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Snowman Logistics boosts capacity, ties up with food support giant COMPASS

Snowman Logistics Ltd, one of the largest integrated temperature controlled logistics service providers in India, is adding 4,500 pallets at the Taloja warehouse situated in Panvel district in Mumbai. With this capacity addition, the total installed capacity tallies to...

Top 5 cheese brands hold less than 10% of global market

The global cheese market is growing strongly, driven by emerging countries such as Brazil, where cheese consumption is expected to triple in less than a decade. However, the top five global brands hold less than 10% of the market....

Heineken boosts UBL stake with Diageo share acquisition

Dutch beer giant Heineken NV has boosted its stake in United Breweries Ltd (UBL), with the acquisition of Diageo-controlled United Spirits Ltd's 3.2 per cent share in UBL for USD138 million (Rs 872 crore). With this buyout, Heineken's stake...

VeggyKart to raise USD4 mn in Series A funding

Two-month-old fresh produce marketplace startup Veggykart is in advanced talks to raise Series A funding of USD 4 million (approx Rs 24 crore) from three investors. “We are expecting to close the Series A funding by the end of this...

The Kraft Heinz Company announces completion of Kraft and Heinz merger

The Kraft Heinz Company has announced the completion of merger between Kraft and Heinz. According to a press release issued by the company, the transaction creates the third-largest food and beverage company in North America and the fifth-largest food...

After Singapore, UK watchdog too clears Maggi after tests

The Food Standards Authority (FSA) in the UK has confirmed that results from testing samples of Maggi Noodles in the UK have all found that levels of lead in the product is well within EU permissible levels and would...

Al Rajwani takes over from Shantanu Khosla as P&G India MD and CEO

Proctor & Gamble, one of the largest consumer goods companies in India, which has a brandwidth of diverse products from beauty to health to home and beyond has named the 55-year-old US citizen of Indian origin, Al Rajwani, as...

Healthy wheat flour brand Jiwa to expand offline retail distribution

Speciality wheat flour brand Jiwa plans to expand its offline retail presence by retailing its products in general trade stores (pop-and-mom stores) and speciality gourmet stores, by August. Speaking to Indiaretailing, Raghav Gupta, founder of Jiwa reveals, "Up until now,...

ITC foods business crosses USD 1 bn mark, is third largest food co in India

With sales of Rs 6,411.27 crore, or about $1.01 billion by the end of fiscal 2014- 2015, Kolkata-based conglomerate ITC's branded packaged foods business is now the third-largest listed food company in India, following Nestle and Britannia. Launched in 2001...

Packaged wheat flour category witnessing double -digit growth: IKON

The packaged wheat flour market in India is growing at a CAGR of 19% over the past three years and may likely to be double the current size by end of this decade, according to IKON Marketing Consultant’s latest...

The big speciality food consumption opportunity: Gluten-free

Gluten-free food consumption is one of the fastest growing trends across the world, with many health-conscious consumers consciously choosing a gluten-free lifestyle. In the US, the gluten-free product market was pegged at $10.5 billion in 2013, predicted to rise...

Food Importers see light at the end of FSSAI tunnel

Food safety has suddenly become a focal point of conversation among the government, media and consumers, thanks to the Maggi controversy. While the government is mulling about bringing in stricter measures to make the matter of food safety above...

After Grofers, PepperTap to target tier II cities

After making their presence felt in the metro cities, hyperlocal grocery delivery startups are eyeing tier II cities as the next battlegrounds. Early this month, on-demand hyperlocal startup Grofers expanded to tier II markets with the launch of services in...

BigBasket expects contribution from PLs to touch 50% by year end

As the food & grocery retail business in India moves towards greater maturity, online grocers are increasingly investing in private labels, in order to expand their portfolio for higher margins and enhance brand loyalty with customers. E-grocers like BigBasket, LocalBanya,...

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‘Gender Gap in the Business Correspondent Industry: Evidence from the Field’ by PayNearby & Grameen Foundation

The report highlights opportunities and barriers women encounter as they work towards financial independence through their business correspondents (BC)...
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