Tag: llv news

  • Indian Single Malt Whiskey: A New Global Sensation!

    Indian Single Malt Whiskey: A New Global Sensation!

    India is becoming famous for more than just yoga, Bollywood movies, and delicious chicken tikka masala. Now, Indian single malt whiskey is making waves around the world! This unique whiskey comes from one distillery and has its own special flavor. With more people in India enjoying whiskey, distilleries are producing top-quality single malts that are winning awards.

    For example, Amrut Triparva was recognized in the 2024 Best in Class list, and Indri Diwali Collector’s Edition 2023 won top honors last year. Many restaurants, like Bungalow in New York, see Indian whiskies like Indri selling better than famous brands like Macallan.

    Sanjeev Banga, an industry leader, believes Indian whiskey is gathering attention just like New World wines did before. Excitingly, American whiskey makers are even using empty Indian whiskey barrels to create new tastes!

    Indian distilleries are popping up everywhere. There’s GianChand from Jammu, Rampur in Uttar Pradesh, and Indri-Trini from Haryana, which uses local barley. Amrut is from Bangalore and kicked off India’s single malt journey back in 2004.

    In 2023, Indian single malts outsold Scotch whiskies for the first time, making up about 53% of sales in the whiskey market! Big companies like Diageo and Pernod Ricard are now launching their own Indian brands. Pernod introduced Longitude 77, and Diageo has Godawan, both competing internationally.

    Big plans are underway! Piccadily Agro, known for Indri, will invest a whopping Rs 1,000 crore to expand and even open a distillery in Scotland. Alexandre Ricard from Pernod believes that Indian single malt whiskey deserves its own category globally and is working to make that happen.

    Currently, 24 distilleries in India make single malt whiskey, with more joining the industry. To help promote Indian whiskey globally, all manufacturers need to come together, and support from the government is crucial

  • Indian Wages Drop, Signaling Economic Slowdown: Key Insights

    Indian Wages Drop, Signaling Economic Slowdown: Key Insights

    Indian wages have dropped for the first time since COVID-19, slowing down the economy as people are spending less and businesses are earning less money. Between July and September, real wages for city workers went down by 0.5% compared to last year, according to Elara Securities. Other reports from companies like Motilal Oswal also show that wage growth is slowing down while prices are rising, which is making life harder for many city families. Even though the economy grew over 8% last financial year, many people are cutting back on purchases from soaps to cars because their incomes aren’t keeping up with rising prices.

    Big companies like Maruti Suzuki and Hindustan Unilever have reported weaker sales and earnings. About half of the companies in the NSE Nifty 50 Index did not meet expected earnings in their latest reports. For Prime Minister Modi’s government, this slowdown is a challenge to its goal of creating more jobs and growing the economy. The finance and trade ministers are suggesting to lower interest rates, but the central bank governor is focused on keeping inflation under control.

    India’s main opposition party is criticizing the government for not paying enough attention to the middle class’s economic struggles. Data expected soon is likely to show more signs of this slowdown, with growth for the last three months expected at 6.5%, which is the slowest in six quarters. Consumer spending accounts for nearly 60% of the economy, and slow hiring in the tech sector and poor profits in manufacturing are hurting real income.

    IT services firms like Tata Consultancy Services, Infosys, Wipro, and HCL Technologies reported a smaller increase in employee costs compared to last year. This means families might need to use their savings or take on more debt to keep spending. Analysts believe that weak income growth is keeping consumer finances low.

    Household spending will likely continue to be a problem in the coming quarters. Some economists expect GDP growth to drop to about 6.8% for the financial year, lower than earlier predictions. Other investment banks like Goldman Sachs are even more pessimistic, expecting only 6.4% growth. The Reserve Bank of India has a slightly more optimistic view, expecting 7.2% growth.

    One reason for the slower growth is that the government hasn’t been spending as much as planned since the national elections. The Economic Affairs Secretary said that the government might not spend as much as it had targeted. They have spent only 37% of their budget for the first half of the fiscal year compared to 49% last year.

    There are signs of better spending in rural areas, hinting that the worst may be over. Bloomberg Economics believes that growth has been held back by strict policies but is starting to improve. Increased rural spending from a good harvest could help the economy bounce back, especially when the central bank lowers rates.

    The Reserve Bank of India is optimistic, saying that the economy is doing well overall and that both rural spending and private investments are getting better. The central bank hasn’t cut interest rates yet, even as the Federal Reserve has, because they are worried about the risks of inflation.

