Monday, August 11, 2025

Creating liberating content

Intel CEO Lip-Bu Tan makes a speech on stage in

MUMBAI: Tata Group’s flagship hospitality arm, The Indian Hotels Company,

NEW DELHI: William Grant & Sons, the maker of top

RBI Governor Sanjay Malhotra (File photo) MUMBAI: RBI Governor Sanjay

Related News

Intel CEO Lip-Bu Tan makes a speech on stage in Taipei, Taiwan May 19, 2025. Ann Wang | Reuters President Donald Trump said Monday that he and members of his

MUMBAI: Tata Group’s flagship hospitality arm, The Indian Hotels Company, (IHCL) is set to acquire a controlling stake in midscale chain Clarks, strengthening its play in the country where tourism

RBI Governor Sanjay Malhotra (File photo) MUMBAI: RBI Governor Sanjay Malhotra has said that the regulator has left it to individual banks to decide on the extent of minimum balance

NEW DELHI: The Adani Group has further expanded its presence in the maintenance, repair and overhaul (MRO) space. After acquiring Air Works, it has now bought another major MRO player

MUMBAI: Investors ignored a volatile stock market in July and doubled down with their investments in mutual funds during the month – mostly through equity schemes – surpassing several records.

StubHub, the ticketing marketplace that spun out of eBay in 2020, has resumed its plans to go public and is now aiming to hold its IPO next month, CNBC has

Trending News

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

Russia-backed Nayara Energy looks at India’s state-run oil companies to offload petrol, diesel exports Nayara Energy has approached Indian state-run oil marketing companies (OMCs) to offload its export volumes of

US President Donald Trump on Saturday claimed that he had “heard” reports of India halting Russian oil imports, hailing it as a “good step”. “I understand that India is no

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

Sign In

Welcome ! Log into Your Account