logo
Vivek Oberoi acquires 21% stake in Scottish company Rutland Square Spirits, to develop luxury hotel in Edinburgh

Vivek Oberoi acquires 21% stake in Scottish company Rutland Square Spirits, to develop luxury hotel in Edinburgh

Mint22-05-2025
In a new landmark development, Bollywood actor Vivek Oberoi has acquired a 21 per cent stake in Rutland Square Spirits Ltd, a premium Scottish liquor brand known for its tea-infused gin.
With the collaboration, India's rich tea heritage will now be fused with Scotland's iconic spirit tradition. Here is everything you need to know about Vivek Oberoi's deal with Rutland Square Spirits:
The partnership between Vivek Oberoi and Rutland marks a special convergence of two traditions as it brings together two cultures.
Founded by Nishant Sharma, the company has already carved a niche for itself by infusing Assam's long-celebrated while oolong tea with traditional Scottish distillation methods.
The company sources its tea from Dibrugarh, often dubbed the 'Tea Capital of the World', as well as from neighbouring areas like Tinsukia and Sivasagar.
These teas, which account for around 50 per cent of India's production, are now finding an unexpected yet seamless integration into Scotland's premium spirits industry.
As a key milestone in this partnership, plans are underway for a net-zero luxury hotel in Edinburgh—a visionary project set to redefine sustainable hospitality in Scotland.
Designed as a landmark development, this world-class retreat will seamlessly blend heritage, innovation, and a deep connection to the land, offering guests an unparalleled luxury experience amid Scotland's breathtaking landscapes.
The hotel will also house Scotland's first Ayurvedic wellness centre and Europe's first hydrogen-powered facilities in a powerful collaboration between luxury and sustainability.
'I am thrilled to join Rutland Square. This project is an exciting bridge between two economies and cultures. Scotland is a beautiful country with deep-rooted traditions and a strong Indian business community. I look forward to working closely with the team to bring this vision to life,' Vivek Oberoi said.
'This marks a new chapter in Scotland's hospitality sector, promising a future of sustainability, heritage, and world-class experiences. Rutland Square Spirits is taking it a step further by curating a blended experience of Indian heritage. I am excited to begin the work of bringing it to life,' he added.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Indian stock market: Nifty tops 25,000 level. Is this rally sustainable in near term?
Indian stock market: Nifty tops 25,000 level. Is this rally sustainable in near term?

Mint

time7 minutes ago

  • Mint

Indian stock market: Nifty tops 25,000 level. Is this rally sustainable in near term?

Stock market today: The Nifty 50 index climbed back above the 25,000 level on Monday, August 18, for the first time since July 25, as a series of positive developments over the weekend helped counter concerns about a possible 25 per cent tariff on Indian imports by the Trump administration. Meanwhile, BSE index Sensex also soared nearly 1,100 points, rallying to 81,678.77 in Monday's trading session. Market experts said that Prime Minister Narendra Modi's statement on potential cuts in goods and services tax (GST) has boosted sentiment, especially in consumption-driven sectors. Analysts believe that automobiles, financials, consumer durables, and domestic-oriented industries connected to infrastructure spending stand to gain the most. 'The Prime Minister recent announcement of potential GST reforms is a significant positive. These measures are expected to reduce the cost of essential goods, which should boost consumer spending and corporate profitability. This will likely improve market sentiment and attract fresh investment,' said Sugandha Sachdeva, Founder of SS WealthStreet. Indian equity indices wrapped up the week on a subdued note, pressured by continued selling in key sectors and dampened global cues. The Nifty 50 managed a marginal rise of 11.95 points to close at 24,631.30, while the Sensex added 57.75 points to finish at 80,597.66. According to Choice Broking, Nifty is currently hovering near its short-term support of 24,590 (20-day EMA). 'The broader setup remains cautiously bearish to sideways, with the Nifty trapped between key averages. A breakout above 24,800 could trigger momentum buying towards 25,000+, while a break below 24,300 may invite fresh selling pressure, dragging the index towards 24,000–23,800. Traders should remain tactical with a buy-on-dips and sell-on-rise approach, keeping a close eye on the EMA cluster for directional cues,' the firm said. Support Levels:- 24200-24000 Resistance Levels :- 24700-24800 Overall Bias :- Sideways To Bullish The Bank Nifty index ended the week at 55,341.85, up 0.61% compared to the previous week's close. The weekly chart reflects buying support at lower levels, with the index successfully sustaining above the key 55,000 level. 'The Bank Nifty index formed a bullish-bodied candle with a slight upper wick, accompanied by consistent trading volumes. This price action reflects the possibility of a sideways or consolidation phase in the near term. As long as the index holds above the 54,800 marks, a 'buy on dips'; strategy remains advisable, with upside targets placed at 55,800 and 56,000. The Bank Nifty index is likely to face significant resistance in the 55,500–56,000 range. If the index continues to move higher, ICICI Bank & HDFC Bank from the private banking sector is expected to support the uptrend. Similarly, in the public sector banking space, SBIN is anticipated to show strength and contribute to any potential upside,' the brokerage firm added. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.

