County Coffee Financial News

NFRA) has imposed a penalty of Rs 10 crore on KPMG affiliate M/s BSR & Associates LLP, the highest slapped by the regulator in any case, and debarred two of its auditors for alleged glaring professional lapses in the 2018-19 audit of Coffee Day Enterprises. The order, issued on Monday, follows an investigation report by capital markets regulator Sebi about the alleged diversion of Rs 3,535 crore from seven subsidiaries of Coffee Day Enterprises to an entity owned by its promoters. NFRA has now barred auditors Aravind Maiya and Amit Somani from taking up audit work for 10 years and five years, respectively. In addition, Maiya will have to pay a penalty of Rs 50 lakh and Somani Rs 25 lakh.

Macquarie has initiated coverage on two key players in the quick service restaurant (QSR) sector, Devyani International and Sapphire Foods, with «Outperform» ratings expressing a positive outlook on the sector in India. The brokerage firm has set a target price of Rs 230 for Devyani International, a Yum! Brands franchisee in India, and Rs 390 for Sapphire Foods.

Zomato’s 2024 year-end report highlights India's food delivery and dining trends, providing intriguing insights into the nation’s culinary preferences. From biryani’s unwavering popularity to record-breaking restaurant bills and impressive savings, the data paints a vivid picture of Indian food culture.

Coffee drinkers can sip their beverages and view a quiet North Korean mountain village from a Starbucks shop at a South Korean border observatory

Authorities say a funeral home owner in south Georgia has been arrested and accused of neglecting human corpses after 18 bodies were found at the location in various stages of decomposition

Subscribe to enjoy similar stories. Speciality coffee has come a long way since the pandemic. While homebrewers polished the art of pourovers at home, cafés sought top notch bean-to-cup experiences.

Rachel Wolfson has been covering the cryptocurrency, blockchain and Web3 sector since 2017. She has written for Forbes and Cointelegraph and is the host and founder of Web3 Deep Dive podcast.

In this article, we shall be discussing some of the best gift options under a price range of 3000 that you can consider giving your friends on this special occasion. From self-care kits, tech accessories, and bags to coffee brewing equipment to bar sets, there is much to explore.

Pepsi and Coca-Cola, a staple of countless Indian television advertisements over the decades, seems set to spill over into the Indian stock markets. Ravi Jaipuria, chairman of RJ Group, began his career as a vendor for Coca-Cola before switching allegiance to Pepsi in the 1990s. His group's flagship company, Varun Beverages, now stands as the largest bottler of PepsiCo's beverages globally, outside the US.

Mint’s requests for a comment, Lal Sweets’ managing director Prateek Athwani declined to comment on the developments. Founded by Athwani, the Bengaluru-based company has exposure across general trade, modern trade, online marketplace, exclusive airport outlets and the export market. Lal Sweets is known for its ‘signature products’ such as Mysore Pak, Besan Laddoo, Kaju Katli and Dharwad Peda, as per the company’s official website.

₹225 crore ($27 million), according to a joint statement from the companies. However, the firms did not disclose other financial details of the transaction. K12 Techno Services is the operator of the Orchids International school chain.

Singapore isn’t the hedge fund heaven that Hong Kong is usually seen as, but things seem to be taking a turn. Funds in the city – both headquartered and present there – have been busy adding Portfolio Managers (PMs) in the city.

Economic Times. In this plan, Varun Jaipuria would take over the mantle of the food and beverage division, whereas Devyani Jaipuria would head the health and education sectors.

An artisan roastery based in the Finnish capital has introduced a coffee blend that has been developed by artificial intelligence in a trial in which it’s hoped that technology can ease the workload in a sector that traditionally prides itself on manua...

The best green coffees in India prioritize quality, freshness, and nutritional value. Whether sourced from Himalayan regions, following organic farming practices, or focusing on strict quality control, these brands offer a diverse range of options for individuals seeking a healthy alternative to regular coffee.

A post shared by TasteAtlas (@tasteatlas) Indian filter coffee is brewed using a simple and effective coffee filter machine. The process involves boiling water in a vessel called a "decanter" and adding the finely ground coffee powder to the filter. The coffee is then brewed slowly, resulting in a rich and flavorful cup of coffee.

quick service restaurants (QSRs) sector has slowed down, and the last year was rough for soft drinks as the April-June quarter, which contributes 35-40% of annual sales, was a washout because of rains. However, the year ahead is expected to see healthy double-digit growth for both businesses, said Ravi Jaipuria, chairman of RJ Corp, PepsiCo's largest bottler, and the largest franchise partner for KFC, Pizza Hut and Costa Coffee in India. RJ Corp group company VBL, PepsiCo's largest bottling partner in India, bottles and distributes the company's beverages including Pepsi, Pepsi Black, 7UP, Mirinda and Mountain Dew fizzy drinks, Sting energy drink, Tropicana juice and Aquafina water in 27 states and 7 union territories. He underlined the growth potential in India on account of lower per capita consumption and distribution reach of packaged soft drinks, «India has 11-12 million outlets for FMCG, and our beverages are in 3.5 million outlets only — that shows the sheer scope ahead of us for market penetration.

Hedge fund Eisler Capital isn't just trying to attract new portfolio managers by paying existing employees $200k when they find someone new, it's also trying to keep existing staff onside. To this end, it's promoted its most valued persons to partner.

Devyani International Ltd, Sapphire Foods, Jubilant Foodworks, and Westlife Foodworld Limited, reported sluggish sales in the September quarter. This was due to a combination of factors, such as an extended period of religious days, which adversely affected the sale of non-vegetarian food, and increasing competition from smaller players. Most restaurant and fast-food chains underperformed in the September quarter.