Food Financial News

13.07 / 06:42
UPS Progressive Extreme Food show gatherings Fortune-telling meerkats from East Sussex predict England win in Euro Cup 2024 final
Euro Cup 2024, and have now decided upon the probability of the England vs Spain Euro Cup finals, set for this Sunday. These mystic animals predicted a dominating England win against Netherlands and lo-and-behold, that was the very outcome, as The Three Lions thrashed the Dutch, 2-1, and progressed to the finals.
13.07 / 06:34
UPS economy Dreams Food country An Afghan woman wanted to be a doctor. Now she makes pickles as the Taliban restricts women's roles
Frozan Ahmadzai is one of 200,000 Afghan women who have the Taliban’s permission to work
13.07 / 06:32
markets UPS Food trends reports Updates International FMCG makers expect single-digit revenue growth, margin improvements in April-June quarter
volume growth along with expansion in margins during the April-June quarter of this fiscal, helped by a revival in rural demand and a stable urban market. Listed FMCG companies such as Dabur, Marico and Adani Wilmar in their latest quarterly updates have reported a «gradual improvement» in demand trends in the April-June quarter, which was on the expected lines. Home-grown FMCG maker Dabur expects to register mid to high single-digit growth in its consolidated revenue, supported by mid-single-digit volume growth in the domestic market. Marico said its consolidated revenue grew in high single digits in the June quarter, while the domestic business posted a «modest uptick in underlying volume growth» on a sequential basis.
13.07 / 06:20
UPS Manufacturing Food AGRO International Pharmaceuticals Gopal's Sweets to invest Rs 150 crore to set up a manufacturing unit in Mohali Industrial Economic Zone
Gopal's sweets will invest Rs 150 crore to set up a manufacturing unit in Mohali Industrial Economic Zone (MIEZ), being developed by the Royale Estate Group. Spread over 150 acres with a plan to expand it to 500 acres over the next three years, MIEZ's proximity to an International Airport, and other transport him gives advantage of connectivity to all the four states. «With the perishable nature of our products, mainly sweets and other dairy and bakery products, we were looking for the most central and strategic location from where we could serve all the four states within the desirable timelines,” said Sharanjit Singh managing director of Gopal's Sweets Pvt. Ltd. Punjab's green farm products, such as green peas, cabbage, onions and potatoes, which currently go to Rudrapur in Uttarakhand for processing & packaging, will now no longer have to go to Uttarakhand. The new plant at MIEZ will cater for all such operations for the farmers and food growers of Punjab.
13.07 / 04:58
COST CEO Food Bill President show California fast food workers now earn $20 per hour. Franchisees are responding by cutting hours.
When California’s minimum wage increase went into effect in April, fast food workers across the state went from making $16 to $20 overnight
13.07 / 04:11
markets UPS Strategy Food Trade recommendations Adani Wilmar shares jump over 4% after posting 13% YoY volume growth
Adani Wilmar today surged 4.4% on BSE to a high of Rs 347.50 after the company achieved a robust volume growth of 13% YoY in the quarter ended June 2024 along with a 36% increase in volume of their branded exports. The company’s alternate channels like e-com and quick commerce were also able to maintain momentum with a 19% YoY volume growth.
13.07 / 04:01
Provident WhatsApp Food hospital recommendations Courts Court allows Arvind Kejriwal's wife access to his medical records, permits her to seek doctors' advice
Delhi Chief Minister Arvind Kejriwal's wife Sunita access to his medical records and also permitted her to independently consult and seek advice from the medical board or doctors on his behalf. The court, however, rejected Kejriwal's application seeking directions to prison authorities allowing Sunita Kejriwal to be his attendant during consultations with doctors. Special Judge Kaveri Baweja said Kejriwal had not been admitted to a hospital and according to Delhi Prison Rules, permission was granted to a family member as an attendant with an undertrial prisoner by the jail superintendent in consultation with the medical officer in-charge, only when the prisoner is admitted in hospital. «This court sees no reason to carve out an exception for the applicant (Kejriwal) by going against the prison rules, more particularly in view of the submission of the jail authorities that several other inmates are also undergoing treatment for the same ailment as the applicant and who have not been permitted to have an attendant,» the court said.
