Nandini milk price increase by Rs 2 per liter with additional 50 ml milk
Starting Wednesday, the Karnataka Milk Federation (KMF) will sell an additional 50 ml of milk in half and one-litre packets of Nandini and charge ₹2 extra for the same. While the Opposition condemned the price increase, which follows the petrol and diesel price hike, KMF said it was being done to help farmers as milk…
BJP seeks hike in incentive to dairy farmers, to stage protest in Udupi on June 26
The BJP Yuva Morcha will stage a protest in Udupi on Wednesday seeking a hike of ₹10 per litre in incentive to dairy farmers, according to Udupi unit president Kamalaksha Hebbar. Addressing presspersons in Udupi on Monday, he said that the protest will be in front of the office of Deputy Commissioner at 10.30 a.m….
Making of Manthan: Gujarat Land of Milk and Money
Cut to rural Anand in Gujarat right after Independence. A time of five-year plans being rolled out and nation-building. Manthan, Shyam Benegal’s cinematic telling of the success story of the state’s dairy farmers, which eventually led to the White Revolution, is like a silver slice of history. Manthan or The Churning from 1976 is once again in…
Should investors milk the profit in Heritage Foods now?
Heritage Foods (CMP: Rs. 626, Market Capitalisation: Rs. 5,814 crores, Under-weight), a leading dairy company with a diversified product portfolio that includes milk and milk-based products, posted a healthy revenue growth of 16 percent year on year (YoY) in the fourth quarter. This was primarily aided by a 20 percent increase in the volume of value-added…
Fate of dairy farms in limbo as Delhi High court weighs health concerns
The future of hundreds of dairy farms in Ghazipur and Bhalswa, where two of the city’s three landfill sites are located, hangs in the balance with the Delhi High Court scrutinising their compliance with legal and environmental standards. Late last month, the court had remarked that there was a need to shift Ghazipur and Bhalswa…
GST Council Recommends a Uniform Rate of 12% on all Milk Cans Meaning Steel, Iron, Aluminium
The 53rd GST council has recommended uniform rate of 12% on all meaning steel, iron, aluminum which are irrespective of the use. The Finance Minister Nirmala Sitharaman presided over the 53rd meeting of the GST Council today (22nd June 2024) at New Delhi with Revenue Secretary and CBIC Chairman. M Sitharaman said, “Council recommended to…
New laboratories will be established in four cooperative milk unions, says Mano Thangaraj
New laboratories will be established in four newly created district cooperative milk unions under the National Programme for Dairy Development (NPDD) to ensure the supply of quality milk products from farmers, announced Milk and Dairy Development Minister Mano Thangaraj, at the Tamil Nadu Assembly on Saturday. The labs would be set up in Cuddalore, Tiruvannamalai,…
How the Plant-Based Products Market Is Winning Investors’ Favor
The plant-based ingredients sector is undergoing a transformative evolution, driven by a significant shift in consumer preferences and innovative advancements within the industry. Historically overlooked by investors who perceived it as a mere commodity sector, the burgeoning plant-based ingredients market is now being recognized for its immense potential for value-added expansion and wealth generation. According…
EnNutrica IPO begins bidding today: Check GMP, price band, lot size
The milk products manufacturer EnNutrica’s initial public offering (IPO) opens for subscription today, June 20, 2024. The primary issue aims to raise Rs 34.83 crores comprising entirely a fresh issue of 6.45 million shares. EnNutrica secured Rs 9.90 crore from anchor investors on June 19. The anchor investor list includes Next Orbit Ventures Fund, Nova…
Retail inflation easing, food prices remain a concern: RBI
Retail inflation is gradually easing but the path has been interrupted by volatile and elevated food inflation, which may cause it to reverse after a temporary fall below the target during the second quarter of 2024-25, a RBI bulletin said on Wednesday. The central bank has consistently cautioned about the volatile food prices, particularly of vegetables and some cereals, which…