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The Economic Times

Economy / The Economic Times

Why Pernod Ricard is facing heat in Indias biggest liquor market

French liquor giant Pernod Ricard faces significant hurdles in India, its largest global market by volume. The company is embroiled in a massive federal tax dispute and an antitrust investigation. Additionally, Pernod is under scrutiny from India's financial crime agency regarding alleged collusion in Delhi's liquor license auctions.

27 May 2026 11:18 am
Authorities allege Pernod Richard withheld Scotch composition, age in effort to pay lower tariffs under $314 mln refund case

Indian tax authorities are in a legal fight with Pernod Ricard. Investigators claim the French company hid the true value of Scotch whisky imports. This led to a demand for 30 billion rupees in back taxes. Pernod Ricard denies wrongdoing. The company argues it was not given all the necessary data for the investigation.

27 May 2026 11:12 am
PM Modi urges citizens to stay hydrated, protect vulnerable groups amid rising heatwave

Prime Minister Narendra Modi has issued a strong appeal to citizens to take precautions against the ongoing extreme heatwave. He stressed the importance of staying hydrated and being vigilant for heat-related symptoms. The Prime Minister also encouraged community care, urging people to help those in need and provide water for animals and birds.

27 May 2026 11:03 am
North Korea tests AI-guided missiles and artillery rockets designed for modern warfare, KCNA says

North Korea has tested advanced weapons including AI-guided cruise missiles. Leader Kim Jong Un supervised these drills. The nation vows to deploy these upgraded missiles near its border with South Korea. This move signals a shift towards modern warfare capabilities. Analysts suggest AI use in missile targeting is new, with precision yet to be confirmed.

27 May 2026 10:57 am
Virat Kohli turned vegetarian for actress Anushka Sharma. What are his sources of protein for ageless fitness?

Anushka Sharma's influence inspired Virat Kohli to adopt a vegetarian lifestyle, a major change from his previous meat-heavy diet. This shift, driven by health concerns and compassion for animals, has led to improved well-being and a more balanced outlook for the cricketer. Read on to learn about his sources of protein.

27 May 2026 10:57 am
SC quashes CCIs Rs 202 crore penalty on Amazon over Future Coupons deal

The Supreme Court has overturned a Rs 202-crore penalty imposed on Amazon by the Competition Commission of India. This penalty was related to Amazon's 2019 investment in Future Coupons. The CCI had alleged that Amazon suppressed information during the approval process. This development follows a mutual settlement between Amazon and Future Group, leading to the withdrawal of all legal proceedings.

27 May 2026 10:55 am
IPL 2026 Purple Cap Race: Tight fight as Bhuvneshwar & Rabada level; Orange Cap battle also heats up; check latest standings

Updated IPL 2026 Purple Cap: Defending champions Royal Challengers Bengaluru secured their spot in the IPL 2026 final with a dominant 92-run victory over Gujarat Titans. Skipper Rajat Patidar's explosive unbeaten 93 powered RCB to 254/5, a total their bowlers defended effectively, dismissing GT for 162. Bhuvneshwar Kumar leads the Purple Cap race with 26 wickets.

27 May 2026 10:54 am
NEET-UG 2026 paper leak case: CBI arrests Pune faculty, Latur doctor; total arrests reach 13

The CBI has arrested two more people in the NEET-UG 2026 paper leak case. This brings the total number of arrests to thirteen. The new arrests include a doctor from Latur and a faculty member from a Pune coaching institute. The investigation is ongoing to uncover the full conspiracy.

27 May 2026 10:52 am
Commercial slaughter of Mithuns banned in Arunachal' s Itanagar

The Itanagar Capital Region administration has banned the commercial slaughter of Mithuns. A fine of Rs 20,000 will be imposed for violations. Additionally, meat, fruit, and vegetable stalls along NH-415 are ordered to be removed within ten days. This action aims to ease traffic congestion and improve public health within the city.

27 May 2026 10:49 am
Ebola virus in India? Here's the latest update on the Bengaluru scare, symptoms and precautions explained

Ebola virus in Bangalore: A woman returning from Uganda was quarantined in Bengaluru with Ebola-like symptoms. Her tests have come back negative, bringing relief to health officials. The Indian government is monitoring the global Ebola situation closely. Travelers from affected regions are advised to monitor their health. No Ebola cases have been confirmed in India.

27 May 2026 10:43 am
Quote of the Day by Bernard M. Baruch: Be who you are and say what you feel, because those who mind don't matter, and those who matter - The Jewish advisor to Franklin D. Roosevelt on the exhausting urge to be liked by everyone

Quote of the Day by Bernard M. Baruch, Be who you are and say what you feel, encourages authenticity over the exhausting need for universal approval. This timeless advice grants permission to speak honestly and exist without fear of judgment.

