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Restaurant Brands International sees profit surge in Q1 2024
Restaurant Brands International (RBI), a multinational fast food corporation, has reported a net income attributable to common shareholders of $230 million for the first...
DFM Foods diversifies product range with larger pack sizes, targets premiumization strategy for growth
DFM Foods, known for its popular salty snacks brands Crax and Natkhat, has expanded its product range beyond INR 5 packs for the first...
Zomato faces fresh GST penalty: Delhi Tax Authorities demand INR 2.22 Crore
Zomato, a leading player in the foodtech sector, has received a fresh penalty notice for Goods and Services Tax (GST) from Delhi's sales tax...
Go DESi secures INR 41 Crore funding led by Aavishkaar Capital
Go DESi, a burgeoning startup specializing in packaged Indian delicacies and sweets, has secured INR 41 crore (around $4.9 million) in a funding round...
KFC parent Yum Brands reports decline in global same-store sales for Q1
Yum Brands saw a decline in quarterly global same-store sales, attributed to fluctuating demand for its KFC and Pizza Hut brands among inflation-wary consumers...
Centre directs statewide spice quality testing post MDH and Everest controversy
After the recent controversy over food spices exported by India, the central government has directed all state administrations to conduct quality testing on spices.Earlier,...
Nuvama adjusts IndiaMART’s PT downward by 5% to INR 2,650 amid subdued subscriber growth
Nuvama Institutional Equities has adjusted the 12-month price target (PT) for IndiaMart InterMESH downward by 5% to INR 2,650 from its previous INR 2,800,...
Fortune Hotels charts course for rapid expansion, targets new hotel every month in FY25
Fortune Hotels, under the umbrella of ITC's hotel group, is gearing up to launch a new hotel every month in the ongoing financial year,...
Indian alcobev sector set to reach $64 Billion by 2030: ISWAI
The substantial rise in the disposable incomes of Indians has spurred significant growth in the alcobev sector within the country. According to the International...
Walmart launches store-label food brand ‘Bettergoods’ to attract younger shoppers
Walmart is introducing its largest store-label food brand in two decades, offering a wide range of items. This move aims to attract younger customers...
Fast-fashion giant Shein plans to diversify: Now eyeing skincare, toothpaste, and toys!
In a bid to expand its product range and appeal, online fast-fashion retailer Shein is actively courting brands like toothpaste conglomerate Colgate-Palmolive and toymaker...
Simply Good Foods to acquire plant-based protein shake brand OWYN in $280 Million deal
The Simply Good Foods Company has finalized a deal to acquire the plant-based ready-to-drink protein shake brand, Only What You Need (OWYN).OWYN, a nutrition...