Food Financial News

Marico Ltd.(up 4.22%), Jyothy Labs Ltd.(up 4.13%), Godrej Consumer Products Ltd.(up 3.80%), Emami Ltd.(up 3.50%), Bajaj Consumer Care Ltd.(up 2.85%), Dabur India Ltd.(up 2.81%), Gillette India Ltd.(up 2.59%), Adani Wilmar Ltd.(up 1.93%), Hindustan Unilever Ltd.(up 1.58%) and Procter & Gamble Hygiene & Healthcare Ltd.(up 1.37%) stood among the top gainers.

Costco is increasing its annual membership fees in Canada and the United States this fall.

Inflation has throttled back significantly since peaking two years ago. The U.S. economy is even seeing some prices deflate for consumers.

economic policy towards 2047 with an emphasis on job creation through labour-intensive manufacturing, credit for MSMEs and continued focus on services exports by expanding GCCs, according to Goldman Sachs. “We expect the general government to stick to the announced fiscal deficit target of 5.1% of GDP for FY25 (or even slightly lower) and announce further consolidation to a deficit of below 4.5% of GDP by FY26”, Goldman Sachs said in a note Monday. Union finance minister Nirmala Sitharaman will present the full budget for FY25 on July 23. In her interim budget, presented in February, she had pegged fiscal deficit at 5.1% of GDP

Jubilant Foodworks Ltd. traded 0.51 per cent up at Rs 570.4 at around 01:54PM (IST) on Friday. The stock had closed at Rs 567.5 in the previous session. Equity benchmark Sensex traded 324.13 points lower at 79725.54 around the same time.

Union Budget 2024: Share of agriculture in India’s economy has declined over a period of time to less than 15% mainly due to high growth rate of the industry and services sectors. However, agriculture sector’s importance in India’s economy goes well beyond this mainly because more than 70% of India’s population depends on rural incomes and about 70% of poor people are found in rural areas.

food lovers and night owls, Zomato has finally rolled out its much-anticipated «Delete Order» feature. This update, which allows users to erase individual orders from their history, addresses pressing privacy concerns and might even rescue relationships strained by those guilty late-night binges. Deepinder Goyal, the CEO of Zomato, made the exciting announcement on social media platform X (formerly known as Twitter) this past Friday. «For Karan and many others — you can now delete orders from your order history on Zomato. Use it responsibly,» Goyal quipped, giving a nod to the customer whose cheeky request set this whole thing in motion.

On the BSE, Natura Hue Chem(down 12.96 per cent), Mega Nirman & Ind(down 9.92 per cent), Integrated Hitech Ltd.(down 9.50 per cent), Sun Tech Over(down 9.43 per cent) and Otco Intnl(down 8.20 per cent) were among the stocks that plunged over 5 per cent during the session.

Sanlu milk scandal? China was rocked by this scandal when about more than 300,000 children fell sick and at least six of them died after drinking powdered milk contaminated with high levels of the industrial chemical melamine. A similar incident has been reported in this country once again. State-run 'Beijing News' has reported that tankers used for carrying fuel allegedly carried food products, like cooking oil and syrup. Besides, these were not decontaminated before using his way. The Chinese government has launched a probe into the allegations.

As Florida’s ban on “lab-grown” meat is set to go into effect, one manufacturer hosted a last hurrah with a cultivated meat-tasting party in Miami

DoorDash says it’s stepping up efforts to identify dangerous delivery drivers and remove them from its platform after a flood of complaints from cities

By James Day, University of California, San Diego San Diego: Of the more than 74,000 known meteorites — rocks that fall to Earth from asteroids or planets colliding together — only 385 or so stones came from the planet Mars. It's not that hard for scientists to work out that these meteorites come from Mars. Various landers and rovers have been exploring Mars' surface for decades. Some of the early missions — the Viking landers — had the equipment to measure the composition of the planet's atmosphere. Scientists have shown that you can see this unique Martian atmospheric composition reflected in some of these meteorites. Mars also has unique oxygen. Everything on Earth, including humans and the air we breathe, is made up of a specific composition of the three isotopes of the element oxygen: oxygen-16, oxygen-17 and oxygen-18. But Mars has an entirely different composition — it's like a geochemical fingerprint for being Martian.

Target says it will no longer accept personal checks from shoppers as of July 15

Hatsun Agro Products Ltd.(up 5.48%), Euro India Fresh Foods Ltd.(up 2.50%), ADF Foods Ltd.(up 2.15%), JHS Svendgaard Laboratories Ltd.(up 1.98%), Hindustan Foods Ltd.(up 1.95%), Dodla Dairy Ltd.(up 1.82%), Nakoda Group Of Industries Ltd.(up 1.22%), Mrs. Bectors Food Specialities Ltd.(up 1.21%), Bikaji Foods International Ltd.(up 0.91%) and Parag Milk Foods Ltd.(up 0.79%) were among the top gainers.

inflation landscape exhibited spatial variability in June 2024, with 12 out of 22 states reporting inflation rates exceeding the national average of 5.1 per cent, according to SBI research. Odisha recorded the highest inflation at 7.22 per cent, followed closely by Bihar at 6.37 per cent and Karnataka at 5.98 per cent. This divergence highlights regional economic disparities as the country grapples with rising prices. Concurrently, the Index of Industrial Production (IIP) surged to a seven-month high of 5.9 per cent in May, reflecting robust growth in mining (5.9 per cent), manufacturing (4.6 per cent), and a remarkable increase in electricity production (13.7 per cent).

Jubilant Foodworks Ltd. traded at Rs 582.65 on BSE at 02:10PM (IST) on Friday, up 0.18 per cent. The stock quoted a 52-week low price of Rs 420.85 and a high of Rs 587.0. Earlier in the day, the stock saw a gap up opening.

PepsiCo reported higher-than-expected earnings in the second quarter but acknowledged that after raising prices every quarter for more than two years, customers are not buying as many of its snacks and drinks

gold corrected lower on Friday following three straight days of gains which had pushed it to the highest level since May 22. The metal closed with a slight loss of 0.11% at $2411 on Friday as it rose for the third straight week. It was up 0.83% on the weekly closing basis. The US bond yields/Dollar Index

tariff hikes of over 20 per cent by the country's top three telcos will push up core inflation by 0.20 per cent in FY25, a foreign brokerage said on Wednesday. Analysts at Deutsche Bank also upped their core inflation or the price rise, excluding food and fuel, by 0.20 per cent to 3.8 per cent. Apart from the tariff hikes, the below-trend monsoon rains will be another factor that will be of focus from an inflation trajectory perspective, they said. The report said the impact of telecom tariff hikes will start getting reflected from July, and the hikes will alone push the month-on-month core inflation by over 0.85 per cent month on month.

Wholesale prices in the United States rose by a larger-than-expected 2.6% last month from a year earlier, a sign that some inflation pressures remain elevated

Kanwar Yatra with a helicopter and also shower flowers on kanwariyas, an official statement issued here said on Saturday. According to the statement, Chief Secretary of the Uttar Pradesh government Manoj Kumar Singh and Director General of Police (DGP) Prashant Kumar convened a review meeting ahead of the yatra with officials of different states in Meerut Divisional Commissioner Auditorium. The meeting was attended by senior police and administrative officials of Meerut, Saharanpur, Aligarh and Moradabad divisions along with officials from Uttarakhand, Delhi, Haryana and Rajasthan. During the month on Sawan, which begins from July 22, people from Delhi, Haryana and Rajasthan walk to Rishikesh and Haridwar in Uttarakhand to collect water from the Ganga river and bring it back to be offered in Shiva temples.