The Competition Commission of India (CCI) on Tuesday approved the acquisition of certain equity share capital of LT Foods Limited by SALIC International Investment Corporation (SIIC) under the relevant section of the Competition Act, 2002. SIIC is an unlisted limited liability company based in Riyadh. It is fully owned and controlled by Saudi Agricultural and […]
Subway, one of the world’s largest restaurant brands, announced on Tuesday that its shareholders are exploring a possible sale of the company. “There is no indication of timing or assurance that a sale will occur. J.P. Morgan is advising the company and will conduct the sale exploration process,” it said in a statement. The company […]
Hershey India, a subsidiary of The Hershey Company, a leading global snacking and confectionery company and the largest producer of quality chocolates in North America, kicked off an integrated 360-degree Valentine’s Day campaign inviting and enabling consumers to express their love with its #YourForevers campaign. The multi-platform integrated campaign celebrates love in multiple ways with […]
Zomato, a food-delivery and restaurant discovery network, announced its withdrawal from around 225 smaller cities last month in its December quarter results report. “Recently, in the month of January, we have exited around 225 smaller cities which contributed 0.3 per cent of our GOV (gross order value) in Q3FY23 (October-December),” Zomato chief financial officer Akshant […]
PepsiCo, said on Thursday that its Indian unit achieved “double-digit organic sales growth” in 2022. PepsiCo noted in its earnings report that it had gained market share in beverage and savoury snack markets, including India. PepsiCo’s net sales in the Africa, Middle East, and South Asia (AMESA) business, which includes India, increased 5.9 percent to […]
Tata Consumer Products launches Tata Tea Premium Street Chais of India, a range of chais celebrating the unique flavoured teas inspired by the streets of India. The core concept of the carefully curated tea range is to bring alive the flavour of teas that one gets at the chaiwalas and the experience that comes with […]
India’s food service market is growing at a CAGR rate of 11.19 per cent, and if you look at chain QSRs, the highest growing segment is at 23 per cent CAGR. The deep penetration of large MNC brands like Macdonald, Domino, and KFC can majorly drive this. But home-grown brands have also taken an aggressive […]
Palate Fest 2023, the original and largest culinary festival in the Indian subcontinent, was hosted on the 4th and 5th of February 2023 in partnership with Mirchi Live. The two-day food festival was designed to satisfy discriminating palates of all ages with a variety of gastronomical delights. The new venue was selected at Aerocity, to […]
Food Corporation of India offered 22.0 lakh tonne of wheat out of 25 lakh tonne earmarked in the first e-auction through the open market sale that took place during Wednesday-Thursday. Of which, a quantity of 9.2 lakh tonne was sold across the country, according to a government release on Friday. In the e-auction, more than […]
Anand Milk Union Limited (AMUL) aims to double the income of farmers in the next four years by producing a dairy herd which is genetically superior and proven, and fit to produce double the quantity of milk at the same cost. Amit Vyas, Managing Director of Amul Dairy, said that they are improving breeds of […]
