Author: HBI Staff | Hyderabad
According to Financial Express, Oyo Hotels & Homes has raised USD807 million from existing backer SoftBank and founder Ritesh Agarwal-led RA Hospitality Holdings, according to the company’s RoC filings sourced from business signals platform paper.vc. The investment is part of Oyo’s USD1.5 billion series F financial round announced in October last year. The latest investment will take Oyo’s total fund count to over $2 billion. The bulk of the fresh funds will be used to expand its business in the US, the company had said earlier. Last month, the Gurgaon-based firm said it narrowed its net losses in India from…
Texcare Forum India – LaundrexNet 2020 Conference marked its second edition on 15 February 2020 emphasising on the textile care sector implementing the fourth industry revolution and challenges that comes in-hand with it. It was held during the Laundrex India Expo at Mumbai, India. Organised by Messe Frankfurt Trade Fairs India Pvt Ltd and Virtual Info Systems, the Conference focused on the theme of ‘Industry turning to Laundrex 4.0’ that highlighted the penetration of digitally oriented technology in the Indian laundry and dry-cleaning industry. Inaugurated by prominent members from the industry, the 2nd edition of Texcare Forum India – LaundrexNet…
Kent RO has forayed into automotive security with its security device Kent CamEye car camera. With its dual-camera setup, Kent CamEye is capable of recording visuals both inside and outside the car, and the device also allows live video streaming of either camera. Furthermore, the device can record audio & time-lapse video of both views, when the car is in motion and uploads on a real-time basis on secure cloud storage. The product is designed and engineered in India. The next-gen dashcam cum car security system ensures the safety and security of the vehicle. The camera also has an in-built…
Pune to host first round of the Sixth season of Young Chef Olympiad 2020. The city will host 10 out of the 55 participating nations. The event will see eminent international chefs like Chef Andreas Muller, Chef Andy Varma, Karen Anand, Rahul Akerkar, Enzo Oliveri and several other judges. The 5-day long competition will include three rounds of tough challenges for cheftestants. The event will be held in India from 28 January to 2nd February 2020 across Delhi, Bangalore, Pune, Goa and Kolkata. The prizes include a cash prize of USD 10,000, the Winner’s Trophy and a Gold Toque. “YCO…
According to Economic Times report, In a bid to bring in investment and jobs to Jammu and Kashmir (J&K) and Ladakh, the food processing ministry plans to hold road shows and summits in the two new Union territories. It will also look at ways to ramp up food processing and agriculture activities in the two UTs. “Ladakh and J&K are endowed with high quality fruits and vegetables. We are looking at sustainable development of the region and hence exploring opportunities to strengthen the infrastructure, encourage entrepreneurs from the region and help food processing units with various central schemes,” said Reema…
Danfoss Industries, an industry leader in energy efficient solutions for refrigeration, HVAC, heavy industries and district energy, today unveiled six new innovative products from its Cooling Segment at RefCold India, 2019 held at Hitex Exhibition Centre, Hyderabad. These products are set to change the standard of applications for the industrial refrigeration and cooling industry. The products were launched by Arvind Surange, Sr. Consultant for Cold Chain in the presence of few esteemed customers, Danfoss representatives and several other industry dignitaries. The products launched are – Danfoss Intelligent Purging System (IPS)/Air Purger; Danfoss Gas Detector; Danfoss Plate Heat Exchanger; EKE 400;…
A seminar on Food Standards, Farming Policy and Trade organised by European Union in Delhi recently discussed ways to grow Agri-food trade between EU and India. The seminar brought together food and farming policy experts from the European Union, representatives of major EU food sectors (including dairy, meats, fruit and vegetables as well as wines and spirits), Indian government, research and academia and business representatives. The objective of the seminar was to explain how the European Union (EU) guarantees that its food and beverage products are safe, authentic and of high quality. Through the seminar, both EU and India got…
As part of strengthening and accelerating ‘Eat Right India’ movement, Food Safety & Standards Authority of India (FSSAI) has launched a campaign against Trans Fats. Dr. Harsh Vardhan, Union Minister of Health and Family Welfare formally launched the ‘Trans Fat Free’ logo of FSSAI in Delhi. Food establishments which use trans-fat free fats/oil and do not have industrial trans-fat more than 0.2g/100g of food, in compliance with the Food Safety and Standards (Advertising and Claims) Regulations, 2018 can display ‘Trans fat free’ logo in their outlets and on their food products. The use of the said logo is voluntary. Unveiling…
After the stakeholders meeting in Delhi, Harsimrat Kaur Badal, Union Minister for Food Processing Industries, announced the dates for the second World Food India (WFI) conference and exhibition in Delhi between November 1 and 4 this year. World Food India 2019 is aimed at positioning India as a destination for food processing in the world and will together the key global and domestic stakeholders in Food Processing Sector. The Minister chaired a meeting with various stakeholders of WFI 2019 including the associated Ministries and Departments, CEOs of major food processing companies and Industry Associations. This was followed by a second…
Sanjiv Puri has been appointed as the new Chairman of the ITC Limited. The Board of Directors of the company at its meeting held today has decided to elevate Sanjiv Puri, currently the Managing Director of the company also as the Chairman of the Company with effect from today, May 13, 2019. As per an official release by the company, Puri’s new designation is Chairman & Managing Director of the Company. Commenting on the development, Puri said, “It is an honour and privilege to be appointed the Chairman of ITC Ltd. It is a responsibility that I accept with humility…
