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Duty-free liquor holds immense growth prospects
The global airport duty-free liquor market size was valued at $6.15 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR)...
USL expects fast recovery in sales as states lift restrictions
Liquor major United Spirits Ltd (USL) is hopeful of a quick recovery in sales as the Omicron wave has started to recede in the country.
Liquor body seeks import duty cut on alcoholic beverages
The apex body for liquor firms Confederation of Indian Alcoholic Beverage Companies (CIABC) has urged the government to gradually reduce customs...
Iswai seeks home delivery of liquor
The International Spirits and Wines Association of India (ISWAI), the apex body of the premium alcobev sector, has requested the State government to...
AP to rationalise VAT rates on liquor types
To bring about parity in levy of VAT with the neighboring States, it has been decided to rationalise the rates of VAT on various categories of liquor...
Govt must focus on reducing taxes on liquor to check smuggling
India is one of the fastest growing alcoholic beverages markets globally with an estimated market size of $52.5 billion (about Rs3.9 lakh crore), the...
TASMAC sold Rs 164 cr worth of liquor in just one day
The Tamil Nadu State Marketing Corporation (TASMAC) has sold liquor worth Rs 164 crore in the state in just one day.
ED transfers UBL shares of Rs. 5,600 cr to DRT account
Liquor firm United Breweries on Monday said the Enforcement Directorate has transferred 4.13 crore equity shares of the Vijay Mallya-promoted firm...
