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Rising inflation and shifting consumer preferences drive major brands to prioritize premium products over mass market offerings
The allure of the 'bottom of the pyramid' appears to be waning for major consumer goods manufacturers. Over the past two years, they've introduced...
Varun Beverages completes acquisition of South African bottler BevCo
Varun Beverages Ltd, the largest franchise bottler for PepsiCo, has announced the successful completion of its acquisition of the South Africa-based Beverage Company (BevCo)...
Pure veg fleet decision based on survey data, surprised by uproar: Zomato CEO
Several days after Zomato announced its plans to introduce a 'pure veg fleet,' sparking controversy online, the foodtech giant's co-founder and CEO, Deepinder Goyal,...
ICICI Securities raises Zomato’s price target to INR 300, citing strong growth and profitability metrics
ICICI Securities, the brokerage firm, has maintained its 'BUY' recommendation for the foodtech giant Zomato and has adjusted its price target (PT) to INR...
Coca-Cola’s largest bottler SLMG Group appoints Costin Mandrea as new CEO
SLMG Group, the leading independent bottler of Coca-Cola in India and SouthWest Asia, announced on Wednesday the appointment of Costin Mandrea as the Chief...
Annapurna Swadisht enters edible oil market with acquisition of Arati mustard oil brand for INR 28 Crore
Annapurna Swadisht, a packaged food manufacturing company, has acquired the mustard oil brand Arati from R R Proteins and Agro for INR 28 crore,...
Swiggy’s strong financial performance sets stage for IPO: FY24’s first 9 months show robust growth
Ten years since its inception, the foodtech and quick commerce giant Swiggy is gearing up for a public debut this year, diligently ensuring a...
Three Indian restaurants among Asia’s 50 best culinary destinations
Last night in Seoul, South Korea, the highly anticipated Asia’s 50 Best Restaurants were revealed. After months of anticipation, the most distinguished dining venues...
Over 73% of Indian B2B sellers utilize AI to beat sales goals, study finds
More than 73% of business-to-business (B2B) sellers in India who exceed their targets are using artificial intelligence (AI), according to a new report released...
PackVision Expo 2024 to showcase groundbreaking innovations in packaging sector
PackVision Expo 2024 is set to showcase the intersection of innovation, sustainability, and efficiency. The event will take place from June 13th to June...
Rice exporters in India face huge tax demand, casting shadow over exports
Indian exporters have been issued notices by the customs department requiring payment for duty differences on rice exported over the past 18 months, four...
Govt directs NCCF and NAFED to purchase 5 Lakh tonnes of onions directly from farmers to meet buffer requirement
The Food Ministry announced on Tuesday that the government has instructed the NCCF and the NAFED to commence purchasing 500,000 tonnes of onions directly...