- India is set to introduce new rules banning surrogate ads and event sponsorships by liquor companies like Carlsberg, Pernod Ricard, and Diageo.
- The new

- India is set to introduce new rules banning surrogate ads and event sponsorships by liquor companies like Carlsberg, Pernod Ricard, and Diageo.
- The new regulations will penalize misleading ads and hold endorsing celebrities accountable, with fines up to 5 million rupees and endorsement bans.
- The changes could significantly impact the $45 billion Indian alcohol market, affecting major players like United Breweries, Diageo, and Pernod Ricard.
- The draft rules aim to curb indirect advertising tactics, such as promoting non-alcoholic products with similar branding to alcohol products.
- The World Health Organization supports such measures, citing their effectiveness in reducing alcohol consumption and related health issues. 

 Source: https://www.reuters.com/world/india/india-plans-tougher-ad-curbs-liquor-makers-such-carlsberg-diageo-pernod-2024-08-04/

India Plans Stricter Advertising Regulations for Liquor Companies

India Plans Stricter Advertising Regulations for Liquor Companies- Grapevine

Welcome to News Discussion's Private Community

- Diageo's Indian unit has provided financial documents to New Delhi anti-corruption police in an investigation related to billing and discount practices involving city agencies.
- Hina Nagarajan, CEO of United Spirits, was summoned to appear before police but sent company representatives instead, who submitted documents from 2017 to 2020.
- The submitted documents included bank statements, records of financial dealings with Delhi city agencies, and agreements signed with them.
- Diageo India and Delhi anti-corruption police did not respond to Reuters' requests for comments, but the company called the case a 'routine information and fact-finding exercise.'
- The investigation focuses on how companies supplied liquor to government-run shops and whether discounts given were in line with liquor laws. 

 Source: [Reuters](https://www.reuters.com/world/india/diageo-submits-financial-documents-delhi-police-investigation-source-says-2024-08-18/)

Diageo Submits Financial Documents in Delhi Police Investigation

Journalist

Good times are here

Business Development Manager

Why it's interesting:
- Diageo is on a spree of investing in 0% alcohol brands. in the US, drinking has gone down. Maybe they are preparing in advance in India. Or they just feel it's a good hedge strategy for future growth
- The same founder owns Samsara and Sober (both amazing brand). Quite crazy! 
- I cannot for the life of me fathom why anybody drinks 0% alcohol gin or whiskey. If someone does, pls explain :p

Diageo just invested in Sober Gin (0% alcohol gin and whiskey)

Corporate strategy

Drizly down! What goes next?

Product Owner

पता नही ज्यादा गृत मे कोन है, अपने खिलाडी या उनका खेल? It's surprising how these guys could be idols for anyone.

Kamala Pasand Supremacy

Consultant

thank you for the support on my last post( https://share.gvine.app/UPfUks6ks55jLbpB8 )

i went to a therapist after that and she made me realize that i have a ton of unresolved childhood trauma which makes me think that earning money will make me feel in control when in fact i still am brutally traumatized by events in the past.

i really liked watching american psycho, and have often related to the mind of patrick bateman. i can only wish that i don't turn out like him. My history with work, wealth and women has always been deranged. 

my work attracts my wealth and it then attracts women. but inside I am hollow. hollow like i live in an empty shell with no conscience. 

life is good and so is 2024. over and out.

update on my last post, went to a therapist.

Software Developer

Hi!
I am travelling for a weekend getaway from Bangalore to a destination within Karnataka.

Heard some rumours about problems with cops given this is election time.
Anyone aware of what are the permissible liquor limits? Any ways around?

Carrying liquor in Karnataka during election time?

General Manager

From what I hear from a friend who is aware of the leadership discussions, MPL might be looking to lay off close to 50% of its workforce and shut down most of its other BU’s to consolidate by October. This would include folks even till the SVP levels. This might be one of the first pins to fall with the 28% GST rule kicking in by October. Dark days ahead for online RMG  industry in India

Massive layoffs coming up at MPL

Product Head

"Patanjali apology in newspapers should be of same size as its advertisements"

India News: Mukul Rohatgi, appearing for Ramdev, said that an apology has been published in newspapers. But the Supreme Court reprimanded him on why the apology w

 Supreme Court says Patanjali apology in newspapers should be of same size as its advertisements | India News - Times of India

I'm Lovin This

40,000Cr to Dream11
20000Cr to GamesKraft
16,000Cr to Deltacorp

This will be a major blow to the online betting industry. All the top companies have taken a major hit. Will be interesting to see how they recover from it. Deltacorp shares already down 18% today!

Central Board of Indirect Taxes and Customs is likely to send show cause notices to over 40 skill-gaming companies for alleged tax evasion after the Supreme Court stayed a Karnataka High Court judgment

India Plans Stricter Advertising Regulations for Liquor Companies

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