Why is India's probe of Scotch imports from Britain rattling liquor majors?India's investigation into bulk Scotch whisky imports has triggered the first major trade dispute under the India-UK free trade agreement. ...
Govt to meet liquor firms as domestic giants join foreign peers in Scotch disputeIndia's government is holding talks with liquor companies regarding tariff reductions on bulk Scotch imports. Major firms, including Diageo...
United Spirits' mass-market liquor sales slump as inflation squeezes lower-income consumers, premiumisation takes centre stageUnited Spirits is facing subdued demand in its mass-market liquor portfolio as inflation squeezes lower-income consumers, while regulatory ...
Diageo's India unit searched as state tax officials review Scotch importsUnited Spirits, the Indian subsidiary of Diageo, was searched by Maharashtra tax authorities due to an investigation. The authorities are p...
Low-sugar fizz, high-cost squeeze: Varun Beverages battles margin pressureVarun Beverages reported a contraction in gross and EBITDA margins during Q3 CY2026 despite strong revenue growth. The company's revenue fr...
Diageo-owned United Spirits appoints Games24x7’s Sameer Chugh as new legal headUnited Spirits, owned by Diageo, has appointed Sameer Chugh as General Counsel for India, effective December 1, 2026. Chugh, who brings ove...
Stocks in news: Jio Platforms, RIL, Hero MotoCorp, Meesho, TVS Motor, Vedanta Aluminium and Suzlon EnergyIndian equities ended lower on Wednesday, primarily driven by selling in heavyweight stocks. Information technology and oil and gas shares ...
United Spirits’ popular segment sales fall 22.7% as state policies squeeze marginsUnited Spirits reported a 22.7% decline in its popular liquor segment sales during Q2 FY2027. The decline was attributed to increased taxes...
Tax officials visit Radico Khaitan offices and plant amid probe into bulk Scotch imports under India-UK pactTax officials from the Directorate of Revenue Intelligence have visited offices and a manufacturing facility of Radico Khaitan. These actio...
A little Nashik goes a long way in ItalyThis month saw a Nashik company make waves by exporting wine equipment to Italy, a clear demonstration of India's burgeoning potential in t...
India's Scotch probe of Diageo, Pernod undermining India-UK pact benefits, trade group saysThe British government said "iconic UK products" like whiskies would benefit from the pact. Indian investigators, however, have privately t...
Heineken document reveals worries over weight-loss drugs and beer salesHeineken has warned UK pubs about the increasing impact of weight-loss drugs on beer sales. These medications may reduce consumers' desire ...
'Ease non-tariff curbs to ensure alcohol enters the market freely'"The spirit of the free trade agreement is twofold-tariffs and regulations that ensure businesses operate a bit more freely," Ian Duddy, th...
India probing Pernod, Diageo Scotch imports under India-UK trade pact, sources sayIndian tax officials are investigating Pernod Ricard and Diageo for how they classified bulk Scotch imports. These companies may have impro...
'Whisky shortage, cheaper imports to weigh on Amrut's sales through 2030'Amrut Distilleries is facing an inventory shortage as whisky demand continues to exceed production capabilities. The company's managing dir...
Premiumisation core growth engine for alcobev: ISWAI reportPremiumisation is driving growth in India’s alcoholic beverages market, with the premium segment expanding at a 10.2% CAGR between 2022 and...
Diageo India enters ready-to-drink alcohol market, takes on Bacardi in nascent segment with Smirnoff IceDiageo India is entering the ready-to-drink alcohol market with its Smirnoff brand and various flavors. The company aims to attract younger...