PACKAGED FOOD
Disney World: How to plan a cheap trip, save money, a complete guide to relish the magic
Disney World is always the go-to destination for children and teens but has seen rising popularity among the older generation as well. However, Disney World trips can be very expensive for your pockets at times but you can end up saving some decent bucks by following certain tips and tricks.
Delivery boxes unhealthy: Nutritionist calls out Swiggy and Zomato over plastic containers; Zomato CEO responds
Celebrity nutritionist Luke Coutinho recently called on food delivery platforms Swiggy and Zomato to switch to biodegradable, non-plastic containers for food packaging. Highlighting the health risks of using plastic, especially for hot foods, Coutinho's appeal emphasized the need for safer food delivery practices. Zomato CEO Deepinder Goyal responded positively, promising to highlight restaurants that use food-safe packaging, while Swiggy is yet to respond.
Beverage brand Rockit raises Rs 6 crore pre-seed investment
The company, which provides an array of energy drinks, is focusing on an omnichannel presence starting with North Indian states like the UP, Punjab, Rajasthan and Madhya Pradesh and gradually expanding pan-India.
Coca-Cola offers a $1-billion swig to India Inc families
Coca-Cola India is seeking to sell a minority stake in its subsidiary, Hindustan Coca-Cola Beverages, following PepsiCo's model of outsourcing bottling operations to Varun Beverages Ltd.
As Indians acquire healthier tastes, food companies pack it in
Indians are increasingly shifting towards consumption of low-salt, low-sugar, and nutrition-fortified packaged food, reflecting a growing trend towards healthy eating habits. Sales of such products have risen in the last five years, with urban India leading the shift, although rural areas are also seeing an increase. This shift is driven by concerns over high levels of sugar, salt, and fat in processed goods, amidst rising health issues like diabetes and obesity.
Food companies can't claim '100% fruit juice': FSSAI
The Food Safety and Standards Authority of India (FSSAI) has mandated that all food companies immediately stop labeling and advertising reconstituted fruit juices as ‘100% fruit juice’. FSSAI noted that many food businesses have falsely marketed reconstituted fruit juices as ‘100% fruit juice’.
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Cheeni kum: Fresh dietary guidelines try to hit sweet spot
The National Institute of Nutrition (NIN) and the Indian Council of Medical Research (ICMR) have recommended sugar content thresholds for packaged foods and beverages for the first time. This move could potentially impact most branded soft drinks, juices, cookies, ice-creams, cereals, and other items available online and on shelves. The NIN-ICMR dietary guidelines have been revised after 13 years.
Wai Wai maker CG Foods set to cut salt by 10-25%: CEO
The move comes amid tighter regulation and heightened scrutiny on packaged foods. "What the government is doing (in terms of regulation) is definitely welcome; it is positive for consumers, and positive for the ecosystem and a responsibility of all organisations towards consumers," Manvendra Amber Shukla said.
Plant-based food cos urge FSSAI to ease 'milk' label rules for plant-based dairy alternatives
Sethi called for FSSAI's chief executive officer (CEO) to engage with the industry, exchange ideas and foster collaboration to support startups and product innovation against bigger players. He proposed setting up "Plant Protein Clusters" across states to facilitate collaboration between institutes, startups and the government.
Shift towards sustainable packaging is helping companies minimise environmental impact, improve operational efficiency
There is a growing consumer demand that presents a mine of opportunities for businesses to reevaluate business strategies in terms of eco-friendly packaging.
Retailers cut stocks of impacted spice brands like MDH and Everest
About a third (32%) of retailers are limiting stocks of MDH and Everest branded packaged spices alleged to have contaminants exceeding permissible ethylene oxide levels, according to Kirana Club, which has 1.8 million kirana stores on its network.
Authorities inspect Everest & MDH units after ban on spices by Singapore & Hong Kong
Indian authorities address ethylene oxide bans on Everest and MDH. Spices Board mandates ETO testing, recalls products. Global ETO limits vary, supply chain and country-specific norms crucial for compliance.
Nestle India shareholders vote against increase in royalty to Swiss parent
Shareholders of Nestle India Ltd have turned down the company's proposal to raise the royalty payout to its Swiss parent. The resolution did not pass, with 57% of its shareholders voting against the plan, the packaged foods maker said in a stock exchange filing on Friday. The proposal was to increase the royalty by 0.15% of sales for each year over a duration of five years.
From Bikaner to Blackstone: The success story of humble Haldiram's
Since 2016-17, several private equity firms including General Atlantic, Bain Capital, Capital International, TA Associates, Warburg Pincus, Everston have been talking with the Agarwal family for a minority stake or a controlling one. Haldiram's journey from humble beginnings with a bhujia recipe to a billions-dollar empire is the stuff of business legends.
It's crunch time: Blackstone teams up with ADIA, GIC for Haldiram Snacks bid
A non-binding offer has been submitted to buy up to 76% of co at $8.5 bn valuation; 87-year old Haldiram with roots in Bikaner, Rajasthan is India’s largest snack and convenience foods company. Delhi and Nagpur factions of the Agarwal family are merging their snacks and packaged foods business, demerging the restaurant operations.
