logo
Allied Blenders and Distillers launches Russian Standard Vodka in India under ABD Maestro

Allied Blenders and Distillers launches Russian Standard Vodka in India under ABD Maestro

Business Upturn5 hours ago

By Aditya Bhagchandani Published on June 17, 2025, 12:06 IST
Allied Blenders and Distillers Limited (ABD) has introduced Russia's top premium vodka brand, Russian Standard, to the Indian market through its luxury subsidiary ABD Maestro Pvt. Ltd. The launch includes three variants — Russian Standard Original (₹2,400 for 750ML), Gold (₹2,650), and Platinum (₹5,300 for 700ML), with Maharashtra being the first market. The vodka is known for its purity and smoothness, crafted with glacial water from Lake Ladoga and winter wheat from the Russian Steppes.
This rollout comes as the Indian vodka market, estimated at 14 million cases in 2024, continues to grow at a strong pace. Through a strategic partnership with global producer Roust Corporation, ABD Maestro aims to lead the premium and luxury spirits category in India.
Managing Director Bikram Basu emphasized the brand's focus on catering to evolving Indian tastes and filling the gap for high-quality, globally recognized vodka. Russian Standard will be available in premium retail stores, hotels, bars, and lounges, backed by ABD's robust distribution network.
Disclaimer: The information provided is for informational purposes only and should not be considered as an investment or business advice. Always verify details from official sources before making any commercial decisions.
Ahmedabad Plane Crash
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Remittance firm Aspora garners $93m in funding
Remittance firm Aspora garners $93m in funding

Yahoo

time30 minutes ago

  • Yahoo

Remittance firm Aspora garners $93m in funding

Cross border payments startup Aspora has raised $93m across three funding rounds, aimed at expanding its cross-border financial services. The company, founded in 2022, is focused on building financial infrastructure tailored to the needs of global Indian communities. Aspora is backed by venture firms including Sequoia Capital, Greylock Partners, Hummingbird Ventures, Soma Capital, Global Founders Capital, and Y Combinator. The company also has the support of angel investors such as Quantum Light, Balaji Srinivasan (former CTO of Coinbase), Sundeep Jain (former CPO of Uber), Prasanna Sankar (Co-founder of Rippling), and Chad West (former CMO at Revolut). Headquartered in London, with offices in Dubai and India, Aspora currently serves users across the UK, UAE, and the EU. The company has reported processing over $2bn in remittance volume, a fivefold increase from $400m six months ago, the company said in a statement. More than 250,000 non-resident Indians (NRIs) now use the platform, and Aspora estimates users have saved over $15m in fees compared to traditional remittance providers. The company is set to launch its services in the US in July, with Canada, Australia, and Singapore expected to follow before the end of the year. In addition to remittances, Aspora plans to develop a broader financial ecosystem that includes banking, investments, credit, and insurance products tailored to the needs of individuals with cross-border lives. "Remittance firm Aspora garners $93m in funding " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.

JLR adjusts FY26 EBIT margin forecast over uncertainties in auto industry
JLR adjusts FY26 EBIT margin forecast over uncertainties in auto industry

Yahoo

time2 hours ago

  • Yahoo

JLR adjusts FY26 EBIT margin forecast over uncertainties in auto industry

British luxury carmaker Jaguar Land Rover (JLR) has revised its fiscal 2026 earnings before interest and taxes (EBIT) margin forecast to 5%-7% from the previous 10%. This adjustment comes because of the uncertainties in the global auto industry, particularly due to US tariffs, reported Reuters. Shares of Tata Motors, JLR's Indian parent company, fell by up to 5.2% in early trading following the announcement. JLR also projected close to zero free cash flow for fiscal 2026. After the Trump administration imposed a 25% duty on foreign-made vehicles, the company, which makes more than a quarter of its sales from the US, paused shipments to the country. The carmaker is also looking at reallocating units to "accessible markets" to enhance profitability. The JLR news comes as US President Donald Trump signed an executive order yesterday to reduce tariffs on UK cars being exported to the US. As per the executive order released by the White House, the agreement reaffirms quotas and tariff rates on UK-made vehicles. The order allows 100,000 British automobiles to be imported to the US annually at a 10% tariff, lower than the 25% tariff imposed on other countries. The terms of this trade pact were outlined last month. Although JLR's Range Rover SUV lineup is manufactured in the UK, its Defender is produced in Slovakia, an EU member that has no trade pact with the Trump administration. JLR is evaluating pricing strategies in the US to mitigate tariff impacts, though it may be less impacted due to its affluent customer base that may absorb higher costs. However, Tata Motors is one of the most exposed to US duties among the Indian auto manufacturers, as JLR lacks local manufacturing in the country, unlike competitors such as Mercedes-Benz and BMW, reported the media outlet. In January, JLR and Tata Communications enhanced their partnership to improve JLR's connected vehicle ecosystem via the Tata Communications MOVE platform. "JLR adjusts FY26 EBIT margin forecast over uncertainties in auto industry" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Gartex Texprocess India 2025 shared textile product tech, innovation
Gartex Texprocess India 2025 shared textile product tech, innovation

Yahoo

time2 hours ago

  • Yahoo

Gartex Texprocess India 2025 shared textile product tech, innovation

The Gartex Texprocess India event was organised by Messe Frankfurt Trade Fairs India and MEX Exhibitions. It took place from 22-24 May 2025 and attracted 10,283 visitors from 230 Indian cities and five countries. In addition to the main expo, the event included The Denim Show, Screen Print India – Textiles, and the Fabrics & Trims Show. These events also provided a platform for knowledge sharing and business networking within the industry. The Denim Show highlighted sustainable practices within the denim industry, with over 30 mills exhibiting their products to buyers from companies such as Aditya Birla Digital Fashion Venture, Levi's Strauss India, Walmart and The Souled Store. Presenters showcased new denim collections, eco-conscious dyes, screen-printing solutions, and accessory lines such as HD stickers and embroidery, and lightweight dobby denim fabrics. Suryalakshmi Cotton Mills GM Exports Vasudev Tipre said: 'Automation has improved efficiency. We supply leading global brands with 50% exports to Asia and South America. The exhibition's blend of fabric and machinery segments makes this a valuable platform.' Syama Denims director and promoter Sourav Jalan said: 'This is a good opportunity to interact with new-age D2C brands who often don't get a chance to meet mills directly.' Exhibitors at the event also showcased advanced machinery and processes that enhance efficiency, sustainability, and cost-effectiveness in textile production. Gartex Texprocess India 2025 saw representatives from Aditya Birla Group, Brands and Sourcing Leaders Association, Coreco, Recyclr, Technopak Advisors, TMRW, House of Brands, Walmart Sourcing and WROGN. International participation included the Taiwan Sewing Machinery Association (TSMA), which brought a pavilion of eight companies. The next edition of Gartex Texprocess India is scheduled for 21-23 August 2025 in New Delhi at Pragati Maidan and another Mumbai edition is planned for 9-11 April 2026 at the Bombay Exhibition Centre. "Gartex Texprocess India 2025 shared textile product tech, innovation" was originally created and published by Just Style, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store