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Subscribe to enjoy similar stories. Amrut Distilleries Pvt Ltd, best known for its namesake single malt whisky, is making a bold bet on rum with the recent launch of what it calls the world’s first single-jaggery rum. The 75-year-old company has been expanding its domestic footprint steadily, with its whiskies now being sold over 20 states.

Subscribe to enjoy similar stories. The basic job of a mutual fund is to take investors’ dollars and turn them into more dollars. The funds that have proved most successful have key things in common—they are large, low cost, and diversified—finds a Morningstar study.

Subscribe to enjoy similar stories. Last month, buyers eagerly awaiting their Ola Electric scooters began noticing an unexpected delay. Instead of the usual one-week turnaround, deliveries stretched to nearly a month.

Bharat Rashtra Samithi (BRS) Working President K T Rama Rao launched a scathing attack on the Congress-led Telangana government for prioritizing beauty pageants over addressing the «escalating crisis of farmer suicides in Telangana.» Speaking in the Assembly on Tuesday, KTR criticized the government's decision to spend Rs 55 crore on events like Miss World while claiming that farmers are struggling without drinking or irrigation water, according to a statement released by his office. «When the state is reeling under distress, with farmers taking their lives, the government is busy organizing beauty contests. These events have no relevance or necessity,» KTR said. He demanded that the government explain how the pageants generate jobs or revenue. He accused the administration of projecting them as a grand international achievement despite their declining global significance. KTR also slammed the government for «locking up» the statue of Dr BR Ambedkar, questioning why it has been excluded from the tourism circuit. «Why is Ambedkar being held captive behind locks? Will they open it at least on his birth anniversary when followers from across the country visit?» he asked.

Subscribe to enjoy similar stories. Bengaluru: Logistics company Delhivery Ltd expects its three-month-old quick-commerce business to end this fiscal year with ₹100 crore in revenue and its new warehouses catering to online-first brands and e-commerce platforms to break even in a few months. The Gurugram-based firm is also looking to expand its quick-commerce business to major metropolitan cities in a few months, said Milind Sharma, Delhivery’s newly appointed head of rapid commerce and direct-to-consumer brands.

Subscribe to enjoy similar stories. Mumbai: Deposit rates may begin to come down starting April as lenders move to protect margins, at a time of easing credit demand and expectations of another repo rate cut. Most banks did not change their deposit rates after the Reserve Bank of India reduced the repo rate by 25 basis points (bps) in February.

Rachel Reeves is getting ready to give the Spring Statement for 2025. She'll be talking about how the economy is doing and the challenges that are still ahead. However, with stalled tax receipts and increased borrowing costs, she is expected to announce £5 billion in public spending cuts. The details of these cuts will be outlined in the summer’s spending review. Reeves, as per media reports, will stress her commitment to fiscal discipline in spite of pressure from economists arguing against self-imposed constraints. A Guardian report stated that the Office for Budget Responsibility (OBR) is expected to confirm that October’s projections have shifted into the red. Reportedly, this was caused by a £10 billion shortfall due to higher debt financing and increased defence spending. To address this, international aid has already been reduced by £6 billion, the report stated and added that welfare cuts and civil service job reductions will also contribute to savings.

Canadians need a drink.

Last week, Pierre Cléroux of the Business Development Bank of Canada wrote here that for the first time in 15 years of making economic outlook presentations, he’s getting unprompted questions about productivity. It seems Canadians are having an “Aha!” moment about productivity, thanks to U.S. President Donald Trump’s tariff attack on their bottom lines.

subsidy program that will benefit satellite internet providers like Elon Musk’s Starlink, but some state and federal officials worry the technology isn’t robust enough to connect Americans on a mass scale and at affordable rates. The Biden administration’s vision for the Broadband Equity and Access Deployment Program (BEAD), designed to deliver fast, reliable home internet service to every US household, leaned heavily on fiber-optic lines, a technology that’s expensive to install but can last for decades. The shift toward satellites is a result of extensive lobbying by Musk and has gained Republican support, including from Senate Commerce Committee Chairman Ted Cruz. State and former federal officials, several of whom spoke to Bloomberg on the condition of anonymity, described pitfalls with Commerce Secretary Howard Lutnick’s new approach, which gives more opportunities for satellite terminals that are initially inexpensive, but can cost more over time. One state official shared internal data that showed satellite service costs consumers 53% more over the course of 30 years. Satellite service would also cost more than twice as much to maintain over that time frame, according the data.

