Advancing with its global expansion plan, American doughnut giant Krispy Kreme on Saturday opened a new retail outlet in Delhi.
The new outlet in the national capital has increased the total number of Krispy Kreme outlets in the country to nine. It is the company's first outlet in North India; all the remaining eight outlets are in Bangalore.
The store in south Delhi will offer a total of sixteen varieties of doughnuts, including the company's signature `Original Glazed Doughnut', in addition to beverages like coffee and tea.
Food Minister K V Thomas on Wednesday urged millers and sugar industry to diversify their products, raising his concern over tonnes of surplus sugar.
As per an estimate, the country already has 8.5 million tonnes of surplus sugar, and this year's bumper sugarcane crop is expected to further inflate the figure.
Speaking at an event organized by Indian Sugar Mills Association (ISMA), Mr. Thomas asked miller why to produce more than what can be consumed locally or exported to other countries.
Jubilant Foodworks, the operator of Dunkin Donuts and Dominos Pizza brands in India, on Thursday reported a year-on-year increase of 11.52 per cent in net profit for the quarter ended March 31 this year.
The company announced that its net profit jumped to Rs 32.17 crore in the January to March quarter, from Rs 29.33 crore in the corresponding period of the previous financial year.
Net sales jumped from Rs 282.95 crore in the final quarter of 2011-12 to Rs 365.75 crore in the same quarter of 2012-13.
Sources suggested about the announcements made by the Jubilant FoodWorks. The company is commissioning its factor factory called "commissary" at Zirakpur near Chandigarh.
It was suggested that the commissioning of the factory is being done because of an excellent response made by the customers of Domino's Pizza and Dunkin Donuts at the outlets of Chandigarh, Mohali, Panchkula and the states of Punjab, Haryana, Uttarkhand, Himachal Pradesh and Jammu and Kashmir.
According to the global rating agency Moody's, high food inflation in India is putting adverse effects on country's sovereign ratings.
The agency said that that the phenomenon is not good for country's fiscal and current account deficits. Fitch ratings and Standards & Poor's ratings have also demoted their position of India from "stable" last year and "negative" this year.
The government will likely not impose a minimum export price (MEP) on onion because the drastic increase in onion prices is due to supply constraints and not because of increase in demand, Maharashtra's additional chief secretary S K Goel said.
Prices of onion have jumped a whopping 57 per cent in the last one month. On Saturday, onion prices in the retail market jumped from to Rs 35 a kg, drastically up from Rs 15-18 a kg around two weeks back.
Frozen foods business Birds Eye Iglo is up for sale with a price tag of nearly _3 billion (£2.5 billion), according to The Financial Times.
Birds Eye Iglo, which supplies frozen poultry, peas and potato products, has been under the ownership of private equity group Permira for the last five years. Permira had acquired the business for _1.7 billion in 2006 from Uniliver.
It is the largest frozen food company by sales in Europe. Last year, it generated more than _1.1 billion in sales.
Food Minister K V Thomas has taken charge in January and since then he has resisted the export of foodgrain but he said on Wednesday that he support the export of wheat and rice to some extent as there is bumper production in the country.