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KKR to invest INR 2,069 Crores in Reliance Retail Ventures, valuing company at INR 8.36 Lakh Crores

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On Monday, September 11, Reliance Industries Ltd (RIL) announced that KKR, a global investment major, will be acquiring a 0.25% ownership stake in its subsidiary, Reliance Retail Ventures Ltd (RRVL), focused on retail and digital commerce. This transaction amounts to INR 2,069.5 Crores, and it values the retail giant at an impressive INR 8.36 Lakh Crores.

RIL has stated that KKR intends to expand its investment in RRVL through an affiliated entity, ultimately raising its overall ownership in the company to 1.42%.

“We highly value our deepening partnership with KKR, and their latest investment in RRVL after their previous investment further reinforces their strong belief in RRVL’s vision and capabilities. We look forward to continued engagement with KKR and to benefit from their global platform, industry knowledge and operational expertise, in our journey towards driving transformation of the Indian retail sector,” RRVL director Isha Ambani said.

With this capital injection, KKR’s cumulative investment in RRVL will reach INR 7,619.5 Crores. Back in 2020, KKR had invested INR 5,550 Crores to secure a 1.17% stake in the company. During that period, RIL’s retail division was appraised at a pre-money equity valuation of INR 4.21 Lakh Crores.

Commenting on the fundraise, KKR co-chief executive officer (CEO) Joe Bae said, “Throughout our investment period in Reliance Retail, we have been impressed by the company’s vision and extensive work to empower retailers across India through digitalization, as well as by its resilience and performance in spite of the pandemic and other disruptions.”

Under its corporate umbrella, RRVL encompasses brands like AJIO, JioMart, Netmeds, Milkbasket, and Trends. Additionally, the company holds a minority interest in the challenged quick commerce startup, Dunzo. RRVL asserts an extensive omnichannel network comprising over 18,500 stores and digital commerce platforms that span various segments.

The capital infusion comes days after Qatar Investment Authority revealed its commitment to invest INR 8,278 Crores in RRVL, setting the pre-money equity value of the company at INR 8.3 Lakh Crores.

Read More: Qatar Investment Authority to invest INR 8,278 Crore in Reliance Retail Ventures, strengthening Equity position

This development coincides with RRVL’s ongoing expansion efforts, characterized by new product launches and the inclusion of an increasing number of micro, small, and medium enterprises (MSMEs).

Whether it’s the relaunch of Shein in the Indian market or venturing into the beauty and personal care (BPC) sector with Tira, RRVL has diversified across various segments. In doing so, it has presented a significant challenge to the ecommerce domain, which has typically been dominated by startups.

Just last week, RRVL made headlines by revealing its acquisition of a majority 51% stake in the kids-wear and maternity-wear brand, Ed-a-Mamma, founded by actor Alia Bhatt.

In the first quarter of the fiscal year 2023-24, RRVL recorded a net profit of INR 2,448 Crores and generated INR 62,159 Crores in operating revenue. Notably, digital and new commerce segments contributed 18% of the total revenue for the quarter.

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Drought in Europe drives olive oil prices up by 60 percent, Indian consumers feel the impact

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edible oil
(Representative Image)

Get ready to exercise caution when using extra virgin olive oil on your salads, pizzas, and pastas, as its cost has skyrocketed from INR 850 to INR 1,100 per liter, and there’s a chance it could reach INR 1,500 soon. Projections indicate that pomace olive oil, presently priced between INR 400 and INR 500, might surge to INR 800 per liter.

Europe has witnessed two back-to-back years of drought, resulting in unprecedented price hikes. Importers have noted that prices have surged across all categories, with increases of at least 50 to 60 percent.

“I spoke to my Italian suppliers recently, and they said that there is unlikely to be any respite till the end of the year,” said an importer.

Indian consumers, who rely on imported oil, are already experiencing the repercussions.

“I have noticed a significant reduction in discounting on olive oil both in supermarkets and online,” said Prerna Bhamra, a resident of Vasant Kunj in Delhi.

India relies heavily on imported olive oil, with the vast majority (at least 90 percent) originating from Spain and Italy, and the nation is confronting numerous challenges as a result.

“Not only have the prices at source doubled over the past year, but the Euro has also appreciated by 12 percent to 13 percent, and we are still paying a 40 percent to 45 percent import duty on this higher price,” said Rahul Upadhyay, president of Indian Olive Association.

In the year 2022, India brought in a total of 13,433 metric tonnes of both extra virgin and pomace olive oil. Due to the substantial increase in domestic prices, the industry association has formally asked the government to lower import duties. MRK Foods, a company engaged in importing and supplying olive oil to more than 600 upscale restaurants and five-star hotels, has observed a rising demand for pomace oil.

“We have reduced imports of extra virgin olive oil by 30 percent and almost doubled imports of pomace,” said Dhiraj Dama, managing director of the company.

While numerous upscale Italian restaurants continue to utilize their existing inventory, smaller eateries have opted for substitute options. Certain customers have already detected alterations in the flavor.

“I have been visiting a small Italian cafe for a long time and I recently noticed a change in taste,” said Kavita Gupta, a resident of Kalyani Nagar in Pune.

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ITC launches Aashirvaad Svasti dairy line in Jharkhand, following success in Bihar and West Bengal

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aashirvaad svasti milk
Aashirvaad Svasti milk (Representative Image)

Diversified city-based conglomerate ITC Limited is making its mark in the dairy industry, as it announced on Monday its expansion into Jharkhand with the launch of a wide array of products under the ‘Aashirvaad Svasti’ brand. The company’s statement revealed that ITC will now cater to the consumers of the state by offering an extensive range of dairy products, including milk, curd, paneer, lassi, and the delightful ‘mishti doi’ (sweet curd).

Sanjay Singal, the Chief Operating Officer for Dairy and Beverages at ITC, mentioned that the company’s expansion of milk-based products into Jharkhand comes after successfully establishing a robust brand presence in both Bihar and West Bengal.

“The dairy products offered by the company are differentiated and innovative and have become an established brand in these two states within a short span of five years,” he said in the statement.

The Aashirvaad Svasti dairy products will be accessible at over 2000 general and modern retail outlets throughout Jharkhand, according to the company’s statement.

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Powerful Personalization: Transforming Your Marketing Strategy for Maximum Impact

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Personalization content

In the realm of modern business, where the digital landscape evolves at breakneck speed, one strategy has risen above the rest to capture the hearts and wallets of consumers: personalization. It’s not just a buzzword; it’s a game-changer. In this article, we’ll explore the transformative potential of personalization in your marketing strategy, promising unprecedented levels of engagement, loyalty, and impact.

The Personalization Imperative

Personalization is more than a trend; it’s a fundamental shift in how businesses connect with their audiences. Here’s why it’s imperative in today’s marketing landscape:

1. Tailored Experiences:

Personalization enables businesses to craft unique experiences for each customer. It’s about treating individuals as individuals, not mere data points.

2. Enhanced Engagement:

Personalized content resonates with consumers on a deeper level. It captures their attention, encourages interaction, and drives conversion.

3. Brand Loyalty:

When customers feel understood and valued, they’re more likely to become loyal brand advocates. Personalization fosters lasting relationships.

4. Data-Driven Insights:

Personalization relies on data analytics, providing valuable insights into customer behavior, preferences, and trends.

The Power of Personalization

Now, let’s delve into how personalization can revolutionize your marketing strategy for maximum impact:

1. Segmentation:

Divide your audience into segments based on demographics, behavior, and preferences. Tailor your messages to each segment’s unique needs and interests.

2. Customized Content:

Create content that speaks directly to individual customers. Personalized emails, product recommendations, and content recommendations can significantly boost engagement.

3. Dynamic Website Experiences:

Use personalization to tailor the content and offers displayed on your website in real time, providing visitors with relevant information.

4. Email Marketing:

Craft personalized email campaigns based on customer behavior and preferences. Address recipients by name and recommend products or content aligned with their interests.

5. Personalized Product Recommendations:

Implement recommendation engines that suggest products or services based on a customer’s browsing and purchase history.

6. AI-Powered Chatbots:

Leverage AI-driven chatbots that can engage customers in personalized conversations, answer questions, and offer assistance.

7. Behavioral Retargeting:

Use data on user behavior to retarget customers with relevant ads and content across platforms.

8. Location-Based Marketing:

Send location-based offers and recommendations to customers’ mobile devices when they are near your physical store.

