There was a significant rise in the number of aspirants applying for liquor shop licence for the excise year 2023-25 with close to one lakh applications received by the authorities till Friday afternoon. The Excise Department of Telangana has reaped substantial profits, amounting to crores of rupees, without selling a single drop of liquor. Reports…
DIPTI SHARMA The government’s ethanol blending initiative and the larger push towards biofuels and the energy transition seem to hold the key to a promising future for this advanced biotechnology and engineering company. Over the last two years, Praj Industries has experienced significant growth, driven mainly by the opportunities arising from the ethanol blending program….
LUCKNOW: UP is set to hit the benchmark of having around 100 operational distilleries in the ongoing 2023-24 fiscal – a development that could further reinforce the state’s status as the biggest ethanol producer in the country. Additional chief secretary, sugarcane and excise, Sanjay Bhoosreddy told TOI that as many as 85 distilleries are currently…
CHANDIGARH: Acting on the directions of Punjab Excise and Taxation Minister Advocate Harpal Singh Cheema, the Excise Commissioner Punjab Mr. Varun Roojam on Tuesday held a meeting with all the senior officers of the Excise Department for tightening the noose around Excise Liqour contractors resorting to hooliganism in the name of carrying out checking of…
Vishwaraj Sugar, a key player in the distilleries, shares have gained in line with broad-based buying in the market to close higher. Although the stock has remained sideways this year, the company has posted good top-line numbers. It has reported a 52 percent jump in revenue from operations in the fourth quarter. It stood at…
Diageo, the maker of Guinness, Smirnoff and Johnnie Walker, today announces a five-year business transformation program in partnership with SAP (NYSE: SAP) and IBM (NYSE: IBM). This new initiative, which marks the company’s most significant ever investment in technology and services, will redesign and improve Diageo’s processes across the 180 countries where it operates. Fully global…
India’s United Breweries Ltd (UBBW.NS) reported a 94.03% slide in fourth-quarter profit on Thursday, hurt by higher raw material costs. The liquor maker, partly owned by the Dutch brewer Heineken (HEIN.AS), said its standalone profit fell to 97.3 million rupees ($1.19 million) in the three months ended March 31, from 1.63 billion rupees a year earlier. Total expenses…
Jaipur: The state excise department has decided to hike the prices of imported liquor. In the previous fiscal year (April 2022 to March 2023), the department had not set the prices for these types of liquor. As a result, it was being sold through unlawful means breaching Rajasthan’s regulations, sourced from neighbouring states such as…
Pernod Ricard’s (PERP.PA) managing director for India Paul-Robert Bouhier has resigned from his position, three sources told Reuters on Wednesday, a top departure for the company as it faces a series of regulatory challenges in the country. Bouhier, who only took over the India job in January, has resigned due to personal reasons, one of…
To check production, sale and smuggling of illicit liquor during the urban local bodies polls in Uttar Pradesh, the Excise department will run a month-long special enforcement drive from April 14 to May 13, a senior officer said here on Thursday. Additional Chief Secretary Excise Sanjay R Bhoosreddy said that notification has been issued for…