13.07 / 03:48
markets Cooper Manufacturing Assurant Food Research Pharmaceuticals Promoters of Sudeep Pharma, India, complete acquisition of 50% shares from JRS Pharma, Germany, regaining 100% ownership
Sudeep Pharma Private Limited's promoters have completed the acquisition of shares from their joint venture partners - JRS PHARMA, regaining 100% ownership of the company. This strategic move represents a significant step in Sudeep Pharma’s ongoing growth and development, enabling the company to pursue its vision.Promoters of Sudeep Pharma, Mr.
13.07 / 03:45
markets Platform TikTok Food trends beautiful Videos From 'latte makeup' to 'girl dinners,' TikTok has launched tons of trends. Will its influence last?
TikTok and its bite-sized videos arrived in the United States as a global version of the Chinese app Douyin
13.07 / 03:40
markets WhatsApp Food Iqvia patient Pharmaceuticals Alembic Pharma gets tentative nod from USFDA for Ivosidenib tablets
Alembic Pharmaceuticals on Thursday said it has received tentative approval from the US health regulator for its generic Ivosidenib tablets used in the treatment of certain types of cancer of bone marrow and bile duct. The tentative approval by the US Food & Drug Administration (USFDA) is for the abbreviated new drug application (ANDA) for Ivosidenib tablets of strength 250 mg, the company said in a regulatory filing. The approved ANDA is therapeutically equivalent to the reference listed drug product Tibsovo tablets, 250 mg, of Servier Pharmaceuticals LLC (Servier), it added. The company said Ivosidenib tablets are indicated for patients with newly diagnosed Acute Myeloid Leukemia (AML) as monotherapy in adults 75 years or older, or who have comorbidities that preclude the use of intensive induction chemotherapy.
13.07 / 03:14
Citi Food show Best of the week | Timeless tastes of the ‘City of Lights’
Kashi. Kashi comes from the Sanskrit root word 'Kas’, which translates to “shining one", thus earning it the moniker: “city of lights".Archaeological excavations conducted near Varanasi in 2014 estimated the city to be about 4,000 years old.
13.07 / 03:06
MET Reuters Food show Updates China's imports unexpectedly drop in June, but exports beat forecasts
BEIJING — China's imports fell in June, missing expectations for slight growth, while exports grew more than expected, customs data released Friday showed.
13.07 / 03:04
markets UPS security economy Food Morningstar Eagle The risky-loan trade is back
A corner of Wall Street long shunned by investors is suddenly in demand. Higher rates over the past two years were expected to slam risky corporate borrowers that rely heavily on floating-rate debt. That hasn’t happened.
13.07 / 03:00
COST UPS economy Food pandemic reports Department US inflation cools again, potentially paving way for Fed to cut interest rates soon
Inflation in the United States cooled in June for a third straight month, a sign that the worst price spike in four decades is steadily fading and may soon usher in interest rate cuts by the Federal Reserve
13.07 / 02:58
UPS Action Food trends show Interviews Food on boil, inflation rises to 4-month high of 5.08% in June; May factory output highest since October
inflation rose to a four-month high of 5.08%, faster than expected, from 4.8% in May, with food inflation flaring up to a six-month high of 9.36%, data released Friday showed. Inflation, as measured by Consumer Price Index (CPI), was 4.87% in June and food inflation was 4.55% in the year earlier. An ET poll last week had pegged retail inflation at 4.7%. The simultaneously released Index of Industrial Production (IIP) showed factory output grew at a seven-month high of 5.9% in May, according to data from the ministry of statistics. Near-term Rate Action Unlikely Industrial production grew 5% in April 2024 and 5.7% in May last year. “A weak start to the southwest monsoon in June and prolonged heatwave impacted vegetable prices, in turn pushing food and beverages inflation back above 8%,” said Radhika Rao, senior economist, DBS Bank.