9. Feedback and Surveys:

Collect feedback from customers to refine your personalization efforts continually. Understand what works and what doesn’t.

The Impact of Personalization

Effective personalization can yield significant results for your business:

  • Increased Engagement: Personalized content leads to higher engagement rates, from click-throughs to conversion rates.
  • Higher ROI: Targeted marketing efforts are more efficient and cost-effective, resulting in a higher return on investment.
  • Brand Loyalty: Customers who feel understood and valued are more likely to become loyal advocates for your brand.
  • Data-Driven Insights: Personalization generates valuable data that can inform future marketing strategies and product development.

Personalization isn’t just a trend; it’s a fundamental shift in how businesses engage with their audiences. By adopting personalization strategies across various channels and touchpoints, you can forge deeper connections, enhance engagement, and build lasting brand loyalty. Embrace the power of personalization, and watch your marketing strategy transform for unprecedented impact in the digital age.

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Content Marketing Mistakes to Avoid: Common Pitfalls and How to Overcome Them

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content marketing mistakes

Content marketing is a potent tool for engaging with audiences, developing brands, and driving growth in today’s dynamic corporate world. Even the best-intentioned content initiatives can fall victim to problems that stymie progress. In this post, we’ll look at some of the most typical content marketing blunders and offer advice on how firms may avoid them.

Mistake #1: Neglecting Audience-Centricity

One of the gravest content marketing errors is embarking on the journey without a deep understanding of your target audience. Your audience is your North Star, and neglecting them can lead you astray.

Solution: Prioritize audience research. Understand their demographics, interests, pain points, and preferences. Craft content that speaks directly to their needs.

Mistake #2: Over-Promotion and Self-Centeredness

Content marketing is not a megaphone for self-promotion. Bombarding your audience with promotional content can drive them away.

Solution: Balance promotional content with educational, informative, and entertaining pieces that offer real value to your audience. Earn their trust before making a sales pitch.

Mistake #3: Ignoring SEO and Discoverability

In the digital realm, visibility is paramount. Neglecting search engine optimization (SEO) can result in your content going unnoticed in the vast online landscape.

Solution: Incorporate SEO best practices into your content strategy. Perform keyword research, optimize your content for search engines, and use meta tags and descriptions effectively.

Mistake #4: Inconsistent Posting Schedule

Erratic posting schedules can leave your audience confused and disengaged. If your content appears haphazardly, you risk losing their attention.

Solution: Create a content calendar and adhere to it rigorously. Consistency in posting helps you maintain your audience’s interest and trust.

Mistake #5: Not Leveraging Analytics

Failure to analyze the performance of your content can result in missed opportunities for improvement and growth.

Solution: Use analytics tools to track key metrics like engagement, traffic, and conversions. Gain insights into what’s working and what needs adjustment.

Mistake #6: Resisting Adaptation

The business landscape evolves rapidly. Sticking rigidly to a fixed content strategy can hinder your ability to adapt to changing trends and audience preferences.

Solution: Stay flexible and open to change. If you notice certain content types or topics gaining traction, pivot to meet your audience’s evolving needs.

Mistake #7: Neglecting Content Promotion

Creating great content is only part of the equation. Failing to promote it effectively is a missed opportunity to maximize its impact.

Solution: Share your content across various channels, including social media, email newsletters, and relevant industry forums. Encourage your audience to share and engage with your content.

Mistake #8: Underestimating Content Repurposing

Your content can have a longer life and reach new audiences when repurposed into different formats.

Solution: Explore content repurposing by converting blog posts into infographics, podcasts, or videos. This not only extends content lifespan but also reaches diverse audience segments.

Mistake #9: Neglecting Mobile Optimization

With a significant portion of internet users accessing content on mobile devices, failing to optimize for mobile can cost you valuable engagement.

Solution: Ensure that your website and content are mobile-friendly, delivering a seamless experience for users on smartphones and tablets.

Mistake #10: Ignoring Relationship Building

Content marketing is not just about broadcasting messages; it’s about building meaningful connections with your audience.

Solution: Engage with your audience through comments, social media interactions, and email communication. Foster a sense of community around your brand.

Content marketing is a potent vehicle for businesses to engage with their audience and drive success. By steering clear of these common pitfalls and embracing the suggested solutions, you can chart a course toward content marketing success. Remember that mistakes are opportunities to learn and grow. Stay agile, listen to your audience, and keep refining your content strategy for sustained success in the ever-evolving world of business.

