Mars’ acquisition of Kellanova (formerly Kellogg’s) for $35.9 billion is expected to significantly benefit Mars in India, according to a news report. This acquisition leverages Kellanova’s robust distribution network, which is particularly strong in rural areas across India. Despite Mars being a larger entity globally due to its pet-food business, Kellanova’s...
First American Crude Oil Shipped to India
The first shipment of two million barrels of American crude oil costing $100 million will reach India in the last week of September, opening a new chapter in trade between India and the U.S. This consignment is a fraction of India's $70 billion oil import bill for 2016-17. Given the...
India's Mars Probe Completes 1,000 Days in Orbit
Originally designed to last only six months, India's Mars Orbiter Mission, also known as Mangalyaan, completed 1,000 earth days in orbit around the Red Planet, exceeding all expectations of the $74 million mission. Launched by state-owned Indian Space Research Organization on November 5, 2013, Mangalyaan entered Mars' orbit on September 24,...
French Space Agency, India's ISRO to Collaborate on Mars Mission
Centre National d’Etudes Spatiales (CNES), the French space agency, signed a letter of intent with the Indian Space Research Organization for French participation in the next Mars mission, with plans for launch in 2018. Jean-Yves Le Gall, president of CNES, said in an interview with Business Insider, “We know the...
Premier Chocolatiers Support Cocoa Sector in India
Confectionery News reports that at least five premium chocolate making companies are interested in India’s cocoa sector to be able to produce single-origin Indian chocolate. Such chocolates are made from cocoa beans harvested from a specific country. Switzerland’s Chocolat Stella and the Austria’s Zotter already produce single-origin Indian chocolate bars....
India’s Chocoholics Attract Duc d’O of Belgium
Belgian truffles made by Duc D’O are soon going to be available at India’s supermarkets. Chocolates imported from Belgium will face competititon from Lindt, Mars, Guylian and Ferrero Rocher. The latter brand rose from zero to the top three in India very rapidly, proving that there is plenty of room...