Tata Consumer Products in talks to buy 51% stake in Haldiram’s, snack
Tata Consumer Products Ltd (TCPL) and Halidram’s said there were no negotiations going on acquiring a 51 per cent stake in the leading snacks maker and restaurant operator. According to reports, the Tata Group’s FMCG arm is in talks with Haldiram’s to buy a majority stake, but not comfortable with a high enterprise value. Haldiram’s […]
Court orders ITC to pay Rs one lakh for a missing biscuit
alleged unfair trade practice after he complained that packets of the corporate’s biscuit brand Sunfeast Marie Light had one biscuit lesser than that advertised on the wrapper. The District Consumer Disputes Redressal Forum, in a recent order, also directed the company to “discontinue the selling of the disputed biscuits ‘Sunfeast Marie Light’ in Batch No.0502C36 […]
ASEAN-India focus on rice, millets to ensure food security
Agreeing to exchange information on rice and acknowledging the multiple benefits of millets, the ASEAN-India Summit held here on Thursday decided to strengthen cooperation on food security and nutrition through promoting mutual trade and investment. The Member States of the Association of Southeast Asian Nations (ASEAN) and India in the ‘ASEAN-Indian Joint Leaders’ Statement on […]
Centre for second PLI scheme for processing millet-based foods: Anita Praveen
The Centre is in the process of announcing a second round of production linked incentive (PLI) scheme for processing of millet-based foods in the country, secretary in the Ministry of Food Processing Industries, Anita Praveen said. She said that the scheme is in the approval stages and involves an outlay of Rs 1,000 crore. Speaking […]
PepsiCo’s food manufacturing plant to come up in Assam’s Nalbari
The ‘bhumi pujan’ (groundbreaking ceremony) for a food manufacturing plant of PepsiCo was performed in Assam’s Nalbari district. Chief Minister Himanta Biswa Sarma participated in the programme and said that the state is looking at a bright future in terms of private investment. “Today we marked the beginning of a Rs 770 cr PepsiCo plant […]
