Foods / beverages
Mondelez and D E Master Blenders to merge coffee business
08 May 2014
Two of the world’s largest coffee sellers, Mondelez International Inc and D.E Master Blenders, are merging their coffee business to create the world's biggest pure-play coffee company with annual sales of $7.3 billion.
Wilmar International tables $1.18-bn bid for Australian food firm Goodman Fielder
28 Apr 2014
Australian food company, Goodman Fielder, today rejected an unsolicited $1.18 billion takeover bid from Singapore's agribusiness group Wilmar International Limited, saying the offer undervalued the company.
US scientists develop butter-like product from rice bran oil
25 Apr 2014
Unlike some shortening and margarines, the extract is free of trans fats, which contribute to increased risk of heart disease
French regulator orders Nestle to allow rival coffee capsules on Nespresso
17 Apr 2014
The French regulator yesterday ruled that Nestle should allow its competitors' branded coffee capsules to be used on its single-serve Nespresso coffee system
German scents, flavours maker Symrise to buy Diana Group for $1.8 bn
14 Apr 2014
Symrise is the world’s biggest supplier of fragrances, flavorings, cosmetic active ingredients and raw materials as well as functional ingredients
GS Capital in talks to sell Michael Foods for around $2.5 bn
12 Apr 2014
GS Capital Partners, an affiliate of Goldman Sachs is in advanced talks to sell US food processor and distributor Michael Foods Group in a deal worth around $2.5 billion
Procter & Gamble to sell most of its pet food business to Mars for $2.9 bn
10 Apr 2014
US multinational consumer goods company Procter & Gamble Co (P&G) yesterday struck a deal to sell most of its pet food business to Mars Inc for $2.9 billion in cash in order to focus on its core consumer business
US bacon prices to increase as virus kills pigs
09 Apr 2014
Nestle, Fresenius emerge frontrunners for Danone’s Medical Nutrition unit
04 Apr 2014
Analysts say that both Nestle and Fresenius are likely to face anti-trust issues in their quest to acquire Danone's Medical Nutrition unit
Banana suppliers Chiquita and Fyffes to merge in $1.07 bn deal
11 Mar 2014
The new company, to be called ChiquitaFyffes, would hold 14 per cent of the $7-billion global banana market, and have annual revenue of $4.6 billion.
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The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation
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