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Corporate Intelligence Brief · Wednesday, 26 August 2026

Varun Beverages, maker of India's Pepsi, is entering the alcohol business

Edition No. 6 · 19 min read

The Rs. 21,685 crore bottler has created Kiva Spirits & hired a Diageo veteran to run it. Amusement parks climbed fastest up the momentum rankings this month, with Wonderla's quarterly profit up 38.5%. & with Brent at $86.80 after Iran resumed talks with Oman, the India 10-year bond yield has eased to 6.85%.

Snapshot · Commodities, Rates & Macro

ItemLevelMoveOne-line note
Gold~$4,650/oz · MCX Rs. 1,63,172/10gSofterProfit-booking as war risk eases; gold is itself a sanctioned Iran sector
Silver~$68.4/oz · MCX Rs. 2,42,601/kgSofterEased alongside gold on Tuesday
Brent crude$86.80-2.0%Iran-Oman talks on reopening Hormuz; roughly 7% two-day slide
US 10-year Treasury4.63%-8 bpYields retreated broadly; 30-year at 5.20%
India 10-year G-sec6.85%-2 bpEased as crude slipped; central-bank minutes hint at a possible hike
Macro announcedNone (last 24 hrs)Next: Q1 FY27 GDP on Monday 31 August
Copper ($/t, LME)$14,684+1.3% 1wLME, US dollars a tonne
Aluminium ($/t, LME)$3,244+0.4% 1wLME, US dollars a tonne
US 30-yr yield (%)5.20%-3 bp 1d30-year government bond yield

Company News & Developments

Varun Beverages walks into the liquor aisle with an ex-Diageo hand

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