India experienced a remarkable surge in its import of edible oils, as reported by the Solvent Extractors’ Association of India (SEA) on Friday. In June, the country witnessed a substantial growth of 39.31 percent, with the import volume reaching 13.11 lakh tonnes. This surge can be attributed to the escalating demand for edible oils in the market. SEA stated that in June 2022, India had imported 9.41 lakh tonnes of edible oil.
In June, the total imports of vegetable oils, including both edible and non-edible varieties, experienced a significant growth of 49 percent, reaching 13.14 tonnes. This figure represents a substantial increase from the 9.91 lakh tonnes imported during the same month last year. Among these imports, 2,900 tonnes were non-edible oils, primarily procured by soap and oleo-chemical industries.
According to the SEA, despite improved domestic availability, there has been a noticeable increase in imports, indicating a resurgence in demand due to significant declines in domestic prices of edible oils.
In June, the import of crude palm oil rebounded to 4.66 lakh tonnes, showing a significant increase from the previous month’s import of 3.48 lakh tonnes.
In June, there was a remarkable surge in the import of RBD Palmolien, rising from 85,000 tonnes in the previous month to 2.17 lakh tonnes. This substantial increase highlights a strong rebound in palm products during that period.
According to the data, it was revealed that imports of sunflower oil witnessed a decline to 1.90 lakh tonnes, in contrast to the previous month’s 2.95 lakh tonnes.
According to the observations made by SEA, the import of palm oil from Indonesia has experienced a significant increase to 4.76 lakh tonnes, whereas the contribution from Malaysia was relatively low at 1.54 lakh tonnes.
The import of soybean oil from Brazil has been on the rise, reaching 1.65 lakh tonnes in June 2023. Furthermore, the overall import of soybean oil from Brazil during the period of November to June has surged to a record level of 9.73 lakh tonnes, compared to 7.20 lakh tonnes in the previous year.
VLCC, the renowned beauty and wellness company, made an exciting announcement on Friday, revealing that they have enlisted the talented Bollywood actress Tamannaah Bhatia as the ambassador for their latest line of facial kits.
Within the beauty and personal care industry, the brand excels across a diverse spectrum of categories, encompassing facial kits, face moisturizers, sun-care products, face washes, serums, and an array of other offerings.
Puneet Gulati, Group Chief Marketing Officer of VLCC said, “Our expertise in delivering world class facials comes forth in our Facial Kit range which gives consumers the choice of gold, diamond, anti-tan and many more. Facials end up delivering what every day skincare cannot, and that inspires our new gold facial kit campaign with Tamannaah.”
In VLCC’s latest brand campaign, Bhatia took center stage, emphasizing the significance of providing your skin with that extra dose of care as the week draws to a close. The campaign underscored the importance of deep cleansing the face, imparting it with profound hydration and nourishment for a revitalized appearance.
“When I feel happy from within, I feel most radiant! Taking care of yourself and your skin brings happiness, and that shines the most. Self-care = happiness = glow. That’s why I use the VLCC Gold Facial Kit, for that long lasting golden glow,” Bollywood actress Tamannaah Bhatia said.
Established three decades ago, VLCC is an indigenous brand that has expanded its reach to 310 locations spanning 139 cities and 11 countries. These countries include India, Sri Lanka, Bangladesh, Nepal, Singapore, Thailand, UAE, Oman, Bahrain, Qatar, Kuwait, and Kenya. The brand proudly boasts a dedicated team of over 3,000 professionals, comprising medical doctors, nutritionists, physiotherapists, cosmetologists, and wellness counselors.
Baba Ramdev-led Patanjali Ayurved’s sale of shares of Patanjali Foods surpassed expectations as it received oversubscription of more than two times at the end of the two-day offer on Friday.
According to the most recent data available on the BSE, the non-retail segment garnered subscriptions that were more than double, while the retail category experienced over triple the subscription rate.
The two-day Offer For Sale (OFS) was launched by Patanjali Ayurved to divest 7% stake in Patanjali Foods to boost public float and meet listing requirements, the promoter entity, with the intention of reducing its total stake in Patanjali Foods by around 7%. This strategic move is driven by the need to meet the minimum public shareholding requirement.
On Friday, the offer garnered bids for 76,34,567 shares from retail investors, surpassing the available 25,33,964 shares on offer. This indicates a threefold subscription, highlighting the strong interest and demand from retail investors.
