Food Financial News

Danish authorities have issued a recall for several spicy ramen noodle products from South Korean company Samyang due to safety concerns. Reports indicate that these noodles contain dangerously high levels of capsaicin, a compound found in chili peppers. This move comes amidst a growing trend in the popularity of Korean noodles, raising concerns about their safety for consumption.

Agritech startup DeHaat on Wednesday reported a 40% increase in operating revenue to Rs 2,700 crore in FY24, while cutting its losses by half.

consumer inflation continued to cool last month, according to US government data published Wednesday, giving the US Federal Reserve some positive news shortly before it publishes its latest interest rate decision.

Inflation in the United States eased last month in a hopeful sign that a pickup in prices that occurred early this year may have passed

India's retail inflation eased to 4.75 per cent on an annual basis in May as against 11-month low of 4.83 per cent in the previous month, showed the government data on Wednesday

India’s ministry of statistics and programme implementation (Mospi) recently released a full report on the results of the Household Consumer Expenditure Survey (HCES) along with unit-level data. A factsheet highlighting some key results had been released earlier this year. This survey has made a number of changes in methodology, which has caused some confusion among the commentariat.

Italy is the Chair of G7 this year, and is hosting the G7 Summit on 13-14 June. Italian PM Georgia Meloni has invited the Indian PM to the G7 Outreach Summit in Puglia on 14 June in the backdrop of historic ties and commitment to rule of law, respect for human rights and achieving economic development through inclusive growth.

Heritage Foods fell another 5% in today's trade to ₹627.30 apiece, extending their downward trend for the third consecutive session as investors engaged in profit booking. The company's shares made headlines recently due to their stellar performance, soaring 70% in just seven sessions between June 4 and June 10.

«If things go as is being projected minus the competition scare, the very recent competition scare coming in that they are going to disrupt business for Zomato as a whole, I would believe that profit numbers are going to surprise in 2026,» says Manish Sonthalia, CIO, Emkay Investment. You bought into Zomato, but Zomato now has a market cap of 2 lakh crore, almost 2 lakh crore, that makes it in the top 50 companies in terms of market cap. What is the right way to look at a company like Zomato now from the valuation lens because survival has happened, turnaround has happened, growth has happened, acquisition has happened, now it is back to brass tacks, which is let us value this business which is a high growth business based on either cash flow or on other multiples? If things go as is being projected minus the competition scare, the very recent competition scare coming in that they are going to disrupt business for Zomato as a whole, I would believe that profit numbers are going to surprise in 2026.

Alternative: Bangkok. Shopping is better, and a much more vibrant food, drinks and café scene. If Angkor Wat is what you want to see, you will have to go to Siem Reap.

Mint explains why: Organized retail space completion will see a significant surge and add nearly 45 million sq. ft between 2024 and 2028-end in the top seven cities. The new addition of space will happen through 88 new retail developments, including shopping malls and large, integrated retail-led projects, according to estimates by JLL India.

The House of Commons voted Tuesday to approve the Liberal government’scapital gains tax changes despite the Conservatives opposing the measure.

Powerball lottery jackpot? A mid-Michigan couple has announced the winners of the lottery on the ticket they bought on New Year's Day. According to 'Yahoo! News', Michigan Lottery Commissioner Suzanna Shkreli said that the Breakfast Club lottery club decided to take a cash lump sum of $305 million after taxes. The Breakfast Club, member and Attorney Mark Harder said the middle-aged couple has “been elated and overwhelmed, thrilled and nervous”. The winning numbers of the draw were 12, 21, 42, 44, 49 and red Powerball: 1.

A mid-Michigan couple and a lawyer from the west side of the state have been announced as winners of an $842.4 million Powerball lottery jackpot from a ticket purchased on New Year’s Day

Justin Trudeau meets Joe Biden at the G7 summit in Italy this week, Trudeau probably won't ask if the US might have a civil war soon. But, as per the reports of 'Politico', a research group in Trudeau's government is already thinking about it. In a report called «Disruptions on the Horizon,» they suggested that Ottawa should prepare for the possibility of a civil war in the U.S. The report mentioned how ideological differences, weakening democracy, and unrest within the country could lead to such a situation. The report is 37 pages, but it says this in just 15 words.

Towns in central and southern Puerto Rico are struggling to emerge from a prolonged power outage that has forced authorities in the U.S. territory to activate an emergency response team

The U.S. Food and Drug Administration says consumers should avoid eating shellfish from Oregon and Washington state as they may be contaminated with toxins that cause paralytic shellfish poisoning

Pakistan's assistant coach, Azhar Mahmood, spilled the beans, and fans seem to be sure now that the person in the video is Azam Khan.In a press conference, a reporter asked straight question on why players are spending time at different places in New York late in the night when the Pakistan cricket team is doing badly in the T20 World Cup 2024. "The way we saw the journey from Dallas to New York, we see that players are given a diet plan. The players are given different rules and regulations.

Chandrababu Naidu-linked stocks, Amara Raja Energy & Mobility and Heritage Foods, whose prices have increased by 124% and 230% respectively in the last one year and have come into limelight as TDP won the assembly elections. Heritage Foods has experienced a remarkable surge of over 105% in its stock price over the past 12 trading sessions alone while Amara Raja Energy, whose Managing Director Jay Dev Galla was a former MP from TDP (Telugu Desam Party), has seen its shares rally over 20% post Naidu-led TDP securing a win in the assembly elections.

employment data in the US weakens the case for monetary policymakers in the world's biggest economy to begin the cycle of easing, said a report by ICICI Securities Primary Dealership. Reserve Bank of India (RBI) Governor, Shaktikanta Das, Friday said that the rate-setting panel will look at domestic conditions while taking rate cut decisions and will not be following the Fed. Other central banks are also diverging from the Fed, as the Bank of Canada and European Central Bank cut rates last week.