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Mumbai: A swelling supply glut of ethanol is forcing policymakers and industry to look beyond car and two-wheelers to spur consumption of the renewable fuel. This includes ethanol-powered cooking stoves and diesel blends to generators and flex-fuel vehicles. Pilot projects are already starting to unfold. Ethanol-based cooking stoves are being tested as a cleaner household alternative, while blending the biofuel with diesel and using it in backup generators is under discussion. Early trials are ...Read More >
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 sugges ...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 ...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 apprehend ...Read More >
New Delhi/Bengaluru -- Oil prices were little changed on Tuesday as investors weighed the possibility of US President Donald Trump ending the Iran war against supply shocks from a prolonged closure of the Strait of Hormuz, a key artery for global oil flows. Brent crude futures for May were up 18c, or 0.16%, to $112.96 a barrel at 4.38am GMT after dropping 1% earlier in the session. The May contract expires on Tuesday, while the more active June contract was at $107.10. US West Texas Intermedia ...Read More >
NEW DELHI, March 31 : Oil prices were little changed on Tuesday as investors weighed the possibility of U.S. President Donald Trump ending the Iran war against supply shocks from a prolonged closure of the Strait of Hormuz, a key artery for global oil flows. Brent crude futures for May were up 18 cents, or 0.16 per cent, to $112.96 per barrel at 0438 GMT after dropping 1 per cent earlier in the session. The May contract expires on Tuesday and the more active June contract was at $107.10. U.S. ...Read More >
NEW DELHI: Oil prices reversed course in Asian trading on Tuesday, paring earlier gains, following a report that U.S. President Donald Trump told aides he is willing to end the Iran war without reopening the Strait of Hormuz. Brent crude futures for May were down $1.22, or 1.08%, to $111.56 per barrel at 0210 GMT after rising 2% earlier in the session. The May contract expires on Tuesday and the more active June contract was at $105.76. U.S. West Texas Intermediate futures for May fell 98 cent ...Read More >
Dubai: An Indian national has been killed in Kuwait in Iranian strikes on a power and water desalination plant, the country's state-run KUNA news agency reported on Monday. Kuwait's Ministry of Electricity, Water and Renewable Energy said a service building at one of its power and water distillation plants was damaged during the attack. Officials described it as a "brutal attack". The plant where the attack occurred wasn't identified. Ministry spokesperson Fatima Jawhar Hayat said the strike r ...Read More >
NEW DELHI, March 31 : Oil prices reversed course in Asian trading on Tuesday, paring earlier gains, following a report that U.S. President Donald Trump told aides he is willing to end the Iran war without reopening the Strait of Hormuz. Brent crude futures for May were down $1.22, or 1.08 per cent, to $111.56 per barrel at 0210 GMT after rising 2 per cent earlier in the session. The May contract expires on Tuesday and the more active June contract was at $105.76. U.S. West Texas Intermediate f ...Read More >
NEW DELHI/MADURAI: A man hailing from Ramanathapuram district of Tamil Nadu was killed in an attack on a power and water desalination plant in Kuwait, taking the toll of Indians killed in the ongoing war in the West Asia region to eight. The deceased, K Santhana Selvam, 37, hails from Anikurunthan village, and is survived by his wife S Kausalya and two children.Kuwait's ministry of electricity, water and renewable energy said a service building at one of its power and water distillation plants w ...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 t ...Read More >
Over 350 distilleries face an uncertain future due to inadequate procurement orders in the latest ethanol tender. Industry bodies criticize the allocation methodology, alleging it favors new entrants over existing units and ignores surplus capacity in neighboring states, potentially jeopardizing the sustainability of India's ethanol ecosystem. New Delhi, More than 350 operational distilleries across the country are facing an uncertain future due to inadequate procurement orders under the latest ...Read More >
New Delhi: More than 350 operational distilleries across the country are facing an uncertain future due to inadequate procurement orders under the latest ethanol tender, with industry bodies flagging concerns over the allocation methodology that favours new entrants over existing units. The Ethanol Supply Year (ESY) 2025-26 tender issued by Oil Marketing Companies (OMCs) has come under fire from stakeholders who allege that the allocation criteria is creating artificial imbalances, while sideli ...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 so ...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. ...Read More >
