Lotte to enter snacks segment; to invest USD 300 million in India
South Korean multinational Lotte will expand its products beyond ice cream and choco pie as it plans to enter the snack segment riding on the popularity of K-food and K-pop in India, said a top company official. Lotte, which opened an ice cream manufacturing facility in Pune for its Havmor business, has plans to launch […]
Adani Wilmar faces Rs 42 lakh penalty from UP GST department
of Rs 42 lakh on the company along with tax demand. In a regulatory filing, Adani Wilmar informed that it has received an “order passed by the Deputy Commissioner, CGST & Central Excise Division, Lucknow-I, levying penalty of Rs 41,99,465 equivalent to the tax demand under Uttar Pradesh GST Act, 2017.” The order has been […]
Vitafoods India 2025 ignites powerful knowledge exchange, elevating the future of Nutraceuticals
The 3rd edition of Vitafoods India, organised by Informa Markets in India, India’s leading B2B exhibition organiser, commenced today at Pavilion 1-2, Jio World Convention Center, Mumbai. Taking place from 5th to 7th February 2025, the event serves as a premier platform tailored to the rapidly evolving Indian nutraceutical market. This year, the event featured […]
APEDA’s financial assistance schemes boost 47.3% surge in India’s F&V exports
The Department of Commerce through Agricultural and Processed Food Products Export Development Authority (APEDA) provides financial assistance to its member exporters of APEDA from across the country, for export promotion of its Scheduled products, including for Fruits & vegetables, under Agriculture and Processed Foods Export Promotion Scheme of APEDA for the 15th Finance Commission Cycle […]
ITC to acquire Prasuma, expanding footprint in frozen and ready-to-cook foods
Prasuma, a leading brand in the frozen, chilled, and ready-to-cook foods segment, for greater footprint in the Rs 10,000 crore sector. The company announced that by April 2027, it will invest around Rs 187 crore to acquire 62.5 per cent of Prasuma. The valuation for the remaining 37.5 per cent will be decided at a […]
Agro Tech Foods completes acquisition of Del Monte Foods
Agro Tech Foods, which owns brands such as ACT II popcorn and Sundrop, announced completion of its deal to acquire Del Monte Foods from Bharti Enterprises through a share-swap deal. The company did not disclose the deal value. Agro Tech Foods Ltd’s (ATFL) acquisition of Del Monte Foods Pvt Ltd (DMFPL) solidifies its position in […]
