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Asia
The Hindu BusinessLine

Monika Alcobev Announces Partnership with Angostura, Bringing the Iconic Caribbean Brand to India

MUMBAI, India , July 27, 2026 /PRNewswire/ -- Monika Alcobev, leading importer, distributor and marketer of premium alcoholic beverage brands across the Indian subcontinent, has entered into a strategic partnership with Angostura, the globally recognized producer behind the world's leading bitters and one of the Caribbean's most awarded rum portfolios. Under the partnership, Monika Alcobev will spearhead the import, distribution, and marketing of Angostura's portfolio across key Indian markets. The portfolio includes Angostura 5-Year-Old Rum , Angostura Aromatic Bitters , and Angostura Orange Bitters . The products will initially be available in Maharashtra and Delhi, followed by a phased expansion into other states. The collaboration arrives at a time when India's premium spirits segment continues to witness rising interest in craft cocktails, authentic global labels, and elevated drinking experiences. With Angostura's deep-rooted legacy in cocktail culture and Monika Alcobev's strong distribution and market-building capabilities, the partnership is expected to strengthen the brand's presence across leading bars, restaurants, retail outlets, and hospitality destinations in the country. For Monika Alcobev, the partnership represents a larger strategic push towards expanding premium and globally respected spirits labels within India's evolving alcobev market. The company believes Angostura's legacy, versatility, and strong bartender affinity position it strongly for long-term growth in the country. Reflecting on the announcement, Kunal Patel, Managing Director, Monika Alcobev , noted, "Angostura carries a rare combination of heritage, credibility, and enduring relevance within the international spirits community. He observed that Indian consumers today are displaying far greater curiosity towards authentic brands with provenance, craftsmanship, and a strong association with evolving cocktail culture, with drinks such as the Picante and other globally influenced cocktails increasingly shaping urban consumption trends. The partnership aligns closely with Monika Alcobev's long-term approach towards building premium categories with patience, consistency, and meaningful market presence. Chief Executive Officer of Angostura, Mr. Ian Forbes said, "This partnership represents more than expanding our global distribution. It is about positioning Angostura as a premium lifestyle brand in India. We see significant opportunities to work closely with bartenders, mixologists, retailers and hospitality partners to showcase the versatility and quality that have made Angostura respected around the world." For decades, Angostura has remained a familiar presence within India's bar ecosystem quietly occupying its place behind counters, in classic cocktails, and in the repertoire of serious bartenders. Despite this longstanding presence, its availability in the market had remained largely limited through unofficial channels. That dynamic now changes with Monika Alcobev Limited bringing the brand into India through an official route, reflecting the evolving maturity of how global spirits brands are introduced and built in the country. Monika Alcobev currently represents more than 100 international brands across India and neighboring South Asian markets, with a growing portfolio spanning tequila, whiskey, gin, rum, wines, and liqueurs. The latest partnership further reinforces the company's position as a preferred partner for global alcobev brands seeking a trusted and growth-oriented route into the Indian market. Monika Alcobev is a leading importer, distributor and marketer of premium alcoholic beverage brands across the Indian subcontinent, providing end-to-end execution across HORECA, Retail and Travel Retail channels. The portfolio includes globally acclaimed brands such as Jose Cuervo, 1800 Tequila, Remy Martin, Cointreau, Choya, Botanist, Licor 43, Jinro Soju, Ron Diplomático, the VSPT Group and more. With a strong presence across key markets and over 100 world-renowned labels, the company remains at the forefront of India's premium alco-beverage landscape. The company is also a preferred Global Travel Retail partner for globally renowned Indian brands as well. In July 2025, the company achieved a major milestone with a highly successful SME IPO, ushering in the next phase of strategic growth and expansion. Founded in 1824, Angostura remains one of the most influential names in the global spirits industry, with its aromatic bitters continuing to hold cult status among bartenders and mixologists worldwide. The company's award-winning rum portfolio has also earned international acclaim over the decades. “This is a company press release that is not part of editorial content. No journalist of The Hindubusinessline was involved in the publication of this release.” Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

Monika Alcobev Announces Partnership with Angostura, Bringing the Iconic Caribbean Brand to India
Europe
BBC Business

Would you choose £50,000 over the chance of £1m?

