Food Financial News

JPMorgan Asset Management Chief Market Strategist Gabriela Santos analyzes the Federal Reserve's decision making on 'The Claman Countdown.'

1. Glen 60 cm Auto-Clean Filterless Kitchen Chimney The Glen 60 cm Auto-Clean Filterless Kitchen Chimney is designed to enhance your kitchen with a sleek and beautiful black design. It offers a powerful 1200 m3/hr suction capacity to effectively eliminate smoke and odours.

Several commercial fishermen in New England have been sentenced in a fraud scheme that centered on a critically important species of bait fish and that prosecutors described as complex and wide-ranging

Varun Beverages (VBL), PepsiCo's bottling franchise partner, will set up manufacturing units in Zimbabwe and Zambia with an investment of $7 million (close to ₹60 crore), the company said in a regulatory filing on Monday. VBL said two of its subsidiaries plan to enter into an agreement with PepsiCo to manufacture, distribute and sell snacks brand Simba Munchiez in Zimbabwe and Zambia. These subsidiaries are VFZ Varun Foods (Zimbabwe) (VFZ) and Varun Beverages (Zambia) (VBZ).

Russia, including by encouraging rupee-rouble trade and pushing Moscow to lift non-tariff barriers, New Delhi said on Monday, in the wake of Prime Minister Narendra Modi's visit to Moscow. Old partners India and Russia have stepped up trade since Russia invaded Ukraine in early 2022, but the increase has been overwhelmingly one-way, dominated by India buying Russian oil shunned by traditional customers in Europe. Surging Russian exports to India accounted for $61.43 billion of the $65.7 billion in trade between the two countries in the last fiscal year that ended in March.

Budget 2024, the spotlight is firmly on the Production-Linked Incentive (PLI) schemes, which have been instrumental in revitalizing the manufacturing sector and strengthening supply chains. The government's proactive steps in enhancing these schemes signal a commitment to bolstering India's economic growth, increasing employment, and positioning Indian industries on the global stage. In a significant move, the Indian government has hiked the allocation for the PLI scheme to ₹6,200 crore during the interim budget for FY25, marking a 33% increase from the previous year’s estimate of ₹4,645 crore. This substantial boost underscores the government's dedication to supporting manufacturing and supply chains across the 14 sectors currently covered, which include mobile phones, pharmaceuticals, automobiles, and electronic products.

Varun Beverages Ltd, a franchise partner of PepsiCo, on Monday said its two subsidiaries plan to enter into an agreement with the multinational food and beverages major to manufacture, distribute and sell the snacks brand 'Simba Munchiez' in Zimbabwe and Zambia. The company plans to set up manufacturing units in Zimbabwe and Zambia entailing an investment of USD 7 million (around Rs 60 crore), according to a regulatory filing by Varun Beverages Ltd (VBL). Through its subsidiaries — VFZ Varun Foods (Zimbabwe) Pvt Ltd (VFZ) and Varun Beverages (Zambia) Ltd (VBZ), VBL has discussed with PepsiCo to further strengthen and expand the latter's footprint in the snacks portfolio. It has discussed with PepsiCo to enter into an exclusive snacks franchising appointment with Premier Nutrition Trading LLC, Dubai (a PepsiCo Inc. subsidiary) to manufacture, distribute and sell 'Simba Munchiez' in the territory of Zimbabwe and Zambia, the filing added.

water business AO Smith, for an enterprise value of Rs601 crore. Launched two decades ago, the water purification brand is part of HUL's home care business with revenues of Rs 293 crore during FY24. “This move is in line with our strategic intent to focus sharply on our core categories," said Rohit Jawa, CEO and Managing Director of HUL. The transaction is subject to customary closing conditions, and HUL will continue to manage the business until the completion of the transaction, which will take about three months. The proposed transaction is to be undertaken by way of a slump sale through a business transfer agreement, it said.

On the BSE, Sheetal Cool(down 10.85 per cent), Reetech Intnl. Cargo (down 10.42 per cent), GE Power India (down 9.99 per cent), Ascensive Educare(down 9.98 per cent) and Suryo Foods Ind(down 9.98 per cent) stood among the top losers in today's trade.

Swiggy on Monday said it will buy back employee stock ownership plans (Esops) worth $65 million across levels, in what would be its fifth such exercise. So far, the company has cumulatively enabled over Rs 1,000 crore of Esops liquidity over the five events, benefiting more than 3,200 employees.

«The daily data that we are tracking is showing that vegetable prices is probably going to be as much if not higher than what we have observed in June. The other aspect is also that telecom tariffs were increased by around 20% or so in end of June and so the impact of that is likely to be visible in the July print,» says Aurodeep Nandi, India Economist, Nomura. The inflation reading though on a bit on expected lines came in above the 5% mark. Thanks to perhaps what is happening in the veggies side because of erratic monsoon. But do you expect it to remain sticky for some time? It appears even RBI is readying the street that inflation is sticky, rates could remain higher for longer. Aurodeep Nandi: Well, there are three things really to watch out for as far as July is concerned. One is that we have this massive-massive favourable base effect that kicks in. So, last year, June was 4.9%, that spiked to 7.4% in July. So, simultaneously, the July number coming up will be impacted by a favourable base. But that is going to mask a lot of the upside pressures that are there. One, as you mentioned, vegetable prices. These are typically the months when vegetable prices go up quite a lot.

