Biscuit maker Mrs Bectors Food Specialities has filed draft papers with markets regulator Sebi to raise an estimated Rs 800 crore through an initial public offering. The IPO will see sale of shares to
Fair trade regulator Competition Commission has approved the acquisition of Ruchi Soya by Adani Wilmar. Adani Wilmar had emerged as the highest bidder (H1) with an offer of about Rs 60 billion for
The Indian fertiliser cooperative IFFCO has joined hands with Spanish firm Congelados De Navarra to set up a Rs 325 crore greenfield food processing unit in Ludhiana district in Punjab. The $220 million Spanish
A group of top global retailers and food companies have been working with IBM on testing blockchain technology to improve traceability in their supply chains. The companies include Nestlé, Unilever, and Walmart. Now CIO Journal
Online food delivery platform Zomato has announced its expansion of operations to seven cities including Dehradun, Agra, Patna, Mysore, Ranchi, Raipur and Aurangabad, making its presence stronger in tier II cities. “We’re heads down focused
If you’ve been around the beverage block or even just perused the drink section of your local health food store, you’ve probably come across the seemingly mysterious beverage called Kombucha. It might seem like a
GlaxoSmithKline Consumer Healthcare Limited has declared its financial results for the first quarter ended June 30, 2018. The comparable* Revenue for the company recorded a growth of 16.4%. The quarter reported revenue of Rs. 1107
New Zealand dairy giant Fonterra has announced a joint venture (JV) partnership with one of India’s largest consumer companies, Future Consumer Ltd, to produce a range of consumer and foodservice dairy products that will help
Indian poultry company Srinivasa Farms is being lined up for backing from The International Finance Corporation (IFC), the investment arm of the World Bank. IFC, an investment arm of the World Bank, has proposed
Sugar mills in Maharashtra, which has seen a glut in production, owe Rs 593 crore to farmers, an official has said. The state government is making efforts to persuade the sugar mills to clear the