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Allied Industry
Fazer Mills develops new baking enzyme

Fazer Mills develops new baking enzyme

Finnish food company Fazer Mills has come out with a new baking enzyme which enables manufacturers to produce low-FODMAP versions of wheat and rye breads.   The new LOFO enzyme is derived from the fructanase

Allied Industry
Zomato buys TongueStun Food for $18M

Zomato buys TongueStun Food for $18M

Zomato has recently acquired a Bengaluru based startup TongueStun Food in a deal worth $18 million. TongueStun has over 1,000 curated food partners along with 1,500 companies on its platform in six cities including Bengaluru,

Allied Industry
ITC to introduce milk-based beverages

ITC to introduce milk-based beverages

ITC is planning to launch ready-to-drink, milk-based beverages that will compete with the likes of Coca-Cola, Amul and Britannia in October.   The new product range, Sunfeast Wonderz, will be launched first in the southern

Allied Industry
LT Foods raises fresh funding of Rs 140 Cr

LT Foods raises fresh funding of Rs 140 Cr

LT Foods Ltd, best known for its packaged rice brand Daawat, is raising Rs 140 crore in fresh funding from existing investor Rabo Equity Advisors for its wholly-owned unit Nature Big Foods Ltd.   Rabo

Allied Industry
Mother Dairy attains Rs 600 cr sales from cow milk division

Mother Dairy attains Rs 600 cr sales from cow milk division

Mother Dairy has now decided to add ’cow milk curd’ in its product portfolio. As it has generated healthy sales revenue from cow milk which is introduced in mid-2016.   The company achieved Rs 600

Allied Industry
TUV India Bagged ’Best Company Culture’ Award

TUV India Bagged ’Best Company Culture’ Award

TUV India Pvt. Ltd. part of TÜV NORD GROUP was awarded in ’Best Company Culture’ category at Employee Engagement & Experience Summit & Awards 2018.   The event was conceptualized and organized by ’Transformance Business

Allied Industry
TGBL juggles operations to focus on core business

TGBL juggles operations to focus on core business

Tata Global Beverages (TGBL) has moved some of its operations such as global information systems, HR, finance and commercial in various regions including India, the UK and US, Canada and Australia to the managed services

Allied Industry
Gemini Edibles to invest Rs 750 Cr for setting new units

Gemini Edibles to invest Rs 750 Cr for setting new units

Hyderabad based Gemini Edibles and Fats India (GEF), a refined sunflower oil company with a turnover of Rs 4,000 crore, is planning to spend about Rs 750 crore to set up two processing units in

Allied Industry
Coca-Cola to acquire UK coffee chain Costa for £3.9B

Coca-Cola to acquire UK coffee chain Costa for £3.9B

The Coca-Cola Company has bought British coffee chain Costa from Whitbread in a deal worth £3.9 billion.   Costa’s operations include nearly 4,000 retail outlets, its Costa Express vending operation, for-home coffee formats and a

Allied Industry
Nestle to develop tea based fertilizer

Nestle to develop tea based fertilizer

Nestlé has launched a new scheme in Pakistan which aims to develop a zero-waste, tea-based fertiliser, and is looking for partners to help create the new product.   Nestlé EveryDay, one of the biggest tea