India-based private equity firm Everstone Group has completed the acquisition of Modern Foods, a bakery business of the Hindustan Unilever Limited (HUL). Following the acquisition, Everstone aims to triple the brand's revenue to Rs 10bn ...
Tags: Everstone, Modern Foods, Acquisition, Bakery business, HUL
Venture capital (VC) firm Sequoia Capital has invested in a craft beer brand Bira 91, which aims to capture the growing demand for craft beer in the urban market of India. Venture capital (VC) firm Sequoia Capital has invested in a ...
Tags: Craft Beer, urban market
Coal stocks at 17 major Indian ports totaled 11.52 million mt as of November 20, down 4.1% week on week, according to data released Friday by Indian ship broker Interocean. The stockpiles included 9.51 million mt of thermal coal, down ...
Tags: Coal, Anthracite, coking coal
Appropriately themed “Envision the future of lights” after its mission, the 20th edition of the Guangzhou International Lighting Exhibition had participants sharing inspirational ideas and innovative technologies. Dialogue of ...
Tibetan moviemakers are increasingly moving away from themes of scenery and mysticism to tell people stories. The Tibetan-language movie Tharlo has been nominated in four categories for this year's Golden Horse Award, a prestigious annual ...
Tags: movie, Cutting Cliches, culture
Singer Sa Dingding performs in London's Lancaster House on Oct 21. Chinese singer-songwriter Sa Dingding performed at London's Lancaster House on Oct 21 in the presence of President Xi Jinping and his wife, Peng Liyuan, at a creative ...
Tags: Sa Dingding, Lancaster House, Chinese music
Axalta Coating Systems is expanding its presence in India with investments that will enable the company to double production capacity and construct an automotive OEM coatings development laboratory at its operations center in Savli in ...
Tags: Axalta, OEM coatings
Tata Power announced it has launched a LED tube light initiative in partnership with Osram India and other equipment manufacturers in Indian city Mumbai, reported The Hindu. Under the initiative program, consumers can purchase five ...
AAK and Miyoshi Oils & Fats have partnered to launch a new company, AAK Miyoshi JP, for the Japanese market. This partnership will considerab ly extend the prerequisites for AAK's business in the local mar ket . This market is ...
Tags: Chocolate, Confectionery, Bakery, dairy, nutrition markets
Cosmo Films, a speciality manufacturer of BOPP Films, unveiled its range of barrier films at the recently concluded 4th Speciality Flexible Packaging Conference held in Mumbai, India. Mr Pankaj Poddar, CEO of the company also made a ...
India-based dairy company Prabhat is planning to improve its net profit in 2015-16 by using INR1.85bn ($27.9m) out of its INR3bn ($45m) public issue to reduce debt. The company, which recently ventured into value-added products such as ...
Tags: condensed milk, milk powders
Kellogg India is planning to establish a new R&D facility at Taloja, near Mumbai, in the state of Maharashtra. The move is in line with the company's strategy to increase its contribution to parent Kellogg's Asia-Pacific revenues from the ...
French yogurt maker Danone is improving the distribution of its products in India by combining its Indian dairy business with baby and medical nutrition units. The company has been working for over six months to organize its Indian ...
Tags: healthy products, dairy goods, yogurt
Thai Beverage's global unit International Beverage has made its entry into the Indian spirits market with the launch of single malts and gins. International Beverage will now market and distribute the products, under a partnership with ...
Tags: spirits, single malts, gins
The Cotton Textiles Exports Promotion Council (TEXPROCIL) has welcomed the inclusion of exports of cotton fabrics - both woven and knitted - to Bangladesh and Sri Lanka under the Merchandise Exports from India Scheme (MEIS), according to a ...
Tags: Cotton Textiles, Textiles