Food Financial News

Zomato has jumped over 7 percent in 2 sessions after the food delivery firm confirmed discussions with Paytm regarding acquiring Paytm's movies and events business."We acknowledge that we are in discussions with Paytm for the aforementioned transaction, however, no binding decision has been taken at this stage that would warrant a Board approval and subsequent disclosure under applicable law," it said in a regulatory filing. “The above discussion is being undertaken with the intent to strengthen our going-out business further and is in line with our stated position of focusing only on our four key businesses currently," it added.Meanwhile, Paytm has also confirmed.

The National Hotel & Lodging Association says a majority of hotels across the country are understaffed.

Government officials say Dollar Tree stores failed to effectively recall lead-tainted applesauce pouches linked to illness in more than 500 U.S. children

household consumers surveyed cutting consumption or feeling the pinch of rising prices of onion, potato and tomato and another 31% are likely to be impacted once per kg prices cross INR 50 for these items 2 in 3 household consumers surveyed confirmed paying Rs 25/kg or more for tomato, Rs 30/kg or more for potato and Rs 35/kg or more for onion. While tomatoes are still affordable at these prices, potatoes and onions are now selling at much higher rates than their average price of Rs20/kg. The summer monsoon set in two days early in Kerala this year but so far it has remained sporadic, leading to humid weather. In most states, with temperatures rising, power cuts and water shortages are being reported. The result is, there is more demand for fruits and vegetables, which have become pricier. The prices of essential vegetables onion, potato and tomato have also shot up by 20% to 50% in the last few weeks.

Bihar that the only son of Chief Minister Nitish Kumar, the JD(U) president who is known to be against «dynasty rule», could enter active politics. Nishant Kumar has been a reclusive figure, seen in public with his father on rare occasions. For the past few weeks, there have been murmurs that the 73-year-old leader could agree to «demands from within the party» that Nishant formally join the JD(U), which lacks a second rung leadership that could take over from the supremo once he decides to hang the boots. The speculations intensified on Monday, when Vidyanand Vikal, who is associated with the party and heads the State Food Commission, came out with a social media post.

PepsiCo India is seeking to enhance the livelihood prospects for 1 million women in the country by 2026 under an initiative that focuses on sustainable development and gender equality, the beverages and packaged foods company said. It is looking at doing this through a combination of upskilling, awareness building and by offering job opportunities. The company has named this initiative as RevolutioNari, and is currently looking at partnering with other companies for this project.

Ever get your McDonald’s order mixed up at an AI-powered drive-thru

Russian authorities have detained three people in connection with a suspected botulism outbreak

₹79,927 trillion at the end of March, NSE data show.Sebi is now considering a series of tweaks to its derivatives trading rules, including higher margins for selling options contracts and more detailed disclosures.Also read | Why Sebi’s reviewing the eligibility criteria for derivatives tradingLast month, finance minister Nirmala Sitharaman alluded to an unchecked explosion in retail trading of futures and options, saying it could create challenges not just for the markets but for investor sentiment and household finances as well.Das on Tuesday said the last mile of the disinflationary process was proving to be sticky owing to 'stubborn' food prices. But he added that it was "too premature" to change the monetary policy stance and that the apex bank had to shun an "adventurism" approach on the rates front.Also read | The MPC has done well to keep policy interest rates unchanged"The disinflationary process is facing a lot of resistance from food inflation which is stubborn and high, primarily due to supply-side factors affected by weather conditions," he said.RBI's monetary policy committee kept its rates and stance unchanged in its June policy.

BlackRock chief investment officer of global fixed income Rick Rieder shares his playbook for stock investors and breaks down the impact of high rates on inflation on 'Barron's Roundtable.'

Paytm, witnessed a 3 per cent downfall during Tuesday's trading session. This decline occurred amid ongoing discussions with food delivery giant Zomato regarding the potential sale of its movie ticketing business.During intraday trading on the NSE, Paytm shares fell to a low of ₹411 apiece, marking a 3.31 per cent decline from the previous closing price.

