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India-EFTA trade agreement set to boost domestic wine industry: CIABC
Alcoholic beverages makers' body CIABC on Monday said the free trade agreement between India and four European nation bloc EFTA will help push the...
Wedding-related expenditure remains subdued in FY24, luxury products buck trend, says industry executives
Wedding-related expenditure has remained muted this fiscal year, unlike FY23, as several company chief executives have observed. This can be attributed to the absence...
CBIC to compile catalog addressing classification discrepancies leading to Litigation in FMCG sector
The Central Board of Indirect Taxes and Customs (CBIC) is in the process of compiling a catalog of items that become subjects of litigation...
Investor appetite grows for homegrown food and beverage startups as demand skyrockets
A plethora of homegrown food and beverage brands across categories such as pizzas, bubble teas, and burgers are drawing funding from early-stage institutional investors...
McDonald’s India controversy highlights need for transparency in food industry, says GlobalData Report
Given the evolving lifestyles where dining out is now commonplace rather than an occasional treat, foodservice providers must prioritize offering healthy and safe choices....
FMCG companies and Kirana stores gear up for summer: Dairy and beverage sales spike across India
Cities throughout India are experiencing the onset of the early summer season, marked by intense heat and temperatures surpassing the usual. This seasonal transition...
ISWAI calls for inflation-based pricing model to combat shrinking margins in liquor industry
Premium spirits and wine importers' body ISWAI has urged state governments to implement an inflation-based pricing model, highlighting that industry margins have shrunk due...
Fashinza and Virgio to repay investor capital amid business model changes
According to a report by ET, at least two well-funded startups — Fashinza and Virgio — backed by the likes of Accel and Alpha...
Baron Capital elevates Swiggy’s valuation to $12.1 Billion, marking 13% increase from previous fundraise
A fund overseen by Baron Capital Group, an asset manager headquartered in the United States, has increased the fair value of the food-delivery platform...
Quick-commerce sector on track to compete with e-commerce giants, says Glade Brook Capital Founder
The Indian quick-commerce sector might see expansion into a much wider array of stock keeping units (SKUs), bringing it closer to ecommerce in the...
38th edition of AAHAR kicks off in New Delhi, showcasing growth and innovation in the industry
The 38th installment of AAHAR – the International Food and Hospitality Fair, is a collaborative effort led by the India Trade Promotion Organisation (ITPO),...
Survey finds 80% of D2C businesses yet to achieve profitability; only 12% report profits
A recent survey conducted by MMA India and Publicis Commerce reveals that 80% of direct-to-consumer (D2C) businesses have not achieved profitability, with 63% reporting...