Why Banana Tea is the perfect alternative to coffee and regular tea

Health & Diet

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May 6, 2023

Tea and coffee are some of the most consumed beverages across the world, with millions of people starting their day with a cup of either tea or coffee. However, there are some downsides to consuming these drinks regularly, including their high caffeine content and negative impacts on health. But what if there was an alternative that not only offered a healthy alternative but also tasted great? That alternative is banana tea.

Banana tea is a warm, comforting drink that has been gaining popularity as a healthy alternative to tea and coffee. It is made by brewing banana peels in hot water and has numerous health benefits that make it an excellent beverage for regular consumption. In this article, we will explore the history, health benefits, and recipe for making banana tea.

History and Origin of Banana Tea:

Banana tea is not a new invention. It has been consumed for centuries, particularly in Jamaica, where it is known as “banana peel tea.” In Jamaica, banana tea is used as a natural remedy for various ailments, including insomnia, anxiety, and high blood pressure.

The use of banana peel in tea can be traced back to traditional Chinese medicine, where it was used as a remedy for insomnia and other sleep disorders. Banana peel tea has also been used as a natural sedative in some cultures due to its calming properties.

Ingredients of Banana Tea:

The primary ingredient in banana tea is, of course, banana peels. Banana peels contain several essential nutrients, including potassium, magnesium, fibre, and antioxidants. These nutrients provide numerous health benefits when consumed in the form of tea.

Health Benefits of Banana Tea:

Bananas are known for their numerous health benefits. They are rich in potassium, fiber, vitamins, and minerals. However, did you know that banana tea can offer additional benefits as well?

Here are some of the top health benefits of drinking banana tea:

Promotes Better Sleep:

One of the most significant benefits of drinking banana tea is that it can help you sleep better. Bananas contain high levels of magnesium and potassium, both of which help relax your muscles and calm your nerves. In addition, bananas also contain tryptophan, an amino acid that helps increase the production of serotonin in the brain. Serotonin is a neurotransmitter that regulates mood and sleep, and an increase in its production can help improve the quality of your sleep.

Boosts Immunity:

Bananas are rich in vitamin C, which is a powerful antioxidant that helps strengthen the immune system. Vitamin C helps protect the body against free radicals, which are harmful molecules that can cause damage to cells and contribute to the development of various diseases. By drinking banana tea regularly, you can help boost your immunity and protect your body against infections and illnesses.

Reduces Stress and Anxiety:

Bananas are also known for their stress-relieving properties. They contain high levels of vitamin B6, which is essential for the production of serotonin and norepinephrine. These neurotransmitters are responsible for regulating mood and reducing stress and anxiety. By drinking banana tea regularly, you can help reduce your stress levels and improve your overall mental health.

Lowers Blood Pressure and Cholesterol:

Bananas are rich in potassium, which is an essential mineral that helps regulate blood pressure. Potassium helps relax the walls of blood vessels, which in turn reduces blood pressure and improves circulation. In addition, bananas also contain fiber, which can help lower cholesterol levels in the body. By drinking banana tea regularly, you can help improve your heart health and reduce the risk of cardiovascular diseases.

Improves Digestion:

Bananas are rich in fiber, which is essential for maintaining healthy digestion. Fiber helps regulate bowel movements and prevents constipation. In addition, bananas also contain enzymes that can help break down food and aid in digestion. By drinking banana tea regularly, you can help improve your digestive health and reduce the risk of gastrointestinal disorders.

Aids Weight Loss:

Bananas are low in calories and high in fiber, which makes them an ideal food for weight loss. By drinking banana tea regularly, you can help reduce your calorie intake and feel fuller for longer. In addition, bananas also contain resistant starch, which is a type of carbohydrate that resists digestion and promotes the feeling of fullness. By incorporating banana tea into your weight loss diet, you can help achieve your weight loss goals faster and more effectively.

