The Canadian agri-commodity company backed by private equity firm Fairfax hopes that Prime Minister Narendra Modi relooks at the quantitative restrictions and tariffs imposed on commodities like pulses. India is the largest buyer of pulses such as peas from Canada. Last year it imposed a 50% tariff on lentils to support the domestic farmers.
The Odisha Cold Storage Association, a body of 35 cold storage owners, is seeking incentives to revive its ailing units, waiver of loans and easier credit linkage. It has urged chief minister Naveen Patnaik to intervene, claiming that it is no longer able to run these units, which were set up at an averaged investment of about Rs 7 crore.
To promote Italy's gastronomic culture abroad, a 'Week of Italian cuisine in the world' is being held here from Monday. The seven-day event will exhibit Italian food especially its quality and excellence as cuisine is one of the essential components of the country's identity and culture, the Italian Consulate General said in a statement on Sunday.
The NCLAT observed that Pepsico India Holding cannot derive advantage of its own agreement with Oceanic Tropical Fruits over the Insolvency & Bankruptcy Code (IBC), which has provision of termination in case of bankruptcy or liquidation or similar situation to get the assets back.
The NCLT has directed lenders of debt-ridden dairy firm Kwality Ltd to reconsider the Rs 145-crore by Haldiram Snacks. Earlier the former had declined the Rs 142 crore bid of Haldiram Snacks which was the sole bidder for it.The NCLT has also extended the Corporate Insolvency Resolution period by another three weeks.
The Delhi-based bench of the tribunal has also extended the Corporate Insolvency Resolution period by another three weeks and directed the Committee of Creditor (CoC) to reconsider the enhanced offer. Earlier, the lenders of Kwality Ltd had rejected the Rs 142 crore bid of Delhi-based Haldiram Snacks, which emerged as the sole bidder to acquire the debt-ridden dairy firm.
It is a first-of-its-kind under Dr Reddy's nutrition portfolio and clinically proven to help manage blood glucose levels among Indian patients. The brand 'Celevida' is derived from two words 'Celebration' and 'Vida', which means 'Celebrate Life'. It is available in two flavours Kesar Elachi and Chocolate, which are taste tested with over 300 diabetics and prediabetics, it said.
The US agri-multinational hopes to capitalise on the increasing demand for healthy and preservative-free fruits and fruit derivatives, it said, estimating the market size at $100 billion in the country.
Discussions on a free trade agreement (FTA) with milk-producing countries such as New Zealand and Australia under the proposed Regional Comprehensive Economic Partnership (RCEP) may open up India’s sprawling dairy sector to foreign players from these countries.
As per Amul Managing Director RS Sodhi, Union Commerce Minister Piyush Goyal has assured that no decision will be taken by the Centre that will adversely affect the milk-producers in the country. The decision was conveyed to hundreds of milk producers who assembled in Anand on Thursday to mark the 74th Foundation Day of Amul.
The combined value of the deals in the first phase of the selloff is estimated at Rs 1,500-2,000 crore, one of the officials said. HCCB has 18 plants and accounts for two-thirds of Coca-Cola India’s volumes.
India is the 4th largest market globally for premium water brand 'smartwater'. Introduced in 1996 in US, smartwater was acquired by the Coca-Cola in 2007 and is now available in several countrie including UK, Australia, Canada and Middle East.
The milk survey was conducted with the objective of monitoring the safety and quality of liquid milk in the country. About 6,432 Milk samples were taken from across the country for adulteration concern and analysis.