Image source, Getty ImagesByKevin PeacheyCost of living correspondentPublished4 hours agoYou have the choice of instantly receiving £50,000 or flipping a coin for a 50/50 chance of £1m. The vast majority decide on taking the £50k, according to a survey of thousands of people by YouGov. Women voted 82% in favour of the guaranteed cash. The poll has sparked a debate about why Brits appear more risk-averse than people in the US. So why are the results so clear-cut, and what are the financial and psychological factors at play? Sadly, there is little chance of ever having such a choice, but there are some interesting lessons for how we manage our money nonetheless. Nearly three-quarters (73%) of the 4,600 adults asked in the survey said they would take the £50,000 now. Just over a fifth (21%) went for the chance of £1m and, 6% of those asked sat on the fence and simply couldn't decide. The gender split in the results is striking. Some 82% of women opted for the £50,000, compared with 63% of men. Lots of people might opt for the £50,000 guarantee, deciding that it is a life-changing amount of money in itself. After all, it is £10,000 more than the median average earnings for full-time workers in the UK for an entire year, according to official statistics, external. But younger people generally earn less and yet, according to this survey, external, those aged 18 to 24 are more willing to take the bet on £1m than any other age group. Some 28% go for the coin flip, compared with just 11% among the over-65s - their grandparents' generation.

Would you choose £50,000 over the chance of £1m?
Europe
The Guardian

Trump imposes fresh tariffs on UK, EU and dozens of other trading partners

Donald Trump speaking at a rally in Marietta, Georgia, on Wednesday. Photograph: Bloomberg/Getty ImagesView image in fullscreenDonald Trump speaking at a rally in Marietta, Georgia, on Wednesday. Photograph: Bloomberg/Getty ImagesTrump tariffsTrump imposes fresh tariffs on UK, EU and dozens of other trading partnersNew tariffs will replace 10% global duty and come after US supreme court declared many of the earlier levies illegal Donald Trump has imposed a fresh round of tariffs on more than 80 countries to replace a 10% global duty that was due to expire, provoking a wave of criticism and protests from US allies and major trading partners. In the latest attempt to instate aggressive trade policies despite challenges from the US supreme court, the president has imposed tariffs of between 10% and 12.5% on dozens of countries, including the UK, Mexico, Canada, Australia, India, China and the 27 countries that make up the European Union. It in effect replaces the blanket 10% tariff that Trump imposed in February, right after the supreme court declared many of his earlier tariffs were illegal. The newest levies, announced late on Thursday by the US trade representative, Jamieson Greer, would fall under section 301 of the Trade Act of 1974, which is aimed against countries that engage in forced labor. Trump had said his administration would investigate unfair trading practices to impose permanent tariffs as soon as the February supreme court decision was announced. “The United States has had a forced labor import ban for nearly a century, and rigorously enforces it; it’s well past time for our trading partners to do the same,” Greer said in a statement. “I am encouraged by the trading partners who have moved quickly to adopt forced labor import prohibitions, and look forward to ensuring their effective enforcement.” View image in fullscreenDuring a heated exchange before US senators on Wednesday, Jamieson Greer appeared to claim Trump’s policies had not driven prices higher. Photograph: Annabelle Gordon/ReutersAustralia and Brazil described the new tariffs as unjustified and said they would seek to have them removed, while Norway’s foreign minister said there was no basis for the new tariffs. The EU foreign policy chief, Kaja Kallas, said the bloc would seek ​clarification from Washington, adding that it had honoured commitments under a transatlantic trade agreement reached last year and viewed ⁠the new tariffs as a shock. Canada, one of America’s largest trading partners, immediately responded that it “should not be targeted”, adding it was a leader against the practice of importing goods produced with forced labor. “If the intent is truly to address forced labour, the focus should be a coordinated approach through a multilateral mechanism,” Matthew Holmes, executive vice-president of the Canadian chamber of commerce, said in a statement. “The timing of this is somewhat suspect as previous rounds of tariffs sunset.” Trump had long viewed tariffs – border taxes levied on imports – as a core tool to protect American jobs and manufacturing, reduce trade deficits and reverse what he sees as “unfair” practices by US trading partners. Tariff, he has said many times, is “the most beautiful word in the dictionary”. View image in fullscreenTrump during his ‘liberation day’ tariff announcement in April 2025. Photograph: Kent Nishimura/EPAOnly Congress has the authority under the constitution to levy taxes. But last April, on what he declared was “liberation day”, Trump announced a baseline 10% tariff under the International Emergency Economic Powers Act, a trade law that grants the president the authority to regulate international transactions during a national emergency. That policy, however, suffered a damaging blow in February when the US supreme court ruled 6-3 that the ability to enact tariffs during peacetime still belongs to Congress. Trump immediately announced another 10% tariff regime under another trade law that had never been used before, which limited the tariffs to a period of 150 days. Those tariffs expired a minute past midnight on Friday morning US eastern time. The latest round of tariffs invoke section 301, which has long proved controversial and so far been used sparingly, according to a Brookings analysis of the law in March.