To make banana tea, you will need the following ingredients:

1 ripe banana
2 cups of water
Cinnamon or honey (optional)

Instructions:
- Peel the banana and cut off the ends.
- Place the banana in a pot and add 2 cups of water.
- Bring the water to a boil.
- Reduce the heat and let the mixture simmer for 10-15 minutes.
- Strain the tea into a mug.
- Add cinnamon (if desired) for flavor.
- You can also add honey or lemon juice to the tea for added sweetness and flavor.

Banana tea is a healthy and delicious alternative to coffee and regular tea. It offers a range of health benefits. It is also easy to make at home and can be customized to suit your taste preferences. Whether you’re looking for a caffeine-free alternative to coffee or a new tea option to add to your rotation, give banana tea a try – your taste buds and your body will thank you!

Why Buttermilk is the ultimate superfood for your daily diet

Health & Diet

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SnackTeam

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May 6, 2023

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There is no doubt that the world is becoming increasingly health-conscious. People are looking for ways to improve their diet, increase their intake of nutrients, and live a healthy lifestyle. One way to achieve this is by incorporating superfoods into your diet.

Buttermilk is one such superfood that has been gaining popularity recently.

What is Buttermilk?

Contrary to what the name suggests, buttermilk is not the liquid left after making butter. Traditional buttermilk was the leftover liquid after churning butter. However, modern buttermilk is made by adding lactic acid bacteria to milk, which ferments the milk, resulting in the characteristic tangy taste of buttermilk. This process makes buttermilk thicker and creamier than regular milk.

Buttermilk is a low-fat dairy product that is a rich source of nutrients. One cup of buttermilk (240ml) contains:

Calories: 99
Protein: 8 grams
Fat: 2.2 grams
Carbohydrates: 12 grams
Fibre: 0 grams
Calcium: 28% of the daily value (DV)
Vitamin B12: 16% of the DV
Riboflavin: 14% of the DV
Phosphorus: 11% of the DV
Selenium: 10% of the DV
Buttermilk is also a good source of potassium, magnesium, and vitamin B6.

Health Benefits of Buttermilk:

Digestive Health:

Buttermilk is a natural probiotic that helps to maintain a healthy gut. It contains lactic acid bacteria that aid digestion and reduce inflammation in the gut. The bacteria in buttermilk also help to break down lactose, making it easier for lactose intolerant people to digest.

Immune System Boost:

Buttermilk contains numerous nutrients that boost the immune system. It is high in vitamin B12, which is essential for the production of red blood cells and the proper functioning of the immune system. It also contains vitamin D, which is important for immune function and bone health. Buttermilk is also a good source of zinc, which helps to support the immune system.

Cardiovascular Health:

Buttermilk is a low-fat dairy product that is rich in nutrients that support cardiovascular health. It is high in potassium, which helps to lower blood pressure and reduce the risk of heart disease. It also contains calcium, which is essential for strong bones and teeth, as well as the proper functioning of the heart and other muscles.

Bone Health:

Buttermilk is a good source of calcium, which is essential for strong bones and teeth. It also contains vitamin D, which helps the body to absorb calcium more efficiently. Regular consumption of buttermilk can help to prevent osteoporosis, a condition in which bones become weak and brittle.

Skin Health:

Buttermilk is rich in lactic acid, which helps to exfoliate and hydrate the skin. It also contains alpha-hydroxy acids (AHAs), which help to reduce the appearance of fine lines and wrinkles. Regular consumption of buttermilk can help to improve the overall health and appearance of the skin.

How to Incorporate Buttermilk in Your Diet

There are many ways to incorporate buttermilk into your daily diet. Here are a few ideas:

Drink it straight up: Buttermilk can be enjoyed on its own as a refreshing and healthy beverage.

Use it in smoothies: Buttermilk adds a tangy flavor to smoothies and provides an extra boost of nutrients.

Make pancakes and waffles: Buttermilk is a key ingredient in many pancake and waffle recipes. It adds a tangy flavor and makes the pancakes and waffles light and fluffy.

