&w=3840&q=100)
Glenwalk maker Cartel & Bros to expand into six Indian cities by 2025
'We are currently present in about fifteen states, and our immediate goal is to expand to six cities across India,' said Sani. 'Once that is achieved, our focus will shift to strengthening The Glenwalk's global footprint. Over the next three to five years, our target is to enter as many markets as possible, as quickly as possible.'
Glenwalk currently offers a three-year-old expression and plans to launch its five- and seven-year-old variants in August. Key volume-driving markets include Maharashtra, Delhi, Uttar Pradesh and Punjab.
The brand is also available in Goa, Daman and Diu, Chandigarh, Uttarakhand and Madhya Pradesh. Internationally, Glenwalk has expanded to Canada, Australia, New Zealand and the UAE. The next phase includes entry into the USA, Hong Kong, Nepal, the African region and Sri Lanka.
Commenting on the brand's strategy, Sani said actor Sanjay Dutt, as brand ambassador, plays a key role in creating awareness. However, the main challenge lies in ensuring availability and visibility across stores, bars and restaurants. 'We believe we now have the right distribution channels and placements to scale the brand,' he said.
On the investment front, the company said that while there are no definitive plans for the upcoming quarters, it is prepared to invest as needed to support its growth.
Sanjay Dutt drew a parallel between The Glenwalk and his 1999 role in Vaastav: The Reality, saying, 'The Glenwalk has a strong character, and it reminds me of Raghunath from Vaastav—bold and intense.'
Riding on growth momentum, Glenwalk has sold over 150,000 cases to date. The brand is now available in more than 10,000 retail and bar outlets, as well as across 24 duty-free markets worldwide.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
4 minutes ago
- Mint
India's IPO power shift: Domestic funds take charge as FPIs retreat
MUMBAI : India's booming market for initial public offerings is undergoing a decisive shift, with domestic institutional investors such as mutual funds, insurance companies, and banks establishing dominance over foreign players in underwriting new share sales. Data from the past 24 months show DIIs are now responsible for at least 50% of the subscriptions in an IPO's anchor book—allocations made to select large investors at a fixed price before an offering opens, helping gauge demand and stabilize the deal. That marks a sharp break from the days when foreign portfolio investors were the primary anchors in Indian IPOs. While global uncertainties have spooked FPIs, India's deepening capital markets have enabled midsize and large IPOs sail through with strong institutional and retail participation, making new share offerings less susceptible to wider macroeconomic shifts. FPIs have turned net sellers in India, offloading shares worth $31 billion ( ₹2.7 trillion) from October to July, while DIIs purchased shares worth ₹6.65 trillion. When it comes to IPOs larger than ₹1,500 crore, the participation of FIIs and DIIs remains broadly even. 'There is a balanced mix between DIIs and FIIs as we see it in most large IPOs. However, there is one clear trend where domestic investors, backed by the record inflows into mutual funds, are increasingly positive on the domestic stories," said Arvind Vashistha, India head of equity capital markets at Citi. 'In many instances, DIIs lead the price-setting in IPOs, and given the depth of the local market, it is giving a lot of comfort to issuers that at the right price and size, IPOs are doable." Reversing the order A Mint analysis of anchor investor allocations since 2019 reveals how domestic institutions investors gradually overtook foreign portfolio investors in IPO anchor books. In 2019, while FPIs contributed ₹2,624 crore, DIIs put in ₹1,475 crore. Two years later, FPI allocations surged to ₹29,030 crore, but domestic institutions narrowed the gap significantly with ₹16,433 crore. The reversal came in 2022, when FPI anchor investments dropped to ₹7,105 crore and DIIs stepped up with ₹10,903 crore. In 2024, the divergence became more pronounced—FPIs subscribed ₹26,122 crore, while DIIs outpaced them with ₹29,254 crore in anchor allotments. So far this year, through 7 August, the pattern has held. Of the ₹61,499 crore raised through 37 IPOs, FPIs accounted for ₹8,913 crore in anchor investments and DIIs for ₹10,306 crore. Mutual funds alone accounted for ₹7,920 crore. The growing dominance of mutual funds The broader reversal in IPO allocations mirrors the secondary market, where DIIs—dominated by mutual funds—are closing in on FPIs' share. In the secondary market, investors buy shares from existing holders, and the money goes to the seller, not the company. This reversal in favour of domestic institutions is likely to persist, with mutual funds—which currently account for 10.5-11% of the secondary market versus FPIs' 17%—expected to overtake foreign investors in the coming years, said Pranav Haldea, managing director of Prime Database Group. 'Mutual funds now play a key role in IPO pricing, leveraging their size. Participation in the anchor book allows them to deploy large, regular inflows into fresh paper at pre-decided prices rather than only chasing limited supply in already listed stocks," he said. Prakash Bulusu, joint chief executive, private wealth and securities, IIFL Capital Services Ltd, added that the growing dominance of DIIs in IPO anchor books represented a structural shift rather than a cyclical blip. 'Over the past two years, strong domestic liquidity—driven by record mutual fund inflows, expanding insurance penetration, and deepening participation of pension funds—has significantly reduced the market's dependence on foreign capital," he said. 'Regulatory initiatives, stable macro fundamentals, and the consistent outperformance of Indian equities have further bolstered domestic conviction in primary issuances." Global investors, on the other hand, have turned more selective due to shifting global risk appetites, higher interest rates in developed markets, and an abundance of opportunities at home," Bulusu added. 'While we may see tactical spurts in FPI participation during phases of global liquidity easing, the underlying trend is unlikely to reverse meaningfully in the medium term. India's IPO market is now anchored—quite literally—by domestic pools of patient capital, which is a positive for long-term market stability and resilience."
