BigBasket in talks to acquire majority stake in Kwik24 start-up company

INDIA - The Indian online grocery and food products provider, BigBasket is eying a majority stake in smart vending machines start-up Kwik24 in an effort to expand its offline grocery business. ET Retail reported that according to people familiar with the matter, BigBasket had earlier launched a pilot program with Kwik24 to deploy smart vending…

Coca-Cola launches its acquired juice brand Rani Float juice in India

INDIA - Coca-Cola is launching Rani Float, its acquired juice brand in India to compete against rivals such as PepsiCo’s Tropicana, Dabur’s Real and Parle Agro’s Frooti, reported ET Retail. Rani Float is one of the brands belonging Aujan Industries’ beverage business in which Coca-Cola has a 50% equity stake. Rani Float has real fruit…

Carlsberg considers Indian Listing to tap growing market for ‘foreign beer’

INDIA- Danish global brewer, Carlsberg Group is planning for local listing for its Indian operations in a bid to grow its market share in the beer business dominated by United Breweries. According to an article by the Bloomberg, Carlsberg may be attracted by the high valuations in the Indian stock market, where United Breweries trades…

Carlsberg India introduces a beer crafted ‘Carlsberg Smooth’

INDIA - Carlsberg India, the global brew company that produces and supplies beer, has announced the launch of Carlsberg Smooth, a premium mild beer made with the finest European Barley for a rich and smooth taste. According to the company, the new brew is a combination of classic and modern portfolio, with superior quality from…

India’s single-use plastics to be eliminated by 2022

INDIA - India will eliminate all single-use plastic in the country by 2022, a pledge that is the most ambitious yet of the global actions to combat plastic pollution that are taking place in 60 nations around the world. The Prime Minister, Narendra Modi, has announced that the move aims to drastically stem the flow…

McDonald’s 15 outlets in the North and East hits record high in sales in May

INDIA - McDonald’s 15 outlets in the North and East have hit a record high in sales for May, high above previous records, according to Connaught Plaza Restaurants(CPRL) MD Vikram Bakshi. This follows a legal battle between McDonald’s and CPRL after McDonald’s India Pvt (MIPL) which runs McDonald’s outlets in north and east India terminated…

India sets goal to eliminate use of single-use plastics by 2020

INDIA - India has pledged to eliminate the use of single—use plastics by 2020 as part of the country’s new strategy to tackle the issue of plastic wastes and plastic pollution. In addition to the commitment which was made on World Environment Day, the country’s prime minister, Narendra Modi unveiled plans to introduce a campaign…

Indian Unilever subsidiary to merge food and refreshments division

INDIA - Hindustan Unilever Ltd (HUL), the Indian subsidiary of Unilever N.V has announced that it will combine its foods and refreshments businesses effective July in order to advance growth in line with global category structure of the parent company Unilever. The combined food and refreshment segment will be headed by Sudhir Sitapati, currently the…

McDonald’s India posts US$45m loss with write-offs in the full year

INDIA - McDonald’s India, the fast food restaurant and company has reported a US$45.50m loss in full year results ended March 2017, following several write-offs in investments in its joint venture with Connaught Plaza Restaurants (CPRL). ET Retail reported that the burger and fries chain is still operating its outlets at a loss in India.…

ABB Technology Ventures invests in Indian food industry start-up

INDIA - ABB Technology, a leading pioneering technology company developing and deploying energy-efficient products and systems, has invested in an Indian food industry start-up, to streamline the dairy supply chain. According to the company, it has invested in Stellapps Technologies through its venture capital unit, ABB Technology Ventures (ATV). Stellapps is India’s first end-to-end dairy…