Reasons to BuyReasons to AvoidWhat are buyers saying?Buyers love the ease of use, preset menus, and the healthier frying option. Some users report the build quality is not very sturdy, and they have also faced technical issues.Why choose this product?Choose this air fryer if you want a user-friendly appliance with preset menus for effortless cooking.

US health regulator for its generic Dabigatran Etexilate capsules 75 mg and 150 mg used to reduce risk of stroke and blood clots in adults with a certain medical condition. The US Food & Drug Administration (USFDA) has also granted tentative approval for the Abbreviated New Drug Application (ANDA) for Dabigatran Etexilate capsules 110 mg, Alembic Pharmaceuticals, said in a statement. The approved ANDA is therapeutically equivalent to the Reference Listed Drug product (RLD), Pradaxa Capsules, 75 mg, 110 mg, and 150 mg of Boehringer Ingelheim Pharmaceuticals, Inc. (Boehringer), it added. The Dabigatran Etexilate capsules are indicated for the reduction of risk of stroke and systemic embolism in adults who have a medical condition called atrial fibrillation that is not caused by a heart valve problem.

₹1 lakh and earned a return of 10%, resulting in a maturity amount of ₹1.1 lakh. If inflation averaged 5% per year, then the cost price for the investor could be claimed at more than ₹1.1 lakh. Hence, for tax purposes, the investor would actually make a capital loss, implying that no tax had to be paid on real capital gains.

Zomato, Paytm, HAL, Som Distilleries, Adani Enterprises, TCS among others will be in focus due to various news developments. APL Apollo Tubes The National Company Law Appellate Tribunal (NCLAT) has directed the NCLT to hear afresh the insolvency plea filed by APL Apollo Tubes against one of its purchasers of goods.

NEW DELHI : Official statistics can sometimes seem at odds with ground realities. This is a debate usually confined to growth numbers, with the legitimacy of high growth often questioned on the basis of anecdotal evidence or an underlying data point. However, when it comes to inflation, it is no secret that the Consumer Price Index (CPI) needs a complete overhaul.

Coca-Cola India has sounded out the promoters of at least four top Indian business houses — including the Bhartia family that owns the Jubilant Group running the Domino's pizza chain, and the Burmans of Dabur — to sell a significant minority stake in its wholly owned bottling subsidiary, Hindustan Coca-Cola Beverages (HCCB), executives aware of the developments said. The Parekh family of Pidilite Industries, makers of the iconic adhesive brand Fevicol, M-Seal and Dr Fixit, and the promoter family of Asian Paints have also been approached for a potential $800 million to $1 billion investment via their respective family offices. Some of those approached are also exploring if they would route the proposed investments through one of their group companies. Jubilant Foodworks, India's largest food services company, for example is already in the consumer business and has the exclusive franchise for Domino's Pizza and Dunkin' Donuts and Popeyes in India. The company also owns the Domino's franchise in five other markets across Asia and has acquired Coffy, a leading coffee retailer of Turkey.

A brand new Solana memecoin named Chonq hit the scene with a presale on June 5th drawing in early investors and animal lovers as well as enthusiasts eager to be part of an exciting community.

The Commerce Department on Tuesday reports retail sales data for May; grocery store giant Kroger reports its first-quarter results on Thursday, and on Friday the National Association of Realtors releases its monthly snapshot of existing U.S. home sales

Reasons to BuyReasons to AvoidBuyers appreciate the refrigerator's sleek design, quiet operation, and ample storage space. Some have noted the freezer size could be bigger.If you want a stylish, energy-efficient fridge with ample fresh food storage and the convenience of frost-free technology, this is a good choice.Samsung's 183L Direct-Cool Single Door Refrigerator is a stylish addition to smaller kitchens.

Since calling a general election for July 4, British Prime Minister Rishi Sunak has been at pains to repeat a key message on the campaign trail: The economy is turning a corner