News

India's vegetable oil imports saw a significant drop of 28% in November. This decline was primarily driven by a sharp decrease in refined palmolein shipments. Overall palm oil imports also reduced. However, crude palm oil and canola oil imports saw an increase. Sowing of winter oilseed crops has risen. Edible oil stocks are lower than the previous month.

Nestle India is bringing in Nitu Bhushan as its new Head of Human Resources. She joins from Pernod Ricard. The company also announced other leadership transitions. Svetlana Boldina will move to a new role, and Satish Srinivasan will retire. Jagdeep Singh Marahar will take over technical operations. These changes occur as Nestle India faces stiff competition.

The court ruled that using the "COX 5001" trademark amounts to "passing off", a term used in intellectual property rights (IPR) law referring to making a false representation that is likely to mislead someone into believing that the goods or services come from another source.

Reliance Consumer Products is in advanced talks to acquire a majority stake in Udhaiyams Agro Foods. This company makes staples, snacks, and ready-to-cook breakfast mixes. The deal is expected to be mid-sized. Reliance aims to tap into regional markets first before a national rollout. This strategy mirrors previous acquisitions.

Food delivery firm Swiggy has successfully raised Rs 10,000 crore through its qualified institutional placement. Shares were allocated to domestic mutual funds and global investors. This significant capital infusion boosts Swiggy's cash reserves to approximately Rs 15,000 crore. The company anticipates an additional Rs 2,400 crore from the sale of its stake in Rapido.