Time of India
11 minutes ago
- Time of India
"Basanti became my second name in real life": Hema Malini on 'Sholay' completing 50 years
(Picture Courtesy: Facebook) "Basanti became my second name in real life": Hema Malini on 'Sholay' completing 50 years (Picture Courtesy: Facebook) "Basanti became my second name in real life": Hema Malini on 'Sholay' completing 50 years (Picture Courtesy: Facebook) 1 2 Bollywood actress Hema Malini has expressed gratitude to the audience as Ramesh Sippy 's iconic film 'Sholay' completed 50 years of its release. On Friday, the actress, fondly remembered as 'Basanti' from the film, shared a video on Instagram, writing, "Sabhi ko Basanti ka Ram Ram. "Sholay" has completed 50years. Here are my wishes for the team and gratitude to the audience and my fans for all their blessings and unconditional love. " I thank the audience for giving this film In the video, Hema said, "Namaste, Basanti here. The iconic Hindi film Sholay has completed 50 years of its run in different parts of the world. There are very few Indian films which have equalled or surpassed this record. I have been fortunate to contribute to the stupendous success of the film in a pivotal role as Basanti. In fact, the role had such an impact on the viewing public that Basanti became my second name in real life. I congratulate all my co-artists, Vero, Jayay, Radha, Thakur, Gabbarsingh and many others. And the production team, including the director Ramish Sipriji, Salim Saheb, Javed Saheb, Late RD Burmanji and the many members of the technical team. Sholay would be incomplete without each team members participation. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo The film continues to create history even after five decades. I thank the audience for giving this film so much love. I am overwhelmed with gratitude and nostalgia for being remembered as Basanti even today. Today, the 15th of August 2025, marks its 50th year, and I am happy standing at the crossroads of the historical event in which I have played a substantial part. I celebrate this event with the Hindi film world and my fans. 'Chal Dhano' gets it for the next 50 years." Recently, the Film Heritage Foundation announced that the restored version of Sholay will have its North American premiere at the 50th Toronto International Film Festival (TIFF) on September 6. The gala screening will take place at the 1,800-seater Roy Thomson Hall in Toronto. The Film Heritage Foundation took to their Instagram account to make the announcement along with a caption that read, "Indian cinematic epic 'Sholay' (1975), directed by Ramesh Sippy, celebrates 50 years with the North American Premiere of the restored version at the 50th edition of the TIFF Toronto International Film Festival! This special screening will take place on September 6, 2025, at a gala event at the 1800-seater Roy Thomson Hall, befitting the legendary status of the film. " 'Sholay' is regarded as one of the greatest films of all time. It starred legendary actors such as Amitabh Bachchan, Dharmendra, Sanjeev Kumar, Hema Malini, Jaya Bachchan and Amjad Khan, among others. Released on August 15, 1975, 'Sholay' turned into a cult favourite in Indian cinema , owing to its powerful story, memorable characters, iconic dialogues, and the evergreen songs like 'Yeh Dosti', 'Mehbooba Mehbooba', 'Haa Jab Tak Hai Jaan', 'Holi Ke Din' and others. The film's story focuses on the fictitious Ramgarh village, where retired police chief Thakur Baldev Singh (Sanjeev Kumar) plans to defeat the notorious bandit, Gabbar Singh (Amjad Khan), with the help of Jai (Amitabh Bachchan) and Veeru (Dharmendra). Upon arriving in the village, the duo realises the menace of Gabbar Singh and double their efforts to help Thakur. Jaya Bachchan and Hema Malini are seen playing Jai and Veeru's love interests as Basanti and Radha, respectively. "Get the latest news updates on Times of India, including reviews of the movie Coolie and War 2 ."
Hindustan Times
34 minutes ago
- Hindustan Times
Russia lost an oil client, which is India: What Trump said before meeting Putin
US President Donald Trump and Russian President Vladimir Putin met in Alaska on Saturday and held talks the Republican described as "productive". While he said the two leaders were yet to reach a deal in terms of the Ukraine crisis, "great progress" was made. US President Donald Trump and Russian President Vladimir Putin hold a press conference following their meeting to negotiate an end to the war in Ukraine, at Joint Base Elmendorf-Richardson in Anchorage, Alaska.(REUTERS) As Trump departed for Alaska to meet his Russian counterpart earlier today, he spoke about his expectations from the meeting. In a conversation with Fox News, Trump was asked if there was an economic side to Putin coming to the table for talks, to which the US President mentioned India, saying Russia "lost a major client for their oil". "Well, they lost an oil client so to speak, which is India, which was doing about 40% of the oil, China as you know is doing a If I did secondary sanctions now, that would be devastating from their standpoint," Trump said during the interview on the plane from Washington. Trump's remarks come days after he threatened a 50% tariff on Indian imports citing New Delhi's trade of oil and military equipment with Moscow. Half of these tariffs have come into effect, and the other half are set to come into force on August 27.
