Kadamba bags medal at Miami World's Spirits competition
Miami Spirits Awards accolades help in expanding distribution opportunities: Winners will secure distribution in key states, including Florida, Texas, New York, and New Jersey. Exclusive e-commerce allows winning spirits to be sold online in 42 states in the US. However, Cheers group already have strong hold in some and beyond.'It's been our mission to carry the torch for the Great Indian single malt category and make sure the style receives the recognition it deserves' says Ashwin Balivada CEO of Cheers group who mastered Business Management from Cambridge University UK.
The global branded business valuation and strategy consultancy firms put emerging world's top brands to the valuation test. They evaluate to determine which are the most powerful and the most valuable by country, by industry. Winning over 250 global awards, Cheers group with over 120 brands in it's portfolio and climbing up the ranks with ultra-premium brands like Kadamba Single-malt, Three Monkeys Single-malt, Labrodog premium Scotch and GinSin gin, with double digit growth are valued at around Rs 900 crores.
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Hans India
13-07-2025
- Hans India
Kadamba bags medal at Miami World's Spirits competition
Cheers Group's award winning Kadamba whisky has bagged medal at Miami World Spirits Competition in the USA, as the company looks to expand its global portfolio, having already reached many continents. Miami Spirits Awards accolades help in expanding distribution opportunities: Winners will secure distribution in key states, including Florida, Texas, New York, and New Jersey. Exclusive e-commerce allows winning spirits to be sold online in 42 states in the US. However, Cheers group already have strong hold in some and beyond.'It's been our mission to carry the torch for the Great Indian single malt category and make sure the style receives the recognition it deserves' says Ashwin Balivada CEO of Cheers group who mastered Business Management from Cambridge University UK. The global branded business valuation and strategy consultancy firms put emerging world's top brands to the valuation test. They evaluate to determine which are the most powerful and the most valuable by country, by industry. Winning over 250 global awards, Cheers group with over 120 brands in it's portfolio and climbing up the ranks with ultra-premium brands like Kadamba Single-malt, Three Monkeys Single-malt, Labrodog premium Scotch and GinSin gin, with double digit growth are valued at around Rs 900 crores.
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Business Standard
23-06-2025
- Business Standard
EPTA urges extension of ISTS charges waiver for green projects to 2026
Apex industry body Electric Power Transmission Association (EPTA) on Monday urged the government to safeguard the viability of around 30 GW clean energy projects facing risks from delays beyond the control of developers by extending the Inter-State Transmission System (ISTS) charges waiver till March 2026. Investments of about Rs 2 lakh crore will be impacted if a relief is not given to the players in the form of extension in the waiver, G P Upadhyaya, the Director General of EPTA said while speaking to the media in the national capital. The government had announced a waiver for solar and wind projects to be set up and commissioned by June 30, 2025. Upadhyaya said "around 30 GW green capacity are under advance stages of development across various states. These projects are unlikely to be set up before June this year on account of multiple reasons". The capacity has been delayed due to reasons beyond power companies' control and they may move to CERC (Central Electricity Regulatory Commission) for solutions that may further delay in commissioning of these projects spread over states of Rajasthan, Gujarat, Madhya Pradesh, Andhra Pradesh, Tamil Nadu, Maharashtra among others. In some places there is issue of land availability, local issues, Great Indian bustard (a bustard is especially found in Rajasthan and Gujarat), he said in reply to a question on reasons for delay in projects. On a solution, the DG said, "We are not seeking a blanket extension. We are only proposing that the projects which have achieved key development milestones, such as securing financial closure, acquiring at least 50 per cent of required land, and placing key equipment orders, should be granted a 6-9 month window to avail the ISTS waiver benefits." As another alternative, Upadhyaya suggested recommended a more gradual phase-out of the waiver, starting with a 10 per cent withdrawal every year instead of the proposed 25 per cent. Such a calibrated approach would significantly ease the impact of the waiver's withdrawal on the cost of green power, thereby allowing RE power to stay competitive and attract more investments in this key sector. The industry is of the view that the proposed withdrawal at 25 per cent per year will disrupt ongoing projects, jeopardise investments, and undermine cost competitiveness, especially for commercial and industrial (C&I) consumers who already pay among the highest electricity tariffs globally, he said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Mint
23-06-2025
- Mint
Apex industry body EPTA urges govt to extend ISTS charges waiver till March 2026
New Delhi, Jun 23 (PTI) Apex industry body Electric Power Transmission Association (EPTA) on Monday urged the government to safeguard the viability of around 30 GW clean energy projects facing risks from delays beyond the control of developers by extending the Inter-State Transmission System (ISTS) charges waiver till March 2026. Investments of about ₹ 2 lakh crore will be impacted if a relief is not given to the players in the form of extension in the waiver, G P Upadhyaya, the Director General of EPTA said while speaking to the media in the national capital. The government had announced a waiver for solar and wind projects to be set up and commissioned by June 30, 2025. Upadhyaya said "around 30 GW green capacity are under advance stages of development across various states. These projects are unlikely to be set up before June this year on account of multiple reasons". The capacity has been delayed due to reasons beyond power companies' control and they may move to CERC (Central Electricity Regulatory Commission) for solutions that may further delay in commissioning of these projects spread over states of Rajasthan, Gujarat, Madhya Pradesh, Andhra Pradesh, Tamil Nadu, Maharashtra among others. In some places there is issue of land availability, local issues, Great Indian bustard (a bustard is especially found in Rajasthan and Gujarat), he said in reply to a question on reasons for delay in projects. On a solution, the DG said, "We are not seeking a blanket extension. We are only proposing that the projects which have achieved key development milestones, such as securing financial closure, acquiring at least 50 per cent of required land, and placing key equipment orders, should be granted a 6-9 month window to avail the ISTS waiver benefits." As another alternative, Upadhyaya suggested recommended a more gradual phase-out of the waiver, starting with a 10 per cent withdrawal every year instead of the proposed 25 per cent. Such a calibrated approach would significantly ease the impact of the waiver's withdrawal on the cost of green power, thereby allowing RE power to stay competitive and attract more investments in this key sector. The industry is of the view that the proposed withdrawal at 25 per cent per year will disrupt ongoing projects, jeopardise investments, and undermine cost competitiveness, especially for commercial and industrial (C&I) consumers who already pay among the highest electricity tariffs globally, he said.
