Pushp Brand gets Sebi nod for IPO; A91 Partners, Sixth Sense to partially divest stake
Packaged spices company Pushp Brand (India) has received approval from Sebi to float an initial public offering (IPO), the markets regulator said. The IPO is an Offer for Sale of up to 74.45 lakh equity shares by existing shareholders. The company, which filed preliminary IPO papers in June, obtained ‘final observation’ from the regulator on […]
Sale of loose edible oil banned in country since 2011, says FDA commissioner Mundhe
Maharashtra Food and Drug Administration (FDA) Commissioner Tukaram Mundhe said the sale of loose edible oil has been banned in the country since 2011, and the action taken by his department to implement the rule was not aimed at any particular community. An FDA statement on Tuesday making it clear that the ban has been […]
Consumer panel slaps Rs 4.75 lakh compensation on Nagpur amusement park over expired food
Serving expired food and drink is not merely a deficiency in service but an irresponsible act, a consumer commission in Nagpur observed while directing an amusement park to pay Rs 4.75 lakh compensation over an engagement ceremony where guests were served expired bottled water and fly-infested sweets. The commission ordered the operators of Fun N […]
Haldiram has proposed a ₹1K Cr investment a new manufacturing plant in Odisha
Snack makers Haldiram Snacks one of India’s largest packaged snack and food companies, has proposed to invest Rs 1,000 crore in setting up a new manufacturing plant in Odisha. The company plans to invest in three phases for its savoury snack and baked product manufacturing unit. The state government has already approved its Phase-I investment […]
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