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CB Edit Desk  The global sunflower oil market size is expected to reach USD 29.59 billion in 2028, exhibiting a CAGR of 6.12% during the forecast period. The growing awareness regarding the benefits of this oil in diminishing cholesterol levels will influence the healthy growth of the market in the forthcoming years, states Fortune Business Insights, in a report, titled, “Sunflower Oil Market, 2021 – 2028.” The market size stood at USD 18.50 billion in 2020, as from GlobalNewsWire. COVID-19 Impact: Thwarted Foodservice Industry to Dampen Market growth amid COVID-19 The COVID-19 pandemic has massively disturbed the global market. The lockdown imposed by the…

-CB Edit Desk  Asian Hotels (West) has to temporarily shut down its property Hyatt Regency, Mumbai, as the company’s lender Yes Bank is not releasing payments after it defaulted on loans because of the massive impact of covid on its business, it said in a BSE filing. On Monday, it had announced the temporary closure of the hotel, from The Mint. The company’s shares fell by more than 13% on Tuesday amid uncertainty over its business operations. The development exposed the massive setback that the hospitality industry is facing across various segments. Asian Hotels (West) failed to repay the principal…

-CB Edit Desk The hospitality and tourism sector has welcomed the Reserve Bank of India (RBI) announcement on extending ₹15,000 crore liquidity window to support contact intensive businesses such as restaurants, travel agencies, hotels and aviation ancillary services that are bearing the brunt of the pandemic, as reported by The Mint. Under the scheme, commercial banks can offer fresh lending support to hotels and restaurants; the tourism sector comprising travel agents and tour operators. The liquidity window of ₹15,000 crore is being opened till 31 March 2022, with tenors of up to three years at the repo rate. Gurbaxish Singh…

-CB Edit Desk Global Smart Hospitality Market report provides an in-depth analysis of the overall market over a period from 2020-2026. The report focuses on major key players, production details, their application, and countries and also analyzes the global and key regions market potential and advantage, opportunity, and challenge, restraints, and risks, as from The Manoment Current. The global Smart Hospitality market focuses on encompassing major statistical evidence for the Smart Hospitality industry as it offers our readers a value addition on guiding them in encountering the obstacles surrounding the market. A comprehensive addition of several factors such as global…

-Press Release  The Food Safety and Standards Authority of India (FSSAI) today observed the World Food Safety Day. This year’s theme-‘Safe food today for a healthy tomorrow’, signifies that food safety is a shared responsibility between the Government, producers and consumers and everyone has a role to play to ensure food we consume is safe and healthy. The resurgence of Covid 19 pandemic has brought the focus on food, nutrition, health, immunity and sustainability. It is important to ensure availability of safe food in the markets as any contamination arising from food can result in addition expenditure on the healthcare…

-CB Edit Desk  In view of the State’s latest ‘Break The Chain’ order extending the lockdown, the Hotel and Restaurant Association of Western India (HRAWI) has written to the Mumbai Municipal Commissioner – Iqbal Chahal to grant concessions to the Hospitality industry as reported by TravelTrendToday. It has requested that stand-alone restaurants and bars, as well as restaurants and bars in hotels for outside guests to be allowed to re-open immediately. HRAWI has also requested the Municipal Commissioner to extend the operation timing of restaurants to 11 pm. The first and second lockdowns combined have impacted over 20 lakh jobs…

-CB Edit Desk  The apex association of hotels and restaurants in the country – Federation of Hotel and Restaurant Associations of India (FHRAI) in a letter to the Ministry of Health and Family Welfare (MoHFW) has suggested making necessary changes in the vaccination guidelines to include banquet halls in hotels as venues for mass immunisation of corporate sector as reported by FnBnews. FHRAI has stated that banquet halls in hotels are better equipped than schools, colleges, or community halls for the purpose. It further said that during the first lockdown many hotels were requisitioned by local authorities for accommodating doctors…

-Press release NRAI warmly welcomes and supports the path-breaking reforms made by the Delhi Government in the new Excise Policy notified earlier today. As a significant stakeholder, NRAI was very actively involved in the deliberations preceding the policy rollout and we are extremely happy to see that most of our suggestions have been incorporated in the policy. It is gratifying to see our constant efforts yielding such positive results. On behalf of the entire industry, we thank the Delhi Government for considering our suggestions. We also thank the Hon’ble Lieutenant Governor of Delhi for giving his express approval to this…

-Ayshwaria Lakshmi As the second wave corona has raged through the India. many individuals and associations are stepping forward to help the society and the government to fight against this tough time. Tamil Nadu Hotels Association, Chennai Hotel Association and its members have come forward to to donate nearly 2 crores to the CM Relief Fund. “When the new govt formed the Chief Minister had put forth a request to contribute funds for helping with the government to fight against corona. We, from our Association and Tamil Nadu Hotel Association decided to come forward to help. We had held state…

-Press Release EssEmm Corporation a Coimbatore based company specializing in Food Processing Automation has facilitated a contribution of 600 units of Oxygen Concentrators worth around 2.50 crores through their International associates The TzuChi Foundation based in Taiwan. Out of the 600 units, 400 units have been allocated for the State of Tamil Nadu and 200 units have been allocated for the State of Kerala. The requirement of Oxygen concentrators was first requested by The Rotary Club of Coimbatore Spectrum for the Coimbatore Corporation. EssEmm Corporation in association with The Rotary Club had organized the requirement of the machines for the…