Latest news with #AksharaSrivastava
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Business Standard
a day ago
- Business
- Business Standard
Jeera drink space hots up as Coca Cola strengthens play with RimZim
Relaunched in 2018, Coca Cola had acquired the cumin-flavoured Rimzim from Parle in the 1990s, but is only pressing the pedal on it now. The company did not respond to email queries premium Akshara Srivastava New Delhi Listen to This Article Soft drinks major Coca Cola's India arm is strengthening its presence in the country's ethnic flavoured beverages market with its RimZim brand. The Atlanta-headquartered company's bottlers in the northern region have already doubled production of the cumin-flavoured drink over the last few months. 'We are scaling our RimZim masala jeera soda offering to meet the rising consumer demand for traditional Indian homemade beverages,' a leading bottler told Business Standard. He added that RimZim's current production at his facilities had risen to nearly 4 million units a month, up 100 per cent from two years ago. 'This reflects the brand's strong
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Business Standard
4 days ago
- Business
- Business Standard
IHCL to continue with acquisition playbook with Clarks Hotels deal
IHCL to expand its midscale portfolio with Clarks Hotels rebrand, Tree of Life growth, and Brij Hospitality tie-up, targeting 700 hotels before 2030 and stronger pan-India presence Akshara Srivastava Mumbai Listen to This Article Taj Hotels' parent and the country's largest hospitality chain, Indian Hotels Company Ltd (IHCL), will continue its acquisition strategy after taking controlling stakes in ANK Hotels and Pride Hospitality — the operators of Clarks Hotels and Resorts — as it scales up in Indian and overseas markets. Puneet Chhatwal, managing director and chief executive officer of IHCL, which has a market capitalisation of ₹1.06 trillion, said the addition of 135 hotels will take the company's overall portfolio to more than 550 properties. 'IHCL is leading the midscale opportunity, and the potential for growth is nothing less than exponential. India's hospitality
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Business Standard
27-07-2025
- Business
- Business Standard
India-UK FTA will grow Scotland whisky market by $1 bn: Glenmorangie chief
Caspar MacRae, CEO of The Glenmorangie Company, says the India-UK Free Trade Agreement will make whisky more affordable in India, helping the market grow by $1 billion Akshara Srivastava Listen to This Article The recently signed India-UK Free Trade Agreement (FTA) will help The Glenmorangie Company cater to a wider consumer base in India, which it expects to become its largest market by volume in the next five years, a top executive said. 'India has always been one of our most important markets. The India-UK FTA is an enormous win for both the Indian consumer and the Scotch whisky industry. It will result in more affordable whisky for whisky lovers in India, while growing the whisky market for Scotland by about a billion dollars,' Caspar MacRae, president and chief executive officer (CEO) at
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Business Standard
18-07-2025
- Business
- Business Standard
Tourism boom, rising spend give wings to travel companies' IPO plans
Last week, airport quick service restaurant player Travel Food Services listed on BSE to raise Rs 2,000 crore premium Akshara Srivastava Gulveen Aulakh New Delhi Listen to This Article Travel companies are riding high on the post pandemic growth in domestic and international tourism and are taking this opportunity to list on the bourses. Last week, airport quick service restaurant player Travel Food Services listed on BSE to raise ₹2,000 crore. On the other hand, Cordelia Cruise Operator Waterways Leisure Tourism had filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) last month for an initial public offering (IPO) of ₹727 crore. The closely-connected hospitality industry is also expected to see a flurry of IPOs this year. LaRiSa Hotels and Resorts, for
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Business Standard
11-07-2025
- Business Standard
Fast-melting ice Shivling leads to surge in Amarnath Yatra cancellations
The 38-day Yatra is officially set to conclude on August 9, but many fear it may end earlier due to the rapid melting of the ice Shivling Akshara Srivastava New Delhi Listen to This Article As of Friday evening, over 145,000 pilgrims offered prayers at the sacred 3,880-metre-high Amarnath cave shrine in Jammu & Kashmir's (J&K) Anantnag district, following the flagging off of the much-awaited annual Amarnath Yatra on July 3. Over 400,000 online registrations for this year's pilgrimage notwithstanding, concerns over extreme weather, security, and logistical changes are dampening the spirits of tour operators and hospitality businesses. The melting of the Shivling within days of the start of the Yatra has raised fears of a sharp drop in footfall in the coming weeks. According to tour operators, the Shivling had significantly receded by July
