Walmart nears close of majority stake deal in India’s Flipkart

USA - Walmart, the American multinational retail corporation is likely to close a deal to acquire majority stake in the Indian ecommerce company, Flipkart by June in what ET Retail reports could be the biggest acquisition of an online business by the retailer. Walmart is stepping up its online business against Amazon, which Bloomberg reports…

PepsiCo to reduce sodium content in snacks in India

INDIA- PepsiCo will reduce salt content in Kurkure, its flagship snacks brand, in line with its global nutrition objectives. The first low-salt Kurkure packs have been recently rolled out, PepsiCo VP (snacks) Jagrut Kotecha said. “As per our performance with purpose agenda, we are working to improve our snack products through a stepwise reduction approach. In…

Hershey India appoints new Managing Director

INDIA- Confectionery and chocolate manufacturer Hershey Indiahas appointed Herjit S. Bhalla as the company’s new managing director, the company said in a statement. Bhalla brings extensive experience in building consumer, food and retail brands having spent more than 16 years in various sales and marketing, management roles at Unileverin India, Russia, Ukraine, and Belarus. In…

Amul Dairy MD resigns, board refutes corruption allegation

INDIA- The managing-director of Anand-based Kaira District Co-operative Milk Producers Union Limited, popularly called Amul Dairy, has resigned and his resignation was accepted in a board meeting yesterday, the milk cooperative's chairman Ramsinh Parmar said. While K Rathnam's resignation comes amidst allegations of a Rs 450-crore corruption in allocation of tenders and recruitment at the…

India wheat production to hit 100million tonnes target

ASIA - India’s wheat production is predicted to hit target of 100million tonnes this year given conducive climatic conditions witnessed especially during the grain ripening period. Farmers and scientists attributed the increase to favorable climatic conditions, availability of water, isolated cases of pest infestations in major wheat growing estates in the country, according to Blackseagrain…

Starbucks keen to go beyond coffee into food in India

INDIA - India has become the largest market in Asia in terms of food sales for Starbucks, the world’s biggest coffee retailer, its chief executive officer said. Tata Starbucks, the 50:50 joint venture between Starbucks Coffee Company and Tata Global Beverages in India, wants to increase its food play in the country by micro-localising cuisines,…

Walmart-Flipkart deal set to boost infrastructure in India’s food market

INDIA - The proposed Walmart-Flipkart combine plans to make an aggressive play in the food sector with a substantial chunk of the Bentonville retailer’s investment in the Indian market place being earmarked to build back-end food and grocery infrastructure in a bid to gain pole position in India’s online and offline food retail markets. Walmart…

AB InBev sees a ‘tippling’ point, to debut new products in India

INDIA - Anheuser-Busch In-Bev plans to introduce global lager brand Beck’s in India and relaunch others in an attempt to ramp up investment in the country, which it expects could become the largest beer-consuming market in the world. The company’s shipments in India increased at a double-digit rate, putting it among the fastest-growing territories for…