Food Financial News

1. Samsung Direct Cool Refrigerator The Samsung Direct Cool Refrigerator is a 5 star refrigerator with a capacity of 212 litres. It features a digital inverter compressor for energy efficiency and an easy slide shelf for convenience.

H5N2 bird flu, the first confirmed human infection with the strain, died from multiple factors, the WHO said Friday, adding that investigations were continuing.

Reserve Bank of India (RBI) Friday maintained policy interest rates and its monetary stance for the eighth straight review meeting amid concerns of a likely spike in food prices, but cracks in Monetary Policy Committee widened with two of the six panel members favouring easier money.

The total global volume of fish, shrimp, clams and other aquatic animals that are harvested by farming has topped the amount fished in the wild from the world’s waters for the first time ever

Consumption inequality declined over the last decade, with the share of the top 10% households in consumption falling 1.9% in rural areas and 4% in urban areas, showed results of the Household Consumption Expenditure Survey (HCES) released on Friday.

research has indicated increasing incidents of sudden ‘heart attacks’ among those who consume these drinks. This has once again raised questions related to food labeling. This has also caught the notice of the Indian food regulators who had earlier asked companies to desist from labeling drinks as ‘energy drinks’ after it found large-scale irregularities in the ingredients used to manufacture these energy drinks. This has been reported by the New York Post.

cloud kitchens. These are virtual kitchens that operate only for delivery or takeout without needing a physical storefront.

Canada’s unemployment rate rose in May despite a gain of 27,000 jobs, Statistics Canada said Friday.

Heritage Foods has been in the thick of action with the stock gaining by over 64% or Rs 259 per share in five trading sessions. The rally in the stock price has boosted N Chandrababu Naidu's family fortune by Rs 858 crore. On Friday, shares of Heritage Foods were locked in 10% upper circuit and hit a fresh 52-week high of Rs 661.75 on the BSE. On May 31, Friday (a day before the final phase of polling and exit polls) the stock had ended at Rs 402.80. Between Monday, June 3 and Friday June 7, the share price has seen an unbeaten rally.

LT Foods Ltd.(up 11.44%), Heritage Foods Ltd.(up 10.00%), Bikaji Foods International Ltd.(up 6.76%), Dodla Dairy Ltd.(up 4.53%), Bajaj Consumer Care Ltd.(up 4.10%), Patanjali Foods Ltd.(up 2.69%), Dabur India Ltd.(up 2.67%), ADF Foods Ltd.(up 2.63%), Marico Ltd.(up 2.38%) and Emami Ltd.(up 2.09%) stood among the top gainers.

Indian stocks. If you remember, we wrote to you about ‘Modi stocks’ recently and their stellar show just before the election results. Now, with the elections done and dusted, two stocks related to the TDP have taken centerstage.

Jubilant Foodworks Ltd. fell 1.03 per cent to Rs 516.2 in Friday's session as of 12:47PM (IST) even as the equity benchmark Sensex traded 1414.56 points higher at 76489.07. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 586.35 and a 52-week low of Rs 420.85 on NSE. Around 30343 shares changed hands on the counter till 12:47PM (IST).

key lending rates unchanged for an eighth straight time but with a bigger split in votes. The Reserve Bank of India also indicated it has «greater elbow room» to ensure price stability in Asia's third-largest economy, which is seeing strong growth but price pains continue to worry everyone from the aam admi (common man) to Mint Street and New Delhi bosses.

«Other announcements which are all for increasing the safety and soundness of the banking system and the payments and other things, that are welcomed,» says R Gandhi, Former RBI Deputy Governor. What to your mind actually stood out from the governor's commentary given that it was along expected lines and a status quo? Yes, that is right. The whole policy announcements are on expected lines only. Both by the market and others going by any standard I do not think anybody would have thought otherwise. Of course, going forward, everybody would be expecting the rate cut to come in sometime soon. So it could be in August or October, that will be the next debate, that would obviously depend upon the inflation footprints that we will get this month and next month so that should guide us.

Reserve Bank of India (RBI) Friday maintained policy interest rates and its monetary stance for the eighth straight review meeting amid concerns of a likely spike in food prices, but the cracks in the Monetary Policy Committee widened in favour of easier money. It surprisingly raised the FY25 growth forecast, sending equity indices higher.

Stocks in rate-sensitive sectors such as banking, finance, auto, and real estate soared by as much as 8% following the RBI's decision to maintain the interest rate unchanged.

RBI Monetary Policy LIVE UpdatesThe recent Lok Sabha elections have further bolstered economic sentiment, enhancing investor confidence through political stability and consistent economic policies.RBI Governor Shaktikanta Das recently announced this fiscal year's second bi-monthly monetary policy, stating that the Monetary Policy Committee (MPC) has opted to maintain the repo rate at 6.5 percent.He noted that the MPC will closely monitor elevated food inflation, especially considering the anticipated normal monsoon.Additionally, the RBI revised its growth forecast for the current fiscal year to 7.2 per cent, up from the previous estimate of 7 per cent.The government has directed the RBI to aim for CPI inflation of 4 percent with a deviation allowance of 2 percent on either side.The cycle of rate increases, which saw six consecutive hikes totalling 250 basis points since May 2022, was halted in April last year.Milestone Alert! Livemint tops charts as the fastest growing news website in the world

Stock market news: The recent uptrend in Heritage Foods shares, which have been on the rise for the past five days, is one of the significant developments on Dalal Street. Despite the stock market crash following the disappointing Lok Sabha Election results on Tuesday, the FMCG stock remained resilient.

ShiromAkali Dal (SAD) leader Harsimrat Kaur Badal on Friday said that the new government at the Centre should focus on addressing grievances of the farmers and fulfil its previous promises made to them previously.

Zomato.On June 6, the official handle of the Commissioner of Food Safety, Telangana, posted on the social media site X (formerly known as Twitter) that a task force inspected the Blinkit warehouse at Devar Yamjal in the state's Medchal-Malkajgiri district.Also Read | Air India-Vistara merger: NCLT approves move, paves way for Tata-backed India's largest international carrierIn a list of violations discovered, the Commissioner noted that the premises were "very disorganised, unhygienic and dusty at storage racks."Further, there was no Food Safety Training and Certification (FoSTaC) trainee available at the site. The food handlers were found without headgear, gloves, and aprons and did not have medical fitness certificates available.The team also seized ₹52,000 worth of "suspected (to be) infested" whole farm ragi flour and toor dal and sent the samples to a lab for testing.