Related News

NASA is keeping an eye on near-Earth objects. One such object is a small asteroid called 2026 FB. This asteroid is expected to pass close to the Earth today. The

The satellite internet service Starlink, owned by Elon Musk, is now reportedly available across Kuwait. The announcement comes amid heightened tensions in the Middle East, with Kuwait battling the direct

A century ago, in a quiet cabbage patch in Auburn, Massachusetts, something happened. Dr Robert H. Goddard, a Clark University Physics professor, fired up a rocket powered by liquid fuel.

For a long time, scientists thought ravens simply trailed wolves to feed on fresh carcasses. The idea was straightforward. Follow the predator and grab the meal while the blood is

[The stream is slated to start at 2:00 p.m. ET. Please refresh the page if you do not see a player above at that time.] Nvidia CEO Jensen Huang will

Benchmark general partner Bill Gurley on Monday said the artificial intelligence wave is real and a lot of people got rich quick, but he expects a “reset” to come. “When

Trending News

In today’s digital age, the opportunity to make money online without any initial investment is more accessible than ever before. Whether you’re a student looking to earn some pocket money,

In today’s digital world, make money online has become a dream many want to turn into reality. Whether you’re looking for a side hustle or aiming to build a full-time

JSW Cement, the building materials arm of Sajjan Jindal-led JSW Group, has reduced the size of its upcoming initial public offering (IPO) to Rs 3,600 crore and will open the

The agricultural Gross Value Added (GVA) growth is expected to moderate to 4.5% in the first quarter of FY26, down from 5.4% in the preceding quarter, according to a report

Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, pulling out Rs 17,741 crore amid rising global trade tensions. According to data from NSDL, this

Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public

UK deal to boost scotch sales: Maker of Glenfiddich, Balvenie

Word Count: 650 | Estimated Reading Time: 4 minutes


UK deal to boost scotch sales: Maker of Glenfiddich, Balvenie

NEW DELHI: William Grant & Sons, the maker of top Scottish whisky brands, such as Glenfiddich, Monkey Shoulder, and Balvenie, apart from Hendrick’s Gin, has called the India-UK trade deal a “landmark” agreement. This deal will lead to the entry of new higher-end editions in the country, apart from giving a fillip to the sale of premium spirits brands.Sachin Mehta, country director (India & subcontinent) for William Grant & Sons, said the company is witnessing strong sales in India, and this is going to further strengthen as it introduces limited editions and newer variations.“I think it’s a landmark achievement for both the countries and for our industry especially,” Mehta told TOI, when commenting on the India-UK Comprehensive Economic and Trade Agreement (CETA) that was signed in late July. The agreement will see India reduce the import duty on scotch from 150% to 75%, and thereafter to 40% over the next decade. “I think it’s a very, very progressive move.”Mehta said it is too early to talk about consumer price reductions, especially as the deal is yet to come into play – the British Parliament has to ratify it – and the impact of state taxes in India has to be factored in.“I think that it will ultimately benefit the consumers over here. But time will tell in terms of what the real shape will be. The first phase is likely to come into effect in about four or five months. There’s still the fine print. But ultimately it’s the 10 years that we’re talking about when it goes down to the landing rate and that’ll be a great one.”He said the relaxation encourages the company to further strengthen expansion plans. “When you have ease of doing business, it really builds the confidence. And, all of that will translate into getting better products.”





Source link

Most Popular Articles