On Thursday, non-retail investors were presented with 2.28 crore shares, and the total bids received for these shares amounted to over 4.56 crore, indicating a subscription rate of two times.
The offer was available to non-retail investors on Thursday and to retail investors on Friday, respectively.
Patanjali Foods, a company specializing in edible oil and other food products, recently sold its shares at a minimum price of INR 1,000 per share. The total number of shares offered was 2,53,39,640.
On Friday, the shares of the company witnessed a 5% increase, reaching a closing price of INR 1,224.95 per share on the BSE.
Currently, the public shareholding in Patanjali Foods stands at 19.18%, and it is required to be raised to at least 25% in accordance with the norms set by the Securities and Exchange Board of India (SEBI).
Earlier this week, Patanjali Foods announced that its promoter, Patanjali Ayurved, intends to sell a maximum of 2.53 crore shares of the company. The objective behind this move is to enhance the public float of the company.
Patanjali Ayurved had the opportunity to sell additional shares through the Offer for Sale (OFS) mechanism, but ultimately chose not to pursue that option.
Patanjali Foods recently introduced a Follow-on Public Offer (FPO) worth INR 4,300 crore with the aim of expanding its public shareholding.
Patanjali Group had acquired bankrupt Ruchi Soya Industries and later renamed the company as Patanjali Foods.
This substantial investment aims to enhance the efficiency of the company's supply chain, enabling faster distribution of their products to both retail and foodservice customers.
Kraft Heinz, the prominent American food company, recently unveiled its plan to invest over $400 million in the construction of a state-of-the-art automated distribution center for consumer packaged goods.
The newly announced facility by Kraft Heinz will be located in DeKalb, Illinois, covering an impressive area of 775,000 square feet. This substantial investment aims to enhance the efficiency of the company’s supply chain, enabling faster distribution of their products to both retail and foodservice customers. The implementation of this advanced distribution center is expected to bring significant improvements to Kraft Heinz’s overall operations.
The establishment of this facility is anticipated to generate over 150 job opportunities in the region.
The upcoming center’s blueprint features a cutting-edge “24/7 automated storage and retrieval system” capable of accommodating double the volume for Kraft Heinz customers. This advanced facility will play a vital role in distributing over 60% of the company’s foodservice business and approximately 30% of all dry goods.
Kraft Heinz also anticipates that the facility will make a positive contribution to the company’s wider environmental, social, and governance (ESG) objectives. In particular, the company has devised plans to incorporate sustainable technologies aimed at minimizing waste generation at the facility.
Carlos Abrams-Rivera, executive vice president at Kraft Heinz, said, “The DeKalb distribution centre is expected to play a critical role in our larger distribution strategy, moving more than 60% of Kraft Heinz dry goods in North America through our automated facilities.”
According to the company’s announcement, the newly established center is expected to become one of the most expansive automated distribution facilities in North America.
“We’re driving end-to-end transformation across our entire supply chain, investing in automated technology and digitised solutions to increase the agility of our logistics operations,” Erin Mitchell, vice president of logistics and head of network restructuring at Kraft Heinz, said.
In recent years, Kraft Heinz has made significant investments in enhancing its supply-chain infrastructure in various locations.
In June 2021, the company invested around £140m (then $199.3m) into its UK factory, allowing it to produce a wider range of condiments.
Towards the end of the year, the food giant consolidated some operations as it merged its production in Canada into its US division in a move “aimed at streamlining and synergising” its businesses in the two markets.
Barcelos, a renowned restaurant chain originating from South Africa, famous for its flame-grilled chicken and delectable peri peri sauces, is making a comeback in India. The company has joined forces with Masala Country Hospitality, a division of the Franchise India Group, to serve as its master franchise in the Indian region. The partnership aims to establish a strong presence, with the opening of the first restaurant anticipated later this year.
Gaurav Marya, Founder and CEO, Franchise India,, said, “Barcelos is known for being a gourmet chicken brand and we believe, will appeal to the larger middle class consumer base. In its earlier avataar in India, there were challenges of limited scalability. Under this new model, there will be a strong focus on scalability as the spicy flame grilled chicken-led menu is highly adaptable to the Indian palette.”