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Content Marketing for Startups: Building Brand Awareness on a Limited Budget

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SnackTeam
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Content Marketing for Startups

Launching a startup is like embarking on a thrilling adventure, but often with limited resources. When every penny counts, how can you effectively build brand awareness in a crowded marketplace? The answer lies in the art of content marketing—a cost-effective strategy that can yield remarkable results. In this article, we’ll explore how startups can leverage the power of content marketing to make their mark and establish a strong online presence without breaking the bank.

The Content Marketing Advantage for Startups

For startups, content marketing offers a multitude of advantages that align perfectly with the challenges they face:

1. Cost-Effective:

Content marketing is a budget-friendly strategy that requires more time and creativity than cash. It’s about leveraging your knowledge and insights to create valuable content.

2. Targeted Audience:

Content marketing allows you to reach your specific target audience by tailoring your content to their needs, interests, and pain points.

3. Long-Term Investment:

Content remains accessible and valuable over time. A well-constructed piece of content can continue to attract and engage your audience for months or even years.

4. Builds Credibility:

Consistently producing high-quality content establishes your startup as an authority in your niche, building trust and credibility.

5. Measurable Results:

Content marketing provides the means to track and measure the performance of your efforts, allowing you to refine your strategy over time.

Strategies for Cost-Effective Content Marketing

Now, let’s explore strategies to make the most of content marketing with a limited budget:

1. Define Your Audience:

Start by clearly defining your target audience. Understand their pain points, needs, and preferences to create content that resonates with them.

2. Quality Over Quantity:

Focus on producing high-quality, well-researched content rather than churning out large volumes of mediocre material. Quality content stands out.

3. Leverage SEO:

Optimize your content for search engines (SEO) to increase its discoverability. Use relevant keywords and follow SEO best practices.

4. Guest Blogging:

Contribute guest posts to reputable industry blogs. It not only expands your reach but also builds backlinks to your website.

5. Repurpose Content:

Extend the lifespan of your content by repurposing it into different formats. For example, turn a blog post into a podcast episode or a video.

6. User-Generated Content:

Encourage your satisfied customers to share their experiences with your product or service. User-generated content is authentic and persuasive.

7. Social Media Engagement:

Be active on social media platforms where your audience hangs out. Share your content and engage with your followers to build a community.

8. Email Marketing:

Build an email list and send regular newsletters featuring your content. Email marketing is a cost-effective way to nurture leads.

9. Collaborate with Influencers:

Partner with micro-influencers in your niche for content co-creation or promotion. They can help you tap into their engaged audience.

The Impact of Content Marketing for Startups

Effective content marketing can have a transformative impact on startups:

  • Brand Awareness: It helps you establish a strong online presence and build brand recognition.
  • Lead Generation: Content marketing attracts and nurtures leads, turning them into potential customers.
  • Credibility and Trust: Consistent, valuable content positions your startup as a trusted authority in your field.
  • Cost Savings: Compared to traditional marketing, content marketing offers a cost-effective way to achieve your marketing goals.

For startups looking to make a splash in a competitive landscape without burning through their limited budget, content marketing is the ideal strategy. By creating high-quality, audience-focused content, optimizing it for search engines, and engaging with your target audience through various channels, you can build brand awareness, establish credibility, and lay the foundation for long-term success. So, roll up your sleeves, embrace the power of content marketing, and watch your startup thrive in the digital age.

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The Power of Thought Leadership: Establishing Authority Through Valuable Content

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SnackTeam
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The Power of Thought Leadership

In today’s fast-paced commercial environment, where information is not only a source of power but also a currency of influence, basic competence frequently takes a back seat to a more dynamic and influential force: thought leadership. Thought leadership embodies expertise enhanced by the capacity to influence and inspire people in your business. It’s not about resting on your laurels; it’s about continually giving useful insights, pioneering novel ideas, and delivering forward-thinking viewpoints that distinguish you. In this post, we’ll look at why thought leadership is more than simply a desired trait; it’s also a critical approach for organizations looking to flourish and lead in their respective fields.

1. Credibility and Trust:

Thought leaders are trusted authorities in their field. Their content demonstrates expertise, which builds credibility and fosters trust among their audience.

