Ahead of festive season, adulterated paneer, milk, and oil raise alarms for food safety in Lucknow
As the festive season approaches, the spectre of food adulteration is casting a shadow over the culinary landscape in Lucknow. The Food Safety and Drug Administration (FSDA) Department has raised serious concerns about adulteration in staple ingredients such as paneer, milk, khoya, chena, and oil within the state capital. Alarming statistics reveal that approximately 75%…
Bikanervala to go for IPO in next three years
Indian sweet, snack, and restaurant chain group Bikanervala, with revenues of over Rs 3,000 crore, is working towards an initial public offering (IPO) for its food company in the next three years. Before that, it could also bring in private equity (PE) investors. The low-profile Aggarwal family-owned group company, Bikanervala Foods (which also sells under…
Milk procurement prices likely to remain stable/ lower in near term
ICICI Securities Report Key observations for milk prices based on our discussions with dairy companies and channel checks are: Wholesale milk prices have risen YoY in August 2023; there is a steady deceleration in milk price inflation in south India; inflation has declined from 12.8% in December 2022 to 9.6% in Aug-23 (but inflated on…
Sattvik Certification goes global, launches vegetarian, vegan food code in Singapore
Sattvik Certification has launched ‘Buddhist Codex’ in Singapore, in its first venture outside the country, to certify vegetarian and vegan food, the firm said. The firm is working on similar codes which will be launched in the United States and Canada by end of this year, the New Delhi-based firm said. Sattvik Certification founder Abhishek…
Future Consumer sells Nilgiri Dairy Farm to AVA Cholayil
The board of the Future Group FMCG arm in a meeting held on Tuesday, approved the sale of NDFPL business to AVA Cholayil Healthcare. Debt-ridden Future Consumer Ltd on Tuesday announced the sale of its dairy business Nilgiri Dairy Farm to AVA Cholayil Healthcare for a total consideration of Rs 67 crore. As per the…
Stellapps amongst 6 Indian Cos to feature on Forbes Asia’s ‘100
Forbes Asia today unveiled its third annual 100 to Watch list, which highlights rapidly growing small companies and startups making waves across the Asia-Pacific region. The companies on the list include those that are either targeting untapped markets or harnessing state-of-the-art technologies. Singapore leads the pack with 20 of its companies on the list. This…
A Splendid Commemoration: DS-Läderach opens 1st store at Delhi
The resounding success was celebrated with grandeur and elegance as Dr. Olivier Fink, Charge d’Affaires a.i. of the Embassy of Switzerland in India*, graced the event with his presence, highlighting the significance of the collaboration between Swiss luxury and Indian taste. Mr Rajiv Kumar, Vice Chairman of DS Group, stated, “The first exclusive Läderach store…
Can’t supply Nandini ghee to Tirupati and incur loss, KMF chairman
Karnataka Milk Federation chairman Bheema Naik said there is no question of supplying Nandini ghee for making Tirupati laddus and incurring loss. “It (KMF) is a farmers’ federation. Is it possible to supply ghee to Tirupati incurring a loss? There is immense demand for Nandini ghee in the market. Consumers are purchasing a litre of…
Mukhyamantri Swadeshi Gau Samvardhan Yojana launched in UP
LUCKNOW The Uttar Pradesh government has introduced the Mukhyamantri Swadeshi Gau Samvardhan Yojana, a part of the Nand Baba Milk Mission, with the aim of augmenting the income of cow herders, fostering self-reliance among them, and promoting the conservation of indigenous cow breeds, as announced by a government spokesperson on Saturday. The government released a directive…
Can’t supply Nandini ghee to Tirupati and incur loss, KMF chairman
Karnataka Milk Federation chairman Bheema Naik said there is no question of supplying Nandini ghee for making Tirupati laddus and incurring loss. “It (KMF) is a farmers’ federation. Is it possible to supply ghee to Tirupati incurring a loss? There is immense demand for Nandini ghee in the market. Consumers are purchasing a litre of…