On the production front, overall global tea production witnessed a marginal de-growth of 0.6% during 10M CY2019, primarily due to a fall in Kenyan production (around 8%), which offset the increase in Indian production to a large extent.
A study has revealed that drinking tea at least three times a week was connected with healthy years of life and longer life expectancy. The research was published in the European Journal of Preventive Cardiology, a journal of the European Society of Cardiology (ESC). Dr Xinyan Wang, who is the author of the study said, "Habitual tea consumption is associated with lower risks of cardiovascular disease and all-cause death. The favourable health effects are the most robust for green tea and for long-term habitual tea drinkers." The analysis that was conducted included about 100,902 participants of the China-PAR project2 with no history of heart attack, stroke, or cancer.
The maker of Coca-Cola, Thums Up and Sprite aerated drinks and Maaza mango drink is learnt to have sold off 10% of its companyowned bottling operations in four markets in North India to its existing franchise bottlers.
GSK, in a statement, said: “Using STEER’s state-of-the-art technology, high quality extruders, and dedicated personnel, the project has brought a new-to-world technology to fruition,involving numerous improvements compared to the traditional way Horlicks ism ade. The new process requires only half the footprint of a traditional factory, uses a fifth of the water and reduces the energy usage by 80%.”
To popularise the new product additions, GoliSoda is launching a three-week paayasam/ kheer festival across its ten operational stores in Hyderabad.
While thousands of Indians will probably eat khichdi, the popular comfort food, their cats and dogs will gorge on gourmet meals.
The burger patties of Beyond Meat and Impossible Foods, which use proteins from pea, mung bean, soy and potato, and which are said to approximate the taste of meat, are sold in US supermarkets and are served at the likes of Subway and Burger King. Tyson Foods and Nestlé are among the large companies that have joined Beyond Meat and Impossible Foods with their own offerings.
What are the hot new launches in the kettle for Starbucks India? Navin Gurnaney, CEO, Tata Starbucks tells us how the revenue picture looks like, plan for FY20, experiments with highway stores and more.
The $24.2 billion French company, with presence in over 80 countries, operates through two business models in India—on-site services or facility management and the consumer-facing coupons business. India contributes about 7-8% to Sodexo's global revenue.
The company will now work on a cold kitchen concept and prepare fresh food. The cafés would be about 800-1,500 sq ft with a per-store investment of about Rs 1 crore. It expects the return on investment to start within two-and-a-half years of a store first being set up.
KKR and Apax Partners are now conducting due diligence of the coffee chain as they are the only ones left in the race for stake in CCD. "After an analysis, the company (CDEL) had arrived at an amount that needs to be invested if CCD were to survive and those who opted out were not willing to commit the requisite amount," said a person involved.
The spirit of Christmas comes alive in the wide variety of desserts people in different countries prepare to celebrate the festival. Here is a look at some of them:
Matcha due to its innumerable health benefits has fast become one of the most widely adopted ingredients used in a variety of forms and concoctions such as regular tea, cold matcha beverages, food, and in cosmetics and personal care industry.
Various popular packaged foods brands and fast food such as Lays and Kurkure, Knorr, Maggi, Too Yumm, Domino’s Pizza, McDonald’s and several others were found to have much higher levels of salt than the thresholds set by industry body Food Safety and Standards Authority of India (FSSAI), the CSE report alleged.
The report names HUL’s Knorr and Nestle’s Maggi, Too Yumm chips endorsed by cricket captain Virat Kohli, Haldiram’s Classic Nut crackers, and samples at McDonald’s, Burger King, Domino’s, Pizza Hut and Subway with excessively high salt levels.
There is widespread speculation that rate increases will be announced at the GST Council meeting on Dec 18.
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