Use it in marinades: Buttermilk makes a great marinade for chicken and other meats. It helps to tenderize the meat and add flavor.

Use it in dressings: Buttermilk makes a great base for salad dressings. It adds a tangy flavor and helps balance out other ingredients.

Buttermilk is a delicious and healthy dairy product that is packed with nutrients. It is a natural probiotic that supports digestive health, boosts the immune system, and promotes cardiovascular and bone health. It also helps to improve the appearance and health of the skin. There are many ways to incorporate buttermilk into your daily diet, so why not give it a try and experience the amazing health benefits for yourself?

Tim Hortons continues aggressive India expansion with latest outlet in Vasant Vihar

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May 5, 2023

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Canadian restaurant chain Tim Hortons has been expanding its operations worldwide, and the latest addition to its growing list of outlets is located in Vasant Vihar, New Delhi. As per a statement released by a company official on social media, the new branch is situated at the Basant Lok Community Center in Vasant Vihar.

“Drop in at Vasant Vihar for your favourite coffee!!!” Vishal Shah, Head – Store Development, Tim Hortons India said in a LinkedIn post while sharing an invite.

Tim Hortons has a presence in several parts of the National Capital Region (NCR) with seven other outlets located in Pitampura, Green Park, Saket, Gurugram, Punjabi Bagh, Noida, and Dwarka respectively.

With a goal of opening more than 120 stores in India within 36 months, the coffee chain, Tim Hortons, is currently concentrating on expanding in North India, including Delhi and Punjab. Furthermore, the company has plans to enter markets such as Mumbai, Pune, Surat, Ahmedabad, and Bengaluru. In celebration of Lohri, Tim Hortons recently launched a new outlet in Ludhiana, Punjab.

In August 2022, the Canadian corporation made its debut in India by signing an exclusive master franchise agreement with AG Café and Gateway Partners, an emerging markets alternative investment manager. AG Café is a joint venture formed with the global fashion and lifestyle retail conglomerate, Apparel Group.

Tim Hortons is a Canadian-based multinational coffeehouse and restaurant chain, with its headquarters located in Toronto. The company was founded in 1964 in Hamilton, Ontario by Canadian ice hockey legends Tim Horton and Jim Charade. As of June 30, 2022, Tim Hortons has a quick-service restaurant (QSR) presence in 15 countries, with 5,352 restaurants operating worldwide.

In 2014, Tim Hortons was acquired by Burger King, which resulted in both chains becoming subsidiaries of Restaurant Brands International (RBI), a Canadian-American holding company.

RBI operates more than 5,000 stores around the world and it also owns QSR brands such as Popeyes and Firehouse Subs.

How to create a cash flow forecast for your food business?

Business

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May 5, 2023

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Food Businesses are rich in cash flow and demand a skill to maintain efficiency across the process. One of the ways to achieve such efficiency is by creating a forecast and preparing for the time ahead.

A cash flow forecast is a financial tool that predicts the amount of cash that will be available to a business at a given point in time by estimating the expected inflows and outflows of cash over a specific period. It is an essential tool for managing a business’s finances and ensuring that it has the cash it needs to meet its obligations and make strategic investments.

Cash flow forecasting is an important aspect of financial planning for any business, including those in the food industry. By creating a cash flow forecast, you can anticipate your business’s future cash needs and plan accordingly. This can help you make informed decisions about investments, expenses, and growth opportunities.

A cash flow forecast helps businesses anticipate cash shortages, manage their cash flow effectively, and make informed decisions about spending and investment. It provides a snapshot of the company’s financial position and helps identify areas where cash flow can be improved.

Food businesses have to deal with perishable inventory, labour costs, equipment maintenance, and other expenses that can significantly impact their cash flow. Additionally, food businesses are subject to seasonality, making it difficult to predict revenue and expenses throughout the year.

By creating a cash flow forecast, food businesses can identify potential shortfalls or surpluses in cash and take steps to address them before they become problems. It also helps businesses to maintain a positive cash flow, which is essential for growth and long-term success.

