Diageo

India's Scotch probe of Diageo, Pernod undermines UK pact benefits: ISWAI

The liquor industry group representing Diageo and Pernod Ricard said that India's move to exclude bulk Scotch imports from the reduced tariff contradicts the trade pact

Tax dept probes Pernod, Diageo Scotch imports under UK trade pact

Tax officials are examining whether bulk Scotch imports qualify for lower duties under the India-UK pact, sources said. Pernod and Diageo said they were cooperating with authorities

Diageo challenges FSSAI rum ban in court, says action lacked 'due process'

Diageo's court challenge puts FSSAI's liquor crackdown under scrutiny, as the company questions the authority and timing of the rum ban and says the process was legally flawed

FSSAI calls Diageo's 'matured in American oak casks' claim misleading

United Spirits told stock exchanges this week it anticipated no financial implications from the ban but ​it was closely monitoring the matter

United Spirits gains 4% in weak market, nears 52-week high; here's why

United Spirits: The stock price of the breweries & distilleries company quoted higher for the third straight day, surging 6 per cent during the period.

United Spirits cuts 93% emissions, surpasses renewable energy targets

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

IPL cricket team RCB put on sale: Is United Spirits stock worth a buy?

Diageo, the parent company of United Spirits, plans to divest its stake in IPL franchise Royal Challengers Bengaluru. Tech chart suggests United Spirits stock can potentially zoom up to 28% from here.

Diageo India partners with THSC to train 300 youth for different roles

Alcohol beverage company Diageo India on Thursday said it has inked an agreement with the Tourism and Hospitality Skill Council (THSC) to train 300 students under its 'Learning for Life' programme for roles in the hospitality, business, and service sectors. The Memorandum of Understanding (MoU) involves classroom-based training programmes to be conducted at THSC-affiliated centres in Bengaluru by certified trainers and assessors. Designed as a short-term skilling initiative for unemployed and underprivileged youth, the curriculum is aligned with the National Skill Qualification Framework (NSQF), covering technical training, communication, digital literacy, and soft skills to prepare candidates for roles in the hospitality, business, and service sectors, with the objective of enhancing employability and bridging industry skill gaps. Diageo India MD and CEO Praveen Someshwar said that the hospitality sector is a vital engine of growth and opportunity. "Through 'Learning for Life' and

Diageo CEO Debra Crew steps down, CFO Nik Jhangiani to be interim chief

Crew had led Diageo as CEO since June 2023, having joined the board as a non-executive director in 2019

Diageo India to acquire majority stake in NAO Spirits for ₹130 cr

United Spirits will acquire a controlling stake in NAO Spirits, including popular gin brands Greater Than and Hapusa, marking a strategic expansion into Indian craft spirits

Diageo weighs Royal Challengers Bengaluru stake sale, eyes $2 bn valuation

Diageo, through its Indian arm United Spirits, is exploring a potential sale of IPL franchise RCB amid rising regulatory pressure and soaring league valuations

Diageo to cut Scotch prices in India as UK FTA halves import duties

Duties on UK-made whisky and gin will drop from 150% to 75%, and then to 40% over 10 years under India-UK Free Trade Agreement; Diageo to pass on savings

Jaguar Land Rover, Diageo among winners as UK-India sign model trade deal

Free Trade Agreement announced after three years of negotiations, will make it cheaper for UK firms to sell their whiskeys, cars, auto parts, cosmetics, biscuits, clothes and electrical machinery

CBI names Diageo, Sequoia Capital in case alleging suspicious payments

The agency said Diageo suffered a huge loss from the 2005 embargo on its products by the India Tourism Development Corp, a firm majority-owned by the government that had a monopoly

Diageo submits financial documents in Delhi police corruption investigation

The documents submitted included certain bank statements, records of financial dealings with the Delhi city agencies

Diageo India's CEO summoned by Delhi city police in liquor payments case

A spokesperson for Diageo India confirmed receiving the Delhi police notice and said the company would fully cooperate and was "in the process of providing the information sought"

Diageo names Nik Jhangiani as new CFO as it recovers from profit warning

Diageo shares rose by more than 1.5% in early trading, outperforming the FTSE 100 index

Diageo India focuses on value over volumes business, says CIO Damodaran

Vikram Damodaran, Chief Innovation Officer (CIO), Diageo India, talks about the company's growth strategy and expansion plans, in an interview with Ayushman Baruah and Aneeka Chatterjee in Bengaluru

India's love of homegrown single malts is shaking up Pernod, Diageo

As India comes into its own as a maker, not just consumer, of whisky, its single malts are reshaping the country's $33 billion spirits market

Deepika Warrier steps down as Diageo CMO, Ruchira Jaitly likely to succeed

Ruchira Jaitly, who is currently the executive vice president of marketing at Diageo, is most likely to succeed Warrier