27 May 2026 10:43 am
Yogi Adityanath warns against new model of theft: Man arrives in Rs 2.5 crore luxury car allegedly steals Rs 45 flowerpot

Uttar Pradesh Chief Minister Yogi Adityanath on Tuesday spoke about an unusual theft case, claiming CCTV cameras captured a person arriving in a luxury car worth around Rs 2.5 crore to allegedly steal a flowerpot worth just Rs 45. Calling it a new model of theft, he said the government would not tolerate damage or theft of public property installed for city beautification projects.

27 May 2026 10:36 am
From jobless to Rs 50,000/month, thanks to a electric scooter. CEO reacts 'super hit after learning about the man's income

A young delivery partner from a small town is achieving significant financial independence by earning around Rs 1,500 daily through e-commerce deliveries on a rented electric scooter. This innovative mobility solution is not only providing him with a steady income but also enabling him to support his family back home, showcasing a powerful model for economic empowerment.

27 May 2026 10:32 am
Bayer CropScience Q4 net profit rises 13% on higher revenues

Bayer CropScience's profit surged 13% in the March quarter and 21% for the full fiscal year.

27 May 2026 10:27 am
Delhi temperature: When will it rain in Noida, Gurgaon? IMD shares latest update on heatwave relief and weather forecast for the next few days

Delhi temperature today: Delhi-NCR faces a heatwave with temperatures reaching 45C. Relief is expected from May 28 with thunderstorms and rain. A significant temperature drop to 36C is forecast for May 29. Rain and cloudy skies will persist until May 31. Conditions are set to stabilize by June 1 with temperatures around 37C.

27 May 2026 10:26 am
China expands travel curbs to top AI talent at private firms

China is now restricting top AI professionals in private companies from traveling abroad. This move aims to protect its advanced technology and boost its standing against the United States. Individuals deemed strategically important need government approval for overseas trips. This policy targets talent in the AI sector, including startup founders and researchers.

27 May 2026 10:25 am
IPL Orange Cap winner in 2014 is now a mental health coach: A journey from suicidal thoughts to winning the World Cup alongside MS Dhoni

Former cricketer Robin Uthappa draws parallels between cricket's intense pressure and corporate life, revealing his past struggles with suicidal thoughts and identity. He found solace and rediscovered his passion for the game through his wife's advice, ultimately leading to a new chapter in coaching and a focus on mental well-being.

27 May 2026 10:00 am
Eid Mubarak 2026: Top 10 ChatGPT, Gemini prompts for Bakrid and Eid Al Adha posters, templates, images and more

Muslims worldwide prepare for Eid Al Adha, also known as Bakrid. India will celebrate on Thursday, May 28, 2026. Many are using AI tools like ChatGPT and Gemini. These platforms offer prompts to generate festive posters, templates, and images. This helps individuals share greetings and wishes digitally with friends and family.

27 May 2026 9:52 am
Premanand ji Maharaj health latest news: 'Main milu ya na milun' emotional message appears amid health worries

Premanand ji Maharaj Health News Today: Spiritual leader Premanand Maharaj has suspended his public appearances and meetings due to health concerns, leading to anxiety among his followers. In a recent emotional video, he urged devotees to continue their spiritual path with faith, emphasizing that his presence is not central to their devotion and encouraging them to focus on naam jap and bhajan.

27 May 2026 9:51 am
UK spy chief warns Russia cyber threats could overwhelm Britain and allies

Britain and its allies face a serious cyber threat from Russia. A top spy chief warns that critical infrastructure, elections, and public trust are under attack. She stresses the need for urgent action from everyone, from businesses to individuals. Rapid AI advancements mean a narrow window exists to stay ahead of rivals like China.

27 May 2026 9:50 am
Ghaziabad: Fire breaks out in residential building after electric vehicle catches fire while charging

A fire erupted in a Ghaziabad residential building early Wednesday morning. An electric vehicle allegedly caught fire while charging on the ground floor. Firefighters responded quickly to the four-storey building. They controlled the blaze and rescued occupants. No casualties were reported. Investigations into the cause are underway. A separate factory fire in Bulandshahr also occurred recently.

27 May 2026 9:42 am
He was background dancer in Aishwarya Rai, Madhuri Dixit, Karisma Kapoor's films. Earned only Rs 1.5 lakh as his first salary. Now, he is one of Bollywoods highest-paid actors

Karisma Kapoor recently recalled Shahid Kapoor's early days as a background dancer, even appearing in her songs before his acting debut. Despite facing numerous rejections and financial struggles, Shahid's dedication led him to become one of Bollywood's highest-paid stars. Read on to know more about his journey.