The IPO is a combination of a fresh issue of 4.18 crore shares and an Offer For Sale (OFS) of 1.19 crore shares by selling shareholders.

Union budget round the corner, it's customary to discuss fiscal prudence and consolidation. But it's also the right time to talk about the need for policy changes, especially those that can unshackle the agriculture sector. First, a word of caution for votaries of minimum support price (MSP) as the primary tool of making the agriculture sector work better. Total value of agricultural and allied output in India is about ₹56 tn, out of which share of food grain is only 17%. Out of this, GoI is able to procure through MSP only 6% of the total agri and allied output, though it has entailed an expenditure of ₹3.4 lakh cr in FY23. (Interestingly, GoI procures 92.8% and 73.6% of paddy produced by Punjab and Haryana, respectively. For wheat, these ratios are 72% and 56.6%, respectively.) Livestock at 31% tops the list, followed by vegetables, fruit and spices at 26%. Fishing and forestry produce corner 7% policy share each. So, it's a grave policy mistake to use MSP as the primary tool of price discovery in agriculture, not to mention as a political tool. Alternatively, the politics of 6% procurement clearly obfuscates a better deal for the 71%.

debt financing to inclusive financial institutions and social enterprises, has disbursed Rs 5,019 crore to 140 enterprises in 2023-24, according to a company statement. Besides, the company has provided Rs 4,001 crore in debt funding in partnership with 8,700 enterprises during the year, Caspian Debt said in a statement. The company provides debt finance to sectors like food and agriculture, clean technologies, financial inclusion, healthcare, education, and water and sanitation through our portfolio companies, it said. These companies contribute to various SDGs in unique ways — some through cutting-edge technology, others by blending tech with traditional methods, it said.

old Goa cafes, like Aram in Panjim, you will find a dish of onions, tomatoes and a few spices, cooked into the gravy that serves as a base for many Indian dishes. Here it’s served by itself, with pao or puri, under the odd name of ‘salad bhaji’. There is an echo here of Colonel Kenney-Herbert in his magisterial Culinary Jottings for Madras (1878) when he declares: “An excellent salad is that made by slicing raw ripe tomatoes with a Bombay onion.” He admits that “no man would partake of [it] just before a ball, or on his wedding day” for fear of the smell of raw onions on h is breath. But combining savoury-sweet tomatoes and pungent onions clearly has real culinary value, whether sliced as he suggests, diced like a kachumber, pulverised salsastyle or even cooked in salad bhaji. Defining salad is surprisingly hard. In Judith Weinraub’s Salad: A Global History (2016), she struggles to connect salads, which are usually served cold, but can also be warm; which are served alongside main dishes or as a separate course or even a meal in itself; that are mostly made of leafy greens or other vegetables, but also eggs and meat; that usually have a liquid dressing, but can also just be plain cut vegetables — and let’s not forget fruit salad!

To be healthy is to find the right way to die. This may involve dying later than sooner, but this is only a popular part of it. The right way to die is to be full of life, until the end, the best we can be using the cards we have been dealt.

Retail inflation, or the Consumer Price Index (CPI) in India, is expected to remain below or close to 5.0 percent in the remaining months of 2024-25, except for September, according to SBI Research. India's retail inflation rate increased in June, deviating from the moderation seen in previous months, driven by rising food prices. The year-on-year inflation rate based on the all-India Consumer Price Index (CPI) was 5.08 percent (provisional) for June 2024. The corresponding inflation rates for rural and urban areas were 5.66 percent and 4.39 percent, respectively.

Temporary Foreign Worker Program (TFWP) rules, issuing $2.1 million in Administrative Monetary Penalties (AMPs) in 2023. Canada's Temporary Foreign Worker (TFW) Program remains vital for addressing labor and skill shortages when qualified Canadians and permanent residents are unavailable. The program, managed by Employment and Social Development Canada (ESDC), aims to ensure foreign workers are protected during their stay in Canada, the government said in a statement. In the last fiscal year, ESDC conducted 2,122 inspections under the TFW Program, finding 94% of employers compliant. However, non-compliant employers faced $2.1 million in Administrative Monetary Penalties (AMPs), a 36% increase from the previous year. Additionally, 12 employers were banned from the program, up from seven in the prior year. Non-compliant employers are publicly listed on Immigration, Refugees and Citizenship Canada's (IRCC) website.

Reasons to buyReasons to avoidThe LG GL-S312SPZX refrigerator features a convertible design, allowing you to adjust the freezer space as per your requirements. With a 308-liter capacity, it provides ample storage for all your food items.

₹538 per month per head on processed food items. This trend is not just about eating habits, but has also helped drive sales for fast-food giants, whose processed food sales are steadily rising. The flood of fast-food joints across cities has made the trend even starker.

It's 100 years since the Caesar salad is said to have been invented on the Fourth of July at a restaurant in Tijuana, Mexico