1. Capital Foods (CFPL) The Company manufactures and sells chutney, masala, sauces, noodles and soups under the popular brand names – ‘Ching’s Secret’ and ‘Smith & Jones’. Initially, Nestle was rumoured to be acquiring the Company. Finally, it’s Tata Consumer Products that has announced the deal. It’s a 100% acquisition for Rs 5,100 cr Full … Read more
Earlier this month, Zomato owned Blinkit announced a revised pay structure for it’s delivery executives. Previously, they were being paid a fixed Rs 25 per delivery and peak-hour incentive of Rs 7 per trip It has now been revised to a minimum of Rs 15 per trip with a distance-based component This led to the … Read more
Rohit Jawa will take over as MD & CEO w.e.f, 27th June, 2023 upto 26th June, 2028, i.e., for 5 years. He will also takeover as President, Unilever South Asia. He is taking both positions from the well respected veteran Sanjiv Mehta Sanjiv served at the position for 10 years, which one can consider to … Read more
Dabur India has announced acquisition of one of the oldest and very well established spice maker, Badshah Masala Private Limited. Key points to note – Badshah, established in 1958 has a strong brand recall across India. It was founded by Shri Jawaharlal J. Jhaveri and Indiraben Jhaveri and is currently managed by the second generation … Read more
Gujarat Co-operative Milk Marketing Federation Limited (GCMMF) that sells products under the Amul brand has forayed into organic whole wheat flour, and plans to expand the range to include organic pulses and rice, the cooperative said on Saturday. “The prime objective of launching Organic Atta is to help our customers embark on a mission to … Read more
Marico has acquired 53.98% of HW Wellness Solutions Private Limited, that operates under the brand name “True Elements” (TE). Key points to note – TE operating for last 5-6 years sells products in the healthy breakfast and snack segment. It offers 70+ products including oats, quinoa, muesli, granola, flakes, poha, upma, dosa, roasted seeds, seed … Read more
India’s biggest retailer Reliance will acquire dozens of small grocery and non-food brands as it targets building its own $6.5 billion consumer goods business to challenge foreign giants like Unilever, two sources familiar with the plan told Reuters. Reliance, run by Indian billionaire Mukesh Ambani, plans to build a portfolio of 50 to 60 grocery, … Read more
Leading food company Britannia Industries on Monday said it has judiciously increased prices in the January-March quarter on account of cost inflation and would further take such calibrated price hikes to retain its profitability. The Wadia group firm has “continued to take price increases judiciously and remained aggressive on the cost front,” said Britannia … Read more
Tata Consumer Products (TCPL) has decided to restructure the business of it’s 57.48% subsidiary Tata Coffee Limited (TCL). The proposed restructuring includes the following – Demerger of TCL’s plantation business into a new 100% subsidiary of TCPL. Merger of the remaining TCL’s business into TCPL. TCPL’s shareholding in TCL would be cancelled and non-promoter TCL’s … Read more