MCX share price rises 4% after the company launches Nickel futures
MCX share price rises 4% after the company launches Nickel futures

Business Standard

time7 minutes ago

  • Business Standard

MCX share price rises 4% after the company launches Nickel futures

Multi Commodity Exchange of India (MCX) shares rose 3.5 per cent on Monday, August 18, 2025, logging an intra-day high at ₹8,439 per share on BSE. At 11:47 AM, MCX share price was trading 2.35 per cent higher at ₹8,339.95 per share. In comparison, the Sensex was 1.16 per cent higher at 81,533.5. Why were MCX shares rising? The buying on the counter came after the commodity exchange launched the Nickel futures contract, effective today. The contract will contribute to efficient price discovery and encourage greater value chain participation across the country, according to the exchange filing. The launch of the Nickel futures contract will provide a robust mechanism for these industries to help them manage their price risks, making them more competitive. As the contract is rupee-denominated, it will help the participants to not only hedge their commodity price risk but also their currency risk. The trading unit and the delivery unit will be 250 kgs and 1,500 kgs respectively, effective from the September 2025 expiry contract onwards. The tick size will be ₹0.10 per kg, daily price limits of 4 per cent, and margins set at a minimum of 10 per cent or SPAN, whichever is higher. "The relaunch of MCX's nickel contract comes at a timely moment, with Thane district, Maharashtra, designated as the sole delivery centre. By reducing the lot size to 250 kg from the earlier 1,500 kg, MCX is democratising access for a wider pool of participants, especially SMEs and retail investors. This move comes as global markets continue to navigate surplus supply, shifting EV demand dynamics, and geopolitical disruptions. More than just a contract, this relaunch reflects India's ambition to position itself at the core of the global energy transition," said Motilal Oswal. About MCX: MCX, operational since 2003, is India's leading commodity derivatives exchange, and the largest Commodity Options Exchange globally (FIA, 2024), with a market share of about 98 per cent in terms of the value of commodity futures contracts traded in financial year 2024-25. It offers trading in a diverse range of commodities, spanning multiple segments including bullion, energy, metals and agri commodities, as well as sectoral commodity indices. The exchange has forged strategic alliances with various international exchanges, as well as Indian and international trade associations.

Step inside Shankar Mahadevan's beautiful Navi Mumbai 6-floor mansion with vintage cars, indoor swimming pool, jacuzzi
Step inside Shankar Mahadevan's beautiful Navi Mumbai 6-floor mansion with vintage cars, indoor swimming pool, jacuzzi

Hindustan Times

time7 minutes ago

  • Hindustan Times

Step inside Shankar Mahadevan's beautiful Navi Mumbai 6-floor mansion with vintage cars, indoor swimming pool, jacuzzi

Away from the hustle and bustle and concrete jungle of Mumbai, musician Shankar Mahadevan's beautiful mansion in Navi Mumbai speaks of luxury and opulence. Also Read | Step inside Nehru family's 2 Allahabad homes: Both Swaraj Bhawan and Anand Bhawan mix colonial and Indian architecture Shankar Mahadevan shared a glimpse inside his home in Navi Mumbai. In the August 15 episode of Farah Khan's YouTube show, where she gives a glimpse inside homes of celebrities with her cook Dilip, the duo paid a visit to Shankar Mahadevan's mansion in Mumbai. Let's take a look inside: Inside Shankar Mahadevan's Navi Mumbai 6-floor mansion Shankar Mahadevan, his wife, Sangeeta Mahadevan, and their two sons, Siddharth Mahadevan and Shivam Mahadevan, welcomed Farah Khan inside their home, SaSha Villa. With six floors, a garage dedicated to the singer's car collection, including a vintage Chevrolet beauty, and a large hall to welcome the guests, it only gives a hint of what lies inside the opulent home. Situated in Navi Mumbai, the singer's 6-storey home features a floor dedicated to their large living area, divided into three parts, including a dining space, sitting area, and an area to entertain guests. Crystal chandeliers, large windows inviting sunlight into the home, pastel sitting areas, high ceilings, dark wood furniture, art pieces, sculptures, and plants decorate the space. The singer's mansion also features a floor dedicated to an indoor swimming pool and jacuzzi, where the family enjoys watching cricket matches on a large screen set inside a stone wall. Dark-accented furniture and a bar area also add a chic charm to the space. About Shankar Mahadevan Shankar Mahadevan is known for his versatile musical style, spanning Bollywood, devotional music, and classical music. The Indian award-winning musical composer and playback singer is known for working on songs such as Maa, Dil Chahta Hai, Kal Ho Naa Ho, Desi Girl, Kajra Re and Uff Teri Adaa.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store