Cash flow is a critical aspect of a business’s financial health, as it determines its ability to pay bills, fund operations, and invest in growth opportunities. A positive cash flow means that a business has more cash coming in than going out, while a negative cash flow means that it is spending more than it is earning.

Here is our quick guide to help you through the process of creating a cash flow forecast for your food business.

1. Determine Your Time Frame

Before creating a cash flow forecast, you need to decide on the time frame you will use. This could be a monthly, quarterly, or yearly forecast. The time frame you choose will depend on the complexity of your business and the level of detail you require.

2. Calculate Your Starting Cash Balance

The starting cash balance is the amount of cash you have on hand at the beginning of the period you are forecasting. This figure can be found on your previous month’s cash flow statement or by looking at your current bank balance.

3. Identify Your Cash Inflows

You need to identify all of the cash inflows for your business during the forecast period. These may include sales revenue, loans, and other sources of income. Be sure to take into account any seasonal fluctuations that may impact your cash inflows.

4. Estimate Your Cash Outflows

Once you have identified your cash inflows, you need to estimate your cash outflows. This includes all of your expenses such as rent, utilities, payroll, inventory, and other operating costs. Be sure to take into account any expected increases or decreases in expenses.

5. Subtract Your Cash Outflows from Your Cash Inflows

Once you have calculated your cash inflows and outflows, you can subtract your cash outflows from your cash inflows to determine your net cash flow for the period. This will give you an indication of whether you will have a surplus or a shortfall in cash for the period.

6. Review Your Forecast

It’s important to review your cash flow forecast regularly to ensure that it remains accurate and up-to-date. This will help you identify any potential cash flow issues early on and allow you to take corrective action.

7. Make Adjustments

If your cash flow forecast indicates that you will have a shortfall in cash, you may need to make adjustments to your expenses or look for new sources of income. On the other hand, if your cash flow forecast shows a surplus, you may want to consider investing in your business or paying down debt.

8. Use Cash Flow Forecasting Software

There are a variety of cash flow forecasting software options available that can help you automate the process and provide more detailed insights into your cash flow. This can save you time and help you make more informed decisions about your business.

Creating a cash flow forecast is an essential tool for managing the finances of your food business. Remember to review your forecast regularly and adjust it as necessary to reflect changes in your business operations and market conditions. With a well-planned cash flow forecast, you can minimize financial risk and maximize the long-term success of your food business.

AGI Greenpac sets new benchmark with INR 2,281 Crore in revenue and highest-ever profitability

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May 5, 2023

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AGI — The company's sales and profitability exhibited improvement both year-on-year and quarter-on-quarter, driven by an enhanced product mix and heightened demand for glass containers in the non-alcoholic and alcoholic beverages as well as packed food segments.

AGI Greenpac, a company based in India that is dedicated to producing packaging products, has published its financial outcomes for the fourth quarter and the fiscal year that concluded on March 31st, 2023.

During the fourth quarter of FY23, AGI Greenpac achieved impressive results, reporting a Revenue from Operations of INR 680 crore compared to INR 432 crore in Q4FY22, which reflects a strong year-on-year growth of 58%. The company’s EBITDA for the same period was v 196 crore, representing a remarkable year-on-year growth of 111%, and the margin stood at 29%. The Net Profit of continued operation amounted to INR 96 crore, indicating a significant year-on-year growth of 152%, with margins of 14%.

During FY23, AGI Greenpac delivered an impressive performance, reporting a Revenue from Operations of INR 2,281 crore, a significant increase of 60% on a year-on-year basis compared to INR 1,430 crore in FY22. The company’s EBITDA for the fiscal year was INR 488 crore, indicating a strong year-on-year growth of 59%, with a margin of 21%. AGI Greenpac’s Net Profit amounted to INR 249 crore, reflecting a substantial year-on-year growth of 114%, with margins of 11%.

