Everest Financial News

Nepal's Kami Rita Sherpa also known as 'Everest Man' on Sunday morning broke his record by climbing the world's highest peak, Mount Everest for the 29th time. The 54-year-old Sherpa climber and guide in the last spring season had climbed the 8848.86 meters tall highest peak two times within a week setting a record for the 28th summit. But the climber has hinted at his plans to climb the peak twice this time again.

₹67,500 crore. Of this, the branded spice market was estimated to be at ₹24,000 crore, according to a 2021 report by Avendus Capital.

human consumption and a cancer risk with long exposure. According to reports, the health authorities in Singapore and Hong Kong found cancer-causing pesticide “ethylene oxide" in these masalas above the acceptable limits.

Also Read: Mutual fund investors alert! You are losing a hefty amount if committing either of these seven mistakes Nobel Peace Prize winner, Nelson Mandela, became the first non-white president of South Africa on May 10, 1994. His efforts led to the end of apartheid.

Mint looks at the issue and analyses what it could mean for the $4-billion export sector. On 5 April, Hong Kong’s food regulator suspended the sale of MDH spice mixes saying they contain high levels of ethylene oxide, a carcinogenic. Singapore followed suit with Everest, another top Indian spice brand.

Voltas, half of the customer engagements, including demo, installation and service requests, are now handled by bots. This is a massive shift from 2018-19, when 95% of customer calls were handled by human agents. At Japanese home appliances and consumer electronics major Panasonic India, bots handled 20% of the queries when they were introduced in 2020.

FSSAI) on Sunday said that India has one of the most stringent standards of maximum residue limits (MRLs) in the world, and that these are fixed at different levels for different food commodities based on risk assessments. MRL is the maximum amount of pesticide residue expected to remain on food products when a pesticide is used according to label directions and is not a health concern for humans, the Indian food regulator said in a press statement.

Food Safety and Standards Authority of India (FSSAI) on Sunday clarified on reports which stated that it allows 10 times more pesticide residue level in herbs and spices, calling them false and malicious. The food regulator has said that it has one of the most stringent standards of Maximum Residue Levels (MRL) of pesticides. The MRLs of pesticides are fixed differently for different food commodities based on their risk assessments, it added.

ALSO READ: 'I am a wealthier man today': Anand Mahindra after meeting with couple that inspired '12th Fail' Taking to X, Mahindra wrote, "So I guess this is what a 10 minute furniture (not food or groceries) service would look like… (Sic)." Following the shared video, it has garnered almost 279K views and 2.7k likes. Also, 266 people retweeted it and 160 commented. In the video, a person can be seen loading the big furniture on his bike and then driving through the tense roads to deliver the big furniture.

Dabur India on Thursday said that all its spices comply with the regulations set up by FSSAI for Indian markets. «All our spices comply with the regulations set up FSSAI for Indian markets and by the Spice Board of India for the overseas markets,» said Mohit Malhotra, CEO of Dabur India. All export consignments are tested by the Spice Board and shipped only once they comply with their regulations and specifications, he said.

India's food safety regulator said on Thursday it had ordered nationwide testing and inspections at all companies making spice mixes, widening a crackdown on the sector as global regulators investigate contamination issues with two popular local brands. Hong Kong last month suspended sales of three spice blends made by India's MDH and an Everest spice mix for fish curry. Singapore ordered a recall of the same Everest mix as well, flagging high levels of ethylene oxide, which is unfit for human consumption and a cancer risk with long exposure. MDH and Everest products are hugely popular in India and also sold in Europe, Asia and North America, and the companies have said they are safe. Still, U.S. and Australian food authorities said they are gathering more information on the matter, and India had already ordered testing of the two brands' products.

GTRI) Wednesday said that nearly $700 million worth of India’s spice exports to critical markets are at stake due to cascading regulatory actions in many countries, as concerns are being raised about the quality of Indian spices. It cautioned that if the EU follows suit with a rejection across the bloc, it could impact an additional $2.5 billion of India’s spice exports. The US, Hong Kong, Singapore, Australia, and Malé have raised questions on the quality of spices supplied by leading Indian firms MDH and Everest. India exported spices worth $692.5 million to these countries in FY24. “This issue demands urgent attention and action to uphold the storied reputation of India’s fabled spice garden,” it said, adding that so far the response from Indian authorities has been tepid and formulaic.

