More >
Hyderabad, July 18 (UNI) In view of the ongoing heavy rains in Hyderabad, Chief Minister A Revanth Reddy has directed all concerned departments to stay on high alert and ensure swift response to public grievances. The Chief Minister instructed officials from GHMC, HMDA, Water Works, Electricity, and Police departments to work in close coordination to prevent any rain-related disruptions. He also emphasised the need for immediate action in areas facing waterlogging, power outages, or other rain-induced issues. CM Revanth Reddy further directed the deployment of SDRF, NDRF, Hydra teams, and ot ...Read More >
VIJAYAWADA: Andhra Pradesh recorded a 6.11 per cent rise in liquor sales value in 2025-26, though overall revenue growth remained marginal. The total sales value increased to '31,237 crore from '29,440 crore. Sales of both Indian Made Liquor (IML) and beer registered significant growth. Despite higher volumes, total revenue rose by only 0.68 per cent, reflecting the impact of pricing changes and reduced contributions from other revenue streams. Year-to-date data from April 1 to March 31 shows IML sales increased from 362 lakh cases to 414 lakh cases, a growth of 14.59 per cent. Beer sales s ...Read More >
Medak: Telangana State BJP President N. Ramchander Rao on Friday appealed to the people to give the committed party an opportunity to meet the aspirations of the poor and downtrodden. Addressing a large gathering of party workers in Medak, the BJP chief remarked that citizens have experienced the rule of the BRS and the Congress party and have had bitter experiences with the deceitful practices of both. He urged people to support the BJP wholeheartedly in the upcoming local body elections as a way to teach the ruling Congress party a lesson for its unfulfilled promises. Rao emphasized that t ...Read More >
Hyderabad: It's not just about holograms, a series of documented exchanges reveal multiple instances of friction between excise minister Jupally Krishna Rao and principal secretary (excise) Syed Ali Murtaza Rizvi, who opted for voluntary retirement. According to official records, in possession of TOI, Jupally had repeatedly raised objections to the way departmental files were handled by Rizvi, alleging that certain actions led to revenue losses for the govt. In one case involving a hotel that sought an extension of its bar licence and a change of premises, the excise commissioner had recommend ...Read More >
UP News Updates: Alcohol lovers in Buland Shahr, Uttar Pradesh, have destroyed all previous sales records during the festive Diwali season. Between October 19 and October 24, alcohol addicts in the district spent Rs 10.47 crore on alcohol in just six days. Additionally, it was a huge success for the Excise Department, demonstrating how enthusiastically and jam-packed the area was during Diwali. The Excise Department has reported that sales of alcoholic beverages have skyrocketed during these six days of the holiday season. Buland Shahr liquor enthusiasts purchased whiskey in every category, b ...Read More >
Lucknow, Jul 9 (PTI) Six states, including Punjab and Karnataka, sent teams to study the Uttar Pradesh's excise policy, which helped the state increase revenue every year, a state minister said on Wednesday. Speaking with PTI, Uttar Pradesh Excise and Prohibition Minister Nitin Agrawal said that teams from six states of Odisha, Madhya Pradesh, Andhra Pradesh, Karnataka, Maharashtra and Punjab visited the state to study the excise policy. Asked about the policy features that were liked by the states, the minister said that the states came to study the UP's revenue model which increased the st ...Read More >
Police recovered a total of 42 cartons of alcohol, loaded on the backs of the camels. Three camels, a band of five men, and narrow dirt tracks in forests. This unlikely setup was the backbone of an illegal liquor smuggling operation into South Delhi -- until Delhi Police busted the racket on Thursday, arresting all five men along with their unlikely accomplices: the camels. According to a police officer, the accused used forest routes to avoid detection, but vehicles often struggled to pass thr ...Read More >
New Delhi, Oct 31 (SocialNews.XYZ) The spending through unified payments interface (UPI) during the festival period (Dussehra to Diwali) increased to Rs 17.8 lakh crore, up from Rs 15.1 lakh crore from the previous year, a report said on Friday. In September, UPI witnessed a seasonally unadjusted month-on-month (MoM) increase of 2.6 per cent in value terms, the report from Bank of Baroda said. The UPI saw 31 per cent transaction count growth (year-on-year) at 19.63 billion in the month of September -- with 21 per cent growth in transaction amount at Rs 24.90 lakh crore, the National Payments ...Read More >
New Delhi: Was it the pitch? Was it the conditions? Was it the bowling? The questions doing the rounds after yet another strange show in good batting conditions by India were many. But with the exception of Shubman Gill, who became just the second Indian captain, after Mohammad Azharuddin, to score hundreds in consecutive matches in England, and Yashasvi Jaiswal, few India batters managed to answer them in a satisfactory manner. After being put into bat by England, India looked like they were in control at various points during the day but then somehow contrived to gift away wickets and end t ...Read More >