  • India Plans Rs 40,000 Crore Boost for Local Electronics Manufacturing

    India Plans Rs 40,000 Crore Boost for Local Electronics Manufacturing

    The Indian IT ministry is planning to ask the Union Cabinet for a huge money package of Rs 40,000 crore next month. This package is aimed at helping local companies make more electronic parts. If approved, the investment could begin by April 2025.

    This financial plan, developed by the Ministry of Electronics and Information Technology (MeitY), will focus not on semiconductors, but on other electronic components like circuit boards and batteries. The government wants to encourage more local production and to connect Indian companies with global electronics manufacturing.

    After talking with businesses, MeitY is ready to submit a proposal in December. If the Cabinet gives the green light, companies will have 90 days to prepare for investments. Government officials are eager to get approval soon, so everything is set to start on April 1.

    India’s need for electronic parts is expected to rise sharply to $240 billion by 2030. The goal is to increase local production from the current 15-18% to about 35-40% in the next five years, and even reach 50% eventually.

    The total investment under this scheme could reach around Rs 82,000 crore, generating components worth between Rs 1.9 lakh crore to Rs 2.0 lakh crore. There are existing programs helping local assembly of electronic products, and the new plan is expected to focus on making phones and IT devices.

    Discussions are ongoing about how exactly the support will look—like whether there will be subsidies for working capital or incentives linked to hiring more staff. Companies are hoping for quick approvals, especially for partnerships with firms from countries like Taiwan and China. Local businesses are also encouraging suppliers to invest in India.

    The focus of the new scheme is to boost local production of vital components used in mobile phones and laptops. Right now, India heavily relies on imports for many of these important parts. It’s crucial that the country starts making more of its own products to avoid the risks associated with importing.

  • Elizaveta Krivonogikh: Putin’s Secret Daughter in Hiding In Paris Amid Russia Ukrain War

    Elizaveta Krivonogikh: Putin’s Secret Daughter in Hiding In Paris Amid Russia Ukrain War

    Elizaveta Krivonogikh, a 21-year-old girl who many believe is the secret daughter of Russian President Vladimir Putin, has been living in Paris under a fake name since the war in Ukraine started. She now goes by the name Luiza Rozova and is pretending to be related to a friend of her father’s who has passed away.

    Before the war, Elizaveta was very active on social media in Russia. However, she disappeared just days before Russia attacked Ukraine. Her mother, Svetlana Krivonogikh, used to be Putin’s girlfriend. Now, Svetlana is a wealthy businesswoman, owning parts of a big bank and a famous strip club in St. Petersburg.

    Elizaveta and her mother are reportedly using the last name Rudnova. There are also claims that Putin has two other sons, who are living in quiet luxury and staying out of the spotlight.

    An investigation found out that Elizaveta, now called Luiza, was once a student at the Paris School of Management and Arts but is no longer attending. She holds a passport that identifies her as Elizaveta Olegovna Rudnova, with her birthday listed as March 3, 2003.

  • Kamala Harris Leads in 2028 Polling: What’s Next for Her Future?

    Kamala Harris Leads in 2028 Polling: What’s Next for Her Future?

    A new survey from Emerson Polling in November shows that Kamala Harris, the U.S. Vice President, is the top choice for Democrats in the race for the 2028 Presidential election, with 37% support. California Governor Gavin Newsom is next with only 7%, while Transportation Secretary Pete Buttigieg has about 4%.

    For Republicans, Vice President-elect JD Vance is leading with 30%, followed by Florida Governor Ron DeSantis and Vivek Ramaswamy, who each have more than 5%. The survey allowed people to write in their choices instead of using set options, which means names like Rep. Rashida Tlaib and former First Lady Michelle Obama were also mentioned.

    Kamala Harris is thinking about her future and might consider running for governor in California or another Presidential bid. She has told her team that she plans to keep her options open and will decide on her next steps during the winter holidays. A former aide mentioned that Kamala Harris could use this time to travel and connect with supporters, while also strengthening her political ties.

  • Ginny & Georgia Season 3 and Ayrton Senna Series Coming to Netflix

    Ginny & Georgia Season 3 and Ayrton Senna Series Coming to Netflix

    Exciting News for Ginny & Georgia Fans!
    Great news for fans of “Ginny & Georgia”! The show is coming back for Season 3 on Netflix, and it has even been renewed for a fourth season! Season 2 was released on January 5, 2023, and it got nominated for a Primetime Emmy award, which is super cool.