India needs to address the quality issue with regard to its spice exports with urgency and transparency as the ongoing quality concerns could threaten over half of the country's spice shipments, a report said on Wednesday. Economic think tank Global Trade Research Initiative (GTRI) said that every day new countries are raising concerns about the quality of Indian spices. This issue demands urgent attention and action to uphold the storied reputation of India's fabled spice garden, it said. «With nearly USD 700 million worth of exports to critical markets at stake, and potential losses soaring to over half of India's total spice exports due to cascading regulatory actions in many countries, the integrity and future of India's spice trade hang in delicate balance,» the report said.

revenue growth in parts of Europe and regional markets — the Middle East & Africa (MEA) and India and Asia Pacific (APAC) — outpacing that in the traditional stronghold of North America, which is experiencing flattening demand. Currently, for most IT services firms, the North American market contributes 50-60% to the total revenue, followed by Europe at around 30%. The regional markets still constitute a small portion of the total revenue pie.

Everest have come under scanner after Hong Kong and Singapore banned their spices due to “quality concerns". The health authorities in both Singapore and Hong Kong found cancer-causing pesticide called “ethylene oxide" in these masalas. It is pertinent to note that the International Agency for Research on Cancer has identified ethylene oxide as a major carcinogen.

Maharashtra near Igatpuri, Near our Engine Factory. I’ve been to Igatpuri several times but never heard about this place & its beauty. Let alone visiting it.

Also Read | India seeks 'root cause of rejection' from Singapore, Hong Kong over ban on Everest, MDH masala The CFS issued a warning against the sale and purchase of MDH's Madras Curry Powder and Sambhar Masala, as well as Everest's Fish Curry Masala. In response, MDH stated, "We have not been approached by food safety authorities in either Hong Kong or Singapore about these findings." Also Read | Do MDH, Everest masala cause cancer? Why have Hong Kong, Singapore banned some Indian spices? Explained MDH reassured consumers, stating, "We do not use ethylene oxide at any stage of our spice production.

spice brand, on Saturday assured consumers that its products are 100 per cent safe and rejected the allegations of the presence of certain pesticides in some products by Hong Kong and Singapore food regulators. Earlier this month, Hong Kong's Center for Food Safety (CFS) said that samples of several kinds of pre-packaged spice-mix products of two Indian brands MDH and Everest were found to contain a pesticide ethylene oxide. The CFS asked consumers not to buy and traders not to sell MDH's Madras Curry Powder (spice blend for Madras curry), Everest Fish Curry Masala, MDH Sambhar Masala Mixed Masala Powder, and MDH Curry Powder Mixed Masala Powder. In a statement, MDH said it has not received any communications from Hong Kong and Singapore food safety regulators.

U.S. Food and Drug Administration (FDA) is gathering information on products of Indian spice makers MDH and Everest after Hong Kong halted sales of some of their products for allegedly containing high levels of a cancer-causing pesticide. «The FDA is aware of the reports and is gathering additional information about the situation,» an FDA spokesperson told Reuters on Friday. Hong Kong this month suspended sales of three MDH spice blends and an Everest spice mix for fish curries. Singapore ordered a recall of the Everest spice mix, saying it contains high levels of ethylene oxide, which is unfit for human consumption and a cancer risk with long exposure.

Singapore Food Agency also directed a recall of a spice mix produced by Everest. In June 2023, the US Food and Drug Administration (FDA) had ordered a recall of spice mixes of Everest and Maggi Masala-ae-Magic as it found those contaminated with Salmonella bacteria. A few years earlier, in September 2019, a batch of MDH’s spice mix had been recalled for the same reason.

Prominent brands are under the scanner for selling sugary infant food, chicken fed with antibiotics, and spices peppered with cancer-causing chemicals. Naturally, experts are concerned about lax regulations. Mint reviews the safety and quality of our packaged food: Last week, Swiss watchdog Public Eye said Nestle adds excess sugar to its infant milk and cereal products sold in low- and middle-income countries, including India, but not in developed markets.