/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
India’s healthy drinks race heats up as the conglomerate takes on Pepsi and Coke by acquiring a controlling stake in a joint venture with the maker of zero-sugar, herb-infused drinks.
Reliance Industries has entered the herbal beverages market by acquiring a majority stake in a joint venture with Naturedge Beverages. The JV is with Reliance Consumer Products Ltd, the conglomerate’s fast-moving consumer goods arm.
Founded in 2018 by Siddhesh Sharma, Mumbai-based Naturedge sells herbal beverages under its flagship brand Shunya, a zero-calorie, zero-sugar drink. Sharma is a third-generation entrepreneur of the Baidyanath Group, a manufacturer of Ayurvedic products.
With the JV, Reliance Consumer aims to expand its beverages portfolio. “The healthy functional beverage space presents a large and rapidly expanding opportunity, driven by a strong consumer shift toward healthier, natural …
Instead of going after scale like Jio, the Sunil Bharti Mittal-led telecom giant is chasing a smaller but higher-quality customer base to grow its home broadband segment. Will the bet pay off?
While the Rs 9,000 crore promoter investment in Q1 brings a measure of reassurance, investors will still have to wait for Jio and retail to work through their challenges.
The FMCG major acquired the maker of Ching’s Secret to make the most of its high margins, but things didn’t go to plan. Two years and a few lessons later, TCPL is trying to change that.
