Mumbai hotel owners move HC against dry day order on counting day

An association of owners of hotels, restaurants and bars on Tuesday moved the Bombay high court, challenging the orders passed by the Mumbai city and suburban Collectors, declaring the entire day......

Liquor sales up by 15% in MP before going 'dry' for polls

Liquor sales in Madhya Pradesh jumped by around 15 per cent between Monday and Wednesday evening before the state went “dry” ahead of Friday's assembly polls to check malpractices, an......

Goa excise dept to hear complaint against Silly Souls cafe today

The Goa Excise Commissioner will on Friday hear a complaint filed by lawyer-activist Aires Rodrigues alleging that the licence to run a controversial upmarket restaurant in Assagao in North Goa was......

ED seeks FCRA probe into AAP's Rs 7-cr foreign funding; party says BJP plot

The Enforcement Directorate has written to the Union Home Ministry alleging the Aam Aadmi Party, which rules Delhi and Punjab, has received more than Rs 7 crore foreign funds in contravention of......

How To Make Money In A Bear Market

'Reduce your equity allocation, put that allocation into gold and fixed income.' Illustration: Dominic Xavier/Rediff.com   "This is going to be a long, problematic bear market... Bear markets......

Higher taxes, competition weigh on liquor stocks

Stocks of alcoholic beverage makers have corrected over the last few trading sessions on worries that taxes, competition and costs will hurt sales and profitability. Photograph: Flavio Lo......

Scotch whisky makers expand Indian cocktail

Top liquor manufacturers like Beam Global Spirits & Wine, Diageo and United Spirits Ltd, are busy expanding their high-end Scotch whisky portfolios to meet the growing demand from Indian......

Liquor volumes may take 20% hit in FY21

Almost 70 per cent of alcohol distribution in India happens through liquor vends or shops, while 30 per cent happens on-premise, that is, in bars, pubs, and hotels. The Indian-made foreign liquor......