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How ITC Chairman Sanjiv Puri is taking the company to new heights

ITC to expands cloud kitchen business: ET

Tata Pay bags payment aggregator licence; Binny Bansal launches new ecommerce startup

Happy 2024! Welcome to the first edition of ETtechs Top 5 in the new year. Tata groups digital payments business, Tata Payments, has secured a payment aggregator licence from the Reserve Bank of India (RBI). This and more in todays edition of our daily evening newsletter.

ITC to scale up cloud kitchen business, enter more cities

The company calls this business food-tech, which it has identified as one of the emerging vectors of growth. It currently runs three brands: ITC Aashirvaad Soul Creations for North Indian daily or comfort food, ITC Master Chef Creations for North Indian gourmet cuisines, and ITC Sunfeast Baked Creations for bakery products. There are 19 cloud kitchens in Bengaluru and four in Chennai. The kitchens have already broken even.

millet-based products: Consumer majors soup up millet strategies to seed sales

Companies had ventured into the market following the government s nudge on increasing millet consumption. Sales, however, have been sluggish due to the consumer perception that these products are not tasty and are priced high, apart from the difficulty in adding millets as ingredients in existing items - as it changes flavour - and low shelf life.

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