Piccadily Agro Industries Limited’s Indri Single Malt Whisky, in collaboration with whisky community platform The Dram Club, on Tuesday unveiled Indri Rudhira — claimed to be India’s first single malt whisky matured in Pineau des Charentes casks. The launch was announced on March 24, 2026.

The release is limited to 252 individually numbered bottles, bottled at 50 per cent ABV, and is priced at ₹12,500 per bottle. It is currently available only in Bengaluru.

Rudhira is a lightly peated expression distilled at Piccadily Agro’s facility in the village of Indri, Haryana. The use of Pineau des Charentes casks — a fortified wine from the Cognac region of France — marks a cask maturation style not previously employed in Indian single malt production, according to the company.

“Rudhira represents a new chapter for Indri and for Indian single malts,” said Shalini Sharma, Head of Marketing at Piccadily Agro Industries Limited. “This was never just about releasing a limited edition — it was about challenging convention and reimagining what Indian single malts can achieve.”

Swati Sharma, Co-Founder of The Dram Club, said the collaboration reflected “the growing appetite among Indian whisky lovers for distinctive and collectible single malts.”

The Dram Club, founded in 2019, is a whisky and spirits community platform with over 150,000 followers across Instagram and YouTube and has conducted more than 250 events across eight Indian cities.

Piccadily Agro Industries Limited closed at ₹542.30 on Tuesday, up 3.03 per cent from its previous close of ₹526.35. The stock touched an intraday high of ₹551.15 and a low of ₹528.00, with a VWAP of ₹539.35.

Published on March 24, 2026

ASK Property Fund on Tuesday announced a successful exit of ₹650 crore from Mahagun Group’s Noida project, generating an internal rate of return (IRR) of 21 per cent and an investment multiple of 2.1x on an initial investment of ₹310 crore.

Alongside this exit, the fund also announced the complete exit of its ₹1,500 crore Debt Fund, raised in 2018, achieving an investment multiple of 1.83x.

ASK Property Fund had deployed both growth and solution capital into the Noida project in 2021. The project spans 2.4 million square feet of saleable area.

Amit Bhagat, Co-founder, CEO and MD, ASK Property Fund, said, “With this, we are also proud to announce the complete exit of ₹1,500 crore in our Debt Fund, raised in 2018, with an investment multiple of 1.83x. The fund’s performance underscores the attractiveness of counter-cyclical opportunities in real estate, where judicious entry points and diligent risk/asset management continue to create value for investors.”

ASK Property Fund, the real estate private equity arm of the Blackstone-backed ASK Asset and Wealth Management Group, focuses on private equity investments in the self-liquidating residential segment.

Since 2009, it has raised ₹9,100 crore and invested in projects spanning 70 million square feet across Mumbai Metropolitan Region, NCR, Bangalore, Pune, and Chennai.

ASK Asset and Wealth Management Group managed assets of over ₹81,000 crore as of February 28, 2026.

Published on March 24, 2026

The Reserve Bank of India’s (RBI) policy response to the ongoing energy price shock is likely to be challenging due to multiple trade-offs involving inflation, growth, liquidity and currency stability, according to a report by Emkay Research.

The report highlighted that there is no straightforward policy approach to deal with an energy-driven shock, especially when inflation remains relatively benign but risks are rising due to second-round effects. It stated “RBI’s battle unlikely to be easy, FX and rates trade-offs.” It noted that before the conflict, the RBI’s focus was on improving monetary policy transmission, particularly in the bond market, supported by ample liquidity that kept overnight rates below the policy rate.

However, the current situation has become more complex as rising oil prices are now influencing inflation expectations, growth outlook and financial conditions. While direct pass-through of oil prices remains limited due to managed fuel pricing, indirect effects are becoming more significant.

The report said that the central bank faces a difficult choice between supporting growth and controlling inflation, while also managing currency pressures.The bar for a conventional rate hike remains high given that the shock is supply-driven, but at the same time, the RBI may need to reassess its liquidity stance.It added that the Indian rupee continues to remain under pressure despite consistent foreign exchange interventions, largely through forward markets.

While these interventions have helped stabilise the currency, they have also delayed liquidity tightening. At the same time, the RBI has been supporting bond markets through purchases, keeping yields in check. However, the report noted that a sharp policy response in the form of raising interest rates to defend the currency appears unlikely at this stage.

The report also highlighted that prolonged disruptions in energy supply due to the Iran conflict could significantly impact India’s macroeconomic outlook. It revised its baseline forecast for FY27, assuming an average Brent crude price of $80 per barrel, with higher pressure expected in the first quarter.As a result, GDP growth for FY27 has been trimmed by 0.4 percentage points to 6.6 per cent, while inflation has been revised upward to 4.3 per cent.

The current account deficit (CAD) is also expected to widen to 1.7 per cent of GDP. It added that the final impact on growth, inflation and fiscal position will depend on how the burden of higher oil prices is shared among oil marketing companies, the government and consumers. So the report outlined that the RBI’s policy path will remain complex amid rising external risks, currency pressures and the need to balance growth and inflation concerns.

Published on March 24, 2026

India’s imports of iron ore, a key raw material in steelmaking, ​are set to rise to a
seven-year high in the ⁠fiscal year ending on March 31, driven by
a shortage of high-grade ore and demand from JSW Steel
, analysts and industry executives said.

Overall imports are likely ‌to reach 12 million to 14 million
metric tons in 2025-26, more than doubling from a year earlier,
analysts and trade ‌officials said.

JSW Steel, India’s biggest steelmaker by capacity, was a ‌key
driver ⁠of iron ore imports for its mills in the ⁠western state of
Maharashtra and the southern state of Karnataka, said Lalit
Ladkat, a senior analyst at London-basedconsultancy CRU.

A cargo of BHP’s Jimblebar Fines iron ore is
heading to India ​in a rare sale, driven ‌by discounts on the
product that was banned for sale in China, Reuters reported last
week.

The bulk of India’s iron ore imports in the fiscal year
originated from Brazil and Oman, which together accounted for
about ‌70% of total shipments, Ladkat said.

Iron ore output in ​India, the world’s second-largest crude
steel producer, is expected to reach 305 million tons in the
2025–26 fiscal year, up from ⁠289 million metric tons a year
earlier, according to commodities consultancy BigMint.

But exports of iron ore are expected to reach 29 million
metric tons, up ‌26% from a year earlier, with 85% of shipments
going to China, Ladkat said.

India mainly exports low-grade iron ore that is generally
not used by steel mills in the country, mining officials said.

In the fiscal year that begins on April 1, India’s iron ore
output is expected to rise as mines ramp up production, although
imports may continue depending ‌on grade requirements and
plant-level supply dynamics, said Sumit Jhunjhunwala, vice
president at ICRA Ratings.

IRON ​ORE PELLET IMPORTS SET TO DROP

India, which has been importing cheaper iron ore pellets –
processed or value-added products – from ⁠Iran since last year,
is likely to see volumes decline due to the ⁠conflict in the
Middle East, analysts said.

“Indian pellet imports from Iran could decline amid
heightened geopolitical tensions and associated trade
uncertainties, while ample ‌domestic pellet availability is
likely to constrain import demand,” BigMint said.

From April to February, India imported 1.88 million metric
tons of iron ore ​pellets, up six times from a year earlier.

Published on March 24, 2026