Alstom has achieved a key milestone with the delivery of its 500th electric locomotive to Indian Railways, the company said on Tuesday. The company highlighted that all of these locomotives are fully manufactured in India, underscoring a major step in both Alstom’s and India’s Railways' modernisation efforts. The 500th fully India-made Prima T8 WAG12B e-locomotive was delivered from Alstom’s state-of-the-art manufacturing facility in Madhepura, Bihar. The delivery event was attended by key dignitaries, including Mr. Manish Kumar, Chief Administrative Officer of Indian Railways, along with senior officials from Alstom.

NASA is closely monitoring a massive asteroid as it prepares to make a rare close approach to Earth. The space rock, known as 2014 TN17, is larger than the Great Pyramid and will pass by at more than 48,000 mph. Should we be worried? This is what you should know.

The survey will gather information to help the watchdog better understand the ESG ratings market, examining elements such as the business models and group structures used to provide these scores, how the ratings are constructed and distributed, as well as the policies and processes implemented by firms. FCA to cut down on financial sector regulation as it prepares to launch five-year strategy The results will inform the FCA's cost benefit analysis (CBA), policy development and «help ensure that the future regulation is both proportionate and tailored to the needs of the market».  "...

Subscribe to enjoy similar stories. The U.S. is entrusting its most expensive jet-fighter program in history to a company that hasn’t successfully launched a commercial or military aircraft in a decade.

An ATM interchange fee is a charge that one bank pays to another for offering ATM services to customers. Banks often pass on these charges to users as part of their banking costs. For instance, if you are an HDFC Bank customer and go to SBI ATM to withdraw money and reside in Delhi, HDFC Bank will charge you if you on the fourth transaction in a month at an SBI ATM as an HDFC Bank customer. Income Tax GuideIncome Tax Slabs F

OpenAI and Anthropic. The new model, DeepSeek-V3-0324, was made available through AI development platform Hugging Face, marking the company's latest push to establish itself in the rapidly evolving AI market. The latest model demonstrates significant improvements in areas such as reasoning and coding capabilities compared to its predecessor, with benchmark tests showing enhanced performance across multiple technical metrics published on Hugging Face.

Oil and Natural Gas Corp. is seeking to diversify its portfolio to shield its core business from volatile oil prices, said Arunangshu Sarkar, director for strategy at the state-run giant. The company’s multi-pronged approach involves entering the refining and petrochemical sectors, trading liquefied natural gas and growing its renewable capacity. According to the International Energy Agency, the world is entering an era of cheaper energy prices, with growing electricity use leading to a surplus of oil and gas. ONGC is among the several oil majors looking to diversify their business strategies as the global economy moves away from fossil fuels.

Hindustan Unilever, Nestle and many home-grown giants. These small and regional players are growing faster than the biggies and even nibbling at their market shares. Latest data from market tracker Kantar shows that big companies, which control 34% of the market, saw sales volume increase 2-3% in urban areas over the past four quarters compared with year earlier periods, ET has reported. At the same time, smaller brands that account for the remaining almost two-thirds of the market for fast-moving consumer goods (FMCG) grew 5-7%, said the research firm owned by British communications firm WPP. Kantar, which monitors both branded and unorganised products, including unpackaged voluminous commodities, defines big companies as those reaching more than a third of India’s 250 million households. Smaller companies with lower reach, some restricted to just a state, include new-age brands as well as local or regional ones.

«India's GDP will grow 6.5 per cent in the fiscal year ending March 31, 2026, we expect. Our forecast is the same as the outcome for the previous fiscal year, but less than our earlier forecast of 6.7 per cent,» S&P said. The forecast assumes that the upcoming monsoon season will be normal and that commodity- especially crude-- prices will be soft. Cooling food inflation, the tax benefits announced in the country's budget for the fiscal year ending March 2026, and lower borrowing costs will support discretionary consumption in India, S&P said. The global credit rating agency expects central banks in the Asia Pacific region to continue cutting benchmark interest rates through this year.

Subscribe to enjoy similar stories. President Trump wants to secure the minerals the U.S. needs for everything from smartphones to jet fighters by striking deals in Ukraine, Greenland and even Russia.