    Filming for Season 3 wrapped up in September, but Netflix hasn’t told us the exact release date yet. However, it’s likely that the new season will come out in Spring 2025, according to a report from WhatsOnNetflix.

    In other exciting news, a brand-new Netflix series about the famous Formula One driver Ayrton Senna is coming out soon! This six-episode show will premiere on November 29 and will follow Senna’s life from his early go-kart days to the tragic accident that took his life during a race in 1994. Even after 30 years, Senna is still remembered and loved by fans and drivers alike.

    Exciting times ahead for both “Ginny & Georgia” and Ayrton Senna fans

  • Daily Horoscope: What to Expect On 29th November for Every Zodiac Sign

    Daily Horoscope: What to Expect On 29th November for Every Zodiac Sign

    ARIES (Mar 21 – Apr 20): Your money situation might be tricky today, but you can handle it. Stay away from legal problems. You’ll feel confident and happy. Planning trips ahead can make your travels easier. Look into spirituality for better mental health. Stay active at work to keep your energy up.
    Love Tip: Great day to connect with your partner.
    Lucky Number: 6
    Lucky Colour: Cream

    TAURUS (Apr 21 – May 20): Don’t rush your money plans; it might stress you out. Work has good chances for you. Keep a balance to avoid problems. You might enjoy traveling with good friends. Studying hard will lead to success!
    Love Tip: Avoid actions that could hurt your relationship.
    Lucky Number: 18
    Lucky Colour: Brown

    GEMINI (May 21 – Jun 21): You could get unexpected money today! If you have a house, think about making improvements. Stay active for good health. An unexpected trip will excite you. Make sure to spend time with older family members. Students should focus on studies.
    Love Tip: Romantic excitement is on its way!
    Lucky Number: 1
    Lucky Colour: Light Red

    CANCER (Jun 22 – Jul 22): Be careful with your money today. Owning a home might be possible. You might need to work hard to keep peace at home. Good planning will help your studies. Don’t let fear hold you back at work. Older folks may feel better.
    Love Tip: Keep romance low-key today.
    Lucky Number: 2
    Lucky Colour: Sky Blue

    LEO (Jul 23 – Aug 23): Buying new appliances might be a smart move. An inheritance could come your way. You may want to switch jobs for a better salary. Keep an eye on your health. Property investments might be good now. Settle issues with your travel buddy.
    Love Tip: Get to know someone well before committing.
    Lucky Number: 7
    Lucky Colour: Maroon

    VIRGO (Aug 24 – Sept 23): Look for new money opportunities today. A big announcement from someone special could affect you. Successful planning is the key to your job success. You may need to study harder. Might have some family conflicts.
    Love Tip: A romantic trip could bring you closer.
    Lucky Number: 17
    Lucky Colour: Orange

    LIBRA (Sept 24 – Oct 23): Money matters will likely improve. Volunteering could bring surprising rewards. Kids may need more attention today. Don’t be lazy at work—stay focused. Meeting an old friend could make you feel great. You may climb the career ladder!
    Love Tip: Relationships might face some issues today.
    Lucky Number: 5
    Lucky Colour: Green

    SCORPIO (Oct 24 – Nov 22): Getting expert advice can help your finances long-term. Stay calm at work to solve problems. Family gatherings are likely. Buying property may be affordable now. A child might make you proud today. Aim for better fitness.
    Love Tip: Keep your date private and cozy.
    Lucky Number: 4
    Lucky Colour: Grey

    SAGITTARIUS (Nov 23 – Dec 21): Timing is important for any business loans. Your hard work will impress others. You could buy or receive property. An exciting trip might inspire you. Students are likely to do well in exams. Eating healthy will help you feel good.
    Love Tip: You might end a love-hate relationship today.
    Lucky Number: 17
    Lucky Colour: Purple

    CAPRICORN (Dec 22 – Jan 21): Your plans will progress, leading to better finances. A family trip could be fun. Your ambitious goals will get noticed. An international trip might be on the horizon. You must focus on health during property disputes. Studying might seem tough.
    Love Tip: A friendship might turn romantic.
    Lucky Number: 8
    Lucky Colour: Brown

    AQUARIUS (Jan 22 – Feb 19): Investing in commercial real estate looks promising. You could finalize big deals and clear debts. Keep an eye on home issues. Eating healthy will give you energy. A financial windfall may take time, so stay patient!
    Love Tip: Don’t let the passion fizzle out; make time for love.
    Lucky Number: 22
    Lucky Colour: White

    PISCES (Feb 20 – Mar 20): Loans could be more expensive than you think. A family member might need your help today. Be careful with property deals. Slight changes in your lifestyle can improve health. Long-distance travel will be comfortable. Small seasonal health issues may arise.
    Love Tip: Your relationship will grow greatly today!
    Lucky Number: 6
    Lucky Colour: Silver

  • Power-Sharing Talks: Who Will Be Maharashtra’s Next Chief Minister?

