Brands
Walmart sells $16 billion worth of bonds for Flipkart acquisition
MUMBAI: American multinational retail corporation, Walmart, has decided to sell $16 billion worth of bonds to help finance its investment in Indian e-commerce giant Flipkart.
Walmart offered fixed- and floating-rate notes in nine parts to Flipkart. The longest bond, a 30-year security, yields 1.05 per cent points above Treasuries, less than the initial 1.2 per cent points that was being pitched earlier in the day. According to a report by Bloomberg, the deal edged out an offering Bayer AG completed two days ago.
The American giant announced in June that it will acquire 77 per cent stake in the Flipkart Group for $16 billion. This will leave Binny Bansal and other shareholders with 33 per cent of the stake in the company.
India is the most active and favourite playing field for most e-commerce giants today. With Walmart and Flipkart coming together as one, it will directly compete with Amazon in India. The international e-commerce website has the biggest market share in India which is the fastest growing e-commerce market today.
Walmart and Flipkart’s deal was led by JPMorgan, Barclays and Citigroup.
Brands
ITC Sunfeast Farmlite launches Sugar Free Cookies range
New variants offer guilt-free indulgence for health-conscious snackers.
MUMBAI: ITC Sunfeast Farmlite is sweetening the deal for biscuit lovers who want to have their cookie and eat it too without the sugar. The better-for-you biscuits range from ITC Foods has expanded its portfolio with the launch of an all-new Sugar Free Cookies line, aligning with the company’s vision of ‘Help India Eat Better’. The range is designed for consumers who are rethinking sugar in their daily snacking but refuse to compromise on taste and indulgence.
The collection debuts with two tempting variants: Choco Nut Cookies and Hazelnut & Oats Cookies. Both are a source of protein and contain no trans-fat, while the Hazelnut & Oats variant is also lactose-free.
ITC Ltd. vice president (marketing), biscuits, foods division, Suraj Kathuria said, “At Sunfeast Farmlite, we believe mindful snacking should never come at the cost of indulgence. With this launch, we are catering to the growing need for guilt-free snacking while delivering a rich, satisfying cookie experience.”
ITC Ltd. vice president & head of food sciences for foods division Dr Shantanu Das added, “We have applied robust food science to develop cookies that are sugar-free while preserving the taste and texture consumers love.”
Each cookie comes in convenient single-serve packs to maintain texture and freshness. Both variants are available in 100g packs priced at ₹100 and can be found on quick-commerce platforms including Blinkit, Swiggy Instamart, and Zepto.
In a market increasingly leaning towards healthier choices, ITC Sunfeast Farmlite’s new Sugar Free Cookies prove that cutting sugar doesn’t mean cutting joy. For the health-conscious yet indulgent snacker, this could be the perfect bite-sized solution.
