Ferrero-related company to acquire Nonni’s Bakery
A Ferrero-related company, CTH Invest SA, announced that it has agreed to acquire Nonni’s Bakery from Vestar Capital Partners, a leading U.S. middle-market private equity firm. Founded in 1988, Nonni’s Bakery manufactures premium artisanal biscotti cookies and baked goods specializing in indulgent chocolate and inclusions-enhanced biscotti and “Cantuccini-type” cookies. In addition to its signature biscotti, […]
Government provides incentives to small tea growers
The Tea Development & Promotion Scheme for the period 2023-24 to 2025-26 inter alia includes a range of incentives for small tea growers by mobilising them into self help groups (SHGs) and farmer producer organisations (FPOs). The assistance is aimed to increase their productivity and quality, greater value addition and thereby greater price realisation. The […]
New Spanish research demonstrates the importance of consuming foods rich in Omega-3 to prevent alzheimer’s disease
A new Spanish study published in Alzheimer’s and Dementia: Diagnosis, Assessment & Disease Monitoring, found an association between high blood levels of omega-3 alpha-linolenic acid (ALA) from plant sources such as walnuts and better brain glucose utilization. This suggests a brain more resistant to the development of Alzheimer’s disease. In India, an estimated 5.3 million […]
Govt to decide on sugar MSP hike in coming days: Food Secy
The government is likely to take a decision on increasing the minimum selling price (MSP) of sugar within the next few days, Union Food Secretary Sanjeev Chopra said. Speaking on the sidelines of a conference organised by All India Sugar Trade Association (AISTA), Chopra said, “We are discussing the MSP (proposal). In the coming days, […]
Magicpin to invest Rs 100 cr to onboard 1 lakh new food delivery partners on ONDC
Hyperlocal e-commerce firm magicpin plans to invest Rs 100 crore over the next three months to onboard over 1 lakh new restaurants and cloud kitchens on the government-backed e-commerce platform ONDC, the company said. magicpin will invest funds towards offering onboarding incentives like zero commission, zero onboarding fees, and free home delivery, among others, for […]
