India

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...

Coronavirus Prompts Malaysia Palm Plantation Closures, World Vegoil Supply Concerns

Malaysia's palm oil plantations will stop operations for the next two weeks to comply with government orders to contain the spread of the coronavirus, a pr...

Thai Drought Raises Rice Supply Jitters, Vietnam Rates At Over One-Year High

Drought conditions in Thailand stoked concerns of a supply shortage and lifted rice export prices to a more than six-and-a-half-year high this we...

Carlsberg Aims To Quickly Resolve Dispute With JV Partner In India: Executive

Carlsberg is looking to resolve a commercial dispute with its joint venture partner in India, an executive said on Monday, amid a internal probe into the f...

Diageo Increases Stake In United Spirits Limited To 55.9%

Spirits giant Diageo has increased its shareholding in India's United Spirits Limited (USL) by approximately 0.70% to 55.9%. Diageo purchased 5,075,000...