Temptation Foods, a Mumbai-based fruit and vegetables export company, has acquired 100 per cent stake in Karen's Gourmet Kitchen (KGK), a foods brand managed by leading food critic, Karen Anand.
Corporate retailing of fruits and vegetables - once a domain of street side vendors - seems to be facing more troubles.
Inflation declined to about a 15-month low of 3.36 per cent mainly due to fall in the prices food articles like fruit and vegetables, pulses, and some manufactured items, raising hopes of cuts in the key policy rates by the Reserve Bank of India.
Inflation has dipped to 4.39 per cent for the week ended January 31, from 5.07 per cent in the previous week, says Commerce Minister Kamal Nath.
In the primary articles group, the prices of fruit, vegetables and bajra declined by two per cent each, while coffee became cheaper by one per cent. Also, raw rubber, groundnut seed and gingelly seed became cheaper by 6 per cent, 3 per cent and one per cent, respectively.
The increase in the rate of price rise, noticed after a gap of more than two months, was due to an eight-day nation-wide strike by truck operators, which began on January 5. Among the items that became expensive during the week were fruit and vegetables (9 per cent), wheat (2 per cent) and spices, milk, ragi and rice (1 per cent each).
Inflation declined for the tenth consecutive week today to 5.24 per cent for the week ended January 3, primarily due to decline in prices of food articles.
While India is one of the largest food producers of the world with the organised sector accounting for food output worth $34827 million, only a small percentage of its farm produce is processed into value-added products.
Fruits and vegetables, pulses, eggs meat and fish got expensive during the period, while some manufactured food articles like atta, maida got cheaper. Among other manufactured items, prices of cement, lead ingot and some basic heavy inorganic chemicals got dearer.
The Delhi high court on Tuesday allowed the Central Bureau of Investigation and the Enforcement Directorate's pleas seeking an early hearing into the appeals challenging the acquittal of former telecom minister A Raja and others in the 2G spectrum allocation case.
Inflation declines to 8.00 per cent for the week ended November 29 from 8.40 per cent in the previous week.
Focus on eating habits, sleep patterns, mental and physical fitness.
The food inflation edged up to 13.68 per cent for the week ended October 31, from 13.39 per cent in the previous week mainly on account of soaring vegetable prices.
Inflation has surged to over three-year high of 7.41 per cent due to rising prices of fruits and vegetables, pulses, cereals and manufactured items.
"There is no hike in vegetable prices. It's only the off-season fruits and vegetables such as green vegetables and early crops like lady finger and pumpkin whose prices are on the higher side," the study prepared by Delhi Agricultural Produce Marketing Board said. The report which was submitted to Chief Minister Sheila Dikshit two days ago has suggested vigilance on the retail market, saying the retailers were selling vegetables and fruits at higher prices.
Large retail chains like Reliance Fresh, Subhiksha and Spencer's have not been able to do sourcing of their entire farm products directly from the farmers.
With Reliance Industries' juggernaut rolling into the business of retailing fruits and vegetables, a number of traditional players in this segment are eyeing tie-ups with foreign firms and hiring experts to take on the competition.
The land transfer or subleasing would allow the Patanjali Group to set up the food processing facility and entitle it to other incentives under the central policy guidelines.
The country's fruits and vegetables retail segment has caught up the fancy of international companies even as domestic companies such as Bharti and the Tatas tie up with global firms for supply of farm produce.
Mumbai-based Temptation Foods has acquired the marine foods business of FMCG major Hindustan Unilever for an undisclosed sum.
The Safal National Exchange, an on-line spot exchange based in Bangalore has begun online spot trading in mangoes.
Inflation declines to 3.65 per cent for the week ended December 8, compared to 3.75 per cent in the previous week, mainly due to fall in prices of food articles and some manufactured items. The wholesale price index-based inflation stood at 5.63 per cent in the corresponding week a year ago.
High delivery costs, caused primarily by a fragmented supply chain, bad logistics, together with poor standards are hurting India's horticulture exports much more than trade barriers, according to a World Bank report.
'We've seen tremendous traction from fruit and vegetables.' 'Around 18% of our business comes from these, almost three times higher than physical stores.'
Inflation stayed negative for the third week in a row, at minus 1.3 per cent for the week ended June 20, even as prices of food like fruit and vegetables rose as compared to last year during the same period.
Inflation rises to 8.24 per cent for the week ended May 24, against 8.1 per cent in the previous week.
German multinational distribution chain Metro Cash and Carry International is planning to set up distribution infrastructure for agricultural produce in West Bengal.
The proposed facility would be entitled to various incentives under central and state policies.
Anuj Rakyan, the entrepreneur behind Raw Pressery, has seen his business valuation grow 50 times in a little over 3 years. The sky is the limit, he tells Rediff.com's A Ganesh Nadar.
During the week, prices of steel, condiments and spices, marine fish and fruits and vegetables escalated. Among the manufactured items, prices of aluminium, locomotives and railway wagons increased while the prices of iron and steel declined.
Reliance Retail Ltd launched operations of its Reliance Fresh in Uttar Pradesh with the launch of ten stores in Lucknow. These ten stores will open in different localities in Lucknow on Wednesday.
South Gujarat-based firm, Desai Fruits and Vegetables, is developing all-season mangoes. After successfully exporting mangoes to the US last summer, the firm in now keen on producing mangoes all the year round. Although Gujarat is known for its Kesar variety of mangoes, Desai Fruits and Vegetables is experimenting with Alphonso mangoes. The company hopes to come out with the variety for commercialisation in about two years' time. 3 foreign experts are working on this project.
The wholesale prices-based index stood at 4.72 per cent during the corresponding week previous year.
A study conducted on more than 77,000 people between the ages of 50 and 76 found that taking moderate to high doses of Vitamin E led to a significant increase in the risk of cancer.
Inflation increased to 4.13 per cent for the week ended June 23 compared to 4.03 per cent in the previous week mainly due to rising prices of food articles and manufactured products.
Apple farming - one of the major sources of revenue in the strife-torn Jammu and Kashmir - is in a grave crisis these days.
A quick checklist for you for this season.
Petty traders and vegetable vendors on Saturday vandalised three of the five Reliance Fresh food outlets in Ranchi
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