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Anil Agarwal on the board of his Indian entity

FOR the first time, Anil Agarwal has taken a board position in his Indian entity Vedanta Ltd, replacing brother Navin.

The company said that Anil Agarwal has been appointed as "the non-executive chairman" of the Indian entity, which houses oil and gas, aluminium, power, iron ore, steel and copper business.


Anil had been heading London-based Vedanta Resources so far.

Navin will now be the executive Vice Chairman of the board.

The change happened following the resignation of the CEO S Venkatakrishnan. He was replaced by Sunil Duggal, current head of Vedanta unit Hindustan Zinc Ltd.

'The company will be run by a management committee comprising of CEO, CFO, CHRO and CCO who will take all key decisions collectively under the guidance of Chairman," the statement said.

Anil Agarwal's daughter Priya is also in the board as director.

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Scotch whisky production slows as tariffs and weak demand bite

The first half of this year showed Scotch exports worth £2.5bn

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Scotch whisky production slows as tariffs and weak demand bite

Highlights

  • American tariffs adding 10 per cent to costs, with further 25 per cent charge on single malts expected next spring.
  • Barley demand slumped from up to 1 million tonnes to 600-700,000 tonnes expected next year.
  • Major distilleries including Glenmorangie and Teaninich have paused production for months.
Scotland's whisky industry is facing a sharp downturn in production as it adapts to challenging market conditions worldwide, with US tariffs and weakening global demand forcing major distilleries to halt operations.

Tariffs introduced under the Trump administration have added 10 per cent to importers' costs in the industry's biggest export market.

American tariffs on single malts, suspended four years ago, are expected to return next spring with a further 25 per cent charge unless a deal is reached.

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