South Africa based Naspers plans further investment in Swiggy

INDIA - Naspers Ltd., Africa’s largest company by market value has indicated that it plans to further invest in the Indian food delivery business, Swiggy through its third fund-raising round of the year. According to a Bloomberg report, the funding will increase Naspers’ stake in Swiggy which is planning to raise US$600 million, its biggest…

FSSAI wants calorie count on restaurant menu to promote healthy habits

INDIA - The Food Safety and Standards Authority of India has called on restaurants to voluntarily indicate calorie counts on menus to promote healthy diets and lifestyles in the country, reported ET Retail. The food regulator has also asked the e-commerce and retail companies to promote healthy options such as fortified foods on their landing…

Standards body launches ‘Eat Right Movement’ to promote healthier FMCG foods

INDIA - The Food Safety and Standards Authority of India (FSSAI) is launching the ‘Eat Right Movement’ in a new strategy to promote production of healthier FMCG food products in the industry. This is an attempt to getting the food industry on board for implementation of draft food labelling regulation in attempt to protect and…

Kroger announces US$17m investment in Northern Kentucky Distribution Center

USA – Kroger, an American retailing company, has announced a US$17 million investment in its distribution center on Mt. Zion Road in Florence, Kentucky located in Boone County, which will ramp up production at the facility and create 250 new jobs. According to the company, the 674,000-square-foot ambient distribution center currently employs 80 associates. It…