INDIA - Parag MilkFoods on Thursday said it will acquire French food giant Danone’s Indian manufacturing facility for Rs 30 crore (US$4.53 million) The facility at Rai in Haryana’s Sonepat area produces curd, yogurt among other dairy productsand the acquisition is aimed at expanding Parag's presence in the northern part of the country. "North market contributes…
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…
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…
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…
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…
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…
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,…
INDIA - The maker of Bira 91, a popular Indian craft beer with bottles sporting sketches of a quirky monkey with a punk hairdo, is aiming to list itself in the next three to five years, its chief executive told Reuters. B9 Beverages, founded and led by New Delhi-based entrepreneur Ankur Jain, has quietly snagged…
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…
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…
