Shahrukh Khan is one of India's most loved "human brands", and while the drug controversy may have paused his endorsement engagements, it has not dented the superstar's popularity among corporate, as per industry experts. Right after the controversy around his son's arrest in an alleged drug case broke out, many companies halted ads featuring King Khan. Many of them are now back on screens.
Since 2015, Odisha has been embroiled in a bitter battle over the origin of the delicacy with West Bengal, which had in 2017 secured the GI tag for 'Banglar Rasogolla'.
Retail inflation slowed to 4.29 per cent in April from 5.52 per cent in March, mainly due to easing food prices, government data showed on Wednesday. The Reserve Bank mainly factors in the retail inflation based on Consumer Price Index (CPI) while arriving at its monetary policy. As per the data released by Ministry of Statistics and Programme Implementation, inflation in the food basket was 2.02 per cent in April, down from 4.87 per cent in the preceding month.
ITC operates only in the sugar confectionery arena, which limits its size of business.
Dabur is piggybacking on the equity of its digestive brand Hajmola to enter a new segment in confectionery - mints.
The facility, which will manufacture nicotine and nicotine salts, will conform to stringent US and EU pharmacopoeia standards that define purity levels at 99.2 per cent for nicotine meant for pharmaceutical products. ITC will leverage the institutional capabilities of its century-old leaf tobacco business for this. ITC's cigarettes business saw disruptions across the value chain with the onset of the Covid-19 pandemic. The company mentioned in its annual report that with easing of restrictions and improvement in mobility from September 2020 onwards, the business recovered progressively over the remainder of the year to reach nearly pre-Covid levels towards the close of the year.
As you are stuck at home owing to the coronavirus outbreak, here are eight images that will bring a smile on your face -- even if it's just for a while!
Most of the changes have come about in the last four years and ITC is now reaping the dividends - standalone revenues from the non-cigarettes FMCG business have grown 40 per cent from FY17 to Rs 14,728.21 crore in FY21 and pre-tax profits 30 times to Rs 823.69 crore. The business accounted for 30.58 per cent of gross revenues and 4.85 per cent of pre-tax profits in FY21. "In the last four years, our margins in FMCG have gone up by 640 basis points (bps) and EBITDA margins have been moving up consistently. "We created levers that enabled a sustained growth trajectory," said ITC chairman and managing director Sanjiv Puri. Puri took charge as the chief executive officer in 2017; in 2018, he was redesignated managing director and effective May 2019, he became chairman.
Food Safety and Standards Authority of India (FSSAI) has mandated to reduce the limit of industrially produced trans-fats, to not more than 2 per cent to make the country free from the industrially-produced trans-fats by 2022, a year-ahead of the WHO guidelines, the regulator said in a statement.
The global chocolate market is expected to grow $98.3 billion in 2016.
North America's confectionery major Hershey Company on Tuesday agreed to form a joint venture with Godrej Beverages and Foods Ltd, in which it would acquire 51 per cent stake, to manufacture and distribute confectionery and beverages in India.
Confectionery giant Perfetti Van Melle India is experimenting with new forms of communication
Dera Sacha Sauda, a quasi-religious cult with hundreds of thousands of followers, offers a wide variety of products and educational and health services, its website states.
'I am not disowning my earlier films, but I have no right to own them. I was not making them from my heart.'
Murugappa Group, promoter of Parrys Confectionery Ltd, on Friday divested its stake representing 60.39 per cent to leading $900 million (Rs 4,000 crore) Korean firm Lotte Confectionery Company Ltd.
With theatres remaining shut, new releases are making a beeline for OTT platforms, and companies are forging tie-ups to reach out to the target audience.
Sameer Suneja, 41, will take over as the chief executive of Perfetti Van Melle from October 1.
So far a total of 24,25,742 samples have been tested, the health ministry said.
The rate of price rise was at 6.77 per cent in June last year.
The Maharashtra government on Tuesday withdrew its lockdown relaxation norms for Mumbai and Pune regions, both coronavirus hotspots, and revised its last week's guidelines prohibiting door-to-door delivery of newspapers and magazines in the state.
The move is believed to be coming after Directorate General of Central Excise Intelligence slapped a notice demanding Rs 252 crore (Rs 2.52 billion) that was allegedly evaded by the chocolate maker for its new unit in Baddi, Himachal Pradesh even before it came into existence, official sources said.
According to government, the chocolate manufacturer wrongfully claimed exemption.
Let's take a look at best brands in the world, including five from India.
Chef Naresh Pannala of Saubhagya Confectionery from Hyderabad tells us how to make a black forest cake in less than 30 minutes.
Cruises past Nestle, Hitachi, Tesco to be ranked 39th on BrandFinance list.
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The baking industry which is touted to be a Rs 5000-crore industry by 2015 is expected to generate more employment and revenue in the next few years. Read on to know why this is the right time to pursue a career in baking and how.
India's factory output climbed 22.4 per cent in March, benefiting from the base effect of the lockdown-marred month a year back as well as a turnaround in the manufacturing sector, while retail inflation slipped to a three-month low of 4.29 per cent in April. The high positive annual growth in the index of industrial production (IIP) in March 2021 came on back of a contraction of (-)0.9 per cent and (-)3.4 per cent in January and February 2021 respectively, according to the data released by the National Statistical Office (NSO) on Wednesday. This turnaround was led by recovery in the mining, manufacturing and electricity sectors.
The Reserve Bank of India on Thursday raised its inflation projection to 5.1-4.7 per cent for the second half of the current fiscal on the back of spike in prices of vegetables such as onion and tomatoes.
The $50-bn foods major will ride piggyback on Cadbury's strong brand equity.
Oreo is around 100 years old brand and currently generates a revenue of $1 billion globally. In India, the company will be launching the biscuit in dark chocolate flavour.
Mars Inc set to open first chocolate factory in India.
Perfetti Van Melle, which does not have presence in the snacks category globally, is for the first time testing the segment with plans to launch its brand 'Stop Not' in India that will compete with the likes of Kurkure from PepsiCo and Parle Agro's Hippo.
The items prohibited for import into India from the neighbouring country would include chocolate and chocolate products, candies, confectioneries and food preparations with milk as an ingredient.
The company is currently present in Mumbai, Pune, Hyderabad and Bangalore and will concentrate only in the four metros.
Cadbury India said it will start local manufacturing of parent Kraft Foods' orange drink Tang, while it will also embark on a capacity expansion for its confectionery products.
Brands names are always critical, but -- as Ambi Parameswaran has discovered -- finding the right one for the Indian consumer requires something special.
Kraft, the American food giant, said in a statement on Tuesday that Cadbury's board had unanimously endorsed the offer worth 840 pence per share. The revised offer is for 500 pence cash and 0.1874 new Kraft shares for each Cadbury share.
As on February 4, Kraft Foods received valid acceptances in respect of 1,03,87,20,625 Cadbury shares (including those represented by Cadbury ADSs), amounting to around 75.41 per cent of the existing issued share capital of Cadbury, Kraft Foods said.
United Kingdom-based Cadbury, the world's second biggest confectionery company with huge operations in India, on Monday rejected a $16.7 billion takeover bid made by America's Kraft Foods Inc.
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