Trump imposes fresh tariffs on UK, EU and dozens of other trading partners
Asia
The Hindu BusinessLine

Customer data from Bank of Baroda leaked online

​Customer data from state-run Bank of Baroda, ‌along with internal documents, has been leaked on ​the dark web, according to ⁠a source familiar with the matter and a cybersecurity researcher. The lender said in a statement on ‌Monday that it had started a forensic investigation and was working with ‌relevant authorities after initial containment measures were ‌implemented. The ⁠breach involved a compromised employee email ⁠account, which resulted in “unauthorised access to certain data”, the Mumbai-based bank said. “The bank’s core banking systems were not accessed ​and continue to remain ‌secure,” it added. The leaked data includes customer details, identification documents, loan papers and internal audit records, said cybersecurity researcher Srikanth L, ‌founder of Cashless Consumer. The Reserve Bank of India and India’s cybersecurity regulator ⁠CERT-In did not immediately respond to requests for comment. The leak comes amid growing concerns ‌over cybersecurity risks facing large companies and financial institutions that store vast amounts of customer and business data. The data appeared on a dark web site on Saturday night and was advertised as a cache containing more ‌than 700 gigabytes of information, based on metadata analysis ​of the site, Srikanth said. In June, a cyberattack on Apple supplier Tata Electronics led ⁠to component design and specification documents linked ⁠to Apple and Tesla being leaked on the dark web. Earlier this month, ransomware ‌group World Leaks posted files on the dark web related to India’s largest ​nuclear plant. Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments. We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.

Customer data from Bank of Baroda leaked online
Asia
The Hindu BusinessLine

Tamil Nadu tops road accidents, Uttar Pradesh remains deadliest State

Tamil Nadu continued to report the highest number of road accidents in the country in 2025, while Uttar Pradesh remained the deadliest State in terms of road accident fatalities, highlighting the contrasting road safety challenges faced by the two States, according to data tabled in the Lok Sabha by the Ministry of Road Transport and Highways. Tamil Nadu recorded 71,387 road accidents and 18,505 fatalities in 2025, compared with 49,671 accidents and 27,550 fatalities in Uttar Pradesh. While Tamil Nadu witnessed nearly 22,000 more accidents than Uttar Pradesh, the latter reported over 9,000 more deaths, indicating that crashes in Uttar Pradesh are far more likely to turn fatal. The data also show that the gap between accidents and fatalities is much wider in Tamil Nadu than in Uttar Pradesh. In 2025, Tamil Nadu recorded 3.86 accidents for every road fatality, compared with 1.80 accidents per fatality in Uttar Pradesh. Bal Malkit Singh, Advisor and former President of the All India Motor Transport Congress, said the figures reflect two distinct road safety challenges. Tamil Nadu’s high accident volume coupled with a lower fatality ratio suggests relatively better road infrastructure, trauma care and emergency response, even though behavioural issues continue to result in a large number of crashes. Uttar Pradesh, on the other hand, appears to face a higher severity of crashes, which could indicate high-speed highway collisions, inadequate road engineering and gaps in emergency medical response. “Tamil Nadu’s data point to a high-volume, relatively low-impact crash environment. With 3.86 accidents for every fatality, a larger proportion of reported crashes are survivable. This suggests that while driving behaviour and traffic density contribute to frequent accidents, the State’s road infrastructure, median protection, lighting and post-crash emergency response are comparatively better at preventing those crashes from turning fatal,” Singh said. Tamil Nadu’s priority should be to reduce the sheer volume of crashes through better traffic management, stricter enforcement against speeding and lane indiscipline, and sustained behavioural change campaigns. Uttar Pradesh needs to strengthen highway engineering, improve enforcement on high-speed corridors and significantly upgrade trauma care and emergency medical response to improve survival during the “golden hour,” he said. A researcher who works on road safety attributed Tamil Nadu’s high accident numbers largely to driving behaviour and the sheer volume of vehicles on its roads. He said comprehensive reporting of all crashes, including those involving minor injuries, is essential for understanding local conditions and planning targeted interventions. Better crash reporting in Tamil Nadu, he added, has enabled authorities to undertake more evidence-based road safety measures. Nationally, road accidents increased from 4.61 lakh in 2022 to 5.14 lakh in 2025, an increase of 52,897 accidents or 11.5 per cent. Road accident fatalities rose from 1.68 lakh to 1.83 lakh, an increase of 14,632 deaths or 8.7 per cent, indicating that road safety continues to be a major public policy challenge. Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments. We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.

