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SPICES AND CONDIMENTS
Trump tariffs changed taste of foods in U.S? Label checking reveals shocking detailsTrump Tariffs have grabbed headlines and become the topic of discussion around the world. Now there is a reality-check on the food ingredie...- Nearly 1,000 kg fake chilli, garam masala, turmeric and coriander found in Delhi’s Khari Baoli, Asia’s largest wholesale spice marketPolice raided an illegal spice unit in Delhi's Khari Baoli. They seized 802 kg of fake spices. Adulterated materials like rice and industri...
- How gentleman’s relish sold smelly fish with snobberyPoet Dom Moraes's lament for his unmoored life in India, contrasted with his friend's English homecoming, highlights Gentleman's Relish as ...
- Why is Unilever hiving off its food business?Unilever is merging its food business with spice maker McCormick in a massive $65 billion deal. This move aims to reshape the company's foc...
- Candy or cure? Popular digestive Hajmola product faces GST troubleHajmola, a popular digestive tablet, is under GST investigation. Authorities question its classification. They want to determine if it is a...
- MTR Foods parent Orkla India restructures board ahead of its planned IPOOrkla India, which owns MTR and Eastern spices, appointed four non-executive independent directors to its board ahead of a planned $300 mil...
- 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...
- MTR Foods owner Orkla India explores IPO, eyes 2025 decision"We initiated a process to consider structural opportunities for Orkla India, including conducting an IPO readiness study. The results of t...
- 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'...
- Six companies add $1 billion of masala to topline in FY22The revenues of Everest, MDH, Catch and Shubham Goldiee expanded between 18% and 35%, though Eastern Condiments and Aachi recorded a margin...
- NCLT approves Viraki Consortium’s resolution plan for Himadri FoodsHimadri Foods was admitted by the Mumbai bench of National Company Law Tribunal (NCLT) under Corporate Insolvency Resolution Process on Dec...
- Homegrown condiments firm Spice Story enters US market through Amazon, eyes other international marketsThe company that offers ethnic Indian chutneys in a modern sauce format, expects to treble sales next fiscal, helped by increased penetrati...
- MTR Foods acquires controlling stake in Eastern Condiments“The transaction will double Orkla’s net sales in the fast growing Indian market, and the combination of MTR and Eastern will create a stro...
- MTR close to buying eastern condimentsMTR Foods, a subsidiary of Norwegian conglomerate Orkla, with revenue of almost ₹900 crore, makes and sells spices, condiments, ready-to-co...
- Eastern Condiments promoters look to sell majority stakeMeeran family holds 74% in co; McCormick too plans to sell its 26%
- Eastern Group appoints Santosh Cherian as CFOCherian is a chartered accountant with over 20 years of experience with Allianz, MRF and Hindustan Lifecare.
- Eastern group on the trail of Kerala spicesEastern group has announced a novel competition to discover the origins and the lost traditions about various spices in Kerala.
- Eastern ropes in ex-Google, PepsiCo executives to spruce up top deckManoj Varghese, the first manager hire in India by Internet giant Google, has joined Eastern as its top mentor.
- Eastern Condiments (P) Ltd achieves a gross turnover of Rs 480 crore in 2011-12Kochi Eastern Condiments (P) Ltd, leading player in branded spices and seasonings, has achieved a gross turnover of Rs 480 crore in 2011-12...
- When masala from God’s own country spices up lifeRs 300-crore Kochi-based Eastern Condiments has evolved into one of the top spices-to-masalas brands.
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