NEW DELHI: Five people were arrested for using camels to transport alcohol from Faridabad to Delhi. A total of 42 cartons containing illicit liquor, 24 bottles of beer, and three camels used in the illegal transportation were recovered, police said on Friday. The accused have been identified as Vinod Bhadana (48) and Sunil Bhadana (38), residents of Faridabad; Rahul (22) and Ajay (25), residents of Delhi; and Saurabh (26), a resident of Uttar Pradesh. Sunil was previously involved in a criminal case, Rahul in two cases, and Ajay in one case, according to police. Police said they ramped up l ...Read More >
Srinagar: The Counter-Intelligence Kashmir (CIK) unit of Jammu and Kashmir Police is conducting searches at ten locations across four districts in the Valley. An official told news agency -- Kashmir News Observer (KNO) that the raids are part of an ongoing investigation into a terror-crime case linked to a terrorist sleeper cell and recruitment module handled by Jaish commander Abdullah Ghazi from across the border. The searches are underway at one location in Pulwama, six in Ganderbal, one in Srinagar, and two in Budgam district -- (KNO) ...Read More >
NEW DELHI: Baltej Singh, nephew of Satwant Singh, one of the two bodyguards who had assassinated the then PM Indira Gandhi in Oct 1984, was running an international Meth cartel spanning Canada, India and New Zealand in cahoots with pro-Khalistan elements in these countries. The drug money was funding the so-called Khalistan movement, and Baltej was one of the masterminds and main fundraisers for the anti-India and pro-Khalistan rallies in Auckland, sources said.A probe into his pro-Khalistan drug trafficking ring is likely to begin in Canada.Arrested in Auckland in March 2023 in a case that sa ...Read More >
VIJAYAWADA: The Special Investigation Team (SIT) probing the alleged multi-crore liquor scam during the previous YSRCP regime, arrested Rajampet MP PV Mithun Reddy on Saturday. SIT has arrested 12 persons so far in connection with the case, including former Chandragiri MLA Chevireddy Bhaskar Reddy. Mithun Reddy was named as A4 in FIR registered by CID, and SIT questioned him for more than seven hours before he was taken into custody. It also filed chargesheet in the case. After the Supreme Court denied him anticipatory bail on Friday, Mithun Reddy appeared before SIT in Vijayawada city polic ...Read More >
Mumbai, Jul 18 (PTI) A three-storey chawl collapsed in the western suburb of Bandra here in the early hours of Friday, with at least 10 people feared trapped in the debris, civic officials said. As many as seven people have been rescued from the debris so far and admitted to the civic-run Bhabha Hospital, they said. According to preliminary information, chawl number 37 in the Bharat Nagar area of Bandra East collapsed around 5.56 am. Eight fire engines are at the spot along with teams from the Mumbai police and the Brihanmumbai Municipal Corporation's local ward machinery, an official from ...Read More >
Udaipur: Effective measures including blockades, patrolling, and raids have been implemented as part of a special preventive campaign to curb the illegal manufacturing, storage, transportation, and sale of liquor during the Diwali festival in the state. Actions have been taken across various districts, including Udaipur, Sriganganagar, Bikaner, Hanumangarh, Jaipur, Alwar, and Anupgarh, resulting in the registration of cases.Excise Commissioner Shivprasad Nakate, has directed excise enforcement teams to adopt a zero-tolerance policy against liquor smuggling from other states, illegal transporta ...Read More >
New Delhi, Jul 18 (PTI) The central drugs laboratories have found 55 samples manufactured by various firms in June to be "not of standard quality", health ministry officials said on Friday. Further, state drugs testing laboratories have identified 130 drugs samples as 'not of standard quality', they said. Also Read | Chhattisgarh: 6 Bodies of Naxals Recovered in Ongoing Encounter With Security Forces in Narayanpur. According to routine regulatory surveillance activity, the list of 'not of standard quality' and spurious drugs are being displayed on the Central Drugs Standard Control Organisa ...Read More >
The car had a Maharashtra number plate. Luggage was tied to the roof of the vehicle, which made officials believe that a family had come from Maharashtra to visit Agra. A shocking and heartbreaking incident has come to light from the Taj Mahal complex in Agra, Uttar Pradesh. An elderly man was found unconscious and tied inside a locked car parked near the western gate. The incident has raised serious questions about human sensitivity and responsibility. According to Aaj Tak, the man had been locked inside the car for several hours. The extreme heat and humidity had made his condition critic ...Read More >
NEW DELHI: India's smartphone and electronics industry has raised serious concerns over what it describes as informal but targeted trade restrictions imposed by China. The India Cellular and Electronics Association (ICEA), in a letter to the government, sought swift policy measures to address these unofficial restrictions, which could derail the country's $32 billion export-driven manufacturing ambitions. As per the ICEA letter, India's electronics manufacturing sector remains heavily reliant on China for high-precision tools, specialized machinery, and critical components. Over the past eigh ...Read More >