Tamil Nadu tops road accidents, Uttar Pradesh remains deadliest State
Asia
The Hindu BusinessLine

MINISO Expands Its IP-Driven Retail Concept with the Opening of Macau's First MINISO LAND

MACAU , July 27, 2026 /PRNewswire/ -- On July 18, 2026, Macau's first MINISO LAND officially opened at Shoppes at Venetian, marking the debut of MINISO's highest-tier store format in the market. The new store, the brand's largest in Macau, brings together an enhanced product offering and immersive IP experience, serving as a vibrant one-stop destination for both shopping and entertainment. Located at the iconic retail destination Shoppes at Venetian, MINISO LAND Macau benefits from the mall's diverse retail offering and flow of international visitors. The opening enables the brand to reach a broader mix of local consumers and international travelers, offering a new destination where visitors can discover products, engage with their favorite IPs and enjoy immersive experiences. Spanning over 400m² on the third floor of Shoppes at Venetian, the new MINISO LAND features more than 1,200 SKUs across a wide range of categories, including collectibles and blind boxes, plush toys, stationery and lifestyle products, offering consumers a one-stop destination for IP-inspired shopping and experiences. Bringing together more than 30 beloved IP collections, MINISO LAND Macau creates an immersive destination where fans can discover their favorite characters through themed displays, exclusive collections and interactive experiences. As a key destination for the brand's latest IP collaborations and product launches in Macau, the store offers consumers early access to fresh collections and exclusive experiences. Current highlights include the YOYO and Disney and Pixar's Toy Story 5 Collection, the YOYO Tilted Head Series S2, and the Monchhichi Fun Coffee Farm Series—one of the most anticipated IP launches among local consumers—with more exciting IP launches to come. As one of MINISO's signature IP theme park-style store formats, MINISO LAND Macau features bold colors, large-scale themed installations and immersive product displays that bring together retail, entertainment and IP experiences. Dedicated YOYO-themed displays and interactive photo spots create opportunities for consumers to engage with MINISO's growing portfolio of proprietary characters. Complementing these are dedicated zones featuring globally beloved franchises, including Disney, Harry Potter, Sanrio, Pokémon, One Piece, Crayon Shinchan and Chiikawa, creating a vibrant destination for fans of all ages. The launch of Macau's first MINISO LAND represents the latest step in MINISO's efforts to expand its immersive IP-driven retail concept globally. As a key tourism hub connecting the Greater Bay Area with international markets, Macau's diverse mix of families, young consumers and international visitors makes it an ideal location for the brand's immersive retail offering. To celebrate the opening, MINISO LAND hosted a series of special activities throughout the day, including fan interactions with an influencer with over one million followers serving as one-day store manager, massive themed IP experiences, and limited-edition opening giveaways. An opening ceremony marked the official debut of the store, drawing enthusiastic crowds of local consumers and tourists eager to explore Macau's first MINISO LAND and its newest IP collections. The opening of Macau's first MINISO LAND marks another milestone in MINISO's ongoing exploration of innovative retail formats. By bringing its signature IP theme park-style experience to more markets, MINISO continues to create engaging spaces where consumers can discover products, connect with beloved characters and enjoy memorable experiences. MINISO Group is a global lifestyle brand offering a variety of design-led lifestyle products. The Company serves consumers primarily through its large network of MINISO stores, and promotes a relaxing, treasure-hunting and engaging shopping experience full of delightful surprises that appeals to all demographics. Aesthetically pleasing design, quality and affordability are at the core of every product in MINISO's wide product portfolio, and the Company continually and frequently rolls out products with these qualities. Since the opening of its first store in China in 2013, the Company has built its flagship brand "MINISO" as a globally recognized retail brand. “This is a company press release that is not part of editorial content. No journalist of The Hindubusinessline was involved in the publication of this release.” Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments. We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.

