Indian Government rejects entry of Flipkart into food retail
DPIIT has decided to block the entry of Flipkart in the food retail business, the details pertaining to the decision have not been publicly revealed. Flipkart announced its plan to enter the fo....
C&S Wholesale Grocers to finance food banks, donate masks to hospitals
C&S has decided to donate 100,000 N95 masks to hospitals in 4 states and finance 22 food banks across the United States. C&S supplies 137000 products to 7,700 supermarkets, chain stores....
FDA loosens labeling rules for food manufacturers amid COVID-19 crisis
The U.S. FDA (Food & Drug Administration) has reportedly loosened the information and labeling rules temporarily amid the COVID-19 pandemic. This is the 5th time the agency has changed the rules f....
ITC enters SPA to acquire full equity share capital of Sunrise Foods
ITC Ltd., a multinational conglomerate company, is reportedly acquiring Sunrise Foods, a city-based packaged spice maker. The company has entered a SPA (share purchase agreement) to obtain 100% of SFP....
China ramps up efforts to stock up food and oil supplies amid pandemic
The on-going coronavirus pandemic has focused the world’s attention on the less availability of respiratory masks and ventilators in many nations. However, far less attention has been given to other....
Gojek join forces with Deliveroo to support its drivers in Singapore
The on-going COVID-19 outbreak has impacted the incomes of private-hire and taxi drivers, with few noting that their income had decreased by over 70% in recent months. In a bid to support its drivers ....
Swiggy to axe 1,100 jobs as Coronavirus scales down cloud kitchens
The unicorn company will provide at least three months of salary, along with one month of ex gratia for each year of employment. Swiggy is planning to scale down adjacent businesses that are go....
Lazzio Coffee registers 50% hike in sales during lockdown in Australia
The worldwide lockdown imposed to control the spread of deadly coronavirus has showcased an unprecedented rise in the purchase of various household goods. Aldi- a Germany based supermarket company has....
EnWave signs License Option Agreement with NuWave on ‘REV’ technology
Vancouver-based technology corporation EnWave has entered into a technology evaluation and license option agreement with Canadian bakery major NuWave Foods Inc. The object of this agreement is to eval....