tilaknagar industries: Allied Blenders buys rights to Mansion House and Savoy Club Brands

Mumbai: Allied Blenders and Distillers Ltd (ABD) said it has acquired global rights for Mansion House and Savoy Club brands from UTO Asia for $1.2 million.The deal excludes territories such as Singapore, Malaysia, Indonesia, Philippines, Thailand, Cambodia, Vietnam, Laos, China, and Myanmar."The acquisition of UTO Asia and the associated ownership of worldwide right, title interest in the Mansion House and Savoy Club brands aligns with ABD's strategic expansion objectives, allowing it to gain full control over the Mansion House and Savoy Club brands on a global scale, while specifically addressing regional interests in key markets," it said in a BSE filing. In India, Tilaknagar Industries Ltd and ABD are involved in a trademark dispute over these brands. While Tilaknagar holds exclusive rights to sell these brands in India, ABD has been granted permission by the Bombay High Court to launch products under the same brand names, particularly in West Bengal.Tilaknagar Industries entered a pact with Herman Jensen (formerly UTO) nearly four decades ago and had claimed the latter ceded the rights of Mansion House brandy to rescue itself from a court action in Rotterdam in 1987. Under this arrangement, Jensen would retain Mansion House brand in whisky, which was a bigger business then. The Dutch side, however, argued that the arrangement was never legally solemnised and moved courts in 2008, when Mansion House brandy had emerged as a formidable brand in the Indian market.In December 2011, a one-member bench of the Bombay HC held that Tilaknagar had the rights to Mansion House in India, but Herman Jensen went on to appeal before a division bench. In 2014, ABD bought a 50% stake in the two brands from Herman Jansen, giving ABD rights to produce and sell them in the country. In February this year, the Bombay HC dismissed Tilaknagar's plea and granted Allied Blenders permission to use the Mansion House brand name for some of its products in West Bengal.

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

New Indian Express

an hour ago

• New Indian Express

Cool way to cut power consumption

A 2020 CEEW survey found that nearly 60% of Indian AC users set their units at 23°C or lower. 'Even a modest shift from 18°C to 20°C can cut AC energy use by 12%. If just 30% of new buyers (~5 million) adopt this change, it could save 1.4 billion units of electricity annually — enough to power 10–14 million homes monthly,' Agrawal added. If India improves its ACs efficiency substantially, energy consumption will be reduced to nearly 120 terawatt-hours by 2035, which is comparable to the energy output of over 60 gigawatts (GW) of solar photovoltaic (PV) capacity, say market estimates. The moot question though is whether the industry and consumers are ready for it. Different studies show that improving the efficiency of ACs can be a win-win proposition for both the industry and consumers. The IECC study challenges the notion that increasing the efficiency of ACs will make them less affordable. Global data, as well as India's data of AC consumers, reveals that the price of higher efficient ACs consistently decreases while the efficiency of ACs doubles in the same period. Experts explain that the lower cost of ACs with higher efficiency is due to the economy of scale, enhanced manufacturing process, and competitive market dynamics. Data from Japan shows that between 1990 and 2015, the price of ACs reduced by 80%, while in the same period, ACs efficiency doubled, from 2.5 to 6.1 on the energy efficiency index. In Korea, too, energy efficiency increased to more than double, while the price declined by 60% after inflation was adjusted. Similarly, between 2004 and 2023, room AC efficiency improved by 60% in India, and prices were nearly halved. However, India's AC efficiency has not increased compared to Japan and Korea, which bolsters the idea that higher efficiency does not lead to increased costs. Moreover, the price of lesser efficient ACs compared to the efficient ACs is not much different. The IECC analysis shows that the average market price of 5-star ACs (highly efficient) is almost equal to that of 4-star and a little above that of 3-star. The median retail price of 3-star ACs last year was `36,990, whereas the 4-star median price was `43,490, followed by the 5-star price of `43,990. A market analysis shows that investing in 5-star ACs (1 ton) yields an upfront median incremental price of `5,970 compared to 1-star ACs. However, the higher-efficiency AC consumes 377 kWh less per year, resulting in annual electricity bill savings of `3,360. This implies a payback period of under two years.

