China, India will be bigger than US, EU by 2030: OECD

The world’s largest spirits maker Diageo has finally entered India, the world’s largest market for whisky, by agreeing to buy 53.4% stake in Vijay Mallya’s United Spirits for R11,166 crore ($2.1 billion). Though Mallya will lose control over the company once the transaction is complete, he will remain its chairman.

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