India

Indian Rice Exports In 2020/21 May Surge 15% As Buyers Stockpile Grain

India's rice exports could rise by as much as 15% in 2020/21 as buyers purchase lower-priced Indian supply to rebuild inventories after growers capped expo...

Diageo Exploring Options To Delist Indian Arm: Reports

Diageo Plc, the world's largest spirits maker, is exploring options to delist its Indian arm, United Spirits Ltd, by buying out minority shareholders, repo...

India Rice Prices Gain, Expensive Thai Offers Lose Out

Rice export prices from India held near a nine-month high this week on strong demand from buyers in both Asia and Africa, with Thailand losi...

GSK Sells $3.4bn Hindustan Unilever Stake In Largest India Block Trade

GlaxoSmithKline has sold its stake in Unilever's Indian business for $3.4 billion, marking India's largest block trade, which will help the British company...

India's Rice Export Prices Hit 9-Month Peak As Demand Recovers

Rice prices in top exporter India hit a nine-month high this week, boosted by a pick-up in demand from African countries even as supplies remain const...

Coronavirus Brews Trouble For Tea, Disrupts Supply As Demand Spikes

The COVID-19 outbreak is causing a rare stir in the usually staid global tea market, with labour lockdowns stifling supplies just as millions in lockdown d...

Unilever Announces Completion Of Horlicks Brand From GlaxoSmithKline

Unilever has completed the acquisition of the Horlicks brand from GlaxoSmithKline (GSK) in India, as well as acquiring a number of nutrition brands operati...

Walmart Taps Sameer Aggarwal As CEO Of Indian Unit, Says In Touch With Suppliers

Walmart Inc on Wednesday named Sameer Aggarwal chief executive officer of Best Price, its Indian cash and carry business, and said it was in touch with sup...