The chocolate and cocoa products company Hershey has been sued in the United States for selling products containing harmful levels of metal, according to a media report. As per media report, Christopher Lazazzaro’s lawsuit claims that the company misled consumers by failing to disclose the amounts of lead and cadmium in three of its dark […]
G Kamala Vardhana Rao has taken over as CEO of the food regulator FSSAI. Rao, an IAS officer, took over as CEO of the Food Safety and Standards Authority of India (FSSAI) on Thursday, according to a statement. On 26 December, the Personnel Ministry issued an order. Rao was appointed CEO of FSSAI. The FSSAl […]
BigBasket, a Tata group-owned grocery unicorn, has started testing its large format supermarket mode in Hyderabad. Earlier the company began testing its offline retail model with tech-driven, self-serviced fruits and vegetables outlets in Bangalore last year. On Wednesday, the digital first startup opened its first full-fledged supermart in the country in Hyderabad’s IT corridor, with […]
Commerce and Industry Minister Piyush Goyal stated that India expects to trade with Australia for USD 50 billion over the next five years. He also stated that the government has discussed promoting sports, upgrading sports facilities in India, and the wine industry, in addition to the traditional sectors, at an event in Mumbai to mark […]
The government on Thursday said that the food processing industry has invested Rs 4,900 crore so far under the production-linked incentive (PLI) scheme. The PLI scheme for the food processing industry was approved in March 2021, with a budget outlay of Rs 10,900 crore. It will be implemented for seven years, until 2026-27. “A total […]
Tata Consumer Products Ltd (TCPL) announced on Thursday that it has acquired 23.3 per cent more shares in South Africa-based Joekels Tea Packers through a step-down subsidiary for Rs 43.65 crore. Tata Consumer Products Overseas Holdings Ltd (TCP Overseas), a step-down wholly-owned subsidiary of Tata Consumer Products UK Group, “has decided to purchase 23.3 per […]
Reliance Retail Ventures, a subsidiary of Reliance Industries Limited (RIL), has signed an agreement to acquire a controlling stake in the BSE-listed Lotus Chocolate. Reliance Retail division – Reliance Consumer Products will acquire a 51 per cent stake in the confectionery maker from the promoter and promoter group entities, and will make an open offer […]
Union Commerce Minister Piyush Goyal stated on Thursday that at least two more free trade agreements will be signed in 2023. Negotiations are scheduled with the United Kingdom, the European Union, and Canada, Goyal said at an event here, adding that his ministry lacks the bandwidth to respond to requests from smaller trading partners such […]
JK Lakshmi Cement, one of India’s leading cement manufacturers, flagged today announced its tie up with GreenLine, a pioneer in green and smart logistics in India, for the introduction of LNG fueled heavy trucks in its logistics. With this association, GreenLine will enable JK Lakshmi Cement to decarbonize its road logistics operations in a phased […]
The Central Bureau of Investigation (CBI) has sought to broaden the scope of its ongoing investigation into the ICICI Bank-Videocon Group loan sanctioning case on Wednesday. It has proposed to investigate the roles of “unknown public servants” and other individuals while seeking additional custody of the bank’s former CEO Chanda Kochhar, her husband Deepak and […]
