Latest Updates Around The World
Shares of Sula Vineyards, Radico Khatain, United Spirits, United Breweries and Globus Spirits plunged to 4% as European wines will enter the Indian market at lower prices under the bilateral free trade agreement as India will grant import duty concessions under the pact, PTI reported, citing an official. According to the pact, excise duty on […]
United Spirits on Saturday reported a 25% rise in consolidated net profit for the December quarter to Rs 418 crore, compared to Rs 335 crore reported in the year-ago period. The profit after tax (PAT) accrues to the owners of the holding company.The company’s revenue from operations stood at Rs 7,942, up nearly 3% from […]
The Indian market closed its first trading session of the year with little change on Thursday. The Sensex closed marginally lower and the Nifty closed modestly higher. Gains among IT heavyweights offset losses caused by a decline in ITC after the government announced a new tax on cigarettes.The BSE Sensex fell 32 points, or 0.04%, […]
Praveen Someshar, chief executive of United Spirits, said a rebound in urban spending and a surge in demand for premium drinks drove sales growth, but the maker of Johnnie Walker and Smirnoff warned that the second half of the fiscal year, typically driven by weddings and festivals, could be more challenging than usual due to […]
