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Haldiram's Stake Sale: Temasek in Talks for Over $1 Billion Stake in India’s Leading Snack Maker
access_time 2024-10-07T11:48:54.873Z face Avensha Singh
Haldiram's Stake Sale: Temasek in Talks for Over $1 Billion Stake in India’s Leading Snack Maker Introduction Temasek Holdings Pte., Singapore’s state-owned investment firm, is in preliminary discussions to purchase a minority stake in Haldiram Snacks Pvt Ltd., India’s largest snack maker. Sources f...
High Tax Hindering Growth of Carbonated Soft Drinks Segment in India: ICRIER Report
access_time 2024-10-07T11:07:33.158Z face Avensha Singh
High Tax Hindering Growth of Carbonated Soft Drinks Segment in India: ICRIER Report Introduction India's carbonated soft drinks (CSD) segment holds tremendous potential, but it remains constrained due to high taxes imposed under the Goods and Services Tax (GST) regime. According to a report by econo...
Scaling Up Food Processing in India by Tapping Households' Potential
access_time 2024-10-07T10:31:57.933Z face Avensha Singh
Scaling Up Food Processing in India by Tapping Households' Potential Introduction India’s agricultural output, particularly in milk, fruits, and vegetables, continues to grow. However, despite this abundance, the country’s food processing (FP) sector remains underutilized. Globally, around 30% of ag...
Lamb Weston to Close Washington Plant Amid Declining Demand
access_time 2024-10-07T09:50:40.617Z face Avensha Singh
Lamb Weston to Close Washington Plant Amid Declining Demand Introduction Lamb Weston, a leading supplier of frozen potato products, is set to close its processing plant in Connell, Washington, and reduce its workforce by approximately 4%, or 428 jobs. This move comes as part of a broader restructuri...
Amul’s Global Expansion: Ready to Enter the European Market
access_time 2024-10-07T09:19:45.155Z face Avensha Singh
Amul’s Global Expansion: Ready to Enter the European Market Introduction Amul, India's largest dairy brand, has achieved remarkable success with its recent launch of milk in the U.S. market. Now, according to Jayen Mehta, Managing Director of Amul and the Gujarat Co-operative Milk Marketing Federati...