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HUL Board approves demerger of ice cream business into an independent listed entity

The existing shareholders of HUL will receive shares in the new entity in proportion to their shareholding in HULNew Delhi: FMCG major Hindustan Unilever Ltd. (HUL) on Monday said its board has approved the demerger of the ice cream...

HUL to separate ice cream business, does independent valuation

The ice cream business, which contributes 3 per cent to HUL’s turnover, has a different operating model, including cold chain infrastructure, and a distinct channel landscape, which limits synergies with other businesses of the companyNew Delhi: Hindustan Unilever Ltd...

Softy ice cream mix not dairy produce, attracts 18% GST: AAR

AMRG & Associates senior partner Rajat Mohan, said the ruling emphasised that the product's major ingredient is sugar, not milk solids, making it a processed food preparation rather than a dairy-based product.New Delhi: Softy ice cream mix in vanilla...

Mother Dairy expects 30% demand surge this summer for milk products: MD Manish Bandlish

Currently, the company has nine company-owned dairy processing plants with a total capacity of more than 50 lakh litres per dayNew Delhi: Mother Dairy will launch this summer 30 new products, mainly in ice cream and yoghurt categories, as...

Evaluating various future options for ice cream business in India, says HUL

The company intends to transform itself into a simpler, more focused and higher-performing company by separating the ice cream business, a move expected to result in a loss of 7,500 jobs.New Delhi: Hindustan Unilever on Tuesday said it is...

Scoops of guilt-free happiness: Go Zero

From sugar-free to vegan, the healthy ice cream brand Go Zero let consumers enjoy their favourite scoop with zero guiltBengaluru: The Covid-19 pandemic played a major role in changing consumer habits and making people more conscious about their dietary...

Ice cream brand Go Zero raises $1 million in pre-series A funding

The funding round was led by DSG Consumer Partners, Saama, V3 Ventures and other angel investors Bengaluru: Mumbai-based Ice cream brand Go Zero has secured $1 million in its pre-Series A funding round, the company said in a press release on...

These 5 brands spend the least on advertising

These brands shell out the minimum for traditional advertising and yet manage to make a lasting impact on consumers Bengaluru: Nothing except the mint can make money without advertising goes a quote by the British poet Thomas Babington Macaulay. A...

Dessert brand Scuzo opens 4th outlet in Delhi NCR

The new Scuzo outlet is the company's 12th in Faridabad. The brand plans to open seven new stores next month and 100 outlets across India by 2024New Delhi: Dessert brand Scuzo Ice ‘O’ Magic launched its 12th store in Faridabad, Haryana on...

Dessert brand Scuzo opens 2nd outlet in Andhra Pradesh

Located at Rajahmundry, the new store is its 2nd store in Andhra Pradesh and 11th store pan India  Bengaluru: Dessert brand Scuzo Ice 'O' Magic has launched its second outlet in Andhra Pradesh at Rajahmundry, the company said in a press...
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Haldiram Snack to invest Rs 300 crore in Bihar; will set up manufacturing plant

The manufacturing plant is expected to be operational by mid-2027Patna: Haldiram Snack, a leading player in the packaged food...
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