News

GST authorities have issued a Rs 6.37 crore demand notice to Britannia Industries. The bakery giant received the order from Thane CGST office. This is for incorrect classification of goods supplied between FY 2020-21 and FY 2023-24. Britannia plans to challenge the order through legal remedies. The company stated this will not materially impact its financials or operations.

Bengaluru-based iD Fresh Food has elevated co-founders Jafar TK and Shamshudeen TK to its Board as the company sharpens focus on scale, operational excellence and IPO readiness. The move comes as the fresh food brand prepares for expansion across markets and categories while strengthening governance and long-term strategy.

Bengaluru-based Jumbotail has partnered with Japan’s NEC Corporation, which will also make a strategic investment in the company, to accelerate the digital transformation of India’s kirana ecosystem. The collaboration will integrate NEC’s AI and retail technologies with Jumbotail’s B2B marketplace and new retail platform to improve inventory management, brand engagement, store operations and profitability for neighbourhood retailers.

Spanish olive oil major Deoleo has appointed Vishal Sarin as General Manager for India. Sarin brings over 25 years of FMCG experience. Deoleo aims to scale operations and deepen distribution for its flagship brand Figaro. India is a key growth market for the company. Sarin will oversee business strategy and commercial operations.

Cooking oil prices have increased by up to 5 percent. This rise is linked to higher crude oil prices and increased demand for biodiesel. Dry fruit prices, including dates, almonds, and pistachios, have also climbed. Disruptions in shipping routes from Iran, Afghanistan, and the UAE are affecting availability.