MINISO Expands Its IP-Driven Retail Concept with the Opening of Macau's First MINISO LAND
Europe
BBC Business

US imposes tariffs on dozens of trade partners over 'forced labour' imports

Image source, Getty ImagesByMichael Race, Francisco Velasquez, Reporting fromNew York, Jemma Crew and Osmond ChiaPublished23 July 2026Updated 1 hour agoThe US is imposing new tariffs on 60 trading partners, accounting for the vast majority of its imports, over claims they failed to properly stop forced labour. The duties, ranging from 10% to 12.5%, target key economic partners – including the UK, China, the European Union, Canada, Japan and India. They come into effect on Friday, as a temporary 10% tax on foreign goods introduced earlier this year expires. The move is the latest escalation in the global trade war reignited by US President Donald Trump when he returned to office last year. The US Supreme Court ruled earlier this year that many of the tariffs imposed globally under emergency powers were illegally enacted. Last month, the White House proposed 10%-12.5% duties on imports from dozens of countries over concerns they were not doing enough to tackle forced labour. On Thursday, US Trade Representative Jamieson Greer, acting under Trump's direction, said those duties would now take effect. "Today's action will begin to correct what is both a human rights abuse and distortive trade practice to improve the welfare of workers everywhere," his statement said. Greer invoked Section 301 of the Trade Act of 1974, which governs US trade enforcement of practices that burden or restrict American commerce. Earlier this week, the Trump administration invoked a different statute, Section 338 of the Tariff Act of 1930, to impose 50% tariffs on products from Canada. On Thursday, the Office of the US Trade Representative said the latest tariffs were being imposed on partners "for their failure to impose and effectively enforce a prohibition on the importation of goods produced with forced labour". The new duties apply to the top 60 US trade partners covering 99.4% of US imports, it added. The office said Trump had made adoption of a ban on imports produced with forced labour a "critical" part of reciprocal trade agreements with other nations.

US imposes tariffs on dozens of trade partners over 'forced labour' imports
Asia
The Hindu BusinessLine

‘We are committed to ensuring financial stability’

