Carlsberg India told to close Alwar unit over pollution breach ahead of $700 million IPO plansCarlsberg India's operating consent for its Alwar brewery was revoked due to high particulate emissions. The brewery's pollution levels wer...
De Beers to open 100 Forevermark stores in India by 2030De Beers aims to establish 100 Forevermark stores across India by 2030 to capitalize on the growing demand. Current demand for diamonds is ...
After flat Indian-Made Liquor sales in April-Sep period, industry body warns Karnataka of harm to revenueThe Confederation of Indian Alcoholic Beverage Companies opposes Karnataka's increased taxation on Indian-Made Liquor. Recent data shows st...
In 2021, Dwayne Johnson co-founded ZOA Energy; by 2024, Molson Coors had spent $53 million to raise its stake to 51%Dwayne Johnson's ZOA Energy was recently acquired by Molson Coors Beverage Company, giving them majority control of the brand. This strateg...
Mid-sized restaurants hungry for funds as investors stay awayMid-sized organized restaurant chains face financing challenges. Investors are being more cautious, focusing on sustainable profits and uni...
Karnataka liquor volumes flat in H1 as beer gets three cheersKarnataka observed significant growth in beer sales, rising by 41% in the first half of the fiscal year. Indian-made liquor sales, however,...
From $250,000 in two months to $12 million a month: How Dylan Jacob built BrüMateDylan Jacob’s beer kept getting warm before he could finish it. Eventually, the irritation sent him looking for something that would keep a...
Carlsberg India IPO gets Sebi approval along with three other public offers. Check detailsIndia’s IPO pipeline expands as Sebi clears papers for Carlsberg India, Matangi Rubber, Ujin Pharma and TMC Transformer. The approvals come...
India’s 8% global gems, jewellery share has room to growIndia's gems and jewellery sector currently accounts for 8% of global exports but can expand into new product categories. NITI Aayog's Prav...
Indian brands dominate Delhi’s liquor sales: Nearly 18.61 crore bottles sold in two years; imported booze trails far behindDelhi liquor shops sold nearly 18.61 crore bottles across categories in the last two financial years, with Indian Made Foreign Liquor (IMFL...
IPO express picks up steam: Anmol Industries, Koolking Industries, 5 other firms file draft papers with SebiSeven companies spanning biscuits, beer, HVAC components, agricultural machinery, engineering, edible oils and telecom infrastructure have ...
Trans ACNR Solutions, 8 others file IPO papers with SebiIn a significant move, Trans ACNR Solutions along with eight additional companies have recently filed for IPOs with Sebi, reflecting an amb...
India’s big upgrade wave: Rs 1 crore+ homes, premium cars, Swiss watches & pricier phonesPremiumisation trend is spreading beyond affluent urban consumers, with households upgrading across homes, cars, travel, smartphones, appli...
Bira 91 revival plan: Anicut-led board offers to buy out key investorsB9 Beverages, the maker of Bira 91, is attempting to recapitalize amid financial struggles. The company seeks to acquire stakes from major ...
Bombay HC refuses interim relief to Old Monk maker as state law officer considers revised labelsThe Bombay High Court has adjourned a hearing on Mohan Rocky Springwater Breweries' plea. The court needs time to consider three modified p...
Beer gets its buzz going as spirits market sobers upState-level tax increases hurt demand for spirits, with growth at only 2%; beer volumes jump 17%, led by Maharashtra and Karnataka.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 24%US bond yields remain elevated, suggesting that the debt market expects inflation to move up. Now, if the risk-free returns indicated by th...