Latest news with #Pernod
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Business Standard
15-05-2025
- Business
- Business Standard
Liquor giant Pernod Ricard denied Delhi liquor licence again amid probe
The Delhi government has once again rejected French liquor giant Pernod Ricard's request for a licence to sell its brands in the national capital, citing " lack of moral probity", news agency Reuters reported on Thursday. This is the third time the firm has been denied a licence on grounds of allegedly breaching the city's liquor policy in 2021. Moreoever, the denial comes despite an Indian appellate authority advising city officials to reconsider, citing the lack of conviction in investigations against Pernod. Third time unlucky However, on May 9, city excise commissioner Sunny K Singh, noted in his order that "Mere existence of allegations and investigation justifies administrative caution in licensing matters." 'Allowing a company facing allegations of financial misconduct to operate under a state license would not only undermine public trust but also expose state revenue to risk," the order noted. Responding to the rejection, Pernod Ricard said that it did not agree with the decision and is seeking to "securing a fresh licence for the current financial year". Business arrangement under the scanner The firm has been accused of violating the city-state's rules by illegally extending bank guarantees to New Delhi's retailers, which in return agreed to boost the company's market share. Despite denying any wrongdoing, an internal probe commissioned by Pernod Ricard found that its top executives had indeed violated city laws, Reuters reported. Pernod Ricard is a popular liquor company that makes brands like Absolut vodka, Chivas Regal whisky, and Beefeater gin, among others. The Delhi license is important for the company because it has in the past said that New Delhi alone accounted for 5 per cent of its total sales in India, which stood at $3.13 billion last year.
Time of India
15-05-2025
- Business
- Time of India
Pernod Ricard loses bid for New Delhi licence again amid probe
New Delhi city government has rejected for a third time Pernod Ricard 's request for a licence to sell its brands in India's capital, citing ongoing investigations, an order showed, dealing a blow to the French liquor giant in a key market. The order comes despite an Indian appeals authority in February asking city officials to reconsider the rejections as investigations against Pernod for allegedly breaching the city's liquor policy in 2021 had not so far resulted in any conviction. The Delhi city authorities disagreed and rejected Pernod's request again in a May 9 order, saying courts had upheld that local governments have "broad discretion to deny it (a licence) to entities that lack moral probity". by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas Prices In Dubai Might Be More Affordable Than You Think Villas In Dubai | Search Ads Get Quote Undo "Mere existence of allegations and investigation justifies administrative caution in licensing matters," city Excise Commissioner Sunny K. Singh wrote in his order. The order is not public but was reviewed by Reuters on Thursday. Live Events Pernod said in a statement it did not agree with the decision, which pertains to an application filed for 2022-23, adding its "main focus is on securing a fresh licence for the current financial year." "We will continue to pursue all legal avenues available to us," it added. Delhi is a critical market for any liquor company in India. Pernod, whose brands include Chivas Regal and Absolut Vodka , has in the past said New Delhi alone accounted for 5% of its total sales in India, which stood at $3.13 billion last year. India's federal financial crime agency accuses Pernod of violating the city's rules by illegally extending bank guarantees to New Delhi's retailers, which in return agreed to boost the company's market share. That case is currently pending and Pernod has repeatedly denied any wrongdoing. An internal investigation ordered by Pernod, however, concluded that its top executives did violate city law, even as its representatives denied wrongdoing publicly and in court, Reuters reported in December. In February, a Delhi appeals authority said Pernod's case merited a review as "there has to be a conviction beyond doubt by a court of law before any adverse opinion or action can be taken". The May 9 order disagreed, though, saying the allegations were about "serious economic offences , which justifies the state's preventive measures."
