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Food;Mergers & Acquisitions

McCormick to absorb Unilever Foods in $44.8 billion deal to form global taste giant

McCormick & Company has agreed to combine with Unilever's food division in a Reverse Morris Trust transaction valued at $44.8 billion. The deal creates a flavor entity with $20 billion in annual revenues while transitioning Unilever into a pure-play consumer care business.

India;United Kingdom | 2 months ago

Food

AfDB invests $15 million in SPE PEF III to back growth-stage African businesses

The African Development Bank Group has approved a $15 million equity investment in SPE PEF III, a private equity fund targeting growth-stage companies in North Africa and select sub-Saharan markets. The fund focuses on manufacturing, business services, and human capital sectors, aligning with the Bank's strategic priorities.

2 months ago • Africa

Agriculture & Farming

EU and Germany allocate EUR 2 million for Cambodian National Agricultural Laboratory to enhance export compliance

A EUR 2 million grant from the European Union and Germany will establish an ISO-accredited testing facility in Cambodia. The laboratory is designed to help local agri-businesses meet international safety standards, facilitating broader access to high-end global markets.

2 months ago • Cambodia

Food

ADB scales food security funding to $40 billion following early success in Asia and the Pacific

The Asian Development Bank (ADB) has expanded its regional food security commitment to $40 billion through 2030 after exceeding its initial $14 billion target. The revised strategy transitions from traditional aid toward integrated food system solutions, prioritizing climate resilience, private sector involvement, and digital advisory services for millions of smallholder farmers.

2 months ago • Asia Pacific

Ecommerce

Swiggy launches ‘No Added Sugar’ category to simplify healthy food choices this festive season

Swiggy introduced a new ‘No Added Sugar’ category on its platform, aimed at helping health-conscious users make mindful food choices with ease. The category currently features over 1.5 lakh items from more than 50,000 restaurants across 10 major cities, with plans for expansion.

2 months ago • India

Food

GIDC to establish 35 hectare Agro Food Park in Rajkot to bolster Gujarat’s processing ecosystem

Gujarat Industrial Development Corporation will develop a 35-hectare Agro Food Park in Chhapra village, Rajkot, to strengthen the state’s food processing value chain. The project aims to attract investment, improve logistics integration, and provide core infrastructure to support agro-based manufacturing and exports.

2 months ago • India

Food

Bangladesh showcases food sector at top Saudi expo to diversify beyond garment-led exports

Bangladesh has made its first appearance at AgroFood Jeddah to expand exports beyond garments and tap Saudi Arabia’s growing food import demand. The participation marks a strategic push to diversify trade flows and leverage the Kingdom’s large Bangladeshi expatriate population.

2 months ago • Saudi Arabia

Latest News

Defence | 2 days ago

Elbit Systems secures $350 million international main battle tank modernization contract

Israel-based defense electronics company Elbit Systems has clinched a $350 million international contract to upgrade main battle tanks over a four-year period, integrating advanced situational awareness, AI-driven targeting, and modern communication suites.

Business & Corporate | 2 days ago

UPS commits USD 50 million to industrial logistics and launches time-definite Mexico air freight

UPS is investing nearly $50 million in specialized automotive and industrial network enhancements. The expansion introduces time-definite heavy air freight services between the U.S. and Mexico, streamlining cross-border production cycles and integrating brokerage and warehousing into a single-carrier solution.

Energy & Power | 2 days ago

NLC India selects Ohmium and InSolare for 4 MW green hydrogen project in Tamil Nadu

Ohmium International and InSolare Energy have partnered to deploy a 4 MW green hydrogen facility for NLC India Limited. Utilizing advanced Proton Exchange Membrane technology, the plant in Neyveli aims to produce 700 metric tons of hydrogen annually for industrial and mobility applications.

Business & Corporate | 2 days ago

Rashmi Group commits INR 350 billion to expand industrial footprint in West Bengal

Diversified industrial major Rashmi Group has announced a massive 35,000 million INR investment to scale its steel, power, and mining operations in West Bengal. The plan includes adding 7 million tonnes of annual steel capacity and operationalizing newly acquired coal blocks across several districts.