Food Financial News

₹102.60, which is 90% higher than the issue price of ₹54.Subscriptions for the Dindigul Farm Product IPO opened on Thursday, June 20, and ended on Monday, June 24. Shares in the Dindigul Farm IPO lot size were 2,000.

Varun Beverages Ltd. traded 1.23 per cent up at Rs 1625.35 on Thursday at around 10:30AM (IST), while the benchmark BSE Sensex advanced 340.24 points to 79014.49. As many as 10,961 shares changed hands on the counter with a total value of Rs 1.77 crore.

The journey of these small businesses can be challenging due to limited resources, a discerning market, fierce competition, and in some cases, access to knowledge and opportunities. But the indomitable spirit of the Indian entrepreneur shines through as they adapt, innovate, and find ways to thrive. From across the country, home to millions of small businesses, here’s a glimpse into the stories of four resilient entrepreneurs who have carved out inspiring paths that have shaped their journey and the journey of those they reach as employees and consumers. MohanJodero: Embracing India’s timeless artistry in the heart of Delhi In the center of Delhi lies a store that serves as a gateway to India’s past.

ice cream manufacturer has recalled multiple products, media outlets reported quoting the Food and Drug Administration. The decision taken by Totally Cool, Inc. of Owings Mills was owing to «possible health risk», as per the FDA. In a relief, there has been no report of illness due to these products, FDA has stated.

Federal food safety regulators are warning Bimbo Bakeries USA to stop using misleading labels that say products contain potentially dangerous allergens when they don't

An Iranian-backed umbrella group known as the Islamic Resistance in Iraq has claimed an attack targeting the southern Israeli port city of Eilat

A U.S. aid official says thousands of tons of food, medicines and other aid piled up on a Gaza beach isn’t reaching those in need because of a dire security situation on the groun

18th Lok Sabha is currently underway. The session, which began on June 24 and will conclude on July 3, is already seeing a lot of action between the opposition and treasury benches. Amid all the tense moments, a video of Kangana Ranaut and Chirag Paswan is going viral on social media. The actor-turned-MPs met outside Parliament today ahead of the Speaker's selection. The two young netas greeted each other with a 'low five'.

Mahabharata. He entered the Chakravyhu but couldn’t escape it.There is always a lag between the effort and its outcome. That is how nature is designed.

Ben Cohen and Jerry Greenfield are about as well known for their progressive politics as they are for quirky ice cream flavors like Chunky Monkey and Phish Food. Their experiment in melding business with social justice for years seemed like a model that many in the corporate world were warming up to. And then attitudes cooled.

America’s insatiable demand for weight-loss medications is minting vast fortunes—and not just for the makers of GLP-1 drugs such as Ozempic. Shares of Hims & Hers Health, the telehealth provider better known for its trendy commercials for erectile-dysfunction medications, are up more than 150% this year. The company said last month it would start offering compounded forms of the injections that use the same active ingredients as the popular drugs Ozempic and Wegovy.

New Delhi, India – June 26, 2024 –Flychem is a leading manufacturer and distributor of high-quality ingredients for personal care, home care, pharmaceuticals, food and beverages, agriculture, and nutraceuticals while prioritizing quality and sustainable practices. Flychem is proud to announce the launch of the world’s most advanced high-purity Encapsulated Salicylic Acid under the brand name KOSAVATM.

NEW DELHI : For the first time, India has achieved a higher ethanol production from grains, especially maize, than sugar-based feedstock, on the back of a government cap on the diversion of sugar for producing the biofuel. The share of grain-based ethanol stands at nearly 51% so far in the current ethanol-supply year (November 2023-October 2024), said two officials with access to data. Till 9 June, 357.12 crore litres of ethanol have been produced—175.74 crore litres from sugar-based feedstock—sugarcane juice, B-heavy molasses and C-heavy molasses—and 181.38 crore litres from grain-based feedstock—damaged foodgrains, surplus rice and maize available with Food Corp.

NEW DELHI : Jayanth R. Varma joined the Reserve Bank of India’s (RBI's) monetary policy committee (MPC) in October 2020, and in his very first meeting, he dissented. Ashima Goyal, who was appointed at the same time, has since emerged as the only other dissenting voice, albeit not as often as Varma, who was a hawk initially, but turned dovish in the middle of 2022.

The company has proposed August 21 as the record date for the dividend payment. However, this is subject to the shareholders’ approval.

FMCG major Hindustan Foods (HFL) surged 15% today on BSE to Rs 582.50 after a likely equity stake sale of 11.1% via a block deal on Wednesday. The deal size is said to be approximately worth Rs 720 crore. Westbridge, Sixth Sense are among a few PE investors that are likely to be the sellers in the transaction. However, the official details of the buyers and sellers are not currently known.

₹1,000, a duration of 5 years, and an interest rate of 5%. If you buy this bond for ₹1,000 and RBI cuts its interest rates by 1%, the bond’s price would increase by about 5% (1% change in interest rates multiplied by the 5-year duration). Consequently, the price of the bond would rise to ₹1,050.

Foreign and Commonwealth Office (FCO) has issued a warning after more than 14 cases of meningococcal disease were detected in those who were returning from Saudi Arabia after undertaking the Umrah pilgrimage. The Travel Health Pro website which is supported by the FCO listed down these cases and revealed that as of June 21, a total of 5 such cases were reported from the US, four in France, three in the UK and one each in Norway and in the Netherlands. The situation is being monitored by the health authorities in the UK. Invasive meningococcal disease is a significant cause of meningitis and septicaemia. It is a bacterial infection which results in the death in one among ten cases.

May’s inflation rate came in surprisingly high, leading some economists to cast doubt on their predictions of a second interest rate cut next month.

Celebrity chef Andrew Gruel discusses the rising cost of doing business in California as a beloved fast-food chain is forced to close 48 locations throughout the state.  

Mumbai: Just like the post-pandemic recovery, the Indian inflation story is also 'K-shaped' and is hurting certain sections more than others, a foreign brokerage said on Tuesday. Rural consumers are more impacted by price-rise than their urban counterparts, economists at HSBC said, adding it outstripped the urban segment by 1.1 percentage point in May, mainly due to higher food inflation. «The same developments, driving a K-shaped recovery, seem to be driving K-shaped inflation dynamics,» they said in a report. The report by its chief economist Pranjul Bhandari cited the ongoing heat waves, pointing out that higher food and lower core inflation are coexisting because of crop damage and livestock mortality pushing up the former.