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Britannia to launch croissant in second half of this year

22h livemint
New Delhi: Biscuit maker Britannia Industries Ltd is planning to launch croissant in packets during the second half of this year, said Gunjan Shah, vice president (sales) of the Kolkata-headquartered company. (6-0)

Closing Bell: Sensex falls 144 pts, Nifty manages to hold 10,500; PSU banks drag

2018-02-14 moneycontrol
The 30-share BSE Sensex was down 144.52 points at 34,155.95 and the 50-share NSE Nifty declined 38.90 points to 10,500.90. (17-0)

News Live: OVL offers to invest $6.2bn in Iranian gas field

2018-02-14 moneycontrol
With negotiations stuck over pricing of natural gas, ONGC Videsh has offered to invest $6.2 billion in development of Iran's giant Farzad-B gas field in the Persian Gulf while leaving the marketing of gas to Tehran, reports PTI. OVL had last year made its 'best' offer to spend $11 billion in developing the Farzad-B field as well as in building the infrastructure to export the gas but Iran has deterred awarding the rights of the field to the Indian firm owing to differences over pricing of fuel. (9-0)

News Live: South African police raid Gupta home, pressure cranks up on Zuma

2018-02-14 moneycontrol
Heavily armed South African police raided the luxury home of the Gupta family on Wednesday as part of a probe into allegations the three brothers had corrupt links with President Jacob Zuma, who has been ordered by the ruling ANC to quit as head of state, reports Reuters. The raid, which the state broadcaster said resulted in two arrests including one Gupta family member, came amid reports Zuma was preparing to tell South Africa he was stepping down after nine years in office dogged by scandal and economic stagnation. (5-0)

Market Live: Sensex ranged, midcaps continue to shine; RIL, HDFC twins support

2018-02-14 moneycontrol
2:15 pm Results Reaction: Dhanuka Agritech and Gateway Distriparks shares declined 1 percent each after weak operational performance. (15-0)

News Live: UltraTech, Dalmia Bharat lead bidders for Binani Cement, says report

2018-02-14 moneycontrol
Billionaire Kumar Mangalam Birla and an investor group led by Dalmia Bharat are emerging as the lead bidders for Binani Cement, which is being sold under the insolvency process, sources told Bloomberg. Birla’s UltraTech Cement and the Dalmia Bharat consortium have each made cash offers of around Rs 60 billion, sources said. (4-0)

News Live: PFRDA chairman says LTCG will not impact NPS Tier I, but Tier II a/cs

2018-02-14 moneycontrol
The proposal of long-term capital gains tax will not have much impact on the National Pension Scheme (NPS), a top Pension Fund Regulatory and Development Authority (PFRDA) official has said. "It will not have much impact on us. The investments in the National Pension System are made by our trust (NPS Trust) which is a tax-exempted body. As far as pension investments are concerned, LTCG will not have an impact," NPS regulator PFRDA chairman Hemant Contractor said in Kolkata. (3-0)

Market Live: Sensex off opening highs; PSU Bank index down 2%, heavyweights gain

2018-02-14 moneycontrol
10:12 am Expansion: FMCG major Britannia Industries has plans to launch around 50 new products under its existing as well as new categories by the end of the next fiscal as part of efforts to be a total food company, said a top company official. (15-0)

Britannia to add 50 new products to portfolio by next fiscal

2018-02-14 moneycontrol
FMCG major Britannia Industries has plans to launch around 50 new products under its existing as well as new categories by the end of the next fiscal as part of efforts to be a total food company, said a top company official. (3-0)

Britannia seeks dairy venture partner; to foray into value-added segments

2018-02-14 business-standard
Nusli Wadia-promoted Britannia Industries is looking to enter into a joint venture (JV) with a global player, to expand its presence in the dairy segment. At present, dairy is a Rs 4,000 million business for the food major. Within diary, Britannia’s focus has been the cheese segment, which includes products like cheese slices, cheese cubes and blocks that have a longer shelf life. With this joint venture, the company is looking to take complete control of the entire process — from collection of fresh milk to processing and then to introduction of value-added products such as cheese deserts, cheese rolls and lollypops, Varun Berry, managing director, Britannia Industries, told Business Standard. (3-0)

Britannia’s dairy business should grow to Rs1,500 crore in 5 years: MD Varun Berry

2018-02-13 livemint
Bengaluru: India’s dairy market is a tough nut to crack, as multinationals have found out the hard way. But for Britannia Industries Ltd, milk and dairy products is the way to go, as it tries to transition from a biscuit maker to a total foods company. A month after Danone SA of France decided to shut its dairy business in India, Britannia’s managing director Varun Berry spoke on the challenges in the dairy business, its premium biscuit portfolio driving domestic volume growth, and on the overall fast-moving consumer goods (FMCG) sector. (3-0)

Britannia to add 50 new products to portfolio by March 2020

2018-02-13 livemint
New Delhi: Consumer packaged goods major Britannia Industries Ltd has plans to launch around 50 new products under its existing as well as new categories by the end of the next fiscal as part of efforts to be a total food company, said a top company official. (3-0)

Britannia to add 50 new products to portfolio by March 2020

2018-02-13 moneycontrol
FMCG major Britannia Industries has plans to launch around 50 new products under its existing as well as new categories by the end of the next fiscal as part of efforts to be a total food company, said a top company official. (3-0)

News Live: Five killed, 15 injured in Cochin Shipyard blast

2018-02-13 moneycontrol
Five people have been killed and 15 injured in a massive blast at Cochin Shipyard, reports CNN-News18. (20-0)

News Live: Opec chief says he has Putin#39;s word that Russia won#39;t flood the market with oil

2018-02-13 moneycontrol
Retirement fund body EPFO is expected to keep interest rate unchanged at 8.65% on provident funds for its about 5 crore members for FY18 at its trustees' meet on February 21, 2018, sources told PTI. The Employees Provident Fund Organisation (EPFO) has already sold exchange traded funds (ETF) worth Rs 2,886 crore earlier this month to bridge the gap to maintain 8.65% for this fiscal, they said. (20-0)