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Government Powerless to Reign in State Wine Duties |
The
removal of Additional Customs Duties on wines might
have brought the prices of low end wines by up to
30%, but the consequent hike of state excise duties
has made the premium wines a lot more  |
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Diageo to Fight Against Indian Excise Taxes |
| DIAGEO,
the world's largest spirits business, having also
a presence in the wine market has hired KPMG consultants
to fight the Indian government in a continuing row
over its unfair and punitive tax |
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UK Supermarket to Start Selling Wine in PET Bottles
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| While
the debate about stelvin screwcaps vs. natural corks
is still raging, comes another controversial innovation
from Australia. Sainsbury has announced that they
will start selling wine in PET bottles, |
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| Cru
Bourgeois to be resurrected in Bourdeaux |
| The
beleagured Alliance des Crus Bourgeois is set to
fill the vacuum left by last month's government
decision to scrap the 2003 classification and ban
its mention on wine labels, reports Decanter. |
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| ITDC
Gearing to Recapture Duty Free Business |
| India
Tourism Development Corporation (ITDC) will set
up duty-free outlets at special economic zones (SEZs)
and seaports. The public sector company has already
obtained permission to set up such |
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ITC to Invest $ 2 Billion in Hotels |
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India's top tobacco firm, ITC Ltd. plans to invest
nearly $2 billion in new hotels over seven years
to tap booming demand, its said Yogi Deveshwar
on Friday. Among the hotels planned by ITC, 31.7
percent
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| Ginger goes to Malls |
| Ginger, the budget hotel arm of India Hotels that also owns the luxury hotel chain Taj, plans to set up a string of hotels on the top floors of malls, reports NDTV..
Most malls find it difficult to
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