Higher sugar prices impact food products industry
Overall commodity prices, especially sugar prices, have witnessed a correction of about 10% during the past few days. The food products industry, however, said it may not be able to bear the cost pressures despite minor corrections in commodity prices and would have to increase food product prices in the near future.
 
“Everyone in the food business is contemplating the situation as commodity prices do not seem to come down,” said Pankaj Chaturvedi, executive director, Graviss Food Solutions, the exclusive franchise of Baskin Robbins ice-creams.
 
Charturvedi said the global slowdown and higher commodities prices, especially sugar prices, are affecting margins by 2%-3%, which his company has to bear.
 
Other food product companies are also finding it difficult to survive due to cost pressures and may be forced to hike prices in the near future, most possibly after Diwali, said a market source.
 
Baskin Robbins has also tied up with Eros International PLC, for their upcoming movie Aladin and is launching three new flavours based on the movie theme. The new flavours titled “Choc ‘aladin”, “Princess’Delite” and “Ringmaster’s Whip” are based on the characters from the movie.
 
The ice-cream maker, which has about 370 stores across 65 cities in India, plans to add another 100 stores in the current financial year, Chaturvedi added.
– Pallabika Ganguly  [email protected]
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    World's First ‘.com’ Domain Sold

    Last month, the world’s first ‘registered’ and still active ‘.com’ domain changed hands, after completing its silver jubilee. On 15 March 1985, US-based computer manufacturer, Symbolics Inc, registered ‘symbolics.com’ through the appropriate domain name server (DNS) process, long before the World Wide Web (www) era.

    Symbolics.com, however, was not the first domain name created. In January 1985, Nordu.net, which was used to serve as the identifier of the first root server, nic.nordu.net, was created but it was not registered. Besides symbolic.com, only a few other companies, like bbn.com, think.com, mcc.com, dec.com and northrop.com, thought of reserving their domain names on the root servers. But Symbolics was the first to make the move.

    Symbolics Inc—a spinoff from the MIT AI Lab—was a computer manufacturer that designed and manufactured a line of Lisp machines, single-user computers optimised to run the Lisp programming language. These machines were the first commercially available ‘general-purpose computers’ or ‘workstations’ way before those terms were coined.
     
    However, in the late 1980s, the company started its slow descent to bankruptcy and oblivion. What is remarkable here is that Symbolics.com had not changed ownership even once during the nearly 25 years following its registration. On 27th August, domain name investment company XF.com bought the domain name symbolics.com for an undisclosed sum, marking the end of an era.
     
     Today, Symbolics exists but only as a shell of its former self. There is no indication of what the future has in store for the historical domain name, apart from the fact that the new owner XF.com intends to celebrate the 25th birthday of ‘symbolics.com’ next year. – Y.S.

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    Welcome to 3G... Finally!
    After playing unwarranted ‘political’ games and after delays upon delays, the government has finally announced the auction dates for third-generation (3G) telecom licences. Auctions for 3G-WCDMA spectrum (2.1GHz band) are scheduled to begin on 7th December followed by the auction of 3G-EVDO (850MHz) and broadband wireless access (BWA) spectrum (2.3/2.5GHz). The reserve price has been set at...
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