Reuters
15-05-2025
- Business
- Reuters
Pernod Ricard loses bid for New Delhi licence again amid probe
NEW DELHI, May 15 (Reuters) - New Delhi city government has rejected for a third time Pernod Ricard's ( opens new tab request for a licence to sell its brands in India's capital, citing ongoing investigations, an order showed, dealing a blow to the French liquor giant in a key market. The order comes despite an Indian appeals authority in February asking city officials to reconsider the rejections as investigations against Pernod for allegedly breaching the city's liquor policy in 2021 had not so far resulted in any conviction. The Delhi city authorities disagreed and rejected Pernod's request again in a May 9 order, saying courts had upheld that local governments have "broad discretion to deny it (a licence) to entities that lack moral probity". "Mere existence of allegations and investigation justifies administrative caution in licensing matters," city Excise Commissioner Sunny K. Singh wrote in his order. The order is not public but was reviewed by Reuters on Thursday. Pernod said in a statement it did not agree with the decision, which pertains to an application filed for 2022-23, adding its "main focus is on securing a fresh licence for the current financial year." "We will continue to pursue all legal avenues available to us," it added. Delhi is a critical market for any liquor company in India. Pernod, whose brands include Chivas Regal and Absolut Vodka, has in the past said New Delhi alone accounted for 5% of its total sales in India, which stood at $3.13 billion last year. India's federal financial crime agency accuses Pernod of violating the city's rules by illegally extending bank guarantees to New Delhi's retailers, which in return agreed to boost the company's market share. That case is currently pending and Pernod has repeatedly denied any wrongdoing. An internal investigation ordered by Pernod, however, concluded that its top executives did violate city law, even as its representatives denied wrongdoing publicly and in court, Reuters reported in December. In February, a Delhi appeals authority said Pernod's case merited a review as "there has to be a conviction beyond doubt by a court of law before any adverse opinion or action can be taken". The May 9 order disagreed, though, saying the allegations were about "serious economic offences, which justifies the state's preventive measures."
Yahoo
15-05-2025
- Business
- Yahoo
Pernod Ricard loses bid for New Delhi licence again amid probe
By Arpan Chaturvedi and Aditya Kalra NEW DELHI (Reuters) -New Delhi city government has rejected for a third time Pernod Ricard's request for a licence to sell its brands in India's capital, citing ongoing investigations, an order showed, dealing a blow to the French liquor giant in a key market. The order comes despite an Indian appeals authority in February asking city officials to reconsider the rejections as investigations against Pernod for allegedly breaching the city's liquor policy in 2021 had not so far resulted in any conviction. The Delhi city authorities disagreed and rejected Pernod's request again in a May 9 order, saying courts had upheld that local governments have "broad discretion to deny it (a licence) to entities that lack moral probity". "Mere existence of allegations and investigation justifies administrative caution in licensing matters," city Excise Commissioner Sunny K. Singh wrote in his order. The order is not public but was reviewed by Reuters on Thursday. Pernod said in a statement it did not agree with the decision, which pertains to an application filed for 2022-23, adding its "main focus is on securing a fresh licence for the current financial year." "We will continue to pursue all legal avenues available to us," it added. Delhi is a critical market for any liquor company in India. Pernod, whose brands include Chivas Regal and Absolut Vodka, has in the past said New Delhi alone accounted for 5% of its total sales in India, which stood at $3.13 billion last year. India's federal financial crime agency accuses Pernod of violating the city's rules by illegally extending bank guarantees to New Delhi's retailers, which in return agreed to boost the company's market share. That case is currently pending and Pernod has repeatedly denied any wrongdoing. An internal investigation ordered by Pernod, however, concluded that its top executives did violate city law, even as its representatives denied wrongdoing publicly and in court, Reuters reported in December. In February, a Delhi appeals authority said Pernod's case merited a review as "there has to be a conviction beyond doubt by a court of law before any adverse opinion or action can be taken". The May 9 order disagreed, though, saying the allegations were about "serious economic offences, which justifies the state's preventive measures."
South China Morning Post
18-04-2025
- Lifestyle
- South China Morning Post
All about aniseed, how to use it in cooking, and a recipe that makes the most of it
I love the intense, licorice-y flavour of aniseed, although it's not a spice everyone appreciates. To me, it seems a little old-fashioned, perhaps because of the vintage-looking packaging of Flavigny violet or rose pastilles. At the centre of each hard, round bonbon is a whole aniseed. Advertisement The spice (which is actually the fruit of the Pimpinella anisum rather than the seed) has many uses. It gives the distinctive flavour to liqueurs s uch as Pernod, sambuca, absinthe, ouzo, arak and raki . Because aniseed is believed to aid digestion, many of these liqueurs are consumed at the end of a meal, either straight or mixed with water or ice. Aniseed, also known as anise seed, is also one of the ingredients in the Indian spice and sugar mix known as mukhwas, which is eaten after meals. In addition to aiding digestion, aniseed is used in alternative medicine to control spasms, stimulate the appetite and relieve cough and lung problems. It's similar in flavour to star anise, although the latter is much stronger. The flavour of aniseed goes well with sweet and savoury dishes, especially seafood. When making a seafood stew or soup, add a shot of aniseed liquor to the liquid to give the dish a gentle licorice perfume. If you don't have aniseed liquor, add a teaspoonful of the spice when you're cooking the onions, garlic and other aromatics. Sweet anicini cookies, Italian biscotti flavoured with aniseed. Photo: Shutterstock I also love aniseed biscotti, to which I add grated orange zest. Slow-cooked lamb shoulder with ras el hanout, preserved lemon and peas
