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New Delhi, Dec 1 (PTI) Tilaknagar Industries Ltd on Monday said it has completed the acquisition of Imperial Blue business division from Pernod Ricard India (PRI), a step-down unit of the French spirits major, via a slump sale for a lump sum consideration of Rs 3,442 crore. The lump sum consideration paid to PRI is subject to post-closing adjustments in accordance with the terms and conditions set out in the Business Transfer Agreement, according to a statement issued by Tilaknagar Industries L ...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 si ...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 >
New Delhi, Oct 19 (SocialNews.XYZ) Minister of Commerce and Industry Piyush Goyal on Sunday listed the Trade and Economic Partnership Agreement (TEPA) between India and the European Free Trade Association (EFTA) which has now come into force, and his meeting with UK Prime Minister Keir Starmer in Mumbai to advance the India-UK trade and investment partnership as major highlights of his ministry in the last fortnight. "The Trade and Economic Partnership Agreement (TEPA) between India and the EFT ...Read More >
Pernod Ricard's consensus analyst price target has recently decreased from €106.33 to €104.33 per share. This reflects a shift in sentiment following updated research notes. This adjustment comes amid discussions about the company's valuation and evolving prospects in the face of both opportunities and challenges. Stay tuned to discover how investors can stay ahead as the narrative for Pernod Ricard stock continues to develop. What Wall Street Has Been Saying Recent analyst commentary on Pe ...Read More >
But he said there were no plans to open up more visa routes to Indian workers or students. "The issue is not about visas," Sir Keir said. "It's about business to business engagement and investment and jobs and prosperity coming into the United Kingdom." The UK's trade deal with India was signed in July after years of negotiation. It will mean UK cars and whisky will be cheaper to export to India, and Indian textiles and jewellery cheaper to export to the UK as part of the multi-billion pound ...Read More >
MUMBAI (Reuters) -Indian Prime Minister Narendra Modi and British counterpart Keir Starmer hailed the potential on Thursday of their months-old trade deal to transform commercial links, as London unveiled further Indian investment in Britain. Starmer is in the financial capital of Mumbai on a two-day visit to India, joined by more than 100 leaders from Britain's business, culture and university sectors, as he rushes to harvest the trade deal signed in July. The deal agreed to cut tariffs on go ...Read More >
MUMBAI, INDIA - OCTOBER 9: British Prime Minister Keir Starmer is greeted by Prime Minister of India Narendra Modi, on his arrival at Raj Bhavan on October 9, 2025 in Mumbai, India. Leon Neal/Pool via REUTERS MUMBAI (Reuters) -Indian Prime Minister Narendra Modi and British counterpart Keir Starmer hailed the potential on Thursday of their months-old trade deal to transform commercial links, as London unveiled further Indian investment in Britain. Starmer is in the financial capital of Mumbai ...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 >
HYDERABAD: After four days of relentless downpours, Telangana is expected to have a brief respite on Monday, with no rainfall alerts issued. However, the India Meteorological Department (IMD) placed the state under a yellow alert for thunderstorms. IMD data showed that Papannapet in Medak district received the heaviest 24-hour rainfall at 10.6 cm, followed by Manoor in Sangareddy with 9.28 cm and Nallabelly in Warangal at 9.15 cm. The statewide average rainfall for the day stood at 7.3 mm, nota ...Read More >
On a pan-India level, sales volume of IMFL Whisky has declined 1.4 per cent year-on-year in FY25 to 40.17 crore cases. Image: Freepik South Indian states dominate the sales of IMFL, accounting for 58 per cent revenue in FY25, with Karnataka retaining the top national slot by contributing 17 per cent of the pan-India volumes in FY25, according to data from industry body CIABC. Five Southern states - Andhra Pradesh, Karnataka, Kerala, Tamil Nadu, and Telangana, along with Union Territory Puduche ...Read More >
New Delhi: South Indian states dominate the sales of IMFL, accounting for 58 per cent revenue in FY25, with Karnataka retaining the top national slot by contributing 17 per cent of the pan-India volumes in FY25, according to data from industry body CIABC. Five Southern states - Andhra Pradesh, Karnataka, Kerala, Tamil Nadu, and Telangana, along with Union Territory Puducherry, have retained their dominance in the sales of the Indian-Made Foreign Liquor (IMFL), consuming 23.18 crore cases (joint ...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 >
Dimapur, Jul 18 (PTI) Two persons have died of Japanese Encephalitis (JE) in Nagaland, a health department official said on Friday. Chief Medical Officer, Dimapur, Dr Yartenla Jamir, said that of the seven JE cases detected in Dimapur, Chumoukedima, and Niuland districts, two persons have died so far. She expressed concern over the rise in Japanese encephalitis (JE) cases in the three districts, especially during the monsoon season, which increases the risk of transmission. The Health departm ...Read More >
NEW DELHI: India and Britain are close to finalising a long-awaited free trade agreement next week, according to two Indian government sources. The deal will provide duty-free access for Indian textiles and electric vehicles to the UK market while easing British exports of whisky, cars, and food products. The agreement, concluded after three years of negotiations, aims to strengthen bilateral trade by removing barriers and allowing duty-free movement of goods. A formal signing is expected dur ...Read More >
