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Gokaldas to acquire Matrix Design in INR 489 Crore deal, marking strategic entry into knitwear market
Gokaldas Exports, a leading apparel manufacturer based in Bengaluru, has recently inked a deal with Gurugram's Matrix Clothing. The agreement entails Gokaldas Exports acquiring...
Govt to sell Bharat brand rice on major e-commerce platforms, targets hoarding with mandatory stock disclosure
On Friday, Sanjeev Chopra, the food secretary, announced that the government plans to introduce the sale of rice under the Bharat brand in the...
Bikaji Foods International delivers strong Q3 performance with 15% net profit surge, reaching INR 46 Crore
Bikaji Foods International Limited (Bikaji), a manufacturer of ethnic snacks, announced a 15% increase in consolidated net profit, reaching INR 45.99 crore for the...
Agritech startup Grow Indigo secures $8 Million in funding to fuel sustainable agriculture innovation
Agritech startup Grow Indigo has recently secured $8 million (INR 67 crore) in a strategic funding round, with contributions from key stakeholders including Indigo...
Wow! Momo’s rapid expansion continues with a buzzing new outlet at GMR Hyderabad International Airport
Wow! Momo, a Kolkata-based QSR, has expanded its presence by launching a new outlet at the GMR Hyderabad International Airport, as announced in a...
Bata reports 31% drop in net profit due to muted demand for footwear
Footwear brand Bata India Ltd reported a 31.04% decrease in its net profit and a 0.7% upturn in total income for the third quarter...
FSSAI revises order allowing regional names on curd labels amidst political controversy in Tamil Nadu
On Thursday, the Food Safety and Standards Authority of India (FSSAI) revised its order, permitting the use of regional names on printed labels of...
The Ayurveda Company sets aggressive target of 50K sales touchpoints in tier 2 and tier 3 towns by Diwali 2024
The Ayurveda Company (T.A.C.), a D2C personal care brand, is setting its sights on reaching 50,000 points of sale in the general trade (GT)...
Murthal sips into Starbucks culture as new 24-hour store unveiled
Starbucks, the US-based coffee chain, recently unveiled a new store at Mannat Haveli in Murthal (Sonipat) along the Chandigarh-Delhi highway, as announced by a...
Raymond Group’s Q3 profits surge, nearly doubling to INR 185 Crore amidst strong segment performances
Raymond, a diversified group, reported a nearly twofold increase in its consolidated net profit for the December quarter of Financial Year 2024, reaching INR...
Interim Budget 2024 sets the tone for inclusive development, FMCG executives optimistic
Executives representing leading FMCG companies have praised the Interim Budget 2024, displaying confidence in the government's commitment to fostering inclusive and sustainable growth for...
Mixed sentiments in food industry as Interim Budget unveils plans for economic growth
Finance Minister Nirmala Sitharaman presented the Interim Budget in the Parliament on February 1, outlining key plans for India’s economic growth. While the budget...
