The Congress government in Karnataka on Monday decided to allow manufacture and sale of Maggi noodles in the state as it decided to withhold the Centre's directive banning it, saying it lacked clarity.
Homegrown firms in the fast moving consumer goods (FMCG) sector have outpaced many multinational companies in growth and market cap because of better consumer connect, inorganic growth and entry into global markets, says a report.
Indian mills have contracted exports of almost 100,000 tonnes of homegrown white sugar, but will likely struggle to meet an ambitious government target, traders said.
Prices of select pulses fell up to Rs 500 per quintal at wholesale market in the national capital on Monday, on the back of a series of measures announced by the government to curb rising prices and speculative activity.
FMCG firm Dabur India Ltd on Monday said sales of its Real brand fruit juices in India may be affected due to blockade of certain Indo-Nepal border crossings.
To prevent hoarding of pulses and check a rise in prices, the Centre on Sunday imposed stock limits on pulses held by licenced food processors, importers, exporters as well as large departmental retailers such as Big Bazaar.
Nestle, famous for its coffee and chocolate, is stepping up investment in nutritional therapy, a business it believes will eventually generate annual sales of 10 billion Swiss francs ($10.5 billion).
Samples of Maggi instant noodles tested by three laboratories mandated by the Bombay High Court have been found to be safe, Nestle India said on Friday. The announcement led to a 7 per cent rally in Nestle India shares.
Flipkart's Big Billion Days festive sale started on October 13 and will end on October 17. The sale of mobile phones opened on midnight last night.
Indian refineries selling sugar are benefiting from tight Thai supplies and longer shipping times from Brazil to key markets, European traders said on Wednesday.
With prices of pulses spiking to a record of up to Rs 190 per kg, the government on Wednesday swung into action with a number of measures including use of a price stabilisation fund and imports to cool prices and create a buffer stock.
Indian raw sugar export subsidies will not be renewed before state elections finish next month and mills are focused instead on exporting white sugar, trade and government sources said.
British brewer SABMiller announced on Tuesday it had agreed a takeover by Anheuser-Busch InBev, the world's biggest beer producer, in a deal worth about $109 billion (71 billion pounds or 96 billion euros).
A total of Rs 14,672 crore is saved in LPG subsidy in a year as a result of direct benefit transfer, the government said on Monday.
E-commerce major Snapdeal on Monday said it expects revenue of $100 million (about Rs 647 crore) from its electronics sales offer.
Anheuser-Busch InBev raised its takeover offer for SABMiller on Monday, as the world's largest brewer tries to win over its smaller rival to the idea of creating a giant that would make nearly a third of the world's beer.
Baba Ramdev has said that Patanjali is also planning to launch products like pasta, oats, juices and muesli soon and is targeting to achieve Rs 5,000 crore turnover this fiscal.
Patanjali's range of FMCG products, including staples, nutrition, hair care, skin care, dental care and toiletries, will be sold through Future Group's Big Bazaar, KB's and EasyDay outlets across India.