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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...
Mondelez International reports strong Q4 sales surge, but volume decline spurs a 2% share drop
Mondelez International reported an increase in sales for the fourth quarter; however, the impact of price hikes negatively affected volumes. The rise in prices...
Indian appetite for pizzas and burgers wanes: Domino’s and McDonald’s franchisee results reflect decline in dining out trends
As per a Reuters report, there has been a decline in the frequency of Indians dining out for pizzas and burgers, as indicated by...
Interim budget 2024 falls short on immediate rural consumption revival, companies pin hopes on long-term impact through rural housing and post-harvest initiatives
Consumer goods companies have indicated that, while the interim budget may not promptly initiate a consumption revival, an enhanced emphasis on rural housing and...
NASVI to host India’s first ‘zero waste’ hyper-local street food festival in Noida, showcasing culinary delights and handicrafts
The National Association of Street Vendors of India (NASVI) is set to host the "Noida Utsav," a hyper-local street food festival in Noida from...
Sugar stocks trade with mixed fortunes as Finance Minister omits sector from Budget speech
Sugar stocks displayed a mixed performance on February 1 as Finance Minister Nirmala Sitharaman omitted any reference to concessions sought by the sugar industry...
Finance Minister Nirmala Sitharaman prioritizes farmers’ welfare and rural demand in Interim Budget, highlights direct financial aid initiatives
In the Interim Budget presented in the Lok Sabha on Thursday, Finance Minister Nirmala Sitharaman placed a strong emphasis on enhancing the welfare of...
Budget 2024: Govt approves extension of export incentive scheme for apparel and garments till March 2026
The government on Thursday approved the extension of the RoSCTL (Rebate of State and Central Taxes and Levies) scheme for apparel, garments, and made-ups,...
Godrej Consumer Products reports 6% YoY rise in Q3 consolidated net profit to INR 581 Crore
In the December quarter, Godrej Consumer Products witnessed a 6% year-on-year (YoY) increase in its consolidated net profit, reaching INR 581 crore, compared to...
Iconic restaurant chain Moti Mahal set to spice up the European market this year
Moti Mahal, a culinary brand with a rich 104-year history, announced its plan to enter the European market this year, as stated in a...
Flipkart revives same-day delivery service across 20 cities, taking on Amazon’s Prime model
The same-day ecommerce delivery service, pioneered by Amazon through its Prime subscription model in 2017, has recently witnessed a revival. Joining the fray on...
ITC sees untapped market potential for YiPPee! Noodles, aims for further growth in the North region
ITC, a diversified conglomerate, believes that there is additional potential to increase the market share of its Noodles segment under the YiPPee! brand in...