Priyanka Bhowmick

Amul's announcement to enter the Bengaluru market with milk and curd has raised the political temperature in Karnataka, with the opposition Congress accusing the ruling BJP of hatching a conspiracy to kill the state's formidable dairy brand Nandini. Leader of the Opposition Siddaramaiah, who was the Congress chief minister from 2013 to 2018, said the Gujarat-based dairy brand had earlier attempted to enter the state but was thwarted by his government. He tweeted, “but now @BJP4Karnataka is welcoming them with open arms,”. Siddaramaiah tweeted, "..they are now determined to destroy Nandini KMF - the brand built by our farmers." Netizens…

French cosmetics group L'Oréal has entered into an agreement with Brazil's Natura & Co to buy the Australian luxury brand at an enterprise price of $2.53 billion, both companies said on Monday. According to a statement, the Aesop brand will have sales of $537 million in 2022. "Aesop taps into all of today's booming currents and L'Oreal will contribute to unlocking its huge growth potential, particularly in China and travel retail," L'Oreal CEO Nicolas Hieronymus said in the statement. The L'Oréal Luxe division, which includes L'Oreal, was the group's top performer for the second consecutive year in 2022, with sales…

The Odisha government received an investment target of Rs 26,000 crore during the Odisha business meet held in Tokyo on Wednesday. Chief Minister Naveen Patnaik has tied up with some leading Japanese investors across the sector to attract foreign investment. The intentions were received from sectors such as logistics, metal accessories, steel, metal downstream, green hydrogen and green ammonia, green energy equipment manufacturing, IT and IT-enabled services, an official statement said. Details of the company, which has expressed interest in investing in Odisha, were not shared. Addressing over 200 investors in Japan, Patnaik said Odisha is one of the fastest-growing…