Business
United Spirits contests FSSAI’s flavouring order, petitions HC
United Spirits finds itself at the center of a legal battle, opposing a food regulator’s decree about its McDowell’s No. 1 Rum labeling. The FSSAI asserts that flavors typical of rum and whisky are not permissible in spirits. Inspections have uncovered that various manufacturers employed neutral alcohols augmented with flavoring agents, resulting in these products
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‘Jana Nayagan’ box office collection: Vijay film drops 45.5%, crosses Rs 300 cr worldwide
Jana Nayagan has achieved a significant box office milestone, crossing Rs 300 crore worldwide. The action drama completed thirteen days in theatres, earning Rs 2.10 crore on its latest day. India net collections reached Rs 181.55 crore, while overseas markets added Rs 92 crore. The film’s worldwide gross collection now stands at Rs 303.74 crore.
Business
Govt ups LIC offer size, OFS India’s biggest
The government has announced an extra four percent sale in LIC’s offering, responding to considerable interest revealed by a 3.3 times subscription on day one. This strong demand from institutional buyers led to the exercise of the green shoe option, anticipating a total raise of roughly Rs 31,400 crore from this share sale. Retail investors
Business
21-yr gold quest: Expand mining, make India export hub
In a groundbreaking announcement, the World Gold Council has introduced an extensive twenty-one-year roadmap for India’s gold industry. This plan focuses on ramping up local mining efforts while establishing India as a premier jewelry hub. It also envisions increased integration of gold in high-tech sectors and financial systems, encouraging households to leverage their gold assets,
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West Bengal to fast-track land acquisition to take trains close to Doklam
West Bengal government has approved land acquisition for a new railway line. The new rail link will boost tourism in the Jhaldhaka-Bindu-Todey Tangta region. Railways and the forest department will conduct a joint survey after the monsoon. This strategically important project was previously stalled due to state government non-cooperation.