May 12, 2021
On Wednesday, May 5, 2021, Campari’s share price touched a new record high. The Italian alcoholic beverage group may be relatively small by global standards – the company’s 2020 revenues amounted to $2.02 billion, a mere fraction relative to global drinks giant Diageo’s $14.8 billion, or beer brewer Anheuser-Busch’s $46.9 billion. However, its recent share price rally is a clear illustration of the optimism currently pervading the beverage sector—an optimism which has also spread to buoy sector peers such as Splash Beverage Group (OTCQB: SBEV), a holding company for a leading portfolio of beverage brands.
Global investors are increasingly betting that consumers who set aside savings while confined to their homes during months of COVID-19 curbs will raise their expenditure on everything from clothes and…
NOTE TO INVESTORS: The latest news and updates relating to SBEV are available in the company’s newsroom at https://ibn.fm/SBEV
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Sumit Kumar Ghosh, the Officer-in-Charge of Girish Park Police Station, has been removed following a deadly stampede. The tragic event at Chorbagan Durga Puja pandal resulted in 19 fatalities during the celebrations. Seven individuals connected to the incident have been remanded to police custody for ten days. Kolkata Police are enhancing security with experienced officers for ongoing Durga Puja festivities.
Sumit Kumar Ghosh, the Officer-in-Charge of Girish Park Police Station, has been removed following a deadly stampede. The tragic event at Chorbagan Durga Puja pandal resulted in 19 fatalities during the celebrations. Seven individuals connected to the incident have been remanded to police custody for ten days. Kolkata Police are enhancing security with experienced officers for ongoing Durga Puja festivities.
Vladimir Putin has proposed a trilateral summit next month with Donald Trump and Xi Jinping to address the Ukraine conflict. The initiative appears to leverage improving relations between Trump and Putin amid concerns from Ukraine and European allies. Discussions regarding the meeting are ongoing, with confirmation from Kremlin spokesperson Dmitry Peskov about the talks. Trump, while not formally agreeing to the summit, has shown potential openness to resolve the war.
An oil tanker struck a mine south of the Strait of Hormuz, resulting in significant damage after the explosion. The tanker was reportedly navigating in an unauthorized area, disabling its navigation systems. This incident follows a series of similar events where multiple tankers caught fire after hitting mines. The Iranian Revolutionary Guards have threatened vessels that deactivate navigation systems, labeling them as hostile.
While the rules apply to all businesses operating in the UAE, Indian companies account for about 20-25% of total businesses, with over 265,000 operating as of June 2025, making the changes particularly relevant for them. "Indian-owned businesses in construction, hospitality, manufacturing, logistics, and retail sectors could face a greater impact because of their substantial expenditure on employee accommodation, transport, connectivity and workforce-related services," international tax advocate Priyanshi Chokshi said.
Sunny Deol’s home tour: Sunny Deol’s reported real estate portfolio includes the Deol family’s Juhu residence, estimated to be worth Rs 55-60 crore, a luxury mansion in Malabar Hill, a sprawling farmhouse in Lonavala and an apartment in Oshiwara. Here is a look at the properties associated with the actor, their reported features and locations across Mumbai and beyond.
Tamil Nadu has introduced 'flying squads' for goods-in-transit checks, enhancing intelligence-led inspections while maintaining vehicle interception powers. This change follows the 57th GST Council meeting's approval to streamline inspections, aimed at reducing arbitrary checks and facilitating smoother interstate goods movement. Detailed directives from the CBIC are anticipated.
Tamil Nadu has introduced 'flying squads' for goods-in-transit checks, enhancing intelligence-led inspections while maintaining vehicle interception powers. This change follows the 57th GST Council meeting's approval to streamline inspections, aimed at reducing arbitrary checks and facilitating smoother interstate goods movement. Detailed directives from the CBIC are anticipated.
The Indian government is engaging in discussions about measuring Scope 3 emissions for exporters. This consideration arises as trade partners impose tighter green requirements globally. Current frameworks focus on direct emissions and exclude indirect ones, making compliance more complex. As a result, industries, especially MSMEs, may face compliance burdens if new requirements are implemented. Ultimately, the aim is to ensure that Indian exporters remain competitive in international markets.
IIFL Finance is intending to raise ₹2,500-5,000 crore by selling a minority stake. The company's promoters may subscribe to warrants to limit dilution. Fairfax Financial Holdings is likely to sell its stake due to regulatory norms. IIFL aims to enhance its capital position amid evolving market conditions. These measures are expected to create synergies for IIFL Capital as part of IDBI Bank.
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