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Functional Foods
Cargill’s edible oil portfolio expands with acquisition of Leonardo Olive Oil

Cargill’s edible oil portfolio expands with acquisition of Leonardo Olive Oil

Global food leader Cargill’s India arm has acquired Dalmia’s olive oil brand Leonardo to expand its consumer brand portfolio and market reach in India. Leonardo is a leading brand in the olive oil segment in

Functional Foods
Danone to pursue legal action against Fonterra over botulism recalls

Danone to pursue legal action against Fonterra over botulism recalls

Danone has decided to terminate contract with Fonterra and pursue a legal action on the issue of supplying contaminated Whey Protein Concentrate. A statement released by Danone informed that Danone is terminating its existing supply

Functional Foods
Nestle Institute of Health Sciences signs pact with human cell supplier for nutrition research

Nestle Institute of Health Sciences signs pact with human cell supplier for nutrition research

The food-giant Nestle’s Institute of Health Sciences (NIHS) has signed a long-term agreement with a US-based Cellular Dynamics International (CDI) for supplying variety of human cells which will be employed in NIHS’s research on maintaining

Functional Foods
Dalda edible oil relaunched in new avatar

Dalda edible oil relaunched in new avatar

Dalda, one of India’s most iconic brands announced relaunch of its cooking oil range in the Indian market. Dalda cooking oil range claims to be zero in cholesterol and contain Vitamins A, D and E

Nokia’s D Shivkumar to lead Pepsico India

PepsiCo announced two key senior management appointments in its Asia, Middle East and Africa (AMEA) division. D. Shivakumar, former Nokia MD in India, has been named Chairman and CEO for Pepsico’s India Region. Appointment of

Gautham Mukkavilli is promoted to SVP, Pepsico AMEA

Pepsico has named Gautham Mukkavilli, current General Manager for PepsiCo India Beverages as Senior Vice President, Business Transformation – AMEA (Asia, Middle East and Africa) effective March 1, 2014. In this new role, Mukkavilli will

Functional Foods
Dabur India board hikes FII investment limit to 30%

Dabur India board hikes FII investment limit to 30%

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

Functional Foods
Ruchi Soya invests in sustainability of soy

Ruchi Soya invests in sustainability of soy

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

Functional Foods
Ruchi board approves purchasing oil refinery

Ruchi board approves purchasing oil refinery

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

Functional Foods
Food Processing industry to touch Rs 4 lakh crore next year: FICCI

Food Processing industry to touch Rs 4 lakh crore next year: FICCI

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