Chobani confidentially files for U.S. IPO, valuation may exceed $10 bln
Greek-yogurt maker Chobani could be valued at more than $10 billion in its initial public offering (IPO); a person familiar with the matter told Reuters on Wednesday, as the company confidentially filed regulatory paperwork for its stock market listing. The food sector has gained investor attention over the past few years; especially as fast-food chains…
Pride of Cows is expected to reach Rs 400 crore revenue by 2027-28
Parag Milk Foods, dairy FMCG company with brands like Gowardhan, on Tuesday said its premium milk brand ‘Pride of Cows’ is expected to reach Rs 400 crore annual revenue by 2027-28, following growing popularity for cows milk and value-added products including the newly launched fat-free milk. The company plans to expand its Bhagyalakshmi Dairy Farm,…
The rationale behind newly formed Min of Cooperation explained
On Monday, the government announced the formation of a separate Union Ministry of Cooperation. A subject that till date was looked after by the Ministry of Agriculture. In the Cabinet reshuffle of July 7, Home Minister Amit Shah was given charge of the new Ministry. What will be the new Ministry’s objectives? A media release…
Chobani confidentially files for U.S. IPO, valuation may exceed $10 bln
Greek-yogurt maker Chobani could be valued at more than $10 billion in its initial public offering (IPO); a person familiar with the matter told Reuters on Wednesday, as the company confidentially filed regulatory paperwork for its stock market listing. The food sector has gained investor attention over the past few years; especially as fast-food chains…
The rationale behind newly formed Min of Cooperation explained
On Monday, the government announced the formation of a separate Union Ministry of Cooperation. A subject that till date was looked after by the Ministry of Agriculture. In the Cabinet reshuffle of July 7, Home Minister Amit Shah was given charge of the new Ministry. What will be the new Ministry’s objectives? A media release…
The future of the Natural owners of Urban farming in Aarey milk colony
As the urban farming discourse in India has been expanding over the past few years; the limelight is often on upwardly-mobile urban citizens who take up farming for recreational, environmental, spiritual or economic reasons. More than half the world’s population is projected to live in cities by 2050. This raises the question about the availability of green…
Decline in global dairy price index at GDT continues for last 90 days now
Global dairy price index declined in sixth consecutive fortnightly session after April 6th . The price of AMF , Butter and SMP have declined from USD 6209 USD 5776 and USD 3367 per MT; to USD 5632, USD 4458 and USD 3126 per MT respectively in last 90 days. Cheddar Cheese and Lactose have declined…
Milk Mantra expects to have a revenue of ₹1,000 crore in 4-5 years
Milk Mantra expects to quadruple its revenue in the next four-five years to ₹1,000 crore; as it expands across eastern India both online and offline, says founder Srikumar Misra. The Bhubaneswar-headquartered dairy-company said it suffered distribution disruptions and took a hit on sales; during the Covid-19-induced lockdowns this year and in 2020, but it kept…
Ministry of Cooperation:To strengthen cooperative movement in the country
The Modi government on Tuesday created a separate ministry — Ministry of Co-operation — for strengthening cooperative movement in the country. A separate ministry has been created by PM Narendra Modi-led Central Government for realizing the vision of ‘Sahkar se Samriddhi’. This ministry will provide separate administrative, legal and policy framework for strengthening cooperative movement…
Ministry of Cooperation:To strengthen cooperative movement in the country
The Modi government on Tuesday created a separate ministry — Ministry of Co-operation — for strengthening cooperative movement in the country. A separate ministry has been created by PM Narendra Modi-led Central Government for realizing the vision of ‘Sahkar se Samriddhi’. This ministry will provide separate administrative, legal and policy framework for strengthening cooperative movement…