Jared Mazzis, CEO-Business Development at Barcelos, said, “Prior to Covid in our earlier stint, there were a limited number of stores on the ground and the brand had got diluted. We want to now come back with a strong focus on our core products and take the brand to the masses and focus on getting consumers to come in more frequently.”
He added that as part of Barcelos’ international expansion strategy, India holds a prominent position among their key focus markets. The restaurant chain’s initial priority is to establish a strong presence in the top cities across the country, with a specific emphasis on the dynamic and culturally rich region of southern India.
“We expect to open the first restaurant by the last quarter of this year and are in talks with developers for a strategic location. We will start with markets such as Delhi-NCR and Bengaluru. South India is the biggest chicken market and we believe the product will do very well in markets like Chennai, Hyderabad and Bengaluru,” Marya said.
The restaurant chain has established an ambitious objective to establish approximately 100 stores within the upcoming five years. As part of their strategy, they plan to prioritize delivery services, recognizing its significance in achieving their long-term goals.
“It will be done both through the direct delivery model and through aggregators,” he added.
In an unusual occurrence, a Swiggy Genie delivery executive reportedly vanished with a customer’s high-value Apple Watch Ultra, valued at INR 82,999, in Bengaluru.
The incident was exposed when a user posted a tweet about a Swiggy Genie who reportedly took possession of his friend’s Apple Watch Ultra. According to the user, the delivery executive picked up the bag containing the smartwatch but then canceled the order, cut off all communication, and disappeared with the product.
“… Friend forgot his Apple Watch ultra, he sent genie, genie collects the bag, cancels the order, blocks both of us, and we chase the guy at 2 am with a Rapido guy helping us,” tweeted the victim.
What a rollercoaster night! Worst experience of @Swiggy Genie
Friend forgot his Apple Watch ultra, he sent genie, genie collects the bag, cancels the order, blocks both of us, and we chase the guy at 2AM with a Rapido guy helping us
The incident has sparked worries about the safety and security of products during transit on the delivery service of the foodtech platform. Numerous users in the comments section also highlighted similar occurrences, prompting inquiries about the company’s screening procedures when hiring drivers.
Nevertheless, the dynamic duo managed to trace the smartwatch in due course. As reported by India Today, the two friends successfully retrieved the item by utilizing the watch’s built-in location tracking functionality. According to the tweet, they pursued the delivery executive during the early hours of 2 am and pinpointed the wayward driver at a Swiggy warehouse.
The two are said to have apprehended the executive and successfully recovered the smartwatch from his possession.
As of now, Swiggy has not provided any official statement regarding the matter.
In the meantime, the individual associated with the owner of the smartwatch has claimed that Swiggy instructed them to send an email after they raised the issue with the company. It remains uncertain whether the victim has lodged a formal complaint with the police.
Instances of Swiggy delivery executives being implicated in similar incidents are not unprecedented. In February, a Swiggy delivery person was captured on CCTV camera stealing a woman’s smartphone from an apartment in Mumbai.
In March of the previous year, there was an incident where a Swiggy driver was apprehended for stealing a mobile phone during the process of picking up an order from a restaurant in Tiruppur, Tamil Nadu. Additionally, in 2021, two individuals employed as Swiggy delivery executives were arrested in Noida for their involvement in numerous thefts and residential burglaries in the area.
Nothing Before Coffee (NBC), India’s rapidly expanding coffee chain, has experienced remarkable growth in the second quarter, bolstering its position in the country’s coffee retail sector. The company has successfully opened 10 new outlets, reinforcing its presence and cementing its status as the fastest-growing coffee chain in India. With an extensive network of more than 40 stores nationwide, NBC presents a distinctive prospect for coffee lovers in various regions to relish top-notch brewed coffee and beverages, all at pocket-friendly prices.
With an impressive quarter-on-quarter growth rate of 23 percent, Nothing Before Coffee (NBC) has solidified its position as a prominent takeaway beverage specialty chain in India. By focusing on delivering exceptional coffee quality and cultivating welcoming environments for customers, NBC has successfully built a loyal and dedicated customer base. This remarkable growth stands as a testament to the unwavering support and preference of coffee enthusiasts throughout the country. Looking ahead, NBC has set ambitious goals to expand its presence even further, with plans to open over 50 stores across India within the next year.