13.07 / 02:55
security WhatsApp Food Trade Sensex falls! These stocks are down 5% or more on BSE
On the BSE, Gravity(India)(down 12.22 per cent), Devki Leasing(down 10.00 per cent), Emerald Leasing Fin(down 9.99 per cent), Goenka Bus. & Fin.(down 9.95 per cent) and Mayur Floorings(down 9.90 per cent) were among the stocks that plunged over 5 per cent during the session.
13.07 / 02:38
markets Cooper WhatsApp Food Courts SEZ units set to get refund of cess on imports
compensation cess levied on imported goods under Goods and Services Tax (GST) to businesses operating in special economic zones and their developers effective 2017. The Central Board of Indirect Tax and Customs also directed issuance of refunds of 5% GST collected on food packages intended for the public distribution system (PDS). These refunds could total about ₹6,500 crore, people familiar with the matter said. The move follows a recent GST Council decision exempting imports by SEZ units and developers retrospectively from July 1, 2017 — the date of introduction of GST.
13.07 / 01:45
UPS BTS Food wellness singer Interviews BTS’ member Jin reveals he lost his temper at a fellow soldier during military service, shares he was called ‘God’ by squad members!
BTS member Kim Seokjin aka Jin, recently revealed that he got into a bad spat with a fellow soldier during his military service. ‘The Astronaut’ hitmaker said that he lost his temper with a junior who refused to be repentant even after committing a mistake. In an interview with Weverse Magazine, the singer admitted that he lost his cool after a subordinate in the army refused to apologise and own up to his mistake. “One soldier did something wrong but kept joking around and saying, 'I’ll figure it out myself, sir' and I told him, 'It’s okay if you make mistakes. It’s not like I know everything. I make mistakes, too. But if a senior soldier tells you to do something, you have to at least pretend to listen. You can’t keep goofing around like that. I get it—everyone’s different. But you at least have to figure out why you made that mistake. I’ll tell you how to do it one more time, so don’t mess around anymore, " he told the magazine.
13.07 / 01:34
UPS Digital Food performer classical Features Best affordable air fryers: Cook healthier meals without breaking the bank, top 9 picks for 2024
Reasons to buyReasons to avoidThe Pigeon Healthifry Air Fryer uses rapid air circulation technology to cook food with little to no oil, making it a healthier alternative to traditional frying. With a non-stick cooking basket and a 2.2L capacity, this air fryer is perfect for small families or individuals looking for a compact and affordable option.Reasons to buyReasons to avoidThe INALSA Air Fryer features a 2.3L capacity and uses rapid air technology to fry, bake, grill, and roast with little to no oil.
13.07 / 01:28
markets Digital CEO Platform Metro Food reports Magicpin reports 100% annual increase in brand onboarding
Offline fashion discovery and savings platform Magicpin has reported 100% year on year increase in terms of brand on-board, as it added 1000 brands across fashion, QSR, and fine dine category. It has also added more than 75,000 local merchants in the last 12 months, taking the total to 2,75,000 merchants and 3,000 brands till date. 80% of these merchants became transactional within the first month of onboarding and witnessed substantial growth in the same month.
13.07 / 01:27
UPS economy Food US inflation drop to 3% fuels calls for September rate cut from the Fed
The Consumer Price Index (CPI) reading by the Bureau of Labor Statistics today (11 July) marks a drop from the 3.3% recorded in May, while core inflation, which strips out volatile food and energy prices, was down from 3.4% the month prior to 3.3%. Among the biggest contributors to the decrease were gasoline, which fell by 3.8%, and energy, which was down 2%. Meanwhile, shelter, motor vehicle insurance, medical care and personal care, and house furnishings and operations were all up over the month. US economy adds 206,000 jobs in June as unemployment rate inches higher According to...

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