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Packaged foods company says it aims to have more customers with omni-channel approach
The management said that the go-to-market strategy and investments in brands & innovation helped the company register a robust topline growth of 16 per cent YoY
Wipro Consumer Care on Monday announced its entry into the packaged food and spice segment by acquiring Nirapara, one of the largest-selling traditional food brands in Kerala. The deal size was not disclosed by the company. The Wipro group arm has signed a definitive agreement with Nirapara, a company statement said. With this acquisition, Wipro Consumer Care joins FMCG firms such as Dabur, Emami, Tata Consumer Products Ltd and ITC, which are already present in the spices market. Launched in 1976, Nirapara is known for its blended spices. The brand leads in producing a large variety of spice mixes, and rice powder used in making 'appam', 'idiyappam', etc. "Nirapara is our 13th acquisition and gives us a clear foothold in the spices and read-to-cook segment," Wipro Consumer Care and Lighting and Executive Director - Wipro Enterprises Vineet Agarwal said. Presently, Nirapara's 63 per cent business comes from Kerala, 8 per cent from rest of India and the remaining 29 per cent from .
FSSAI said that if these 'fancy' adjectives are 'likely to mislead the consumer as to the nature of the food', the companies must put up a disclaimer on the front of the pack
The Swiss processed foods maker has significantly upped investments in its Indian subsidiary to expand its penetration in 'rurban' markets
At 10:33 am; the stock traded 6.8 per cent higher at Rs 405.35, with a market capitalisation of Rs 10,114 crore, the BSE data shows
Rule applies for exports in five categories of items, says regulator FSSAI
Tata Group is understood to have initiated talks with Bisleri International to acquire a stake in the packaged water company, according to sources. It is in a very preliminary stage and would be premature to say a deal would fructify, a person in the know of the development said. The Tata Group houses its consumer business under Tata Consumer Products Ltd (TCPL) which also sells packaged mineral water under the brand Himalayan and with brands as Tata Copper Plus Water and Tata Gluco+ in the hydration segment. The talks are understood to have been initiated by the Tata group FMCG arm TCPL. However, when contacted both the companies denied commenting over the development. "Tata Consumer Products does not comment on market speculation," said a Tata Consumer Products spokesperson in an e-mailed reply. A Bisleri International spokesperson also said it "does not comment on market speculation". According to industry observers, if the deal is finalised, it would provide the Tata group F
The second of a four-part series focuses on how food companies are yet to pass on the benefit of the decline in input prices to consumers
This will be led by factors that include economic growth, demographic dividend and growing e-commerce, said Nestle India Chairman and Managing Director
Generated bids worth over Rs 40,000 cr. Previously, only three tiny issues have garnered more than 200x subscription
While reports of slower sales growth in August pulled down share prices on Monday, analysts say medium term outlook remains healthy
Food or otherwise, product development is usually a lengthy process that entails understanding consumer needs and developing products accordingly
Kishore Biyani-led group has said that the present partnership is for distribution of Dole's packaged food in India; local manufacturing will follow
Mid-size entities like Manpasand Beverages, DFM Foods positioned well to tap new trends