In the second quarter of 2023, Nothing Before Coffee (NBC) accomplished the successful inauguration of 10 new outlets in notable destinations like Hyderabad, Raipur, Ajmer-2, Kota-3, Alwar, New Delhi-Krishna Nagar, and Gurugram. These additions signify a remarkable milestone for the brand, showcasing its commitment to meeting the growing desire for exceptional coffee experiences. The recently launched outlets offer a welcoming atmosphere, amiable service, and a wide-ranging menu of coffee beverages to cater to a diverse range of preferences.
In Q2, NBC experienced remarkable growth, surpassing previous records by adding an unprecedented number of stores in six new cities. This achievement underlines the brand’s strong dedication to rapid expansion. To further fuel its future growth, NBC has entered into an exclusive collaboration agreement with Building Brands for Tomorrow (BBFT), an esteemed leader in restaurant franchising and startup growth consulting. By harnessing BBFT’s extensive expertise, NBC aims to expedite the expansion of its franchise network across India, seizing opportunities in untapped markets and attracting potential investors.
Anand Jain, Founder and COO of Nothing Before Coffee said, “We are thrilled with the tremendous response we have received from our customers. As Nothing Before Coffee continues to thrive in the Indian Coffee Beverage market, achieving outstanding Q2 sales and the opening of 10 new outlets, we are excited to unveil our highly anticipated flagship store in Delhi’s Connaught Place, which is currently under progress. We can’t wait to open its doors to the public.”
Rohit Singh, Founder and CEO of Building Brands For Tomorrow (BBFT) stated, “We are thrilled to announce our ambitious plans for aggressive expansion in Delhi/NCR and neighboring regions such as Punjab, Chandigarh, Jammu, and other parts of North India. There is a significant untapped market for affordable coffee segment brands in these areas, and we will continue to penetrate it, presenting a lucrative opportunity for investors in the franchising domain.”
Nothing Before Coffee currently operates across nine states, serving customers in both Tier-1 and Tier-2 cities. The brand boasts an expansive menu, featuring a wide array of mouthwatering snacks, sandwiches, cookies, and an impressive selection of coffees, teas, shakes, mocktails, hot chocolate, and shrappe. These delectable offerings cater to the refined tastes of its discerning customers, ensuring a delightful experience with every visit.
You no longer need to make the journey to Gurgaon every time you desire the pleasure of freshly brewed beer. The trend of microbreweries is gradually gaining popularity in the national capital, with five outlets currently in operation and two more in the works. Officials have reported receiving inquiries from numerous established players in the hospitality industry who are interested in establishing their own breweries to offer customers the delight of freshly crafted beer.
Despite the Delhi government’s 2015 excise policy announcement, which permitted restaurants and hotels to establish microbreweries on their premises, the implementation of this decision was delayed for four years. This was primarily due to the classification of breweries as “liquor-making plants,” which were prohibited within the capital city.
At its board meeting in September 2018, the Delhi Development Authority made a significant decision to remove microbreweries from the list of “prohibited” industries under the Master Plan Delhi 2021. However, this change came with a condition: the establishment of an onsite wastewater treatment facility on the premises. Additionally, applicants were mandated to obtain approval for their water treatment systems from the Delhi Pollution Control Committee (DPCC).
The process of establishing microbreweries in Delhi gained momentum only after the Ministry of Urban Housing and Affairs officially announced the change in February of this year.
After diligently following the guidelines and successfully completing the extensive water treatment system installation process, the applicants obtained approval from the DPCC. Subsequently, the excise department began issuing licenses to them.
The first license to establish a microbrewery was granted in September of the previous year. Currently, there are a total of five microbreweries operating in the city. Two are located in Connaught Place, one can be found at a five-star hotel on Ashoka Road, and one each in Saket and Hauz Khas. Furthermore, inspections of two additional microbreweries have been completed. One is situated at Avenue Mall in Saket, while the other is located at Ambience Mall in Vasant Kunj. The licenses for these two establishments are expected to be issued soon.
According to excise officials, the industry initially had some concerns, but now more players seem interested as licenses are being issued to those who fulfill the necessary requirements. The department collects excise duty based on the total capacity of the brewery and does not have the authority to determine the rate of the crafted beer.