The company’s sales and profitability exhibited improvement both year-on-year and quarter-on-quarter, driven by an enhanced product mix and heightened demand for glass containers in the non-alcoholic and alcoholic beverages as well as packed food segments.

Commenting on the results, Sandip Somany, Chairman and Managing Director, AGI Greenpac, said, “Rise in demand for the glass packaging containers from both the non-alcoholic & alcoholic beverage segments and our integrated business model and premium products helped us in delivering sustainable growth for the year.”

He further added, “AGI Greenpac is a supply chain partner to various consumer brands, including pharmaceuticals, food, non-alcoholic & alcoholic beverages, cosmetics, perfumery and is focused on creating value for all partners.”

Kraft Heinz records significant growth in Q1, projects steady sales growth for the year

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May 5, 2023

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Kraft Heinz, a multinational food and beverage conglomerate, reported a 7.3% increase in its net sales for the first quarter, reaching $6.49 billion. This is a remarkable improvement from the sales decline of 5.5% that the company faced during the same period in the previous year.

In terms of organic growth, Kraft Heinz’s net sales surged by 9.4% in the first quarter, with a notable rise in pricing by 14.7 percentage points. This represents a significant improvement over the same period last year when net sales grew by 6.8% and pricing increased by 9 percentage points.

With higher adjusted EBITDA compared to the previous year and lapping non-cash impairment losses in the same period, Kraft Heinz experienced a 7.1% increase in net income, which amounted to $837 million.

During the same period last year, volume/mix was comparatively better, declining only by 5.3 percentage points, as opposed to the current quarter. The decline in both segments was mainly driven by elasticity impacts from pricing actions.

The parent company of Heinz Baked Beans and Philadelphia has reiterated its projection of achieving organic net sales growth between 4% and 6% for the year 2023, as compared to 2022.

Miguel Patricio, Kraft Heinz CEO, commented, “We delivered strong results in the first quarter of 2023, with net sales growth across both our North America and International zones that continues to be fueled by Foodservice, Emerging Markets, and US Retail Grow platforms. I am very proud of the entire Kraft Heinz team as we continue to deliver on what we can control by unlocking efficiencies and reinvesting in our brands and capabilities.”

He continued, “We remain committed to advancing our business transformation, and we are confident we have the right strategy in place to win with customers and consumers, and to deliver profitable growth and create value for our stockholders”.

Michelle Obama ventures into child nutrition with Co-Founding of PLEZi Nutrition

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May 5, 2023

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Michelle Obama has made public her collaboration with a new company that aims to produce and market nutritious food and beverages for kids. These products are expected to have a reduced negative impact on children’s long-term health due to their lower sugar levels and higher nutrient content.

As a “Co-Founder and Strategic Partner” of PLEZi Nutrition, the former first lady continues her pursuit to enhance child nutrition, which she initially started during her White House tenure.

“I’ve learned that on this issue, if you want to change the game, you can’t just work from the outside,” she said during a keynote address in New York during a conference on the future sponsored by The Wall Street Journal. “You’ve got to get inside. You’ve got to find ways to change the food and beverage industry itself.”

“So today, I’m proud to announce the national launch of a company designed not just to provide better products, but to jumpstart what I hope will be a race to the top that will transform the entire food industry,” she added.

Ms. Obama’s aides have stated that she is a Co-Founder and Strategic Partner of PLEZi Nutrition, and will primarily work behind-the-scenes to support the company’s educational and philanthropic efforts. However, it has not been clarified whether she made any financial investment in the company or if she will receive a salary. It has also been emphasized that she will not be a spokesperson or public face of the company.

During her time as first lady, Ms. Obama championed the “Let’s Move” initiative at the White House to enhance the wellbeing of American children by encouraging them to adopt healthier eating habits and engage in physical activity. She also played a significant role in improving federal nutrition standards for school lunches and eliciting commitments from food companies and restaurant chains to reduce calories, salt, sugar, and trans fats in their meals.