27 May 2026 9:29 am
Craving ice cream, cold drinks, packaged shakes? Top nutritionist recommends 6 healthier summer food swaps to beat the heat

Beat the summer heat with smart food choices. Nutritionist Lovneet Batra suggests simple swaps for popular treats. Trade sugary cold drinks for homemade lemon soda with salt. Replace packaged mango shakes with traditional aam panna. Opt for watermelon over packaged orange juice. Enjoy iced lattes instead of cold coffee. Choose homemade popcorn over chips.

27 May 2026 9:28 am
Monsoon uncertainty, price pressures to weigh on Indian agrochemical performance: Report

Indian agrochemical companies face challenges ahead. Higher prices for farm chemicals and uncertain monsoon rains are expected to impact performance in the second quarter of fiscal year 2027. Global El Nino concerns add to the worry. Meanwhile, China's pesticide production continues to surge, impacting global supply dynamics. Other chemical sectors also show signs of slowdown.

27 May 2026 8:52 am
Piyush Goyal maps out India's bilateral roadmap with Canadian corporate chiefs

Union Minister Piyush Goyal met with prominent Canadian industry leaders in Toronto to explore investment avenues and expand bilateral economic partnerships. Discussions focused on enhancing collaborations in financial services, infrastructure, sustainable agriculture, and critical minerals processing, aiming to strengthen supply chains and promote India as an export hub.

27 May 2026 8:47 am
Indian govt closely monitoring Ebola situation; no confirmed case yet

India is closely watching the Ebola situation due to outbreaks in Africa. No confirmed cases have been reported in the country. A person in Bengaluru, who traveled from Uganda, was isolated for observation after showing mild symptoms. Health authorities are following World Health Organization guidelines. Samples have been sent for testing. The individual remains in healthy condition.

27 May 2026 8:46 am
Byjus founder Raveendran sentenced to six months in jail for contempt of court

Byju Raveendran, founder of the failed Indian tech firm Byju's, has been sentenced to six months in jail by a Singapore court for contempt. The court found he disobeyed multiple orders concerning his assets. This latest setback comes as foreign investors, including Qatar Investment Authority, pursue him globally to recover losses.

27 May 2026 8:41 am
Samsung workers approve pay deal, shares surge

Samsung Electronics unionized workers have approved a bonus pay deal, averting an 18-day strike. The agreement, however, creates significant pay disparities, with memory chip division workers set to receive substantial bonuses, while others in consumer electronics will get much less. This deal aims to narrow the gap with rival SK Hynix amid soaring AI-driven chip demand.

27 May 2026 8:30 am
Quote of the Day by Michel de Montaigne: When I am attacked by gloomy thoughts, nothing helps me so much as running to... Learn the timeless wisdom on peace, and mental healing from todays quote by the father of modern essays

Quote of the Day by Michel de Montaigne is gaining fresh attention as readers search for mental peace, emotional healing, and wisdom through books. The famous Michel de Montaigne quote reveals how reading can calm gloomy thoughts, reduce emotional stress, and rebuild inner clarity. In todays distracted world, books still act like quiet therapy. This Quote of the Day reminds people that strong minds grow through reflection, deep reading, and meaningful ideas, not endless noise or digital escape.

27 May 2026 8:30 am
Kolkata weather update: IMD predicts light rain, thunderstorms in the 'City of Joy' from today, yellow alert for tomorrow

Rain prediction Kolkata: Kolkata anticipates a welcome respite from the heatwave as light rainfall is predicted starting today, May 27. Enhanced rain activities are expected across south Bengal from Wednesday, with Thursday and Friday offering higher chances of downpours. Residents can expect a humid and stormy week ahead, with thunderstorms and gusty winds likely.

27 May 2026 8:29 am
Ebola scare in Bengaluru: Traveller isolated after arriving from Uganda, sample sent for testing

A traveler from Uganda has been isolated in Bengaluru with mild symptoms, prompting precautionary measures amid African Ebola outbreaks. Samples are being tested, and authorities emphasize no confirmed cases in India while urging the public to rely on official information.

27 May 2026 8:27 am
Low cost glasses help India's poor see a better future

Tofan Jena and Minati Rout are among many in India regaining sight through affordable glasses. GoodVision, a charity, offers free eye screenings and glasses to those in need. They also perform cataract surgeries. This initiative brings clear vision to communities lacking access to eye care. The program aims to improve lives and boost productivity across India.