Time of India

an hour ago

• Time of India

FATF report links dual-use equipment seized by India in 2020 to Pakistan's defence agency

India confiscated equipment from a ship bound for Pakistan in 2020. The equipment is linked to Pakistan's National Development Complex. This complex is involved in missile development. The Financial Action Task Force report highlighted this seizure. The report also pointed out vulnerabilities in preventing weapons proliferation. The seized items were mis-declared as industrial dryers. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads New Delhi: A dual-use equipment seized by India from a Pakistan-bound merchant vessel in 2020 is linked to Islamabad's National Development Complex that is involved in the country's missile development programme, a new report by the Financial Action Task Force (FATF) has seizure of the dual-use equipment used in developing missiles found mention in the report by the multilateral financial watchdog that highlighted vulnerabilities in the global financial report listed the case under a section on the misuse of the maritime and shipping sectors including to transport a range of commodities, including dual-use equipment."In 2020, Indian custom authorities seized an Asian-flagged ship bound for Pakistan. During an investigation, Indian authorities confirmed that documents mis-declared the shipment's dual-use items," the FATF report said."Indian investigators certified the items for shipment to be 'Autoclaves', which are used for sensitive high energy materials and for insulation and chemical coating of missile motors," the report said these sensitive items are included in dual-use export control lists of the Missile Technology Control Regime (MTCR).The bill of lading of the seized cargo provided evidence of the "link between the importer and the National Development Complex, which is involved in the development of long-range ballistic missiles," it export of equipment such as the autoclaves without formal approval from various authorities is a violation of existing law, the FATF National Development Complex (NDC) has played a crucial role in the development of Pakistan's missile had seized the dual-use equipment from merchant vessel Da Cui Yun at Kandla port in Gujarat on February 3, Indian customs authorities had stopped the vessel for wrongly declaring an autoclave, which can be used in construction of missiles, as an "industrial dryer".The report said that significant vulnerabilities remain across the global financial system in countering the financing of weapons of mass destruction (WMD)."Despite the grave threat posed by proliferation financing (PF), only 16 per cent of countries assessed by the FATF and its global network have demonstrated high or substantial effectiveness" in a process that evaluates the implementation of targeted financial sanctions under the United Nations Security Council resolutions on report said that unless the public and private sectors urgently bolster technical compliance and effectiveness, those seeking to finance WMD proliferation will continue to exploit weaknesses in existing report provided a detailed analysis of the evolving methods and techniques used to evade PF-related sanctions."Illicit actors are employing increasingly sophisticated methods to evade sanctions and circumvent export controls," it said.

Business Standard

an hour ago

• Business Standard

Rahul Gandhi slams PM Modi over 'Make in India', cites job concerns

The Leader of Opposition in Lok Sabha and Congress MP Rahul Gandhi on Saturday criticized Prime Minister Narendra Modi saying that despite promises of a "Make in India" factory boom, manufacturing in the country is at a record low and youth unemployment is very high. Gandhi questioned the effectiveness of the "Make in India" initiative, highlighting that manufacturing in the country has fallen to a record low of 14 per cent of the economy since 2014. He also pointed to rising youth unemployment and a doubling of imports from China, accusing Prime Minister Narendra Modi of focusing on slogans rather than real solutions. In a post on X, Rahul Gandhi shared a video and wrote, "Make in India" promised a factory boom. So why is manufacturing at record lows, youth unemployment at record highs, and why have imports from China more than doubled? Modi ji has mastered the art of slogans, not solutions. Since 2014, manufacturing has fallen to 14% of our economy." He highlighted the challenges faced by India's youth, sharing in a post that he met two talented young men, Shivam and Saif, in Nehru Place, New Delhi, who remain unable to fulfil their potential. He criticised the country's current economic model and said, "In Nehru Place, New Delhi, I met Shivam and Saif - bright, skilled, full of promise - yet denied the opportunity to fulfil it. The truth is stark: we assemble, we import, but we don't build. China profits." He said that Prime Minister Modi has no new ideas and has given up on growing India's industries. He added that even the important PLI scheme is being quietly stopped. Gandhi called for big changes to help Indian producers with honest reforms and financial support, warning that if India doesn't build its industries, it will keep buying from other countries. "With no new ideas, Modi ji has surrendered. Even the much-hyped PLI scheme is now being quietly rolled back. India needs a fundamental shift - one that empowers lakhs of producers through honest reforms and financial support. We must stop being a market for others. If we don't build here, we'll keep buying from those who do. The clock is ticking," the post reads The Make in India initiative was launched by the Prime Minister in September 2014 as part of a wider set of nation-building initiatives.