As per the policy, restaurants, hotels, and clubs have the opportunity to establish microbreweries with a daily capacity of up to 500 litres. In the neighboring city of Gurgaon, where microbreweries have been operating for the past few years, there are at least 50 establishments of this kind that appeal to beer enthusiasts.
Given the consistent increase in beer consumption within the city, microbreweries in Delhi have the potential to emerge as significant revenue generators for the excise department.
The freshly brewed beer is renowned for its alcohol content ranging from 4 to 8 percent, offering a natural and authentic taste without any preservatives or artificial flavorings. This unique quality has contributed to its widespread popularity.
“A choice of 12-14 true craft beers is now available in Delhi and that too at everyday value in pricing. We see no reason for anybody to travel to any other city to enjoy freshly brewed craft beer. In fact, we’ve been noticing an influx of customers from adjoining areas who are tired of consuming sub-standard produce,” said Manish Tandon, the owner of a microbrewery.
When it comes to movie nights, there’s nothing quite like the combination of delicious food and great entertainment. One dish that perfectly encapsulates the essence of a movie night delight is BBQ chicken nachos. These mouthwatering snacks are a fusion of flavors, combining the tangy and smoky taste of barbecue chicken with the crunch of tortilla chips and the creaminess of melted cheese. The result is an irresistible treat that is both satisfying and comforting, making it the perfect companion for a cozy night in front of the screen. In this article, we will delve into the reasons why BBQ chicken nachos are the ultimate movie night delight, exploring their flavor profile, versatility, and ease of preparation. So, grab a plate, get comfortable, and prepare to savor every bite of these delectable nachos!
Flavor Explosion:
One of the main reasons BBQ chicken nachos are so irresistible is their flavor profile. The combination of tender, smoky barbecue chicken with the zesty and savory toppings creates a taste explosion in every bite. The barbecue sauce used to marinate and cook the chicken adds a unique sweetness and tanginess, complemented by the spices and seasonings that give it an extra kick. As the chicken melds with the other ingredients on the nachos, such as the crunchy tortilla chips, the creamy melted cheese, and the fresh toppings like diced tomatoes, jalapeños, and cilantro, each element enhances the overall flavor. The result is a harmonious blend of textures and tastes that awaken the senses and leave you craving for more.
Versatility for All Taste Preferences:
Another great aspect of BBQ chicken nachos is their versatility. They can be customized to suit various taste preferences and dietary restrictions, making them an inclusive option for everyone. For those who prefer a spicier kick, adding extra jalapeños or a drizzle of hot sauce can elevate the heat level. On the other hand, if you prefer a milder flavor, you can opt for a milder barbecue sauce or use less spice in the chicken marinade. Additionally, the toppings can be adapted to individual tastes. If you’re a fan of tanginess, a squeeze of lime juice can provide that acidic touch, while avocado slices or guacamole can add a creamy element. For vegetarians or those seeking a meatless alternative, the chicken can be substituted with grilled vegetables or plant-based protein options like tofu or tempeh. The possibilities are endless, allowing everyone to create their perfect plate of BBQ chicken nachos.
Ease of Preparation:
Preparing BBQ chicken nachos is a breeze, making them an ideal choice for movie nights when time is of the essence. The process typically involves marinating the chicken in barbecue sauce, grilling or baking it until cooked through, and then assembling the nachos with the desired toppings and cheese. Depending on personal preferences, additional steps such as sautéing onions or peppers, or even making homemade guacamole, can be incorporated. However, even with these extra steps, the overall preparation time remains relatively short. This convenience is a significant advantage, allowing you to spend more time enjoying the movie and less time in the kitchen. Whether you’re hosting a movie night with friends or having a cozy evening alone, BBQ chicken nachos can be whipped up quickly, ensuring that you have a satisfying snack in no time.
Final Thoughts:
BBQ chicken nachos are the perfect movie night delight due to their irresistible flavor profile, versatility, and ease of preparation. The combination of tangy barbecue chicken, crunchy tortilla chips, melted cheese, and fresh toppings creates a symphony of flavors that tantalize the taste buds. Moreover, their versatility allows for customization, catering to a wide range of taste preferences and dietary needs. Whether you prefer a spicy kick or a milder taste, there’s a way to make BBQ chicken nachos just right for you. Lastly, their ease of preparation ensures that you can spend more time enjoying the movie and less time in the kitchen.
