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Liquor volumes may take 20% hit in FY21

Almost 70 per cent of alcohol distribution in India happens through liquor vends or shops, while 30 per cent happens on-premise, that is, in bars, pubs, and hotels. The Indian-made foreign liquor......

Nadella, Pichai in Trump's economic revival team

In addition to Pichai and Nadella, IBM's Arvind Krishna, Micron's Sanjay Mehrotra, Ajay Banga from Mastercard and Ann Mukherjee from Pernod  are among the six Indian-Americans among over 200......

Lockdown has also hit liquor manufacturers

Shutting of stores had not stopped alcohol sales. On the contrary, it had increased black market operations and peddling of illicit hooch, which could cause death/serious injury. The ban on liquor......

Slowdown has also hit India's liquor industry

Experts are of the opinion that though the second half of this financial year will see some recovery, volume growth is likely to remain in single digit as compared to the double-digit rise recorded......

Liquor companies dizzy as prohibition looms large in Andhra Pradesh

A phased roll-out of prohibition will hit revenues of companies, which get 5% of their volume sales from the state Liquor companies may have to contend with significant loss of revenue if Andhra......

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