Food

M&A, PE deals in consumer sector surge to 3-year high of $4 billion in Jan–March

The value of mergers and acquisitions (M&As) and private equity (PE) investments in India’s consumer and retail sector surged to a three-year high of nearly $4 billion in the January–March 2025 quarter, according to Grant Thornton Bharat’s latest quarterly deal tracker report. Topping the deal charts were two mega investments: Temasek, the Singapore-based PE firm, invested $1 billion for a 10% stake in Haldiram Snacks, while Wilmar International increased its holding in Adani Wilmar (...

December 3, 2024 4:39 PM

533 food and beverage complaints filed in consumer commissions over two years: Union Minister BL Verma

A total of 533 complaints related to the food and beverage sector have been registered in consumer commissions across the country in the past two years, Union Minister of State for Consumer Affairs, Food, and Public Distribution BL Verma informed the Rajya Sabha on Tuesday. Uttar Pradesh topped the list with 88 cases, followed by Rajasthan with 88 and Haryana with 57 complaints. Union Minister of State BL Verma provided the data in a written response to the Rajya Sabha. The Food Safety and St...