Ahead of the upcoming Monetary Policy Committee meeting in August, Reserve Bank of India Governor Sanjay Malhotra sat down with businessline on Sunday for a comprehensive interview at the central bank’s headquarters in Mumbai. Malhotra underlined that price stability remains the central bank’s foremost priority even as it seeks to support growth as inflation risks re-emerge and global uncertainties cloud the economic outlook. He stressed that monetary policy decisions will remain data-dependent, highlighted the $32 billion mobilised through recent foreign capital measures, expressed confidence that the rupee is not overvalued, and outlined the RBI’s roadmap on liquidity, CBDC adoption, banking reforms and financial stability. Does the current repo rate meet your objective of keeping inflation under check while supporting growth? The present rate is the appropriate rate as assessed by the MPC in view of the prevailing growth-inflation dynamics and outlook in June 2026 amid heightened global uncertainties. Our primary mandate is price stability. Although generalised inflation pressures continue to remain modest so far, the risk of higher food, fuel and other input prices translating to a broad-based inflation environment is real. But our team is assessing the growth-inflation dynamics. We are heading into our next Monetary Policy Committee (MPC) meeting shortly. We will take an appropriate decision based on the data available and the outlook. Inflation has breached the mid-point of the MPC’s tolerance band. Would you look through it? The response of monetary policy to a supply shock is needed when it feels that inflation is getting generalised, or it is de-anchoring expectations. As I said, we are seeing some signs, but they are modest. Let’s wait for more data and let’s not pre-empt the MPC. In recent times, the MPC has placed a premium on growth versus inflation. You have been helped by the fact that inflation has been benign. Now, going forward, if there is a threat to growth, what will be your approach to the growth-inflation dynamic? First of all, I would say that our primary mandate is inflation and price stability. Even in the past period, we have been guided by that and not so much by growth. We are required to keep growth in mind while we endeavour to meet our primary objective of price stability. As you rightly mentioned, inflation was very benign and so we could continue, therefore, to support growth by reducing the policy rate by 125 basis points. However, as I mentioned, it is price stability which is our primary mandate. Growth is certainly a consideration. Therefore, we will do whatever is required first, to maintain price stability and then, to see to what extent we can support growth. However, as I mentioned, it is price stability which is our primary mandate. Growth is certainly a consideration. Therefore, we will do whatever is required first, to maintain price stability and then, to see to what extent we can support growth. If you increase the repo rate down the line, will it be preceded by a change in stance? As indicated last year in my statement of April 2025, the stance of monetary policy signals the intended direction of policy rates going forward. MPC is maintaining neutral stance right now, which gives flexibility to maintain status quo, or move policy rates either way. Therefore, it may not be necessary to change stance before taking any policy action. But, of course, all decisions on policy rate and the stance will be taken by the MPC after taking cognisance of the incoming data and the domestic inflation-growth dynamics. How are you treading this path where the rupee is subject to volatility due to dollar appreciation, FPI outflows and demand for the greenback from importers? I will make four points in this regard. One, most emerging market economies and Asian currencies have been under pressure since the outbreak of the West Asia conflict for reasons well known to all. The rupee is not an outlier or an exception. In fact, it has performed better than many Asian peers. Two, the depreciation in the rupee this year is not a reflection of India’s sound economic fundamentals. It has been largely driven by the expectations channel. India’s current account recorded a surplus of $2.8 billion in April-May 2026 against a deficit of $4.1 billion in the corresponding period of last year. Surplus in current account has accrued on account of strong services exports and remittances. Goods exports have also grown. Similarly, FDI in the first two months of this financial year recorded a net inflow of around $6.5 billion against $2.5 billion in the same period last year. External commercial borrowings (ECBs) also recorded net inflows during this period. Three, for a number of reasons, the medium-term outlook on the external sector, including BoP and forex reserves, is favourable and, therefore, we expect the real economy channel to remain positive and expectations channel to improve. Four, regarding our policy on exchange rate, I must reiterate that it remains unchanged. In the last policy, you announced five measures to attract foreign capital. What outcomes do you expect from each of those measures?

‘We are committed to ensuring financial stability’
Asia
The Hindu BusinessLine

UltraTech Cement plans its biggest rupee debt funding, bankers say

UltraTech Cement is in talks with merchant bankers ​and arrangers to raise what would be its ‌biggest rupee bond funding, two bankers aware ​of the matter said on ⁠Monday, as it seeks to tap debt markets ahead of the central bank’s policy decision next ‌week. The country’s largest cement producer by capacity plans to raise an aggregate ‌₹5,000 crore ($517.80 million) through bonds maturing ‌in ⁠two-and-a-half years, three-and-a-half years and five ⁠years, the sources said requesting anonymity as the talks are still private. It is targeting ₹1,500 crore ​each in the ‌shorter two tranches at annual coupons of 7.22 per cent and 7.23 per cent, respectively, and ₹2,000 crore in the five-year tranche at 7.25 per cent. The bankers ‌said UltraTech aimed to complete ​the sale before the Reserve Bank of India’s monetary policy decision on ⁠August 5. The company did not respond to a Reuters email seeking comment outside regular business hours. The ‌bonds are rated AAA by Crisil and may attract demand from mutual funds seeking high-quality credit, the bankers said. In March 2025, UltraTech raised ₹1,000 crore each through three-year and five-year bonds at an ‌annual coupon of 7.34 per cent. It has ₹3,500 crore ​of bonds outstanding, including ₹500 crore due within a month. The cement maker ⁠reported a nearly 17 per cent rise in first-quarter profit ⁠earlier this month as it used its scale and market position to ‌absorb higher fuel costs linked to the Middle East conflict better than smaller rivals. Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments. We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.

UltraTech Cement plans its biggest rupee debt funding, bankers say