United Spirits Limited, the India subsidiary of London-based Diageo, has launched Smirnoff Ice in India, the first time the vodka brand has entered the ready-to-drink segment in the country, Mint reported on Thursday. Ready-to-drink products are pre-mixed alcoholic beverages sold in a can or bottle. The company has two versions:...
Singapore’s Temasek Targets a Piece of India’s $18.5B Cricket League
Temasek, Singapore’s state-owned sovereign investment firm, is weighing a potential move into the Indian Premier League, signaling growing global investor interest in one of the world’s most valuable sports properties. They have a long history of investments into India. Temasek’s India managing director, Vishesh Shrivastav, told Reuters the firm is...
India’s Khaitan Builds Billion Dollar Liquor Empire
Abhishek Khaitan, a third-generation liquor baron from India, transformed his family's distillery business into a billion-dollar enterprise by recognizing and capitalizing on changing drinking habits in India. The journey began when a visit to Las Vegas in the early 2000s exposed him to the premium vodka market, inspiring him to...