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ITC looking to spice up South India with a $1.4bn MTR deal: ReportIndian conglomerate ITC Ltd. is in early talks to acquire MTR Foods and Eastern Condiments from Orkla ASA for $1.4 billion. The acquisition...- MTR owner Orkla India to sell 10-15% via IPO, raise $300 millionOrkla India, owner of MTR and Eastern spices, is in early discussions to raise around $300 million via an IPO. The company aims to list bet...
- DS Group’s Catch Spices crosses Rs 1,000 crore in salesThe company said Catch has grown 24% year-on-year over the last two years, and has a reach in over seven lakh retail touch points and 1,500...
- Indian food market's competitive intensity higher: MTR ownerOrkla, a Norwegian investment firm, noted similarities in India's food preferences with some European countries but highlighted the market'...
- FMCG companies localise items to tap into local food preferencesMajor FMCG players in India are looking to tap into the potential of localised food item preferences, driving hyper-localisation and are ex...
- ITC adds breakfast items to its menuThe ready-to-cook, ready-to-mix and staples categories have higher margins compared with packaged commodities, but low penetration from bra...
- Incentive package to aid shift to packaged foodsThe PLI allocation for a five-year period includes incentives on ready-to-eat and ready-to-cook foods, mozzarella cheese, honey, marine pro...
- Centre urges industry players to buy vegetables, foodgrains from farmers to reduce crop lossesUnion Food Processing Industries Minister Harsimrat Kaur Badal pointed out this issue in a meeting with members of industry chamber FICCI v...
- MTR partners with Swiggy to deliver its packaged food portfolioWith this partnership with Swiggy, MTR joins wholesaler Metro Cash & Carry India and FMCG companies such as Marico and Britannia that have ...
- Tata Group explores ready-to-eat food marketThe ambitious entry into the ready-to-eat market was a bone of contention between former chairmen Cyrus Mistry and Ratan Tata, ET had repor...
- Big Basket's big plans for organic farmers in KarnatakaThe proposal is to supply and procure organic products including millets of approximately 800 metric tonnes, valued at Rs 14.50 crore from ...
- PepsiCo and ITC lay pitch for new marketing war, aims to launch healthier packaged snacksAs per estimates, PepsiCo is still far ahead in overall packaged snacks segment with more than a 50 per cent share, compared with ITC’s 16 ...
- Parliamentarians bemoan quality of almost-free lunch; shocked at prices of private caterersThe railways are supposed to run Parliament canteen on no-profit-no-loss basis. Any shortfall is met from budget allocation for LS & RS in ...
- IRCTC among nine caterers fined by Railways for 'bad food'Plagued by a no. of complaints regarding the quality of food, Railways have made a concerted attempt to improve quality of food being serve...
- Bagrrys India bets on innovations to take on MNCsShyam Bagri, media-shy CMD and founder of the country's first breakfast cereal maker, Bagrrys India, bets on innovation to see off competit...
- Norway co to buy MTR for Rs 350-crHighly-placed sources say that the Orkla-MTR deal should be closed in the next few weeks.
- US spice king McCormick may lap up MTRThe Bangalore-based processed food manufacturing company MTR, which has been on the block for some time, is close to closing a deal with th...
- It’s soon going to be a foodie delight for schoolchildrenConvenience food - so far a relief for working couples and bachelors while being an essential part of the armed forces’ backpack - could no...
- They're all lining up for MTRThe race for Bangalore-based marque food brand, MTR Foods, is hotting up. Sources said Britannia, ITC, Gopal Zarda and over 10 private equi...
- Open, heat, eat is the new meal mantraWhat’s cooking? Nothing really, if the likes of MTR, Haldiram’s, Cremica, ITC etc have their way.
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