2. Innovation and Vision:

Thought leaders are at the forefront of their industries. They pioneer new concepts, challenge conventions, and offer fresh perspectives, driving innovation and progress.

3. Audience Engagement:

Thought leaders engage their audience in meaningful conversations. Their content sparks discussions, encourages learning, and inspires action.

4. Networking and Opportunities:

Thought leaders attract opportunities for collaboration, partnerships, and speaking engagements, expanding their reach and influence.

Establishing Thought Leadership Through Content

Now, let’s delve into the strategies for establishing thought leadership through valuable content:

1. Identify Your Niche:

Determine your niche or specialization within your industry. Focusing on a specific area allows you to develop expertise that sets you apart.

2. Educational Content:

Create content that educates your audience. Share in-depth insights, industry trends, and practical advice that genuinely help your readers or viewers.

3. Original Research:

Conduct original research and share your findings. Data-driven insights add credibility and authority to your thought leadership.

4. Guest Contributions:

Contribute articles or guest posts to reputable industry publications. Sharing your expertise on established platforms amplifies your reach.

5. Engage in Industry Conversations:

Participate in industry-related discussions on social media, forums, and webinars. Thought leaders actively engage in conversations that matter.

6. Publish Authoritative Content:

Write books, whitepapers, or ebooks on topics within your niche. Authoritative publications enhance your thought leadership status.

7. Quality Over Quantity:

Focus on quality rather than quantity. Thought leaders produce content that is well-researched, well-written, and genuinely valuable.

8. Thoughtful Networking:

Network with other thought leaders and professionals in your field. Collaborate on projects, interviews, or joint content.

The Impact of Thought Leadership

Thought leadership offers several tangible benefits in the business world:

  • Enhanced Reputation: Being recognized as a thought leader elevates your reputation and positions you as an industry authority.
  • Lead Generation: Thought leadership content attracts leads who value your insights and may become clients or customers.
  • Business Growth: Thought leaders often see business growth through increased opportunities, partnerships, and sales.
  • Influence and Impact: Thought leaders have the power to shape industry trends, inspire change, and make a lasting impact.

Thought leadership is more than a buzzword; it’s a strategic approach to establishing authority, credibility, and influence in your industry. By consistently sharing valuable insights and innovative ideas through thoughtful content, you can rise above the competition, inspire trust, and lead the way towards progress. Thought leadership is a journey, and your valuable content is the vehicle that can take you there. So, start sharing your expertise and watch your influence grow in the business world.

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Mastering Social Media Content: Best Practices for Different Platforms

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Social Media Content

Harnessing the power of social media is no longer an option in modern company; it is a need. Social media platforms provide unique chances for connecting with your audience, increasing brand exposure, and driving engagement. It is important to note, however, that not all social media sites are made equal. Each has its own unique characteristics, demographics, and best practices.

Why Social Media Content Matters

Social media platforms have become essential tools for businesses for several reasons:

1. Audience Reach:

Social media platforms boast billions of active users. It’s where your audience spends a significant amount of their time.

2. Engagement Opportunities:

Social media allows for two-way communication. You can engage directly with your audience, fostering a sense of community and loyalty.

3. Brand Visibility:

Consistent and compelling social media content increases your brand’s visibility, making it easier for potential customers to find you.

4. Data Insights:

Social media platforms provide valuable data and analytics that help you understand your audience and refine your content strategy.

Best Practices for Different Social Media Platforms

Now, let’s dive into the best practices for crafting effective content on various social media platforms:

1. Facebook:

  • Use eye-catching visuals and videos.
  • Keep posts concise and informative.
  • Engage with comments and messages promptly.
  • Utilize Facebook ads to target specific demographics.

2. Instagram:

  • Showcase visually appealing images and videos.
  • Use Stories and Reels to provide behind-the-scenes content.
  • Utilize relevant hashtags to increase discoverability.
  • Collaborate with influencers for broader reach.

3. Twitter:

  • Craft concise and impactful tweets.
  • Engage in conversations and reply to mentions.
  • Use trending hashtags when relevant.
  • Share a mix of promotional and informative content.

