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: As tax hikes in major states and last year’s slowdown in middle-class consumption hurt mass alcohol brands that were the strength of the industry, Allied Blenders and Distilleries Ltd is homing in on premium customers.In March, the Mumbai-based distiller launched a premium and luxury spirits subsidiary, ABD Maestro, in partnership with Hindi film actor Ranveer Singh. The company is expecting to close FY26 with a revenue of ₹100 crore annualized run rate (ARR) and aims to double that in the next financial year, Alok Gupta, Allied Blenders’ managing director, told Mint in an interview.ABD Maestro is home to Allied Blenders’ premium brands, including small batch gin brands Zoya and Pumori, vodka brand Rangeela, and Yello, a whiskey the company launched just last month.“What we have been working on is to figure out what the forward consumption is, where the consumer is likely to go in the sipping and cocktails terrain,” Gupta said.

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Data-centre investments hint at a shift in the AI race. Soon, reliable and affordable electricity will confer a decisive advantage in this sector.

software-as-a-solution (SaaS)-like model of recurring subscriptions.“Procurement and financial approvals still lean heavily towards hardware acquisitions,” said Ankit Mehta, co-founder of ideaForge. While annual maintenance contracts are the bread and butter for hardware makers, software is the expected add-on, at least for the time being.

Shares of Indian oil companies have been volatile over the past three days, after the US removed the president of Venezuela through a military intervention over the weekend. While Indian state-run oil marketing companies (OMCs) Indian Oil Corp.

retirement age defined by the organisation overrides the option of exit after completion of 15 years,” said Sumit Shukla, MD and CEO, Axis Pension Fund.The main hesitation towards NPS was the lock-in until 60 years of age and the minimum 40% annuity. “Now, both have been considerably eased.

There’s more to dense fog conditions than pollution and flight cancellations. There’s also the risk of power outages.In fact, a perfect storm may be brewing across several parts of north and central India, where a rain-deficient winter, dense fog conditions and atmospheric pollution have raised concerns over the tripping of power transmission lines, said three people aware of the outage concerns in India’s power system.Fog increases moisture on power transmission lines, allowing pollutants in the air to settle on their surface.

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Removing Venezuela’s dictator introduced ‘Trump’s Corollary’ in Latin America with an exclamation point. The White House’s updated take on the Monroe Doctrine had its baptism of fire on Saturday, when US forces captured Nicolás Maduro at his Caracas stronghold, decapitating the Chavista regime responsible for bankrupting one of the world’s richest oil nations. Less than a month after Washington unveiled a new National Security Strategy pledging to restore American pre-eminence in the Western Hemisphere—by force if necessary—Maduro and his wife were on their way to New York to face “narco-terrorism” charges.

Godrej Consumer Products Ltd (GCPL) signals a gradual consumption recovery over the next few quarters, with improving demand conditions in the December quarter (Q3FY26). Easing inflation and a better affordability after the goods and services tax rate rationalization would aid revival.In its Q3FY26 pre-quarterly update, GCPL stated that consolidated revenue (in rupee terms) would be close to double digits, driven by double-digit volume growth in the India business.

₹12 crore and going beyond ₹15 crore. Its Bandra Bay project is a Maharashtra Housing and Area Development Authority (Mhada) society redevelopment venture.“What makes Bandra Bay truly distinctive is that it combines the aspirational legacy of Bandra with the openness of bay front living, a rare offering in a land-constrained city like Mumbai,” Hiranandani added.Adani Properties will launch its largest luxury project in the area, featuring sea-facing apartments that will be sold by invitation only in the initial phase.

Dear reader, as 2025, a year of global tumult and volatility, rolls by, Mint's reporters and columnists look around the corner on what is coming in 2026—to help you know what to expect and prepare for it. Tell us what you think at [email protected]: Despite equity markets remaining muted, systematic investment plans (SIPs) are set to drive the retail mutual fund assets under management (AUM) next year, with most of the flows expected to go towards hybrid and multi-asset schemes.Within equity and hybrid mutual funds, 27% of the assets under management are contributed by retail investors, who are defined as those investing less than ₹2 lakh.

Unlike Charles Dickens’ fabled expression, it isn’t the best or worst of times for us in India; we have seen better and we have seen worse. Inspired, however, by the title of the celebrated work from which these lines are taken, I am going to tell a tale—not of two cities, but of two disruptions, both of which arrived on India’s scene with a bang, promising the consumer escape from mediocrity and even delivering on that promise for a while.This is a tale of IndiGo in aviation and Vodafone in telecom. Both injected competition into sectors long accustomed to limited choice and uneven service.

. While the fear gauge still hovers near 10, January is shaping up to be a month of heightened volatility, suggesting that market swings could intensify as budget day approaches. The Union budget is likely to be tabled on 1 February this year.Historically, the India Vix edges higher ahead of the Union budget as investors price in uncertainty around policy decisions and spending priorities.

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₹3,500–4,000 crore with existing investor Lighthouse Funds and the promoters set to offload a total of about 60% of their holding,” one of the people cited above said. A second person confirmed the details, adding that this will largely be a secondary transaction.This assumes significance as fast-growing, consumer-facing healthcare companies are attracting strong investor interest, backed by rising insurance penetration, improving affordability and a widening patient base in India’s medical devices sector.In August, Mint first reported that the company had reopened talks and appointed O3 Capital to help with the mandate after discussions with Temasek for a significant minority stake were put on hold in 2024.Tynor’s founder Pushvinder Jit Singh, Lighthouse Funds, Kedaara and O3 Capital did not respond to emails sent on Tuesday.In 2024, Mint had exclusively reported that Singapore-based Temasek was the front-runner to acquire a significant minority stake in the company, outpacing other global private equity firms such as Warburg Pincus and Norwest Venture Partners.The new development comes nearly eight years after Tynor raised $21 million at a post-money valuation of $103.3 million from investors including Lighthouse, Thuasne and Vihome B.V.

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flat steel products at 12% for the first year, 11.5% for the second and 11% for the third year. India had notified an interim order imposing the duty in April to halt the surge in imports, which had lapsed on 7 November.Benchmark HRC prices had fallen to ₹47,100 per tonne in November, a 10-month low, while rebar prices stood at ₹47,000 per tonne, a five-year low due to low demand and oversupply.Hot rolled coil is used in automobiles and home appliances, while rebars are used in construction and infrastructure.Tata Steel, JSW Steel, Jindal Steel, AMNS India and Steel Authority of India did not respond to Mint’s queries on price hikes.According to Niladri N Bhattacharjee, Partner and Metals and Mining Industry Leader at Grant Thornton Bharat, the December safeguard duty, coupled with a weaker rupee, has raised the cost of steel imports from countries such as China and Japan, giving domestic producers confidence to raise prices.“Supported by strong domestic demand, these factors have allowed steelmakers to push through price hikes.

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The purchasing managers’ index (PMI) for Indian services in December released on Tuesday mirrors the trend in manufacturing, with the year ending on a note of moderation. The reading dipped to an 11-month low of 58.0 from 59.8 in November.