Dec 1, 2016 - Patanjali to set up Rs 1,666 crore food herbal park in Noida

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from TradeBriefs FMCG Daily Newsletter

Sree Vijaykumar

From the Editor's Desk
Once upon a time, we hated Wall Street, for its greed and apathy! Main street suffered, while the financial markets bloated up. Can we accuse Silicon Valley of the same? After all, people do lose jobs when an industry gets disrupted by technology (think automated cars vs drivers, airbnb vs hotels, amazon vs traditional retail). Yes, things become more efficient with technology and that is supposed to lift all boats, but does it? Erik Brynjolfsson, a professor at the M.I.T. Sloan School of Management, told MIT Technology Review, "Productivity is at record levels, innovation has never been faster, and yet at the same time, we have a falling median income and we have fewer jobs. People are falling behind, because technology is advancing so fast and our skills and organizations aren't keeping up." It is, he said, "the great paradox of our era." Full article by Om Malik here

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Britannia holds back product launches, expects demand revival in 9-12 months

Britannia Industries has postponed product launches and expects consumption to revive in 9-12 months.

NCLAT extends deadline to December 16 for implementation of Patanjali's bid for Ruchi Soya

NCLT had admitted the insolvency plea filed by two lead financial creditors Standard Chartered Bank and DBS Bank. However, later the Singapore-based DBS Bank became dissenting creditor and approached NCLAT challenging the distribution of proceeds from the bid submitted by Baba Ramdev-led Patanjali Ayurveda.

Antiperspirant And Deodorant Market to receive overwhelming hike in Revenues by 2018 – 2026

[Funding alert] Health food brand ‘And Nothing Else’ raises seed funding led by Matrix Partners India

Shashank Mehta, Founder of And Nothing Else, said the funds would be used to scale up quality hiring and build the company's manufacturing capability.

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