Diageo India, the maker of alcoholic beverages for leading brands, has announced a major leadership transition with Praveen Someshwar taking over as managing director and CEO from Hina Nagarajan ...

"Looking ahead, we remain cautiously optimistic in the short-term...," said CEO Hina Nagarajan. Her comments come as urban consumption in the world's most populous country shows signs of slowing.

India's spirits market experienced slower growth due to higher liquor taxes and inflationary pressures. Premium brands drove ...