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United Spirits
Diageo India (United Spirits Ltd) has reported a 93 per cent reduction in greenhouse gas emissions since 2020 in its fourth annual ESG index, achieving 99 per cent renewable energy use well ahead of its 2030 targets. The Environmental, Social, and Governance (ESG) index, aligned with Global Reporting Initiative standards, UN Sustainable Development Goals and Sustainability Accounting Standards Board disclosures, covers fiscal year 2024-2025 and highlights water conservation, low-carbon initiatives and community impacts in water-stressed regions. Jitendra Mahajan, Diageo India's Chief Supply and Sustainability Officer, said the agenda builds a business that "grows responsibly, leads with integrity and creates long-term value". Key achievements include a 54 per cent improvement in water-use efficiency at distilleries and 35 per cent at packaging sites since 2020, with 1,82,000 cubic metres replenished in FY25, bringing the cumulative total to 11 lakh cubic metres since 2020. Initiati
Diageo-controlled liquor maker United Spirits Ltd on Wednesday reported a 14 per cent decline in its consolidated net profit to Rs 417 crore for the June quarter of FY26. The company had posted a net profit of Rs 485 crore a year ago, according to a regulatory filing from United Spirits Ltd (USL). Its revenue from operations was marginally up at Rs 6,295 crore during the quarter under review. It was Rs 6,238 crore in the corresponding period of the previous fiscal. USL's total expenses stood at Rs 5,776 crore, up 2.79 per cent in the June quarter. In the June quarter, "EBITDA was Rs 644 crore, down 9.7 per cent, largely due to a one-off indirect tax item impact and relatively higher A&P in the standalone business", said USL in its earnings statement. In the June quarter, USL's income from the 'Beverage alcohol' segment rose 8.37 per cent to Rs 2,549 crore. Its sports business, Royal Challengers Sports Private Ltd (RCSPL), which owns the RCB team for IPL and WPL, registered a 15.7
New York Mayor Eric Adams set out Thursday to persuade sceptical voters to grant him a second term, hosting a kickoff event for his independent reelection bid after a corruption indictment, a controversial dismissal and a decision to drop out of a the Democratic primary. On the steps of City Hall, Adams rattled off his political accomplishments while punctuating his speech with barbs for the expected Democratic nominee, Zohran Mamdani, casting the young liberal as a child of privilege with no real political achievements or realistic policies. "This election is a choice between a candidate with a blue collar" and one with a "silver spoon," Adams said. "A choice between dirty fingernails and manicured nails," he added. Two days ago, progressive upstart Mamdani declared a stunning Democratic primary victory over former Gov Andrew Cuomo, the presumed favourite despite a sexual harassment scandal that forced him from office four years ago. Mamdani, a 33-year-old democratic socialist in