Sangam Dairy brought under AP Dairy Development Corporation
The State government has issued a withdrawal order bringing the Sangam Dairy under the AP Dairy Development Corporation. The Sub-collector of Tenali has been named as the person in charge with the responsibility of overseeing the smooth and uninterrupted operation of the unit. “In order to ensure that there is no further depletion of assets…
AP government has no power to take over Sangam dairy
TDP national official spokesperson K Pattabhi Ram on Tuesday asserted that the Andhra Pradesh government had no right to meddle in the affairs of the Sangam dairy since it had no shares in the milk producers’ company which was being owned by over 1.2 lakh dairy farmers spread over the Krishna and Guntur districts. Pattabhi…
Dodla Dairy Sebi’s go-ahead to float initial share-sales (IPO)
The two companies filed their preliminary papers with Sebi on February 15 and obtained its observations on April 23, an update with Sebi showed on Monday. Non-banking financial company Arohan Financial Services and Dodla Dairy, a leading dairy company in South India, have received capital markets regulator Sebi’s go-ahead to float initial share-sales. Sebi’s observation…
Arun Raste ED NDDB to take over as NCDEX chief
Arun Raste, executive director of National Dairy Development Board, will take over as the new Managing Director & CEO of agriculture focused National Commodity and Derivatives Exchange. His appointment is valid for five years. Raste will join NCDEX in due course of time, said the exchange in a statement. Earlier, market regulator Securities and Exchange…
Study finds milk may shorten lifespan, fermented milks are big exception
A growing body of research has linked milk consumption to potentially negative health effects, particularly when it comes to aging — and yet, other studies have found that consuming fermented milk products like yogurt and kefir may help protect health. A new study out of Germany explores the effects of pasteurized non-fermented milk on health and why…
How location mapping services are helping dairy and other businesses
Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets the Amul range of dairy products, was in a fix when the Centre announced the lockdown last year. While demand for dairy products surged, there were no takers for its frozen products. That’s when GCMMF decided to use the frozen products supply chain for transporting dairy products. “We have…
Demand for butter, cheese, ice-cream down 30-40%: Amul’s Sodhi
As India reels under a fierce second wave of COVID and lockdown fears loom, RS Sodhi, GM of Gujarat Co-operative Milk Marketing Federation (Amul) said that companies as well consumers are better prepared now and there is no panic buying. “This time for the second wave, which is more impactful and worsening day by day,…
Nestle India’s Net profit jumps by 14.6% in last quarter of FY 20-21
Revenue from operations for the quarter ended 31 March was up 8.5% at ₹3,610.82 crore from the ₹3,325.27 crore it reported in the year-ago period Packaged foods company Nestlé India on Tuesday reported a 14.65% jump in March quarter net profit at ₹602 crore, slightly ahead of Street estimates, as the company reported double-digit growth in domestic sales…
Chhattisgarh’s Godhan Nyay Yojana gets lukewarm response on ground
A recent parliament committee report praised Chhattisgarh’s Godhan Nyay Yojna under which the state government purchases cattle-dung from farmers, converts it into vermicompost and sells it to farmers with the aim of promoting organic farming in the state. Despite the state government’s claims and appreciation from the centre’s standing committee, the on ground data shows…
At Amul, we don’t check if our advertising is working or not: RS Sodhi
Speaking at AFAA’s ‘Inspiration’ series, (Asian Federation of Advertising Association), RS Sodhi, managing director, Gujarat Cooperative Milk Marketing Federation (GCMMF), stated how Amul doubled its faith in advertising during the first lockdown in India. Sodhi began his talk with what he called ‘the conclusion’, elaborating on why the company did so. “We did this simply because…