Ms. Obama mentioned on Wednesday that despite previous efforts, children are still not meeting the recommended nutrient levels and are consuming excessive amounts of added sugar – an average of 53 pounds per year. According to her, sugary drinks remain the primary source of added sugar for youngsters, with almost two-thirds of them consuming such beverages every day.

PLEZi Nutrition, located in the District of Columbia, is a public benefit corporation. As a for-profit entity, the company was established with the aim of serving the public good, with a focus on enhancing child nutrition. The company is committed to balancing its financial goals with its mission to contribute to the betterment of child nutrition.

According to the former first lady, PLEZi Nutrition’s debut product is a drink designed for children aged six to twelve. The drink, available in four flavors – Tropical Punch, Orange Smash, Sour Apple, and Blueberry Blast – contains 75% less sugar compared to typical fruit juices. The drink can be bought at Target and Sprouts Farmers Market stores, as well as online at Walmart.

Notably, the PLEZi Nutrition website highlights that water is the healthiest drink option for children.

“First and foremost, we know kids should first drink water, and PLEZi isn’t intended to replace water!” the website reads. “PLEZi has 75 per cent less sugar than average leading 100 per cent fruit juices, no added sugar, plus fibre and nutrients to support kids’ growing bodies. So our recommendation is always water first, and replace the sugary drinks your child would drink normally with PLEZi.”

Ms Obama also announced that the company is donating $1m to an initiative by FoodCorps, a nonprofit organisation that is working to help all 50 million students in the US receive education about nutrition and free school meals by 2030. PLEZi Nutrition will also contribute 10 per cent of its profits to the broader movement to improve child nutrition.

Sharabi Kukkad expands its reach with the launch of its fifth outlet in Delhi, offering a fusion of North Indian and Chinese cuisine

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May 5, 2023

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Sharabi Kukkad, a renowned restaurant that offers a delightful fusion of North Indian and Chinese cuisine, has expanded its presence by launching its fifth outlet in Delhi’s Connaught Place. The newly opened restaurant has the capacity to seat up to 100 customers at a time.

With more than 25 years of experience in the culinary world, Chef Deep Chand Dobriyal is the creative force behind the restaurant. He has a strong passion for combining different cultural influences in his cooking.

Chef Deep Chand Dobriyal’s innovative menu seamlessly blends the robust and rich flavors of North Indian cuisine with the subtle and refined spices of Chinese dishes.

At Sharabi Kukkad, customers can savor a diverse menu featuring both classic North Indian delicacies like Butter Chicken and Rara Gosht, and popular Chinese favorites such as Kung Pao Chicken and Drunken Chicken.

Adding an exciting twist to their culinary offerings, the Chefs at Sharabi Kukkad have created alcohol-infused dishes such as Sharabi Dal and Sharabi Kukkad. These unique delicacies feature a blend of dry lentils and tender chicken infused with rum, showcasing the restaurant’s innovative approach to cooking.

Sharabi Kukkad is a versatile dining destination, perfect for various occasions, be it dine-in, takeout, or delivery.

Vineet Aggarwal, Co-Founder of Sharabi Kukkad, said, “We are thrilled to open our fifth outlet in the heart of Delhi’s Connaught Place,” said. “Our aim has always been to bring good food and a warm dining experience within reach of everyone, and we are excited to introduce our unique culinary offerings to even more people. At Sharabi Kukkad, we put people first, and we look forward to welcoming you to our new location.”

The newly opened outlet of Sharabi Kukkad in Connaught Place is now open for lunch and dinner every day of the week.

For added convenience, Sharabi Kukkad offers delivery and takeout services. The restaurant also provides catering options for special occasions and private events, making it a versatile option for any gathering.

United Breweries Q4 net profit drops by 94% to INR 9.87 crore; revenue sees 11.35% growth

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May 5, 2023

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ubl — UBL's net profit for the financial year ending in March 2023 declined by 15.97% to reach INR 308.10 crore, as compared to INR 366.68 crore in FY22.