Kedia Advisory - Crude oil yesterday settled lower by 1.68% at 5,145 as investors reacted to concerns over a potential supply surplus and renewed trade tensions between the U.S. and China. The International Energy Agency (IEA) forecasted that the global oil market could face a surplus of up to 4 million barrels per day in 2026, significantly higher than earlier estimates, amid rising output from OPEC+ and sluggish demand growth. The ongoing U.S.-China trade dispute, with both nations imposing ne ...Read More >
Koraput: In a major crackdown on illegal liquor production, the Excise Department conducted a surprise raid at Dengajaniguda, under Koraput Sadar police limits, seizing a large quantity of country-made liquor and raw materials. Acting on a tip-off, excise officials recovered 2,100 litres of fermented wash -- used to distil illicit liquor -- and 130 liters of country-made liquor during the operation. Excise Officer Sudhir Sahu said the seized wash was destroyed on the spot to prevent further il ...Read More >
"Premiumisation will likely accelerate in the December quarter due to festive consumption and higher disposable incomes from tax cuts. Consumers won't drink more, but they may look to drink better," Alok Gupta, MD at ABD told Viveat Susan Pinto in an interview. Allied Blenders & Distillers (ABD), best-known for its Officer's Choice liquor brand, is rapidly premiumising its portfolio, as Indian consumers opt for quality over quantity. The company, which sells close to 35-40 million cases annuall ...Read More >
Mumbai, Sep 28 (SocialNews.XYZ) Spirit maker Alcobrew Distilleries India Limited has reported a slight decline in revenue from operations in FY2025, down 1.52 per cent to Rs 1,615 crore from Rs 1,640 crore in FY2024, according to the draft red herring prospectus (DRHP) filed with the Securities and Exchange Board of India (SEBI). Despite the revenue dip, the company's profit after tax (PAT) grew to Rs 69.45 crore in FY2025, up from Rs 62.55 crore in the previous year. Alcobrew has filed the dr ...Read More >
The longer-term implications are complex. India is achieving its fuel-blending targets, but at the cost of crop diversity. India's farmlands are in the middle of a quiet-but-dramatic shift. New government data show that crops linked to the ethanol economy -- sugarcane and maize -- are steadily expanding, while oilseeds like soybean, a critical crop for the country's edible oil security, are losing ground. This pattern is visible across states, being reinforced by policy incentives guaranteeing ...Read More >
Nagpur: In a subtle retort to detractors amidst the ethanol controversy, Union minister Nitin Gadkari on Saturday said, "My brain is worth 200 crore a month. I am not at all short of money and I don't stoop low." He emphasised that his work and experiments are driven by ideas and purpose for farmers, rather than the need to earn more.Speaking at an event organised by Agricos Welfare Society in Nagpur, Gadkari said, "You think I am doing this for money? I know how to earn with honesty. I am not a ...Read More >
Nagpur, Sep 14 (SocialNews.XYZ) Dismissing criticism against the government's ethanol-blended petrol programme as politically motivated, Union Road Transport and Highways Minister Nitin Gadkari said that his brain "is worth Rs 200 crore a month" and he is not short of money. In his address at an event organised by Agricos Welfare Society in Nagpur, he said: "My brain is worth Rs 200 crore a month. I am not at all short of money, and I don't stoop low." His comments came amid the criticism of t ...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 Cou ...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 trackin ...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 s ...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. " ...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 she ...Read More >
New Delhi: Economic think tank GTRI on Saturday cautioned that allowing genetically modified (GM) farm products from the US under the proposed trade pact would have implications for India, as it may affect the country's agri exports to regions like the European Union. India and the US are negotiating an interim trade pact, which is expected to be announced before July 9. The Global Trade Research Initiative (GTRI) said that allowing the import of GM products such as soybean meal and distillers ...Read More >
New Delhi: Economic think tank GTRI on Saturday cautioned that allowing genetically modified (GM) farm products from the US under the proposed trade pact would have implications for India as it may affect the country's agri exports to regions like the European Union. India and the US are negotiating an interim trade pact, which is expected to be announced before July 9.The Global Trade Research Initiative (GTRI) said that allowing the import of GM products such as soybean meal and distillers dr ...Read More >
NEW DELHI: The Enforcement Directorate (ED) on Thursday announced the provisional attachment of assets worth approximately ₹131.45 crore in Spain, including a luxury yacht and immovable properties, under the Prevention of Money Laundering Act (PMLA). These assets belong to Pavel Prozorov, a Spanish national and the alleged mastermind behind the unauthorised forex trading platform OctaFX. The attached assets comprise a commercial Italian-model luxury yacht cruising in the Western Mediterranean, ...Read More >
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