Shares of liquor makers like United Spirits, United Breweries, and Tilaknagar Industries rose sharply after Karnataka Budget 2026 proposed a major overhaul of the state’s excise system, including tax rates based on actual alcohol content and deregulation of pricing. CM Siddaramaiah, presenting the state Budget, also announced that the government will no longer fix liquor prices.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets