Food Financial News

Umang Dairies Ltd.(up 14.65%), JHS Svendgaard Laboratories Ltd.(up 4.98%), Gillette India Ltd.(up 3.13%), Mrs. Bectors Food Specialities Ltd.(up 2.83%), Hindustan Foods Ltd.(up 2.73%), Patanjali Foods Ltd.(up 2.66%), Marico Ltd.(up 2.63%), Emami Ltd.(up 2.42%), Bajaj Consumer Care Ltd.(up 2.03%) and Hindustan Unilever Ltd.(up 1.86%) stood among the top gainers.

Keki Mistry, Former VC & CEO, HDFC, says his experience over the years not only in India but in many other countries globally, is that when the tax rate is reduced, compliance is improved significantly and there is a greater urge to work and earn more income. So, a reduction in tax rates, whether it is a different tax rate and also the highest marginal tax rate, will go a long way in improving sentiment, including increasing productivity. At the end of the day, it will also result in higher savings and increased consumption.

Mint, a spokesperson for Aegis Logistics, said, “Aegis Vopak Terminals Ltd (AVTL) is exploring options to fund future growth for AVTL. These options may include, among others, a potential fund raise by way of public issue, preferential issue, or a combination thereof, of the equity shares and debt for the JV company and as may be decided by the AVTL board in absolute discretion and permitted under applicable laws and regulations." The spokesperson added that the company has not yet made a final decision regarding the IPO, and it is still exploring its future funding options.

PE (price-to-earnings) multiples. The stock is quite a distance from its previous peak and closer to its 52-week low. You could blame this underperformance on the rising competition in the paint sector, especially with the entry of Grasim, that expects to generate ₹100 bn in gross revenue in three years.

5. Inventree Hotels & ResortsUnder the visionary leadership of Sudipta Deb, Inventree Hotels & Resorts has swiftly established itself as a prominent player in the hospitality sector since its inception in 2013 as Infallible Travel Concepts Pvt.

Mint said there is a need for a dedicated ministry to address the sector's unique needs, which contributes a substantial ₹5.69 trillion to India's gross domestic product. The sector, which gave patrons or consumers of restaurants a GST rate reduced from 18% to 5% in 2017, now struggles with rising costs and shrinking profit margins. Suri said calling for the restoration of input tax credit and support for operational expenditures such as rentals and delivery commissions for restaurants, especially an input on rentals which contribute 20% of operational costs would be a game changer.

The parent company of Olive Garden, LongHorn Steakhouse, Yard House and other chains says it's buying the Tex-Mex chain Chuy’s as it seeks to expand its dining options

commerce and industry ministry is finalising two cabinet notes for the clean economy and fair economy pillars of the Indo-Pacific Economic Framework (IPEF) as the inter-ministerial discussions are almost complete. The IPEF is structured around four pillars-trade, supply chains, clean economy and fair economy. India has joined all the pillars except the one on trade. «We are working on the cabinet notes and the inter-ministerial consultations are almost done. There were some concerns but broadly everyone is on board,» said an official. Last year, the 14 IPEF nations inked a supply chain resilience agreement to reduce dependence on China, and shifting production of critical sectors and key goods to member countries. Pillar III (clean economy) focuses on environmental issues, how to mitigate greenhouse gas emissions in various industries, carbon capture utilisation and storage, and collaborative financing mechanisms to facilitate trading and reduce barriers for low-carbon projects.

Scientists are examining if a 5-meter (16-foot) whale corpse found on New Zealand's South Island is the remains of the elusive spade-toothed whale. Only six specimens of this species have been documented since the 1800s, and no live sightings have ever been reported. Scientists have an unparalleled opportunity to investigate this enigmatic creature due to the carcass, as per the reports of MSN. The Department of Conservation (DOC) of New Zealand's Hannah Hendriks, a technical advisor, emphasized the significance of this discovery. Studying the whale's food, environment, and any dangers to its existence may be gained through research. The spade-toothed whale is particularly rare. As per the reports of MSN, Gabe Davies, DOC Coastal Otago Operations Manager, described it as «the most poorly known large mammalian species of modern times.»

1. Samsung 236 L, 3 Star, Digital Inverter, Frost Free Double Door Refrigerator The Samsung 236 L Frost Free Double Door Refrigerator is designed to provide efficient and powerful cooling with a capacity of 236 liters, suitable for families with 2-3 members. It features a Digital Inverter Compressor, which ensures greater energy efficiency, less noise, and long-lasting performance while consuming 50% less power.

The divergence in interest rates between Canada and the United States became a hot topic and a percolating worry for economists when it looked like the Bank of Canada would feast on cuts while the U.S. Federal Reserve sat pat.

Core CPI, which excluded food, alcohol and tobacco, reached 3.5% in the year to June, the same as a month before, according to figures published by the Office for National Statistics today (17 July). Services inflation, a closely watched measure by the Bank of England's rate-setters, also remained sticky, refusing to come down from the May figure and remaining instead unchanged at 5.7% in June. UK inflation returns to 2% target but June BoE cut remains unlikely The latest data came in as the BoE's Monetary Policy Committee considers whether to start cutting interest rates at its ne...

Shoppers paused their spending in June from May, defying economic forecasts for a pullback and proving their resilience in the face of an uncertain economy

Tyson Foods heir and executive John R

AI startup Cropin Technology Solutions has unveiled a real-time intelligence solution to forecast future yields for 13 vital crops as artificial intelligence helps overcome bottlenecks in the farming industry. The Bangalore-headquartered company unveiled Sage, powered by Alphabet Inc.’s Google Gemini AI model, which converts the world’s agricultural landscape into a proprietary grid-based map and then delivers precise predictive intelligence based on historical data. Decision-makers can ask questions about crop performance and life cycle in their native language and get information on productivity, climate, farm practices and soil for the 13 crops that account for 80% of global food demand.

IPO) for its Indian unit, which owns spices and condiments brands MTR and Eastern. «We initiated a process to consider structural opportunities for Orkla India, including conducting an IPO readiness study. The results of the study are encouraging. And we will now proceed with an evaluation of accessing the capital markets in India. Any conclusion should not be expected until sometime 2025,» Nils Selte, president and CEO at Orkla, told investors. «There are a lot of things to do before we are good to go.»

Mint explains. Food inflation shot up to 9.4% year-on-year in June—the highest in six months—from 8.7% a month earlier, led by a sharp increase in the prices of vegetables (up 29.3%), pulses (16.1%) and cereals (8.8%). For vegetables—short-duration crops and price-wise the most volatile component—a prolonged heat wave in May and June led to a supply shortfall and higher prices.

Netflix renews the popular food travel series "Somebody Feed Phil" for an eighth season. The show follows Phil Rosenthal as he explores various cuisines worldwide.

nutraceuticals to the drug regulatory authority from the oversight of the Food Safety and Standards Authority of India (FSSAI) has come under fire from pharma lobby groups and industry experts, who have raised apprehensions over the move and said the proposal should be kept in abeyance until it is discussed in detail. Nutraceuticals refers to food products with extra health benefits and includes supplements, functional foods and beverages. According to industry data, the segment is projected to grow to $18 billion in India by the end of 2025 from $4 billion in 2020. Experts said the regulations for nutraceuticals in the country are aligned with Codex Alimentarius, a global body functioning under the auspices of the World Health Organisation (WHO) to ensure safety of consumers.

Canada’s annual inflation rate slowed to 2.7 per cent in June from 2.9 per cent a month earlier, a softening that removes at least one obstacle to another potential Bank of Canada interest rate cut next week.

NITI Aayog. While the vice chairman and the full-time members of the Aayog remain the same, some of the new ministers of the Modi government have become either ex-officio members or special invitees to the Aayog. Since the term of the Aayog, barring the position of the chief executive officer, is co-terminus with the term of the government, the re-constitution of the Aayog was due since the formation of the new government in June. As per the notification, effective from Tuesday, Prime Minister Narendra Modi will continue to be the chairman of the Aayog with Suman Bery as the vice-chairman and VK Saraswat, Ramesh Chand, VK Paul and Arvind Virmani as full-time members of the Aayog.