WORLD NEWS
-
FAO grain index forecast decreases as Ukraine reports low grain export in November
GLOBAL – The United Nations Food and Agriculture Organization’s (FAO) forecast for world cereal production in 2022 has been cut by 7.2 million tonnes this month and…
-
US private equity Riverside snaps up Italian pasta maker Canuti
ITALY- Canuti Tradizione Italiana (Canuti), a family-owned producer of frozen pasta serving the food service channel, has been acquired by The Riverside, a US-based and…
-
India’s largest wine producer Sula Vineyards launches US$116m IPO
INDIA – Sula Vineyards Ltd, India’s largest winemaker, has set the price band for its initial public offering (IPO) at Rs 340-357 (US$4.13- 4.37) a…
-
PepsiCo plans for job cuts in North America Unit ahead of anticipated recession
US – PepsiCo, the maker of Pepsi soda, has joined the growing list of American companies reducing headcount ahead of an anticipated recession, according to…
-
AB InBev to inject additional US$60.8m into expanding Mysuru plant
INDIA – Belgium-based multinational brewer, AB InBev, has expressed interest to scale the production capacity of its plant in Mysuru with another ₹500 crores (US$60.8m).…