Dabur India’s board of directors has approved increasing the investment limit for Foreign Institutional Investors (FIIs) from 24% to 30%."Currently, FIIs hold around 21% shares of the company, which is likely to exceed 24% very
India’s largest Soy processing Company, Ruchi Soya Industries announced Sustainability Verification Programme at Food Ingredients Europe (FiE) 2013. Ruchi Soya and its European marketing company RF Solutions, have teamed up with ProTerra Foundation and Solidaridad
Ruchi Soya Industries has registered 11.51% growth in net sales in the second quarter ended on 30 September, 2013. The company’s net profit stood at Rs 2.58 Crore for the quarter. Net sales of the
India’s food processing industry is expected to reach Rs 4 lakh crore mark by next fiscal, a Federation of Indian Chambers of Commerce and Industry (FICCI) and KPMG study on the industry says. It will
Tata Global Beverages Limited (TGBL) announced that Ireena Vittal has been appointed as Non Executive Independent Director on the board of TGBL with effect from October 22, 2013.Ms Vittal, a former partner with McKinsey &
The Health Supplements business grew by around 17% while Foods business reported 22% growth. The Skin Care business grew by over 17% while the Shampoo business reported an over 13% growth. Strong demand from the
Netscribes, Inc. has launched a report on the Juice Market in India 2013 covering a market with strong growth potential. It is a part of Netscribes’ Food and Beverage Industry Series. Increased health consciousness, coupled
FMCG Company, Parle Agro takes a revolutionary leap in the food and beverage industry. The company had launched India’s first Coffee Rush – Café Cuba. With this launch, Parle Agro marks its re-entry into the
PepsiCo, a global food and beverage leader has appointment of Sanjeev Chadha to the position of Chief Executive Officer, Asia, Middle East and Africa (AMEA), which covers a geography comprising more than two-thirds of the
GlaxoSmithKline’s (GSK) UK arm has agreed to sell its nutritional drinks brands Lucozade and Ribena to Suntory Beverage & Food (SBF), the Japanese consumer goods company for £1.35 billion. The transaction is likely to be