Hyderabad: Liquor and beer prices are expected to rise from May. Breweries and distilleries have asked for a price hike, reportedly citing global supply disruptions triggered by the US/Israel- Iran war and a sharp rise in production costs due to escalating fuel and natural gas costs. The government has referred the proposals to a judicial committee headed by a retired judge and sought a report within a week, official sources said. Breweries and distilleries said there was a 40 per cent drop in glass production, a 20 per cent increase in bottle costs, and higher raw material expenses due to th ...Read More >
Vijayawada: Chief Minister N Chandrababu Naidu has directed the excise officials to implement state-of-the-art technology like Artificial Intelligence to keep track of the movement of liquor from distilleries to liquor depots and then to the retail shops in real time. This, he said, would help avoid any diversion or lapses. Naidu chaired a review meeting on the excise department with principal secretary Mukesh Meena and other senior officials here on Monday. The CM advised a real-time tracking mechanism for the liquor transportation from distilleries to the AP Beverages Corporation and then ...Read More >
Hyderabad, July 18 (SocialNews.XYZ) Telangana Chief Minister A. Revanth Reddy on Friday urged his Andhra Pradesh counterpart, N. Chandrababu Naidu, not to obstruct Telangana's irrigation projects He appealed to the neighbouring state not to obstruct Telangana's crucial irrigation initiatives, including the Palamuru-Rangareddy Lift Irrigation Scheme, as well as the Dindi, Kalwakurthy, Bheema, Nettempadu, and Koilsagar projects. "We demand Andhra Pradesh not to block our projects. We seek cooperation. If our appeals are ignored, we will fight and achieve our goal. I am ready to lead this battl ...Read More >
PRNewswire Chandigarh [India], July 15: Chandigarh University, India leading private university, in collaboration with job platform Apna and investment firm Venture Catalysts (VCats) have launched Campus Tank, India first university-led Startup launch-pad for young innovators below the age of 30 to pitch their ideas and get funding of $1 Million to launch their startups along with expert venture guidance, strategic ecosystem alliances and immersive startup incubation. APNA which is India largest early talent platform, trusted by over 6 Crore users and AICTE while Venture Catalyst is India lea ...Read More >
Vijayawada: Despite a sharp rise in liquor sales in the state during the 2025-26 financial year, the state government's overall revenue growth remained marginal, falling short of expectations, according to official data. Between April 1 and March 31, total liquor sales witnessed significant growth, particularly in beer and Indian Made Liquor (IML). IML sales increased from 362 lakh cases to 414 lakh cases, registering a 14.59 per cent rise, while beer sales jumped steeply from 136 lakh cases to 232 lakh cases, marking a 70.29 per cent surge. Consequently, the total value of liquor sales rose ...Read More >
Mumbai, May 21 (SocialNews.XYZ) Haryana-based distillery Piccadily Agro Industries, maker of the 'Indri' single-malt whiskey, on Wednesday reported a 7.49 year-on-year (YoY) decline in its net profit to Rs 39.80 crore in Q4 FY25, compared to Rs 43.02 crore in the same period last fiscal (Q4 FY24). The company's revenue from operations also slipped by 4.55 per cent to Rs 271.63 crore in Q4 FY25, down from Rs 284.59 crore in Q4 FY24. Total income during the quarter dropped to Rs 273.88 crore, a 3.97 per cent decrease compared to Rs 285.20 crore a year ago. Total expenses were slightly lower a ...Read More >
India's popular gin and tonic trend is fading. Vodka and tequila are now leading the market. Gin sales have dropped significantly this year. This shift affects both established brands and newer craft gins. Consumers are exploring different spirits. The gin market faces challenges with brand loyalty and competition. Major companies are entering the gin space through acquisitions and new launches. Vodka and tequila have left India's once-boisterous gin-and-tonic party rather shaken and stirred. A Covid-era bestseller among both bar patrons and drawing-room aficionados, gin and tonic has seen i ...Read More >
In a major crackdown, Latur police filed 74 cases and seized illegal liquor worth Rs 4.19 lakh during a 21-hour operation targeting illicit distillation and sales. Key PointsLatur police seized illegal liquor worth Rs 4.19 lakh during a 21-hour operation.The police action targeted illicit distillation units and the illegal sale of country-made and foreign liquor.Raids resulted in the seizure of illicit liquor, chemicals, distillation units, and other materials.19 history sheeters were apprehende ...Read More >
Lucknow: The excise department will hold an exclusive investors summit on Wednesday to attract players in the alcoholic beverages sector. This sector-oriented summit has been conceptualised for the first time in the state to provide a platform for closer interactions between stakeholders.Among the few departments that have seen an almost four-fold jump in annual revenues over the past eight years, the excise department aims to secure investment intents amounting to Rs 5,000 crore on Wednesday. "We have already grounded 46 out of the 135 projects that were committed by investors during past inv ...Read More >