SPICE MAKER MCCORMICK
Unilever to freeze hiring as Iran war drives up shipping costs
This move addresses rising costs linked to the Iran war. The company is also cutting jobs and changing bonus structures.
US Stock Market | Wall Street soars as traders bet on potential war off-ramp
Indian markets saw a significant boost as Wall Street surged on hopes of peace in the Middle East. This development eased concerns over rising oil prices and inflation. Major US indexes experienced their biggest gains since May 2025. Technology stocks like Nvidia and Alphabet performed strongly.
US Stocks today: Dow Jones soars 1,125 points, Nasdaq, S&P 3% as Iran war de-escalation seen
Wall Street surged Tuesday as speculation of a de-escalation in the Middle East conflict eased oil price and inflation fears. Major indexes rallied following reports of President Trump's willingness to end military action against Iran. Investors are seeking indications of a normalized energy flow through the Strait of Hormuz.
US Stocks: Unilever, McCormick strike deal to create $65 billion food giant; shares fall
Unilever will merge its food business with spice maker McCormick, it said on Tuesday, creating a company worth around $65 billion in the second-largest food transaction in history.
Why is Unilever hiving off its food business?
Unilever is merging its food business with spice maker McCormick in a massive $65 billion deal. This move aims to reshape the company's focus. Unilever's food division faces challenges from changing consumer habits and market saturation in developed regions. The deal excludes operations in India, Nepal, and Portugal. This significant transaction is set to create a new entity.
Unilever considers carving out its food business; India won't be part of McCormick deal
Unilever is in advanced talks to combine its global foods business with McCormick & Company. The deal, potentially worth $15.7 billion, will exclude Unilever's India foods operations. Hindustan Unilever's foods business remains a core part of its strategy. Discussions are ongoing, and an agreement could be reached soon. This move aims to reshape Unilever's portfolio.
- Go To Page 1
Global Markets | European shares on track to snap eight-month winning streak as Mideast conflict weighs
European stocks inched up on Tuesday as investors drew some comfort from hopes of de-escalation in the Middle East war, but the benchmark index was still set for its sharpest monthly decline since 2020 amid supply-chain disruptions.
Unilever nears deal to create $60 billion food giant with spice-maker McCormick: Report
Unilever is reportedly nearing a massive $60 billion deal to merge a significant portion of its food business with McCormick & Company. This cash-and-stock transaction, potentially announced soon, would see Unilever shareholders holding about two-thirds of the new entity. The move signals a major consolidation within the global food sector, uniting two prominent names in packaged foods and seasonings.
Unilever explores food business tie-up with McCormick: Report
Unilever is reportedly in discussions to merge its food division with spice maker McCormick. This potential all-stock deal could unite popular brands like Hellmann's and Cholula. The move comes as Unilever aims to streamline its operations. Food companies are facing challenges with consumer spending. McCormick has a market value of around $14.
Dow, S&P fall for third straight session with inflation data eyed
The focus remains on a key reading of the Personal Consumption Expenditures Price Index (PCE), the Fed's preferred inflation gauge. The data is due on Friday, when U.S. markets will be shut for the Good Friday holiday.
US stocks advance as chipmakers, megacap growth stocks rebound
The spotlight remains on a crucial February reading of the Personal Consumption Expenditures Price Index (PCE), the Fed's preferred inflation gauge. The data is due on Friday. Wall Street hit fresh record highs last week after the central bank stuck to its projection of three interest-rate cuts this year.
Wall St dives as jobs data fans rate worries, Treasury yields spike
Yields on 10-year and 30-year U.S. government bonds hit their highest since 2007, pushing Apple, Tesla and Alphabet lower around 1% each
Dabur weighs acquisitions to expand across India, Southeast Asia
On the back of its $71 million purchase of spice producer Badshah Masala Pvt Ltd. in October, the 139-year-old firm, which sells traditional Ayurvedic medicine and herbal products including toothpaste and shampoo, is evaluating other targets in health, food and personal care in those markets, Chief Executive Officer Mohit Malhotra said.
MTR close to buying eastern condiments
MTR Foods, a subsidiary of Norwegian conglomerate Orkla, with revenue of almost ₹900 crore, makes and sells spices, condiments, ready-to-cook breakfast mixes and ready-to-eat meals, beverages and sweets.
Eastern Condiments promoters look to sell majority stake
Meeran family holds 74% in co; McCormick too plans to sell its 26%
McCormick, Kohinoor to fight it out in London
Kohinoor Foods has alleged that McCormick breached the contract by buying rice from elsewhere, while McCormick contends that Kohinoor Foods is selling rice in the domestic market on its own.
Kohinoor Foods gets notice for termination of rice supply pact
Kohinoor Foods had announced a joint venture with US-based spice maker McCormick for marketing of basmati rice and other food products in India.
McCormick terminates contract with Kohinoor before lock-in period ends
McCormick & Co Inc, the world's largest maker of spices, seasonings and flavours, has terminated its rice supply and business transfer agreement with Kohinoor Foods Ltd.
Kerala Inc looks beyond remittances; bets big on IT, gold & finance
A fresh crop of entrepreneurs is rewriting rules of enterprise in a state that has always viewed capital with suspicion.
JV sales target will not be affected by inflation: McCormick
Rising food inflation and mounting input costs in India would not affect sales revenue of Kohinoor Specialty Foods India, a top official of the company said today.
Kohinoor Foods forms JV with US-based spice maker McCormick
In the joint venture Kohinoor Speciality India, McCormick has 85 per cent stake and rest is with Kohinoor Foods.
AgroTech Foods enters ready-to-eat segment, launches rice-based Sundrop Yummeals
AgroTech Foods has entered into the ready-to-eat segment by launching rice-based Sundrop Yummeals.
McCormick to buy 85% in JV with Kohinoor for $115 million
McCormick said it will form a joint venture with Kohinoor Foods Ltd to market and sell basmati and food products in India.
Kohinoor Foods form JV with US firm McCormick
Kohinoor Foods announced a JV with US-based spice maker, which will invest over Rs 500 crore in venture for marketing of basmati rice and other food products in India.
US Spicemaker McCormick to invest $115 mn
KFL has formed a joint venture with US based Food and seasonings maker McCormick and Company, to market and sell its basmati rice and food products in India.
Load More
