Food Financial News

inflation, but incomplete transmission of the 250 basis point policy rate hikes since May 2022 could delay reversal of the rate cycle by the Reserve Bank .

Kashmir in connection with the Reasi terror attack case. The searches led to the seizure of various items showing linkages between the terrorists and overground workers (OGWs), a statement issued by the NIA said.

Most of my life, I didn’t need tourism. The first time I went on a vacation was when I was 27, and it was just about 20km across the bay from Mumbai, where I lived. But, finally, I was on this famous thing called a vacation.

chai paired with assorted fritters makes the perfect combo on rainy days. But, if a monsoon wine party is on the cards, consider serving bhajias with an acid-rich vino that cuts through the fat in fried foods. Wine professional Sonal Holland says she would swap her chai for a classic Riesling from Germany’s Mosel region.

Akasa Air spreads its wings on domestic and international routes, the less-than-two-year-old airline's chief Vinay Dube has said he does not think about competition in encouraging or discouraging terms, as the aviation market is «big enough for us to succeed». The carrier, which took to the skies in August 2022, currently has a fleet of 24 Boeing 737 MAX planes and operates more than 900 flights weekly.

ITC increased by 24.11 per cent in FY24 compared to the previous year. The company’s annual report said that the number of employees earning above Rs 1 crore touched 350 with 68 additional high-ranking employees joining the bracket. The number stood at 282 in FY23.

Bihar will roll out the red carpet for domestic and foreign investors at a mega event in December as it looks to lure investments in sectors like textiles, food processing and EVs that will create jobs and boost business in the state. After the grand success of the 2023 edition, the state will host the two-day Bihar Business Connect event on December 11 and 12 in Patna. And before that, it will hold roadshows in different cities, beginning with Kolkata on Monday.

wedding industry size of approximately Rs 10 lakh crore (USD 130 billion) is second only to food and grocery, with an average Indian spending twice on marriage ceremony than education, a report said. India sees 80 lakh to 1 crore weddings annually compared to 70-80 lakh in China and 20-25 lakh in the US. «The Indian wedding industry is nearly double the size of the industry in the US (USD 70 billion), albeit smaller than China (USD 170 billion),» brokerage Jefferies said in a report.

Looking for the sexiest, most fun-loving destination in France this summer? Avert your eyes from Saint-Tropez and look farther east to Nice, dismissed for too long as a retirement community for Europe’s aristocracy. You’ll still spot plenty of heavily tanned white-haired people walking alarmingly over-groomed dogs on the famous seaside Promenade des Anglais. These days, however, they’re joined by joggers, skateboarders and cyclists taking advantage of the countless new bike lanes that have been created since 2008.

The Ten Percent Thief, shortlisted for the Arthur C Clarke Award 2024, a brutal meritocracy rules the world—one based on productivity and conformity A. former game designer, the 35-year-old author, who lives in Bengaluru, has had several short stories published in anthologies like The Best of World SF (Vol 2) and The Big Book of Cyberpunk.

AI) as a powerful force multiplier for small businesses is no longer a pipe dream. It is already beginning to level the playing field and is enabling emerging businesses from across India to compete more effectively.

When you enter a restaurant, the entire experience takes centrestage and goes beyond food. This statement by Mumbai-based architect-designer Ashiesh Shah, who has spearheaded projects like Sequel and Neuma in Mumbai, among others, probably sums up the design-forward approach being taken by restaurants across the country. While the food remains integral, these establishments are also betting big on innovative decor elements to carve out a niche for themselves and offer an immersive dining experience to guests.

Chef Ho Chi Ming doesn’t want to forget his roots. “I want to travel around, telling people what Calcutta Chinese food is all about,” says the third-generation cook in the family.

Swiss food giant Nestle is targeting stable growth in sales volumes from the second quarter throughout the remainder of the year as cost inflation eases, its CEO told Swiss weekend paper «Schweiz am Wochenende» on Saturday. «From the second quarter and for the rest of the year, we can expect a stable, positive contribution to growth from volume and product mix,» Markus Schneider was quoted as saying by the newspaper.

Rouse Avenue Court on Saturday reserved its order, denying immediate relief to Delhi Chief Minister Arvind Kejriwal in the liquor policy case. Kejriwal was sent to a three-day CBI custody on Wednesday in connection to the liquor policy case. The CBI filed and application to send Kejriwal into judicial custody after his police custody period was over.

ITC Ltd has overtaken Britannia Industries for the first time to become the second largest listed packaged foods company by sales in India, behind Nestle. ITC's foods business posted consolidated sales of Rs 17,194.5 crore for the fiscal year ended March 31, 2024, the company that owns brands such as Aashirvaad atta, Bingo potato chips and Sunfeast biscuits in the segment said in its latest annual report. This comprised both domestic sales and exports. At Britannia, consolidated sales were ?16,769.2 crore, while total income, including from outside its core foods business, was Rs 16,983.4 crore.

food delivery platforms, restaurants and consumer brands are gearing up for a surge in orders as India takes on South Africa in the T20 World Cup final on Saturday. As the national men's cricket team aims to end the drought for an ICC trophy, bars and restaurants that plan to screen the match for fans back home expect to host a full-house and also cater to an increase of 20% to 50% in their online sales. «Events like these often see a joint viewership, and that leads to a surge in large orders with different components as various members have different preferences,» said Sagar Kochhar, cofounder of cloud kitchen startup Rebel Foods, which runs popular brands like Faasos, Behrouz Biryani, Oven Story, and Wendy's India.

protein supplements, powders and shakes without authorised medical certifications or with misleading labelling claims, said people with knowledge of the matter. The Food Safety and Standards Authority of India (FSSAI) is set to release tighter regulations on protein supplements, after it conducted a study which revealed that dozens of protein powders and supplements were being sold at store shelves, gymnasiums and e-commerce platforms with false and misleading claims, said one of the persons. «There are a lot of protein products in the market which are more harmful than beneficial,» said an FSSAI official, who did not wish to be identified. «The idea is to have stringent norms so that there is no damage to public health.» The crackdown could lead to a ban on sale of scores of such products which do not meet the new norms, according to people in the know.

U.S. officials say a new study provides reassurance that pasteurization kills bird flu virus in cow’s milk