Imran, Gotabaya discuss trade ties
Productive talks with Khan: Rajapaksa
Pakistan Prime Minister Imran Khan on Wednesday called on Sri Lankan President Gotabaya Rajapaksa during which they discussed areas of common interest like tourism and agriculture and ways to strengthen political and trade ties for their mutual benefit.
Khan, who is here on a two-day visit, called on Rajapaksa at the Presidential Secretariat here and held a one-on-one meeting with him.
“Had an excellent meeting with President of Sri Lanka @GotabayaR. We discussed our common passion for poverty alleviation esp in our rural areas. We also exchanged views on how to give farmers more for their produce and get cheaper food and fruits to the population by using technology to eliminate middlemen,” Khan tweeted. “We also discussed other dimensions of our extensive ties to strengthen political & trade ties for our mutual benefit,” he wrote.
President Rajapaksa on his Twitter handle said he had a “productive” discussion with Khan.
“The discussions were mainly focused on common interests such as trade, tourism & adoption of technology in agriculture which both countries could positively leverage on,” he wrote.
The Lankan President and the Prime Minister of Pakistan had a long discussion on bilateral relations. Khan said the talks were highly productive.
Mumbai, Feb. 24: Private equity player Everstone Capital has sold Modern Foods, which it had taken over in early 2016 from Hindustan Unilever, to Italian baking major Grupo Bimbo for an undisclosed sum.
Everstone in a statement on Wednesday said that Modern Food Enterprises, which was held by its bread and bakery platform Everfoods Asia, was sold to Ready Roti India, the domestic subsidiary of the Italian major.
Grupo Bimbo is the largest baking company in the world, operating in 33 countries, including in India, and has a diversified portfolio of over 13,000 products and more than 100 brands.
Everfoods acquired Modern Foods from Hindustan Unilever in April 2016 and successfully relaunched the iconic bread brand in June 2017 nationwide.
HUL had bought Modern Foods from the government in 2000 as part of the divestment process and later decided to exit as part of its strategy to leave noncore sectors.
Modern Food Industries was set up by the government 1965 as Modern Bakeries in Madras and was renamed as Modern Food in 1982. When sold off to HUL it had 13 bread manufacturing units apart from fruit juice concentrates under brand name Rasika in New Delhi and aerated soft drinks Double Seven.
HUL took over 74 per cent of its equity in January 2000 for Rs 10.5 crore.
Hyderabad, Feb. 24: Income Tax defeated Customs and GST 68-54 in the finals to win the basketball tournament conducted by the Devastanam Committee of Uttanoor, Gadwal district, famously known for its bull races.
In a fiercely competitive game both teams kept the spectators entertained with their outstanding performances. The Taxmen were dominant on court from the start. Ganesh Patil’s three pointers and Basha’s post movements gave them an upperhand.
Merugu Vijay and Chandrahas did well for the Customs and GST side.
Earlier in the semifinals, Income Tax beat South Central Railway with a difference of 10 points while Customs and GST defeated YMCA Secunderabad by just one point.