    Power-Sharing Talks: Who Will Be Maharashtra’s Next Chief Minister?

    Union Home Minister Amit Shah met with leaders of three political parties in the Mahayuti alliance led by the BJP on Thursday night. They talked about how the power will be shared in the state’s new government. The BJP will have the Chief Minister’s position, and two deputy chief ministers are expected to be from their allies, the Shiv Sena and the NCP.

    The BJP will decide who their new chief minister will be on Saturday during a meeting in Mumbai. If they pick Devendra Fadnavis, he might keep the home ministry, while the NCP is expected to get the finance ministry. The Shiv Sena may get important departments like urban development and public works.

    The meeting with Amit Shah lasted for two hours. They also discussed how cabinet positions will be divided based on how many seats each party won. The BJP is likely to take 22 out of 43 cabinet positions, while the Shiv Sena and NCP are expected to receive 12 and 9 positions, respectively.

    Both the Shiv Sena and NCP want at least one spot in the central government. The NCP is keen on having Praful Patel as part of the Modi government.

    Eknath Shinde, who is the current caretaker chief minister, might give up his position as deputy chief minister for his son, Shrikant Shinde. It seems he would rather serve in the Union Cabinet instead, allowing him to focus on growing his party ahead of upcoming civic elections in Mumbai.

    Sena spokesperson Sanjay Shirsat mentioned that Eknath Shinde prefers to give good roles to his workers instead of taking the deputy CM job himself.

    There’s talk in political circles that the BJP may surprise everyone with its choice of chief minister, considering comments from ex-BJP chief, Chandrakant Patil, who hinted at “experiments” with leadership.

    Earlier, the BJP’s general secretary Vinod Tawde also met with Amit Shah to discuss the state’s caste makeup and the importance of having a Maratha chief minister, especially due to community protests for reservations.

    The BJP plans to send observers to Mumbai to hear opinions from MLAs on the chief minister role. They are expected to arrive on Saturday, with the new government likely to be sworn in by Monday or Tuesday.

    Ajit Pawar from the NCP assured there was no fighting over cabinet posts and that decisions would be made in a friendly environment. He and other NCP leaders discussed their demands before being prompted to meet with Amit Shah.

    Finally, Eknath Shinde plans a state tour next week to connect with the community and support the ‘Ladki Bahin Yojana,’ which helps women in Maharashtra

  • India and Japan Unite for Stronger Tech and Supply Chain Partnerships

    India and Japan Unite for Stronger Tech and Supply Chain Partnerships

    India and Japan are working together to create a new partnership that allows Japan’s advanced companies to enter India’s market and set up their own supply chains. This was the main topic when India’s Foreign Secretary, Vikram Misri, held talks about economic safety, trade, and technology in Tokyo recently. They talked about making supply chains stronger and partnering in important new technologies. Japan is known for its technology, and India has a large market that helps new ideas grow and spread effectively.

  • Adani Green Energy Delays Solar Power Supply to Andhra Pradesh

    Adani Green Energy Delays Solar Power Supply to Andhra Pradesh

    Adani Green Energy has been in the news recently due to problems with its solar power project in Andhra Pradesh. This project was supposed to deliver a total of 3,000 megawatts (MW) of energy starting in September 2024, but two months after the agreed date, it has yet to supply any power.

    Now, the company expects to deliver just 1,000 MW by April 2025, which is seven months later than planned. This change means that instead of receiving 6,000 MW of power by September 2025, Andhra Pradesh will only get 2,000 MW by early 2026. Despite these delays, Adani Green is selling power from the same project at a higher price on power exchanges—about 40% more than what they would sell to Andhra Pradesh.

    Right now, they have completed work on just 25 MW of solar capacity, but it’s performing well. The company claims that the hold-up in delivering power is due to issues with the electricity transmission lines managed by the Central Transmission Utility of India Ltd. They have the permission to sell extra power while waiting to begin supplying under their original plan.

    Adani alerted the state government in September that they would not meet the initial deadlines. Experts have explained that sometimes the necessary transmission lines aren’t ready, which affects how reliably the company can supply electricity. Adani assures everyone that they are committed to meeting their new deadlines for providing energy to Andhra Pradesh.