Graviss Foods, the licensee of the ice cream company Baskin Robbins (BR), plans to open 1,000 outlets in India and the SAARC region by 2024, according to a press statement on Wednesday. The firm has committed Rs 100 crore to a new plant in India for 2022. With this, the firm has made its product available […]
LT Foods, known for its Daawat brand of rice, is aiming for a larger slice of the convenience foods market, anticipating revenues of Rs 800 crore by 2028-29. This move was followed by the company’s initiative to diversify from its core business of packaged rice, sold domestically in India and exported globally. In 2017, LT […]
Inox India’s initial public offering (IPO) will open for subscription on 14 December and end on 18 December. The anchor investor allocation will take place on 13 December. The corporation submitted draft paperwork in August of this year, and they were approved earlier this month. The offering is entirely an offer for sale (OFS) of […]
India’s largest multiplex operator PVR Inox will open 150 screens in the fiscal year 2025 with nearly Rs 500 crore investment, the news agency PTI reported. With the opening of a six-screen luxury cinema at Maison Inox on Thursday, the company now operates 118 screens across 23 properties in the megapolis. Overall, including its property in […]
The Union agriculture ministry has set a target of a record 3,320 lakh tonnes (332 million tonnes) production of foodgrains for the year 2023-24 as against the latest estimate of 3,235 lakh tonnes produced the previous year. Union Agriculture Minister Narendra Singh Tomar inaugurated National Conference on Agriculture for Kharif Campaign 2023-24 on Wednesday. The […]
Varun Beverages, one of PepsiCo’s franchisees on Monday reported a 69 per cent year-on-year (YoY) rise in its consolidated profit after tax (PAT) at Rs 429 crore in the quarter ended 31 March 2023, compared to Rs 254 crore the previous year in the same quarter, according to its regulatory filing. The company’s revenue from […]
Swiggy , a leading food delivery app in India, backed by the global internet group Prosus. The company recently launched a premium grocery delivery program called Handpicked, which was operating in some parts of Bangalore. However, for some reason, the program has been discontinued by the company. The positive takeaway from this is that Swiggy […]
In an effort to reduce costs, food tech company Swiggy has started charging all users a “platform fee” of Rs 2 each order, regardless of the amount of the basket. The extra fees, which were first implemented for users in cities like Bengaluru and Hyderabad, are currently solely applied to food orders and have not […]
The area under cultivation of various millets in India has been declining and the underlying reasons behind it could be attributed to the promotion of rice and wheat vis-a-vis millet production and lack of suitable initiatives towards millets, a Niti Aayog report said. The government think tank NITI Aayog released a report on Wednesday titled […]
Union Health Ministry in collaboration with Ministry of Housing and Urban Affairs has requested states/UTs to develop 100 food streets in 100 districts across the country, said a press release on Thursday. This initiative is being taken up as a pilot project to create an example for other such streets to come up across the […]
