Starbucks is set to lay off approximately 1,100 corporate employees worldwide as part of an operational restructuring strategy aimed at improving efficiency and streamlining decision-making. The layoffs, announced in a letter from Chairman and CEO Brian Niccol, will primarily affect corporate support roles. However, roasting and warehouse employees, as well as frontline baristas, will remain
Milma will be organising regional workshops of its dealers to carry forward the Memorandum of Understanding it signed with Kerala State Cooperative Bank (Kerala Bank) last month to ensure greater credit flow to the dairy sector, including farmers and dairy entrepreneurs. As part of efforts to implement the agreement, Milma will also be collecting the
Revolutions are born from necessity, and Panchal Dairy is a testament to this truth. Named after the Panchal Rabari pastoral community of Gujarat, which rears the indigenous Panchali sheep, the brand has pioneered a movement in the dairy industry. Founded by Arpan Kalotra and Bhimsingh Ghanghal in a small village in Gujarat, Panchal Dairy has
Impact Fusion (OTC Pink: IFUS) is making strides toward global dairy innovation with a strategic collaboration in India. AgriGlow BioTech has successfully arranged a crucial meeting between IFUS executives Marc Walther (CEO) and Trey Schmidt (VP of International Affairs) with Mr. Meenesh Shah, Chairman of the National Dairy Development Board (NDDB), and Mr. Mansinh Patel,
In a landmark achievement, Türkiye’s butter production soared to an all-time high in 2024, presenting a potential solution to Europe’s ongoing butter shortages. However, existing export restrictions have prevented the country from fully capitalizing on this opportunity, said Harun Calli, president of the Turkish Packaged Milk and Dairy Products Industrialists Association (ASUD). Europe’s Persistent Butter
The global dairy industry is entering an era of steady expansion, driven by rising worldwide demand for dairy products. IndexBox’s latest report delivers a comprehensive analysis of the dairy produce market—covering market forecasts, consumption trends, production statistics, and international trade dynamics. This article breaks down the report’s findings to help industry professionals, investors, and enthusiasts
The Karnataka government is yet to decide on increasing milk prices by Rs 5 per litre, despite mounting pressure from the Karnataka Milk Federation (KMF) and associated stakeholders. Speaking in Ballari on Saturday, KMF Chairperson Bheema Naik revealed that the state government remains indecisive about the proposed price hike. “The demand is coming from farmers,
The Indian government’s Income Tax Bill 2025 marks a significant shift in the country’s taxation framework by bringing high-earning farming and dairy enterprises under taxation. Historically, agricultural income in India has been exempt from taxation to support small farmers and promote rural development. However, this exemption has occasionally been misused by wealthy individuals to channel
Aiming for Growth Amid Market Volatility Dodla Dairy, one of India’s leading private dairy companies, is charting an ambitious growth path. With plans to increase its production volume by 10% and drive revenue growth by 15% by March 2025, the company is making significant investments in infrastructure, market expansion, and product diversification. In an exclusive
The Madurai Bench of the Madras High Court on Friday permitted AR Dairy Food Private Limited to operate all its units except that of ghee and skimmed milk powder. Justice V Lakshminarayanan passed the interim order on a petition filed by the company, represented by its authorised signatory R Rajadharshini, challenging an order passed by
