GlaxoSmithKline plc (GSK) has reached an agreement with Novartis for the buyout of Novartis’ 36.5 per cent stake in their Consumer Healthcare Joint Venture for $13 billion. GSK is initiating a strategic review of
Ajinomoto Co. Inc. is planning to tap social and digital media to create awareness about safe consumption of its popular monosodium glutamate (MSG) seasoning product aji-no-moto in India. Through the social media, the company
Arjuna Natural Ltd. launches Shoden, its high-potency, all-natural ashwagandha extract, at Vitafoods, Geneva. This plant has been extensively used in India for centuries to reduce symptoms of anxiety and stress. Arjuna has invested in several
India’s leading impact investor Aavishkaar, part of the Aavishkaar-Intellecap Group, invested Rs 35 crore into packaged foods startup Kottaram Agro Foods that markets products under the brand ‘Soulfull’. Founded in 2011, Kottaram Agro Foods works
The Good Life Company (TGL Co.), a luxury tea startup, is planning to venture into the coffee segment due to the evolving consumer preference. The 15 month old Indian startup has expanded rapidly in
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
Cargill has started the production of a new sweetener called EverSweet, a zero-calorie sweetener made from two compounds found within the stevia leaf. EverSweet is targeted at soft drinks producers who want to create
Unilever Ventures-backed grocery delivery platform Milkbasket aims to touch a revenue run rate of Rs 200 crore by the next fiscal. The company, which was founded in 2015 and currently operates in Gurugram, competes with
The company has developed a customised Internet of Things-based tea-making machine, ’Chai Monk’ Chaayos, the tea-centred cafe chain, is expanding by opening around 300 outlets in the next five years. It is planning to launch
None of us likes to spend time in hospitals, what if there was a quicker way to heal and get back to our daily routines. NutriParadise a nutraceutical start up out of Bengaluru has got