Yakult Danone improves probiotic range with new ‘Yakult light’ drink

INDIA - Yakult Danone has launched a new formulation of its probiotic drink, Yakult light to expand its probiotic range, produced under a joint venture between Yakult Honsha and Danone. The company revealed that the new light range contains less sugar with same Yakult’s probiotic culture, Lactobacillus casei and is sold under Yakult trademark in…

Britannia to add 50 new products, grow regionally by 2020

INDIA - FMCG major Britannia Industries has plans to launch around 50 new products under its existing as well as new categories by the end of the next fiscal as part of efforts to be a total food company, said a top company official. In view of its growth strategy, Britannia will launch dairy products…

PepsiCo open to refranchising across the World: CEO

INDIA - Beverage and snacks maker PepsiCo's chief executive Indra Nooyi said Tuesday in a post-earnings investors call that wherever the company ‘finds a good bottler which can run the business better than PepsiCo, the company will refranchise’. She was responding to an analyst query on whether the company would refranchise its bottling operations further…

Arjuna implements sustainable approach in nitric-oxide booster production

INDIA - Arjuna Natural Ltd has implemented a sustainable approach to nitric oxide booster; Amaranthus extract production as demand for boosting nitric oxide levels rise among consumers. Arjuna produces OxyStorm, a standardized nitrate extracted from red spinach (Amaranthus dubius) that is highly sort after in the US and Europe. This natural source is sugar free…

RJ Corp keen to acquire more of PepsiCo India’s bottling operations

INDIA - Ravi Jaipuria, the promoter of RJ Corp, is keen to acquire PepsiCo’s bottling operations in India that his group doesn’t already own. “Whether PepsiCo wants to give us more is a call they have to take. We are keen. But it depends on them,” Jaipuria, promoter of the $1.6-billion diversified RJ Corp, said…

India doubles budget allocation for food processing sector

INDIA - To ensure better returns to farmers, the government today doubled budget allocation to the food processing ministry to Rs 1,400 crore (US$218.4 million) for 2018-19 fiscal and set up institutions to finance agro-processing projects. To encourage each district to focus on cultivation of specific crops, the government will re-orient current schemes and promote…

Alibaba leads $300 million funding for Indian online grocer Bigbasket

INDIA - Alibaba Group Holding Ltd led a $300 million investment into India’s biggest online grocer Bigbasket, signalling that the region’s segment is firing up. Hari Menon, Bigbasket’s co-founder and chief executive officer, said the investment values the company at $950 million—just $50 million under the $1 billion valuation that would have earned it tech…