27 May 2026 8:26 am
Quote of the day by Kevin Costner: 'Marriage is the ability to say youre sorry. I know that sounds so simple. But you need to, even when you think youre in the right' - Dance With Wolves, Yellowstone, The Bodyguard actor explains what makes marriages work

Kevin Costner once shared a simple yet profound marriage insight: the ability to apologise, even when you believe you are right. This emphasises emotional maturity and valuing the relationship over ego. Despite his own public divorces, this advice continues to resonate for its realistic approach to navigating disagreements. Read on!

27 May 2026 8:24 am
Trump declares himself in 'perfect' health, as 80th birthday looms

Donald Trump said an annual medical checkup had gone perfectly Tuesday, as the health of the oldest US president ever to take the oath faces growing scrutiny with the approach of his 80th birthday. Biden was the oldest ever president to take office -- until Trump began his second term.

27 May 2026 8:20 am
Adanis set up largest single-site battery storage outside China

Adani Green Energy has commissioned a massive 3.37 GWh battery storage system in Khavda, Gujarat. This is the world's largest single-location battery storage outside China. The project was completed rapidly, enhancing grid reliability and enabling round-the-clock renewable power. Adani Green Energy plans significant future expansion of its battery storage capacity.

27 May 2026 8:05 am
JK Tyres lines up Rs 4,900 crore capex plan till FY30

JK Tyre plans a massive 4,900 crore investment by FY30 to expand its production capacity. This significant outlay signals strong confidence in future demand across vehicle segments. The company is already undertaking a 1,130 crore expansion. This strategic move aims to increase capacity by nearly a fourth, with a focus on passenger car radial tyres.

27 May 2026 7:59 am
Telangana, Hyderabad weather to see a change soon amid extreme heatwave: IMD forecasts pre-monsoon rainfall, thunderstorms from May 28

Hyderabad weather update: Telangana is facing an intense heatwave, with the IMD issuing red and orange alerts for several districts. While temperatures soar above 46C in many areas, pre-monsoon showers are expected from Thursday, potentially bringing relief with light rain and thunderstorms across the state. Hyderabad is likely to partly cloudy skies with light rain.

27 May 2026 7:57 am
Quote of the day by Franz Kafka: There are times when I am convinced I am unfit for any human relationship.

Franz Kafka's profound words capture a universal struggle with human connection. Many feel alienated and doubt their ability to form relationships. Modern life, with its digital interactions, intensifies these feelings. The fear of vulnerability makes genuine intimacy challenging. Kafka's insights remain relevant, highlighting the ongoing human desire for belonging alongside the fear of emotional risks.

27 May 2026 7:53 am
Hundreds try to flee West Bengal as anti-infiltration drive triggers 'reverse exodus'

Suspected illegal immigrants are gathering at the Hakimpur border in West Bengal seeking to return to Bangladesh. This follows the state's new BJP government's announcement of a detect, delete and deport policy. Holding centres are being set up across districts for apprehended foreigners. The move revives scenes from last winter's voter revision exercise.

27 May 2026 7:48 am
What we know and don't know about the possible deal to end the Iran war

The United States and Iran are close to a deal to end the ongoing war and reopen the vital Strait of Hormuz. Negotiations are progressing well, with both sides expressing optimism. The agreement aims to cease hostilities, allow global shipping to resume, and address Iran's nuclear program. Details are still being finalized, but a resolution appears within reach.

27 May 2026 7:48 am
Samsung plans $1.5 billion chip testing plant in Vietnam, document shows

Samsung Electronics is investing $1.5 billion in Vietnam to build a new semiconductor testing plant, set to begin operations in November 2027. This expansion aims to address the global shortage of DRAM and NAND memory chips, exacerbated by surging AI demand.

27 May 2026 7:47 am
ADNOC LNG tanker heads to India as gas shipments resume through Strait of Hormuz

A liquefied natural gas tanker from Abu Dhabi has exited the Strait of Hormuz. This marks an increase in energy shipments through the crucial passage. The vessel is heading to India. This comes as energy flows through Hormuz see a slight rise. The strait had been largely closed to LNG traffic since late February. This situation had impacted global supply.

27 May 2026 7:34 am
Newspaper publisher and former AP board chairman Donald Newhouse dies at 96

Donald E. Newhouse, president of Advance Publications and former AP chairman, has died at 96. He led the family's newspaper group for nearly 50 years, navigating it into the internet age while emphasizing quality journalism and editorial independence. Newhouse was known for his wisdom, generosity, and a hands-off approach to his publishers.

27 May 2026 7:32 am