United Breweries Ltd, a beer maker controlled by Dutch multinational brewing company Heineken NV, disclosed on Thursday a decline of 93.97% in its consolidated net profit for the March quarter, amounting to INR 9.87 crore. As per a regulatory filing by United Breweries Ltd (UBL), the company had reported a net profit of INR 163.78 crore in the January-March quarter of the previous year.

During the quarter under review, UBL’s revenue from operations increased by 11.35% to INR 4,081.01 crore. In the corresponding period of FY22, it had stood at INR 3,664.71 crore.

“Gross margin during the quarter was lower as compared to PY (previous year) due to continued inflationary pressures on our cost base, particularly on prices of barley and packaging materials,” said UBL in its earnings statement.

UBL’s premium segment outperformed its total portfolio, growing by 19% in the quarter and registering a robust YTD growth of 58%. This growth was fueled by popular brands like Heineken, Kingfisher Ultra, and Kingfisher Ultra Max.

“Price increases have been taken across multiple states with continued commitment in driving further revenue management initiatives,” it added.

In Q4FY23, UBL’s total expenses increased by 17.93% to reach INR 4,079.32 crore, up from INR 3,458.98 crore in the corresponding period a year ago.

UBL’s total income for the March quarter increased by 11.28% to reach INR 4,092.80 crore.

UBL’s net profit for the financial year ending in March 2023 declined by 15.97% to reach INR 308.10 crore, as compared to INR 366.68 crore in FY22.

Despite the decline in net profit, UBL’s consolidated revenue from operations for FY23 increased by 26.87% to reach INR 16,651.09 crore, up from INR 13,123.92 crore in the previous year.

The company reported that it achieved “all-time high full-year volumes,” indicating sustained growth in the category.

UBL’s Capex spend was INR 156 crore and it said, “with volume growth expected to continue, Capex investments are needed to meet future growth”.

According to the company, it anticipates continued inflationary pressure on its cost base in the near future.

“The company will seek appropriate action to further mitigate the impact. UBL continues to remain optimistic on the long-term growth potential of the industry, driven by increasing disposable income, favourable demographics and premiumisation,” it said.

As per the filing, UBL’s board recommended a dividend of 750% or INR 7.50 per equity share of INR 1 each to the company’s shareholders for the financial year that ended on March 31, 2023.

On Thursday, United Breweries Ltd’s shares settled at INR 1,430 apiece on the BSE, reflecting a decrease of 0.28%.

Zomato leverages New Relic’s observability platform to ensure high performance and reliability

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May 5, 2023

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Zomato, a food delivery platform with around 17.4 million monthly transacting customers and 330,000 active restaurant partners spread across roughly 1,000 Indian cities, has adopted the observability platform New Relic to guarantee optimal performance and dependability. The two companies announced this partnership through a joint press release.

Shrey Sinha, head of site reliability engineering, Zomato, said, “The key value drivers for Zomato are uptime, performance and reliability; innovation and growth; and operational efficiency—all of which New Relic excels at delivering.”

New Relic enables Zomato’s engineering teams to take a proactive approach in promptly resolving issues that may arise in their infrastructure, applications, and services. By doing so, they can guarantee optimal performance and user experience.

“We are confident that New Relic’s data-driven approach will enable us to connect people with processes and technology performance across the entire organisation and improve business outcomes in the long term. We are excited to embark on the next phase of growth with New Relic,” added Sinha.

According to the release, the extended partnership with New Relic will further Zomato’s observability strategy, allowing them to maintain a high level of visibility as they continue to scale and manage a larger technology stack.

“Food tech platforms are rapidly growing segments globally. As a result, aggregators are increasingly working to maintain the stability of their platforms to scale their customer base exponentially. This is where New Relic can offer Zomato a competitive advantage through improved uptime and reliability,” said Vidhur Bhagat, General Manager enterprise business at New Relic.

Zomato is a restaurant aggregator and food delivery company that is headquartered in Gurugram, India. It was founded in 2008 by Deepinder Goyal and Pankaj Chaddah and has since become a multinational company.

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