WORLD NEWS
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Zomato continues portfolio cleanup post-IPO, shuts down UK, Singapore businesses
INDIA – Indian multinational restaurant aggregator and food delivery company Zomato has closed two of its overseas subsidiaries – Zomato UK Limited (ZUK) in the…
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Mongolian dairy producer Suu Milk secures financing from EBRD, XacBank to support expansion programs
MONGOLIA – Suu Milk, one of Mongolia’s oldest dairies, has secured funding from the European Bank for Reconstruction and Development (EBRD) and the local lender XacBank to…
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PepsiCo India partners United Way to manage post-consumer plastic waste in Mathura
INDIA – PepsiCo India in partnership with United Way Delhi has launched “Tidy Trails” – a special initiative to sustainably manage post-consumer plastic waste in Mathura-Vrindavan. Tidy Trails…
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Global food prices rise sharply in August as FAO cuts estimates for world cereal production
GLOBAL – After easing in the previous two months, the Food and Agriculture Organization (FAO) food price index rose 3.1% in August to near a peak…
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India food regulator FSSAI asks e-commerce companies to end classification of plant-based products as dairy
INDIA – The Food Safety and Standards Authority of India (FSSAI) has directed e-commerce platforms to delist plant-based products as dairy milk products in line with a government regulation that non-milk products cannot be…