Stocks of alcoholic beverage makers have corrected over the last few trading sessions on worries that taxes, competition and costs will hurt sales and profitability. The recent trigger for the decline is Karnataka, which accounts for 15 per cent of overall liquor consumption, increasing duties. The state increased by 20 per cent the additional excise duty on Indian-made foreign liquor (IMFL) on all slabs.
India and the visiting US officials have decided to hold a wrap-up session on Saturday morning to conclude the three-day talks on the proposed bilateral trade agreement, government sources said. They said the discussions are at a "very" early stage.
Customised restaurant recreations, cafe setups, pop-ups by Michelin-star chefs, bespoke table linens with monograms and couple-themed hashtags.
'At least 25 Olympic-sized swimming pools worth of plastic chewing gum gets dumped.' 'And because the way people spit it out, there's no possible way this plastic can be recycled.'
Diageo, the largest alcoholic beverage company in the world, estimates that the loss ending June 2020 would be between $300 million and $420 million.
To place orders, customers need to complete an instant age verification by uploading a picture of their valid government ID, followed by a selfie which the platform will use for authentication.
A freebie once granted can hardly be discontinued. All that can happen is to substitute it with a bigger freebie, notes A K Bhattacharya.
'Everyone with a low BMI will not get Type 5 diabetes.'
This sweet that uses edible gum and nuts is a winter favourite.
'My only problem is banning alcohol'
After underperforming its peers in the consumer space in 2022-23, and experiencing a mixed bag in the 2023-24 (FY24) April-June quarter (first quarter, or Q1), brokerages are positive about the medium-term outlook for liquor stocks. Higher raw material costs, concerns regarding increased duties, regulatory changes, and competitive pressures weighed on performance returns in the past quarters. Analysts believe that the sector could experience a reversal of fortunes due to better demand and margin improvements.
Automobile import increased to Rs 350.52 crore (Rs 3.5 billion) from Rs 197.75 crore (Rs 1.97 billion), while that of alcoholic beverages rose to Rs 41.78 crore (Rs 417.8 million) from Rs 31.45 crore (Rs 314.5 million), according to an official data.
'Wine is an indicator of the quality of life,' says Alok Chandra.
Beer to be allowed in certain offices in Haryana; other states allow its sale in stores and malls.
Industry associations and companies in the United States, including the US Chamber of Commerce, Coalition of Services Industries and the iconic bike company Harley Davidson have called on the Donald Trump dispensation to push India to reduce tariffs, non-tariffs, and regulatory barriers to boost American exports.
Let's take a look at some countries that consume most beer.
Sources say Kriti Sanon, super excited to be working in the mythological space for the first time, will play Sita mata with the full conviction of a true devotee.
Retail inflation declined to 6.83 per cent in August after touching a 15-month high of 7.44 per cent in July, mainly due to softening prices of vegetables, but still remains above the Reserve Bank's comfort zone. The overall inflation in the food basket stood at 9.94 per cent in August as against 11.51 per cent in July, according to data released by the National Statistical Office (NSO) on Tuesday. Retail inflation based on the Consumer Price Index (CPI) was at 7 per cent in August 2022.
Beer is the world's most widely consumed alcoholic beverage.
Let's take a look at some of the biggest wine-producing countries.
Balrampur Chini Mills Ltd will start marketing its low alcoholic carbonated beverages under the brand name Xotica during February.
Over the 12-day festival period, Rs 818.21 crore worth of liquor was sold, surpassing last year's figures of Rs 809.25 crore during the same period, according to officials here on Wednesday.
The bizarre incident came to light on Monday after bystanders took videos and uploaded those on social media.
The National Commission for Protection of Child Rights with the Association of Voluntary Action, also known as Bachpan Bachao Andolan, led the crackdown at Som Distillery on Saturday, a release stated.
Everything you need to know about Coldplay's concert at Navi Mumbai's DY Patil Stadium on January 18, 19 and 21.
Trinamool Congress is the second highest recipient of political donations through electoral bonds.
In an embarrassment for the Bharatiya Janata Party in Gujarat ahead of the assembly elections, a candidate allegedly said liquor can be sold openly, leading to the registration of a First Information Report (FIR) against him for indulging in "corrupt practices".
The Central Board of Direct Taxes has asked field officers to augment tax collections by ensuring that sectors growing at faster rates compensate for those growing slower.
From the Himalayan Butter Tea to Hyderabad's dessert-like Irani Chai, the many varieties of Indian tea are truly surprising!
If you are overweight or obese, or suffer from stress and anxiety, it will affect your gut health, leading to acidity, says Dr Meghraj Ingle.
UB's beer brand will take on Bacardi's Breezer in the flavoured alcoholic beverage market.
The Enforcement Directorate on Friday arrested the special secretary of the Chhattisgarh excise department in a money laundering case linked to the alleged Rs 2,000 crore liquor syndicate scam in the state.
England's Football Supporters' Association said the decision raises concerns about Qatar's ability to fulfil its promises to visiting fans on "accommodation, transport or cultural issues."
Cheer up, the coming Union Budget might just make your imported tipple more affordable - on a par with local booze.
The region constituted more than 31percent of the segment's total sales volume in 2016.
A handful of online retailers have started offering alcoholic beverages through the e-commerce route since then. Letsbuydrink.com caters to Delhi, Gurgaon, Faridabad and Mumbai and offers imported alcoholic beverages for sale.
Retail inflation, based on Consumer Price Index, was at 10.36 per cent in May.
However, the Appellate Body declined to make any recommendations to the WTO's dispute settlement body what India should do in the light of its ruling. The government has already removed the additional duty on wines and spirits last year. Similarly, it exempted various products from the extra duty, making the case redundant.
The value of India's foodgrain imports increased by over 28 times to Rs 17.66 crore (Rs 176.6 million) in April, vis-a-vis the corresponding period a year ago, as per the latest data from the commerce ministry.
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