The Seventh Pay Commission had decided to choose the CPI-IW as the index for adjusting inflation for central government employees.
At the heart of Friday's case lay an ICICI Bank loan owed by Mallya's Watson and CASL, for which Diageo stepped in as a backstop so that it could be refinanced by Standard Chartered Bank.
According to Indian tax laws, an acquisition or sale made by an overseas subsidiary of an Indian company is not liable for taxation in India.
Rahul Bhatia and Rakesh Gangwal - the founders of IndiGo - will possibly face each other with deep mistrust, which the board chairman, M Damodaran, will attempt to defuse.
As part of the deal, Padukone will own equity in Drum Foods.
Wine is a popular and important beverage.
The court asked the city's civic body to bring its house in order.
Biggies like Shopper's Stop and Pantaloons Retail have found their way to consumers' pockets through their stomachs.
Community kitchens punctuate the sea of farmers who have descended on the site and are in no mood to relent or retreat until their demands are met by the Centre.
The marquee names include Hindalco, three Tata group companies and Colgate.
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.
Despite slowdown, corporates are investing heavily in advertisements not just in Kolkata but also in other metros.
American brands top the domestic retail space with 30 per cent share, especially in the food & beverages sapce, while the Italian and British labels dominate the luxury segment.
Starbucks opened its 7th store in India at New Delhi's Connaught Place.
The BSE Midcap ended up 0.5% while the Smallcap index ended nearly 1% higher
In one of its single biggest investments, beverage major Coca Cola and its partners will invest $2 billion (around Rs 10,000 crore) over the next five years to enhance its operations in India and set up a new plant.
With consumers going the healthy way, PepsiCo decided to transform its portfolio from 'fun-filled' to 'good-filled' products, the beverages major's chief Indra Nooyi, Chairman and CEO of PepsiCo, said on Friday.
Executive lounges with happy hours, complimentary hors d'oeuvres, and complimentary services have been the norm - but not anymore.
Emirates has been voted as the world's best airline.
The enforcement agency is looking to ensure that no big deals or transactions, such as the one Mallya struck with Diageo for Rs 500 crore, take place.
These restaurants should be on your bucket list this winter!
In a major deal in the FMCG sector, Godrej Beverages and Foods Ltd is all set to acquire Chittoor-based Nutrine Confectionery Company Ltd for around Rs 270 crore (Rs 2.7 billion).
...and getting GDP to measure India's data economy, recommends Ajit Balakrishnan.
Pepsi has set up its research centre in China, first of its kind outside the United States, to develop food and beverages to suit the\ntastes of 1.3 billion Chinese consumers.
Tips from the best-known Indian mixologists.
Indian wines are getting better all the time, says Alok Chandra.
Rajesh Karkera/Rediff.com, who attended the Hong Kong leg of the Formula E Championship, documents life off the racing track.
Beverage major PepsiCo, which pulled out as title sponsors of BCCI's Indian Premier League in October, on Thursday entered into a four-year partnership with the apex cricket body as an associate sponsor for all its international matches at home.
Say goodbye to midweek blues with these sinful treats.
Amidst concerns over growing obesity among children in the country, American American Beverage Association (ABA), a trade body, has said its members will only stock bottled water and 100 per cent juice in vending machines in elementary schools.
Natures Basket's acquisition will make Spencer's Retail a national player, giving it access to the western parts of India through its 36 stores in prime locations in Mumbai, Pune and Bangalore.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Women have been and continue to be an integral part of Tata Global Beverages' business, across the world, says Cyrus Mistry.
And what it is doing to your body, asks nutritionist Komal Jethmalani.
Mistry was in the state on his first visit as the head of the conglomerate
Parmjit Singh, a 44-year-old father of two high school students, was shot multiple times.
The right mix of imagination and love for cooking can take you places, literally!
Globally, white-collar gender diversity in the workplace has become as politically correct a cause to espouse as, say, corporate social responsibility.
Tata Tea Ltd is eyeing acquisitions in the United States for entering the beverages sector in a big way, R K Krishna Kumar said on Tuesday.
