Food service brands such as McDonald’s, Domino’s, Pizza Hut and KFC may be grappling with a discretionary slowdown, but these chains have been responsible for pushing growth in the domestic organised restaurant market, a just-released report by financial services firm Avendus Capital says…READ MORE
KEEP READINGEmami Ltd on Wednesday reported 20 per cent growth in sales at Rs 644 crore for the first quarter ending June 30, 2016 while net profit was down by 34 per cent at Rs 56.65 crore due to Rs 60 crore impact of amortisation of Kesh King intangibles which the company had acquired last year…READ MORE
KEEP READINGFMCG conglomerate CavinKare on Wednesday announced the national foray of the shampoo variant of the herbal hair care brand, Karthika…READ MORE
KEEP READINGYoga guru Ramdev’s Patanjali Ayurved has alleged that MNCs are plotting against its products. On Monday, the government had told the Lok Sabha that 33 complaints against Patanjali’s advertisements were received between April 2015 and July 2016…READ MORE
KEEP READINGWal-Mart Stores Inc is in talks to buy Jet.com, a year-old online rival, as part of a multibillion-dollar revamp of its e-commerce division aimed at boosting online sales growth. The talks were reported by the Wall Street Journal on Wednesday, which said Jet.com could be worth as much as $3 billion, citing people familiar with the matter…READ MORE
KEEP READINGIndia’s food regulator has increased the number of scientific panels that inform it, and boosted the frequency of their meetings in the wake of the Maggi instant noodles controversy that hit the packaged food industry last year…READ MORE
KEEP READINGIndia’s food service industry must face up to a variety of issues from multiple taxation to limited foreign exchange benefits if it is to capitalise on its position as India’s third-biggest service industry, according to a report commissioned by its representative body…READ MORE
KEEP READINGWith the recent fund crunch and intense competition, food tech companies are looking for customers in unlikely places. In a recent report on the restaurant industry by Avendus Capital, food tech companies like Yumist (central kitchen, which operates in Delhi NCR and Bengaluru), Bite Club (Delhi NCR based aggregator of professional chefs) and InnerChef (provides meal/recipe box in seven cities) are eyeing institutional customers…READ MORE
KEEP READINGCouponDunia Media Pvt. Ltd., a Times Internet Venture, has announced the launch of a first-of-its-kind Premium Lifestyle Card named as “Quirk Card” (www.LeQuirk.com). The ‘Quirk Card’ has been specifically designed to cater to the lifestyle needs of the urban city dweller and offers exceptional Restaurant Privileges…READ MORE
KEEP READINGDabur, the fast moving consumer goods entity, is reviewing the competition in the branded ayurvedic and natural products space…READ MORE
KEEP READING