4. LinkedIn:

  • Share thought leadership articles and industry insights.
  • Connect with industry professionals and engage in relevant groups.
  • Highlight company culture and employee achievements.
  • Use LinkedIn Ads for targeted B2B marketing.

5. Pinterest:

  • Create visually captivating pins.
  • Organize content into thematic boards.
  • Utilize keywords and SEO to improve discoverability.
  • Collaborate with other pinners in your niche.

6. YouTube:

  • Produce high-quality video content with clear messaging.
  • Optimize video titles, descriptions, and tags for SEO.
  • Encourage likes, comments, and subscriptions.
  • Consistency is key; maintain a regular upload schedule.

7. TikTok:

  • Create short, engaging, and entertaining videos.
  • Participate in trends and challenges relevant to your niche.
  • Use music and text overlays to enhance content.
  • Leverage influencer partnerships for increased visibility.

8. Snapchat:

  • Share temporary, behind-the-scenes content.
  • Utilize geofilters and lenses for branding.
  • Run time-sensitive promotions and contests.
  • Engage with your audience through Stories.

9. Reddit:

  • Participate in relevant subreddits as an active community member.
  • Share valuable insights and answer questions without overt self-promotion.
  • Use Reddit Ads for targeted campaigns.

Benefits of Platform-Specific Content

Adhering to platform-specific best practices brings several advantages:

  • Better Engagement: Tailored content resonates with platform users, leading to higher engagement.
  • Improved Visibility: Following platform guidelines increases the likelihood of content being seen and shared.
  • Relevant Audience: Crafting content that aligns with platform culture attracts a more receptive audience.

Mastering social media content involves recognizing that each platform is a unique ecosystem with its own set of best practices. By tailoring your content to suit the preferences and expectations of each platform, you can effectively engage your audience, enhance brand visibility, and drive meaningful results in the ever-evolving world of social media marketing. Stay agile, experiment, and watch your social media presence thrive across different platforms.

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Tenzing introduces Lime and Mint Fusion in its natural energy drinks range

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Tenzing’s lime and mint blend
Tenzing’s lime and mint blend

Tenzing has broadened its range of natural energy drinks by introducing a fresh lime and mint fusion.

Tenzing’s lime and mint concoction showcases the brand’s distinctive combination of natural caffeine, vitamin C, and electrolytes, maintaining its commitment to exclude any artificial additives, sweeteners, or flavorings.

As per the company’s statement, Tenzing boasts “a 60% reduction in sugar compared to conventional energy beverages.”

Huib van Bockel, Tenzing CEO and Founder, said, “We’re so excited to be launching lime and mint. We only ever use the best natural ingredients in our blends, and both of these ingredients bring so many benefits to the body. It’s a flavour combination favoured by nutritionists, and it’s one we know our Tenzing community are going to love.”

Tenzing’s lime and mint blend is available to purchase online from the brand’s website and will roll out in grocery stores across the UK from late next month.

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Westin Resort & Spa, Himalayas appoints Pankaj Singh Panwar as Executive Chef

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Pankaj Singh Panwar
Pankaj Singh Panwar

The Westin Resort & Spa, Himalayas, an esteemed establishment within Marriott International’s vast collection of properties in India, is pleased to announce the appointment of Pankaj Singh Panwar as its Executive Chef.

Pankaj will assume a multifaceted role, which includes the oversight of culinary operations, ensuring operational efficiency, and supervising guest experiences to ensure quality and satisfaction.

With over a decade of international hospitality industry experience, Pankaj Singh Panwar, a seasoned chef, will take on significant duties such as managing culinary operations, upholding rigorous quality standards, optimizing efficiency, and placing guest satisfaction at the forefront.

Pankaj, a graduate of Punjab National University, initiated his professional journey in 2010 with Wyndham Hotels.

Over the years, he has garnered invaluable experience through roles at renowned venues, including J.W. Marriott Aero City in New Delhi, Sofitel Luxury Hotel on Jumeirah Beach in Dubai, St. Regis, W Hotel at the Al Habtoor City complex, The Show at Mawal Club & Lounge, Hilton Al Habtoor City, and Marriott Executive Apartments in Dubai Creek.

Throughout his career journey, he has honed his expertise in various aspects of the culinary realm, including outlet management, culinary creativity, team supervision, staff training, quality control, recruitment, administrative responsibilities, and the art of delivering fine dining experiences.

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