ITC completes acquisition of 24 Mantra Organic brand owner Sresta Natural
Multi-conglomerate ITC has completed the acquisition of Sresta Natural Bioproducts, which owns the ’24 Mantra Organic brand’ in an all-cash deal valued at Rs 472.50 crore. This will help ITC to expand its play in the fast-growing organic food products segment. “The company has completed the acquisition of 100 per cent of the share capital […]
MTR food owner Orkla India files IPO papers with Sebi
Orkla India, which owns spices and condiments brands MTR and Eastern, has filed preliminary papers with markets regulator Sebi for an initial public offering (IPO). The company’s IPO is a complete offer for sale (OFS) of 2.28 crore equity shares by promoter and other shareholders, according to the draft red herring prospectus (DRHP) filed on […]
Keurig Dr Pepper Unveils First-Ever State of Beverages Report
Keurig Dr Pepper KDP released its State of Beverages 2025 Trend Report, an inaugural, insight-rich report exploring the functional, emotional and generational dynamics driving America’s beverage choices. More than just a look at what’s in our cups, the report dives into why we drink what we do, drawing primarily from national surveys and KDP’s own proprietary […]
Mah FDA chief warns of strict action against businesses for food safety violations
Stringent action, including licence cancellations, fines and legal proceedings, will be initiated against establishments violating food safety norms, Maharashtra Food and Drug Administration (FDA) Commissioner Rajesh Narvekar said. As per the Food Safety and Standards Act 2006 and Food Safety and Standards (Licensing and Registration) Regulations 2011, vegetarian and non-vegetarian food must be prepared, processed, […]