So, the next time you settle in for a movie night, consider indulging in the delectable delight of BBQ chicken nachos and savoring every bite of this crowd-pleasing treat.
High cholesterol levels have become a prevalent health concern affecting millions of individuals worldwide. It is often associated with an increased risk of cardiovascular diseases, including heart attacks and strokes. If your husband’s cholesterol levels are off the charts, it is crucial to take proactive measures to address this issue and promote his well-being. In recent years, turmeric, a vibrant yellow spice commonly found in Indian cuisine, has gained attention for its potential health benefits, including its role in cholesterol management. In this article, we will delve into the relationship between cholesterol and turmeric, exploring the scientific evidence behind turmeric’s potential to lower cholesterol levels and discussing practical ways to incorporate it into your husband’s diet.
Understanding Cholesterol and its Impact:
Cholesterol is a waxy, fat-like substance produced by the liver and obtained through certain foods. While it is essential for various bodily functions, an excess of low-density lipoprotein (LDL) cholesterol, commonly referred to as “bad” cholesterol, can lead to the accumulation of plaque in the arteries, narrowing them and impeding proper blood flow. This condition, known as atherosclerosis, increases the risk of cardiovascular diseases.
Traditional Approaches to Cholesterol Management:
Standard approaches to managing high cholesterol levels typically involve lifestyle modifications, such as adopting a healthy diet low in saturated and trans fats, regular exercise, and weight management. In some cases, medication may be prescribed to further control cholesterol levels. However, these approaches may not be sufficient for everyone, and alternative strategies are being explored.
Exploring the Potential of Turmeric:
Turmeric, derived from the Curcuma longa plant, has a long history of use in traditional medicine, particularly in Ayurveda and traditional Chinese medicine. Its active compound, curcumin, has been extensively studied for its potential health benefits. Research suggests that curcumin may possess cholesterol-lowering properties, making turmeric an intriguing option for those with high cholesterol levels.
Curcumin’s Impact on Cholesterol Metabolism:
Studies have shown that curcumin may help regulate cholesterol metabolism by influencing key enzymes involved in cholesterol synthesis and metabolism. It has been found to inhibit the activity of HMG-CoA reductase, an enzyme responsible for cholesterol production in the body. Additionally, curcumin may enhance the activity of cholesterol receptors, aiding in the clearance of LDL cholesterol from the bloodstream.
Anti-Inflammatory and Antioxidant Effects:
Chronic inflammation and oxidative stress play crucial roles in the development of atherosclerosis. Curcumin has been demonstrated to possess potent anti-inflammatory and antioxidant properties. By reducing inflammation and neutralizing harmful free radicals, curcumin may help prevent the formation of plaque in the arteries, promoting cardiovascular health.
Incorporating Turmeric into Your Husband’s Diet:
While turmeric can be a valuable addition to your husband’s cholesterol management plan, it is important to note that its absorption and bioavailability are limited. Combining it with black pepper, which contains piperine, can enhance curcumin’s absorption. Consider the following practical tips:
Turmeric as a Spice: Encourage your husband to incorporate turmeric into his cooking by adding it to various dishes. It can be used in curries, soups, stir-fries, and even salad dressings. Experiment with different recipes to find enjoyable ways to include this spice in his meals.
Golden Milk: Prepare golden milk by combining turmeric with warm milk, a pinch of black pepper, and a natural sweetener like honey. This soothing beverage can be consumed before bedtime to promote relaxation and potential cholesterol-lowering effects.
Turmeric Supplements: If incorporating turmeric into meals proves challenging, consider turmeric supplements standardized to contain a high concentration of curcumin. Consult a healthcare professional before starting any supplementation regimen.
Final Thoughts:
While turmeric and its active compound curcumin show promise in cholesterol management, it is important to approach its usage as a complementary strategy rather than a standalone solution. Encourage your husband to maintain a balanced diet, engage in regular physical activity, and follow any prescribed medications or medical advice. Turmeric can be a flavorful and potentially beneficial addition to his cholesterol-lowering journey. However, it is crucial to consult with a healthcare professional before making any significant changes to his diet or lifestyle. By combining holistic approaches with medical guidance, you can empower your husband to take charge of his health and work towards achieving healthier cholesterol levels, reducing the risk of cardiovascular diseases, and improving his overall well-being.
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