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EXCLUSIVE SoftBank tech fund in talks to invest in Dubai cloud kitchen Kitopi-sources


Hadeel SayeghSaeed Azhar
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SoftBank Corp s logo is pictured at a news conference in Tokyo, Japan, February 4, 2021. REUTERS/Kim Kyung-Hoon/File Photo
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SoftBank Group Corp (9984.T) is in talks to invest in Dubai cloud kitchen Kitopi s latest funding round through its second technology fund, sources familiar with the matter said.
The Japanese company s Vision Fund 2 has put forward a proposal to lead an investment of about $400 million in Kitopi, said the sources, who declined to be named as the matter is not public.
SoftBank declined to comment. Kitopi also declined to comment.
So-called cloud kitchens are facilities built to prepare food specifically for delivery and they have benefited from the shift to online services during the coronavirus crisis. ....

United Arab Emirates , United States , Thomson Reuters Trust Principles , Softbank Vision Fund , Market Research , Softbank Group Corp , Vision Fund , Thomson Reuters Trust , ஒன்றுபட்டது அரபு அமீரகங்கள் , ஒன்றுபட்டது மாநிலங்களில் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் , சாப்ட் பேங்க் பார்வை நிதி , சந்தை ஆராய்ச்சி , சாப்ட் பேங்க் குழு கார்ப் , சாப்ட் பேங்க் , பார்வை நிதி , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ,

Kraft Heinz to invest $199 million in British manufacturing facility


Reuters
2 minute read
A Heinz Ketchup bottle sits between a box of Kraft macaroni and cheese and a bottle of Kraft Original Barbecue Sauce on a grocery store shelf in New York March 25, 2015. REUTERS/Brendan McDermid/File Photo
Kraft Heinz Co (KHC.O) said on Tuesday it plans to invest 140 million pounds ($198.83 million) in its food manufacturing facility in northwest England over the next four years, subject to U.S. approval.
The investment would be the company s biggest expansion of an existing manfacturing site outside the United States in more than 20 years.
The plans for the Kitt Green plant northwest of Manchester would be aimed at adding production of Heinz ketchup, mayonnaise and salad cream. The money will also fund equipment and technology and create up to 50 new full-time jobs, the company said. ....

United States , United Kingdom , Gerry Grimstone , Kraft Heinz , Thomson Reuters Trust Principles , Kraft Heinz Co , Kitt Green , Kingdom Minister , Investment Gerry Grimstone , Thomson Reuters Trust , ஒன்றுபட்டது மாநிலங்களில் , ஒன்றுபட்டது கிஂக்டம் , கிராஃப்ட் ஹெய்ன்ஸ் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் , கிராஃப்ட் ஹெய்ன்ஸ் இணை , கிட் பச்சை , கிஂக்டம் அமைச்சர் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ,

India forecasts normal monsoon rains this year


Mayank BhardwajRajendra Jadhav
3 minute read
A person rides a scooter through a waterlogged road during monsoon rain showers in Mumbai, India, June 4, 2020. REUTERS/Francis Mascarenhas/File Photo
India is likely to receive normal monsoon rains this year, weather officials said on Tuesday, upgrading a prior forecast and boosting expectations for larger farm output amid a devastating second wave of COVID-19 infections.
The monsoon, which is expected to hit the southern coast around Thursday, is crucial for India s $2.7-trillion economy, as it delivers nearly 70% of the rain needed by farms, besides replenishing reservoirs and aquifers.
The rainfall is expected to be well distributed, with most areas expected to receive an average to above-average amount, said Mrutyunjay Mohapatra, director general of the India Meteorological Department (IMD). ....

Yuvika Singhal , Mrutyunjay Mohapatra , Thomson Reuters Trust Principles , India Meteorological Department , Quanteco Research , Thomson Reuters Trust , யுவிகா சிங்கால் , மிருதியுங்சய் மோஹப்பற்ற , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் , இந்தியா வானிலை துறை , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ,