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Maharashtra cabinet approves up to 60% liquor duty hike; United Spirits, Radico, Allied Blenders stocks under pressure

The Maharashtra cabinet has approved a sharp increase in excise duties on liquor, marking the biggest percentage-wise hike since 2011. The move is expected to push up retail prices significantly and may cause ripple effects across the alcoholic beverages industry. As per the revised structure, excise duty on Indian Made Foreign Liquor (IMFL) has been…

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Pope Leo XIV names first Chinese bishop, signalling he is continuing Vatican’s accord

VATICAN CITY — VATICAN CITY (AP) — Pope Leo XIV made his first appointment of a Chinese bishop under the Vatican’s 2018 agreement with Beijing, signalling he is continuing one of Pope Francis’ most controversial foreign policy decisions. The Vatican expressed satisfaction that Leo’s June 5 nomination of Bishop Joseph Lin Yuntuan as auxiliary bishop…

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