"In the third and fourth quarter of the last financial year, we had seen unorganised segment getting back in terms of revival, but that has suddenly taken a U-turn."
"We expect that India should drive our Asia business by 2030," Aashim Malhotra, VP and MD APAC, Food and Beverage Group, Dole Sunshine Company said.
Both will step into their respective roles with immediate effect, following the retirement of Robert Hunghanfoo, head of Connaught Plaza Restaurants Pvt Ltd (CRPL), a statement said.
"The amount of consideration for the acquisition agreed under the BTA is Rs 60.02 crore. ...The transaction is undertaken on a slump sale basis," Ruchi Soya Industries said. The acquisition will be completed in the next two months, it added.
"We have some media campaigns lined up... We were also looking at IPL. But we got out of the IPL deal due to the pandemic. Social media campaign is already live, television campaign we are seeing how things evolve and we will start again once things normalise," he said.
The initial contribution of Rs 50 crore is towards facilitating COVID vaccination, providing safety kits, creating awareness, and distributing beverages to the country's front line, to positively impact over 10 lakh Indians, it said.
In the wake of the second wave of infections, these apex rural bodies in several villages across India have banned the sale of cold items and prohibited entry of outsiders. This has also impacted the sales of FMCG items, ranging from chips and curd to fruit juices and biscuits as working hours of shops have been curtailed and entry of outsiders prohibited.
"We have seen near the end of the quarter and then into the second quarter, big rise in cases driven by religious festivities, state elections and probably some fatigue," Dirk Van de Put, chairman at Mondelez said at an earnings call adding that it expects a strong quarter despite the current situation.
“Extremely unfavourable weather conditions are prevailing in all the tea growing districts of Assam,” said Vivek Goenka, chairman, Indian Tea Association (ITA) and a leading tea producer. “Inadequate rainfall and a prolonged dry spell since the middle of March impacted the tea bushes. Tea estates in Assam are staring at a crop loss of 25% -50% in April.”
The unit will be operated by Amalgamated Plantations, an associate company of Tata Consumer Products. It is the second largest tea producer in India with an annual production of around 40 million kgs.
"While we stay at home, the KitKat travel break packs were aimed at bringing a smile in these tough times by celebrating beautiful locations. We got it wrong with the location of one of the packs celebrating wild life and we sincerely apologise for this unintentional error," a spokesperson of Nestle India said.
Mustard harvesting is currently on in Rajasthan, Gujarat, Uttar Pradesh, Madhya Pradesh, Punjab, Haryana, Bihar and West Bengal. “It is estimated that the country will produce around 85-90 lakh tonnes of mustard seeds this year,” said BV Mehta, executive director of the Solvent Extractors Association of India.