Rocket Internet-backed food ordering firm Foodpanda will soon dabble in e-commerce deliveries as the firm looks at increasing utilization of its delivery fleet as well as explore multiple revenue channels…READ MORE
KEEP READINGMondelez International Inc, the maker of Oreo cookies and Cadbury chocolates, said it was no longer pursuing the acquisition of Hershey Co, two months after the US chocolate company turned down its $23 billion cash-and-stock bid…READ MORE
KEEP READINGGlobal whiskey — scotch and the American version — that was once considered somewhat old-fashioned, is now becoming popular among millennial drinkers, courtesy rising income, the spirit’s versatility as a cocktail mix, and easy availability through proliferation of restaurants…READ MORE
KEEP READINGHeritage Food offers a proxy play to the growing demand of packaged milk and milk products in the country fuelled by increasing urbanisation. The company has seen sustained financial performance and has bright growth prospects. An expected turnaround in its retail business will be an additional trigger for the stock which has given 80% returns in the last one year…READ MORE
KEEP READINGSnack companies such as Mondelez and PepsiCo may soon find dairy products to be their biggest competitors as health conscious consumers move increasingly towards nutritious foods and diary alternatives changing the very definition of ‘snacks’. India, which is the world’s top milk producer, is the ninth largest market for dairy products, according to a Euromonitor report…READ MORE
KEEP READINGNestle India has announced the launch of NESTLE a+ PRO-GROW. This is the latest addition to the Nestle a+ brand and is said to have 20 per cent higher milk protein, specifically targeting growing children…READ MORE
KEEP READINGThe organic food company major 24 Mantra Organic plans to extend its reach to a million households through one lakh farmers with a total 5 lakh acres under cultivation by 2020…READ MORE
KEEP READINGFood delivery platform Runnr, which was formed after the merger of two of the most high-profile startups of last year, Roadrunnr and TinyOwl, has raised around $7 million from investors, according to three people familiar with the matter. Nexus Venture Partners and Blume Venture Partners have co-led this first round of funding in the newly formed entity…READ MORE
KEEP READINGThe daily food needs of common man, that are hygienically processed nutritious food should attract lower Goods and Services Tax (GST) rates than standard rates to keep the prices affordable, industry body CII said in its representation to the government…READ MORE
KEEP READINGThe recently-concluded monsoon session of the Goa assembly saw the state government introduce the Goa Excise Duty (Amendment) Bill, 2016, which has the provision to impose a fine of Rs 1,000, extendable up to Rs 10,000, on anyone found guilty of drinking in a ‘no alcohol consumption zone’, such as beaches, open spaces and roads. The idea is to curb public nuisances caused by drunken, rowdy behaviour and littering…READ MORE
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