Tag: FMCG

CCL Products (India) Ltd, the biggest instant coffee manufacturer in India, has acquired several coffee brands from the Löfbergs Group. The acquisition will help CCL to expand its business globally, including gaining access to major UK supermarkets. One of the brands acquired is Percol, a well-known brand in the UK instant coffee market with a focus on sustainability. This acquisition will allow CCL to innovate and introduce new products to the market while focusing on B2C and B2B marketing. Löfbergs Group will concentrate on Roast & Ground and Whole Bean business.

Join over 120 IT decision-makers at the Manufacturing IT Summit India on June 23. Explore Industry 4.0 and other pressing tech topics with top experts. Learn more at manufacturingitsummit.com/india/.

Indian equity markets hit an all-time high with BSE-listed firms' market capitalization reaching Rs 292.78 lakh crore. The rally in equities and positive global cues drove the uptrend, with financial services, bankex, and capital goods among the top performers. Foreign institutional investors turned net buyers of local equities, making investors richer by Rs 2 lakh crore on June 16th. The domestic market rebounded with strong buying in banking, pharma, and consumer stocks, while global markets in Seoul, Tokyo, Shanghai, and Hong Kong also ended in the green.

Rohit Jawa takes over as the new CEO of Hindustan Unilever. With 30 years of industry experience, Jawa is set to lead one of India's largest FMCG companies in these unprecedented times.