NEW DELHI/LONDON, July 18 (Reuters) - India and Britain are expected to seal a long-awaited free trade deal next week, two Indian government sources said, granting Indian textiles and electric vehicles some duty-free access to the UK market and easing British exports of whisky, cars and food. In May, both countries announced the conclusion of trade negotiations after three years of stop-start negotiations, aiming to increase bilateral trade, remove trade barriers and allow duty-free entry of go ...Read More >
NEW DELHI/LONDON, July 18 (Reuters) - India and Britain are expected to seal a long-awaited free trade deal next week, two Indian government sources said, granting Indian textiles and electric vehicles some duty-free access to the UK market and easing British exports of whisky, cars and food. In May, both countries announced the conclusion of trade negotiations after three years of stop-start negotiations, aiming to increase bilateral trade, remove trade barriers and allow duty-free entry of go ...Read More >
New Delhi: India and the UK are likely to formally sign a Free Trade Agreement (FTA) next week with the final legal review of the pact currently underway. Both nations had reached the agreement in May. India expects 99% of its exports to the UK to have duty-free access. It also expects the FTA to open up significant export opportunities for labour-intensive sectors such as textiles, marine products, leather, footwear, sports goods and toys, and gems and jewellery, as well as engineering goods, ...Read More >
HYDERABAD: A thriving underground network of non-duty paid liquor (NDPL) smugglers is working in tandem with private event organisers, causing an estimated ₹300 crore annual loss to the state exchequer. A recent crackdown by the excise department has unravelled the scale, sophistication, and spread of this illegal trade, particularly within the GHMC limits.In the past three weeks alone, excise officials have stumbled upon multiple NDPL smuggling routes, primarily from Haryana, Goa, and Karnataka ...Read More >
New Delhi [India], July 2: Piccadily Agro Industries Limited, one of India's fastest-growing alco-bev companies and the proud maker of internationally celebrated spirits such as Indri Single Malt Whisky, Camikara Pure Cane Juice Rum, Whistler Whisky and Cashmir Vodka, announced that its equity shares have been listed on the National Stock Exchange of India (NSE) with effect from today, 2nd July 2025. The company will trade under the NSE symbol PICCADIL. Also Read | Elephant Death in Kerala: 5-Y ...Read More >
Bengaluru: Scientists from Indian Institute of Science (IISc) have developed a simple, glowing paper sensor that could help detect liver cancer early -- using the green glow of a rare earth metal called terbium.The sensor works by detecting an enzyme called "β-glucuronidase", which is found in many living organisms. While it has normal biological roles, high levels of this enzyme are linked to liver cancer, as well as colon, breast, and kidney cancers, and even infections and AIDS."Traditional d ...Read More >
NEW DELHI: With eight days to go for US to restart reciprocal tariffs, there appears to be a stalemate in India-US trade talks, with New Delhi hardening its position on offering duty concessions on agricultural products.Although the Indian team led by chief negotiator Rajesh Agarwal has stayed back in Washington for talks with American officials, the absence of a deal by July 8 will expose exporters to 26% reciprocal tariff. US president Donald Trump has indicated that an extension of the suspen ...Read More >
NEW DELHI, June 7, 2025 (BSS/AFP) - Indian Foreign Minister Subrahmanyam Jaishankar said on Saturday a trade deal with Britain was "truly a milestone" that will boost bilateral ties as he welcomed his counterpart David Lammy to New Delhi. India and Britain struck a long-delayed free trade agreement last month after negotiations were relaunched in February. Britain has sought to bolster trade ties across the world since it left the European Union under Brexit, a need that became more pressing a ...Read More >
NEW DELHI: Indian foreign minister Subrahmanyam Jaishankar said today a trade deal with Britain was "truly a milestone" that will boost bilateral ties as he welcomed his counterpart David Lammy to New Delhi. India and Britain struck a long-delayed free trade agreement last month after negotiations were re-launched in February. Britain has sought to bolster trade ties across the world since it left the European Union under Brexit, a need that became more pressing after the US unleashed a global ...Read More >
New Delhi, May 26 (PTI) Alcoholic beverage maker's body CIABC has urged the government to adopt a phased reduction in import duties on liquor products under the proposed India-EU free trade agreement (FTA), while calling for strong safeguards to prevent misuse of trade concessions under the pact. In a submission to the commerce ministry, Confederation of Indian Alcoholic Beverage Companies (CIABC) has proposed slashing the effective customs (or import) duty on bottled products like wines and sp ...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 ...Read More >
NEW DELHI (Reuters) - India's federal investigating agency has accused liquor giant Diageo and Sequoia Capital of making suspicious payments to a politician's firm to seek favourable government decisions, it said in a document Reuters reviewed on Friday. In the document, the Central Bureau of Investigation (CBI) says Diageo Scotland made a suspicious fund transfer to Indian politician Karti Chidambaram's firm after a 2005 ban on sale of its duty-free products hit sales of its Johnnie Walker whi ...Read More >
Liam Payne Death Probe: Singer Met 'Friend' At 7 AM; Duo Did This Hours Before Singer's Death Court documents have revealed disturbing details about Liam Payne's tragic death. According to files obtained by TMZ, the former One Direction star struggled with sobriety and sought drugs on the day of his passing. Payne reportedly texted a friend early in the morning, requesting six grams of drugs, and was seen drinking whiskey with the same friend at 7 a.m. A hotel maid later told investigators that ...Read More >
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