Jack Ma has fueled speculation about his upcoming ventures by initiating a new project, “Hangzhou Ma’s Kitchen Food,” marking his return to business activities following a period of reduced visibility amid a government crackdown on his companies, Alibaba and Ant Group. With an initial capital of 10 million yuan ($1.4 million), the company is registered […]
Coca-Cola India announced its entry into the ready-to-drink tea market by introducing ‘Honest Tea.’ The brand falls under Honest, a Coca-Cola Company subsidiary. The organic green tea component will be supplied by Luxmi Tea Co Private Ltd’s Makaibari Tea Estate in Kolkata, as per the memorandum of understanding signed during the seventh edition of the […]
As the world celebrate’s National Espresso Day, it is time to take a flavourful journey into India’s burgeoning coffee culture. In 2022, India embraced the rich aroma and bold taste of coffee with gusto, consuming a staggering 1.21 million 60-kilogram bags of coffee. Fast forward to the financial year 2022-2023, and the country elevated its […]
During the ongoing ICC World Cup Finale match between India and Australia on Sunday, quick-commerce platforms Zepto and Blinkit said that they were on course to record their highest daily sales, with a notable surge in orders for the Indian jersey. Swiggy reported that pizzas and burgers dominated the most-ordered items on its food delivery […]
McDonald’s has lost a three-year trademark dispute against Hungry Jack’s over the sale of “Big Jack” burgers. The legal battle began in 2020 when McDonald’s claimed that Hungry Jack’s Big Jack and Mega Jack burgers violated the Big Mac trademark. However, the federal court, on Thursday, dismissed the allegations, stating that neither burger brand was […]
The prices of various basmati paddy varieties are currently experiencing an upswing compared to last year, thanks to the Centre government’s recent decision to reduce the minimum export price (MEP) of basmati rice to USD 950 per tonne. This move has significantly bolstered the export prospects for aromatic rice. In the Karnal mandi, located in […]
Bikaji Foods International, a manufacturer of ethnic snacks, reported a 46 per cent year-on-year (YoY) increase in profit after tax (PAT) to Rs 59.8 crore for the quarter ending 30 September 2023, compared to PAT of Rs 40.9 crore in the same period of the previous fiscal, according to a regulatory filing. The company’s revenue […]
The company attributed the rise in profit after tax to increased revenue from operations and improved margins. Profit before tax reached Rs 666.92 crore in the September 2023 quarter, marking a substantial 30.47 per cent increase compared to Rs 511.18 crore in the same quarter of the previous year. During Q3 CY23, total sales volumes […]
The food delivery app Zomato on Friday reported a net profit of Rs 36 crore for the quarter gone by, compared to the loss of Rs 251 crore the previous year in the same quarter. The company’s consolidated revenue from operations for the quarter ended also increased to Rs 2,848 crore, compared to Rs 1,661 […]
Hindustan Coca-Cola Beverages (HCCB), the bottling arm of Coca-Cola in India, witnessed a significant upturn in its financial performance for the fiscal year 2023. Data accessed from the business intelligence platform Tofler revealed that HCCB’s net profit more than doubled, soaring to Rs 809.32 crore for FY23. This impressive result followed a 41.51 per cent […]
