Author: Bobby

KH News Desk (cbedit@imaws.org) Coffee Day Enterprises Ltd (CDEL) has recently disclosed a total default of Rs 465.66 crore on interest payments and the repayment of principal amounts on loans from banks, financial institutions, and unlisted debt securities. The company, which is actively working on reducing its debt through asset resolution, currently carries a total debt of Rs 490.66 crore, encompassing both short-term and long-term obligations. CDEL has attributed the delay in debt servicing to a liquidity crisis, as stated in a regulatory update. Specifically, the company has reported a default of Rs 215.11 crore on the principal amount of…

-KH News Desk (cbedit@imaws.org) Amidst opposition and criticism in Karnataka and Tamil Nadu, Amul has finally established itself in Southern India. On Tuesday, Andhra Pradesh Chief Minister YS Jagan Mohan Reddy conducted the Bhumi puja at Chittoor Dairy to commence the restoration works of the shutdown dairy plant, solidifying Amul’s position in the region. As part of the initial phase, Amul plans to invest Rs 150 crore in the plant and aims to process 1 lakh liters of milk per day within the next 10 months. This move is expected to have political ramifications in the coming days. Previously, Amul…

-KH News Desk (cbdigital@imaws.org) Subway, one of the world’s largest restaurant brands, is strategically expanding its global presence and recently achieved a significant milestone by signing its 15th new master franchise agreement within the past two years. These latest agreements, spanning Bahrain, Georgia, Mainland China, Uruguay, Costa Rica, and Panama, will pave the way for the opening of more than 4,000 Subway restaurants across Europe, Middle East, and Africa (EMEA), Asia Pacific (APAC), and Latin America and the Caribbean (LAC) over the next 20 years. Since 2021, Subway has successfully secured a total of 15 master franchise agreements or country…

-KH News Desk (cbdigital@imaws.org) Jubilant FoodWorks Limited, a renowned food company, introduces an exciting addition to its menu in Gujarat: the NEW RAGI SUPER CRUST Pizza. Gujarat, a prominent contributor to India’s agricultural industry, has been making significant progress in the production and promotion of millet. The launch event was graced by the esteemed Chief Minister of Gujarat, Honourable Shri Bhupendrabhai Patel. This new pizza offering from Domino’s is aligned with the United Nations’ declaration of 2023 as the International Year of Millets. By introducing this innovative pizza, Jubilant FoodWorks aims to promote the nutritional and ecological benefits of millets,…

-KH News Desk (cbdigital@imaws.org) JK MASALE, a renowned name in the spice industry, has made an impressive entry into the HORECA business in Rajasthan. With a rich history dating back to 1957, the company has built a strong reputation for providing pure and hygienically packed spices and food products. This foresight was efficiently guided by Late. Shri. Dhannalal Jain (Kala), the founding father of JK, a True Visionary. He encouraged the team to work with an aim to serve the market with consistency – in quality and services. JK Spices was one of the first companies to introduce Commercial packed…

-KH News Desk (cbdigital@imaws.org) SLAB Ventures Netherlands and AB InBev India have joined forces to introduce D’yavol Inception, a premium blended malt Scotch whisky designed for discerning individuals who appreciate refined living and authentic luxury. Building on the success of their previous offerings, such as D’yavol Single Estate Vodka and the exclusive limited-edition luxury streetwear line, D’yavol X, the launch of Inception marks the first Scotch whisky expression from D’yavol, embodying a true sense of excellence and sophistication. Bunty Singh, Co-Founder of SLAB, expressed excitement about the collaboration with AB InBev India and the introduction of D’yavol Inception. The blend…

-KH News Desk (cbdigital@imaws.org) AKU’s The Burger Co. makes its mark in Delhi with the opening of a flagship outlet in the prestigious Vasant Vihar locality. This spacious 48-seater establishment aims to become the top choice for those seeking a high-quality yet fast-casual dining experience.  Chef and Co-Founder, Akriti Malhotra, expresses, “We’ve brought in a new concept for the space but our vision for AKU’s remains the same. We will continue to bring you the most honest, handcrafted premium gourmet burgers in town, using only the freshest ingredients. We will provide the perfect place for anyone looking for healthy indulgence…

-KH News Desk (cbdigital@imaws.org) Reliance Brands, led by Mukesh Ambani and his daughter Isha Ambani expands its presence in the Indian market by partnering with iconic British restaurant chain Pret A Manger. This move poses a significant challenge to Ratan Tata’s Starbucks India. In an exclusive partnership, United Kingdom-based coffee and sandwich chain Pret A Manger recently opened its first store in India. Isha Ambani’s company, Reliance Retail, and its subsidiary, Reliance Brands, facilitated the agreement. As part of the deal, Reliance Brands plans to open a total of 10 Pret A Manger restaurants in India, with the initial outlets…

-KH News Desk (cbdigital@imaws.org) The company aims to cater to the growing demand for plant-based alternatives in the US market with its wide range of jackfruit-based products.  Wakao Foods, a prominent plant-based food company, proudly announces the successful shipment of its largest-ever consignment of renowned jackfruit products, weighing a whopping 13 tonnes. This marks the commencement of Wakao Foods’ venture into the United States market, with the first of two containers being sent across. The flag-off ceremony took place on June 22nd at Kochi Port, India, in the presence of esteemed individuals including Rajesh Agrawal, Chairman of APEDA, signifying the…

-KH News Desk (cbdiital@imaws.org) Barista Coffee Company, a renowned name in India’s café industry, proudly announces the grand opening of its first café in Ahmedabad, marking a significant achievement as the company’s 365th store. This milestone solidifies Barista’s position as a prominent player in India’s thriving coffee culture. Located in the heart of Ahmedabad, the newly inaugurated Barista café offers a unique experience for coffee enthusiasts, combining a vibrant ambiance with an extensive menu of beverages, including coffee and smoothies, accompanied by delectable food options. With its sophisticated decor and comfortable seating areas, the café aims to create a preferred…