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United Spirits Ltd soars 1.62%, rises for fifth straight session
[ad_1] United Spirits Ltd is quoting at Rs 600.4, up 1.62% on the day as on 12:49 IST on the NSE. The stock is up 6.53% in last one year as compared to a 61.58% spurt in NIFTY and a 22.33% spurt in the Nifty FMCG. United Spirits Ltd is up for a fifth…
Mumbai: Separate category of liquor licence for shops and bars at airports mooted
Almost 47 years after the state’s policy to not issue or create new licences for liquor sale and consumption, the Maharashtra excise commissioner has proposed to create a new category of licences for the existing premium liquor shops and bars at the Mumbai airport. This category of licences once created, say experts, maybe in future…
BCPL Railway-led subsidiary secures provisional Stage-I clearance for ethanol production from Bihar govt
[ad_1] BCPL Railway Infrastructure Limited has updated its esteemed stakeholders that the Company’s proposed subsidiary ‘BCL BIO ENERGY PRIVATE LIMITED’ has been granted Provisional Stage-I clearance for production of Ethanol from grains like Maize, Rice for blending with petrol, as per the Bihar Industrial Investment Promotion Rules 2016 by the Government of Bihar, Department of Industries,…
Tilaknagar Industries’ New Game Plan: How a Brandy Leader Is Entering the Luxury Whisky Space
For almost 100 years, Tilaknagar Industries (TI) has been closely associated with brandy in India. Founded in 1933, the company’s journey actually began with sugar manufacturing during the Swadeshi movement, before gradually moving into alcohol by distilling ethanol from molasses. That early shift laid the foundation for what would become one of India’s most influential…
Japan’s Kirin raises stake in Bira 91 to about 20% for ₹570 crore
Japanese beverages group Kirin Holdings has increased its stake in B9 Beverages, the maker of Bira 91 beer, close to 20% from 10% by investing an additional ₹570 crore in the company, valuing the beer maker at $550-600 million post the fundraise, two executives directly aware of the development said. “This is Bira 91’s largest…
Shree Renuka Sugar Gains 116% in June; Expands Ethanol Capacity
Sugar stocks have been on a roll in recent months, especially after the government brought forward the date for achieving 20% ethanol-blending with petrol by five years, from 2030 to 2025. This move is expected to reduce oil dependence and pollution. Shree Renuka Sugars Ltd. (NS:) has seen a massive rise in its stock price,…