Label claims on packaged food could be incorrect & incomplete: ICMR
The Indian Council of Medical Research (ICMR) has cautioned that food labels on packaged items can often mislead consumers, urging them to carefully read information to make informed choices, as stated in the recently issued dietary guidelines. The report highlights that health claims on packaged foods may not always accurately reflect their nutritional content, with some products making incomplete or incorrect claims. For instance, products labeled as 'natural' or 'real fruit' may contain additives or minimal fruit content. Additionally, terms like 'organic' and 'sugar-free' can be misunderstood, leading to misconceptions about their health benefits.
Why are Indian spice companies facing global market heat, and what steps can regulators take to restore trust?
Global scrutiny on Indian spice industry post ethylene oxide contamination. Urgent need to enhance domestic market quality for export trust. Authorities and experts stress transparency and stringent measures for maintaining export integrity.
PepsiCo trials for well-oiled India chip machine on
PepsiCo India is experimenting with replacing palm oil and palmolein with a blend of sunflower oil and palmolein in Lay's, the country's largest potato chip brand. This comes amid backlash over the use of cheaper, unhealthy ingredients in packaged foods in India. In the US, PepsiCo uses "heart healthy" oil like sunflower, corn, and canola oil for Lay's. The India unit is also working to reduce salt in its snacks to less than 1.3 mg of sodium per calorie by 2025.
DFM Foods premiumises snacks portfolio; building biz attractive to strategic buyers in long term: CEO Vipul Prakash
DFM Foods, a packaged snacks maker, has shifted its focus from Rs 5 packs to larger packs of Rs 10 and Rs 20, in line with evolving consumer trends. This move is driven by urban demand, quick-commerce, and surging packaging costs. DFM has accelerated operational efficiencies and expanded distribution beyond the North to the East, with territories like the West and South expected to follow.
Cerelac has half the permissible limit of added sugar as set by FSSAI; allegations are racially stereotyped and untrue: Nestle India chairman
Nestle India Chairman & Managing Director, Suresh Narayanan, refuted allegations of racial stereotyping in the company's infant food formulation, asserting it's done globally. He stated the sugar content in Cerelac is within FSSAI limits and necessary for nutrition. Narayanan emphasized that local variations are based on regulatory needs and raw material availability, denying any racial bias. He highlighted a reduction in sugar content over the years and stressed adherence to global standards.
MDH says its products are safe; rejects pesticide allegations
The CFS asked consumers not to buy and traders not to sell MDH's Madras Curry Powder (spice blend for Madras curry), Everest Fish Curry Masala, MDH Sambhar Masala Mixed Masala Powder, and MDH Curry Powder Mixed Masala Powder.
French pet food maker Royal Canin opens new plant in Maharashtra with ₹100 crore investment
The new packaging center, which is Royal Canin’s first facility in India, will have automatic packing machines and associated utilities installed for conversion of bulk products into retail packs catering to Indian pet owners requirements. The company didn't rule out the possibility of exports from the facility in future. The Indian pet care industry is worth $700 million and is growing at 15% annually.
Initiate action against Nestle: Nidhi Khare, Consumer Affairs secretary
The company, which also sells the Maggi noodles, Kitkat chocolates and Nescafe coffee, said in a statement that its products were manufactured in the country “in full compliance” with standards set under CODEX (a commission established by WHO and Food and Agriculture Organization) and local specifications pertaining to the requirements of nutrients including added sugars.
Social media user alleges that the upma provided by IndiGo contains more salt than Maggi
Influencer claims IndiGo's 'upma' and 'poha' have more sodium than Maggi. Daal Chawal has same sodium as Maggi. FSSAI regulations require nutritional data on IndiGo flights. Show-cause notice issued to IndiGo by FSSAI. High elevations affect taste buds.
Nestle may face strict action by Indian food regulator if found guilty in sugar controversy; brand issues clarification
Nestle adds sugar to infant milk sold in less affluent nations including India but not in its primary markets like Europe or the UK, reported ToI. The revelation came to light when "Public Eye," a Swiss investigative organization, and IBFAN (International Baby Food Action Network) dispatched samples of the company's baby food items marketed in Asia, Africa, and Latin America to a Belgian laboratory for examination.
Branded packaged staples regain favor among consumers amid commodity price decline
This has pushed up the volume or number of units sold growth rate of packaged staples in commodities where prices have fallen as compared to the loose market – in a reversal of trend during FY22 and FY23 when consumers had shifted to loose products due to sky high inflation.
Samara Capital eyeing 50% in Del Monte Foods as well as a minority stake in Godrej Tyson Foods
The proposed deals reflect increasing investor interest in the ready-to-eat packaged foods categories, as convenience and accessibility drive aspirational demand of western-style foods even in tier-3 and 4 markets. On top of that, quick commerce and ecommerce are enabling impulse consumption and deeper reach. Both potential deals are expected to be housed in the new $150 million roll-up platform for packaged foods.
Samara, consortium of investors set up $150-million platform for packaged foods
The platform will be similar to Sapphire Foods, which Samara Capital had set up for food services, which operates Yum! Brands' quick-service restaurant (QSR) chains KFC and Pizza Hut in India. The Samara Capital-backed platform, to be called Agro Tech Foods, has begun with Sundrop edible oil, peanut butter and ACT II popcorn as its first brands.
Nestle misses Street estimates in December quarter
The maker of Maggi noodles and KitKat chocolates, which follows a calendar year, said one-time service cost of ₹107.3 crore impacted profits.
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