Food Financial News

Bernstein.Bernstein expects sectors such as infra, manufacturing, domestic cyclical, financials, and SOEs (state-owned enterprises) to lead, while consumer and IT will lag. For a few days, SMIDs (small and midcaps) may do better than large caps, said Bernstein.The final two phases of the seven-phase Lok Sabha election 2024 are scheduled for May 25 and June 1.

quarterly earnings for the January-March 2024 period on Thursday, with some important names like ITC, IndiGo, Honasa, and Tata Investment in the mix. Other companies which will also announce their earnings include Bikaji Foods, Cello World, Concord Biotech, Fortis Healthcare, Icra, Uno Minda, Zaggle Prepaid and many more.

ITC, IndiGo, Grasim, Power Grid, Nykaa, Gland Pharma among others will be in focus due to various news developments and quarterly earnings. ITC, IndiGo, Honasa, Tata Investment Shares of ITC, IndiGo, Honasa and Tata Investment will be in focus as the companies will announce their fourth quarter results today.

Federal Reserve officials grew more concerned at their most recent meeting about inflation, with members indicating that they lacked the confidence to move forward on interest rate reductions.

Use of diabetes and obesity medications such as Ozempic, Wegovy and other so-called GLP-1 drugs has soared among teens and young adults

Stocks that are trading heavily or have substantial price changes on Wednesday: Target, Lululemon fall; Petco, Dycom

Kadeau is not an easy restaurant to reach. You'll have to take a flight or an overnight ferry from Copenhagen.

Jubilant FoodWorks Ltd (JFL) which operates master franchise rights from Domino’s Pizza in India and select global markets on Wednesday said it could potentially open over 5,500 Domino’s Pizza stores in the six global markets it operates in the medium term up from the current 2,793 outlets in these markets.To be sure, JFL operates Domino’s Pizza outlets in India, Turkiye, Bangladesh, Sri Lanka, Azerbaijan and Georgia. Last year, Jubilant Foodworks Netherlands BV (JFN), a wholly owned subsidiary of Jubilant FoodWorks Ltd, fully acquired DP Eurasia that operates as exclusive master franchisee of Domino’s Pizza in Turkey and Georgia effectively expanding its geographical footprint outside Asia.Overall, the JFL Group store network across six markets and five brands consists of 2,990 outlets as on 31 March 2024.

Almost two-thirds of Canadians feel that inflation at the grocery store is getting worse, a new poll suggests, even as food inflation has been steadily cooling.

Canada has reached “a critical turning point” as the high cost of living and housing in this country push more people below the poverty line, says a report out today from Food Banks Canada.

Sheetal Cool Products Ltd.(up 8.44%), Emami Ltd.(up 4.60%), Future Consumer Ltd.(up 4.55%), Bajaj Consumer Care Ltd.(up 2.88%), Tasty Bite Eatables Ltd.(up 2.81%), Dabur India Ltd.(up 2.72%), Procter & Gamble Hygiene & Healthcare Ltd.(up 2.54%), Hindustan Unilever Ltd.(up 2.44%), Tata Consumer Products Ltd.(up 2.42%) and Marico Ltd.(up 2.13%) stood among the top gainers.

Explore 9 ice cube trays to whip up refreshing treats and drinks that will keep you cool and satisfied all summer. From fruity ice cubes to creamy popsicles, there's something for everyone to enjoy. Dive in and discover how to make the most of your ice cube trays this season!

Bangalore (Karnataka) [India], May 20: In the fast-paced world of food and beverage, where trends shift with the wind and consumer preferences evolve rapidly, adaptability is key. Amidst this ever-changing landscape, Stonefield Flavors stands out as a beacon of innovation, reshaping the industry with its unwavering commitment to speed and creativity. Under the leadership of CEO Sandeep Devgan and his ‘Dream Team, as he calls it, the company has swiftly risen to prominence, becoming the fastest-growing flavour manufacturing multinational from India, a testament to its visionary strategies and dedication to excellence.

Cipla on Wednesday said it has received approval from the US health regulator to market a generic medication used to treat acromegaly and other conditions. The company has received the final approval from the US Food and Drug Administration (USFDA) to market Lanreotide injection in multiple strengths, the Mumbai-based drug maker said in a statement. The company's Lanreotide Injection is therapeutic equivalent generic version of Somatuline Depot Injection, it added. The drugmaker said its product is indicated for the treatment of patients with acromegaly and gastroenteropancreatic neuroendocrine tumours.

Varun Beverages Ltd. gained 0.11 per cent to Rs 1512.65 at 10:55AM (IST) in Wednesday's trade. The scrip hit a high of Rs 1522.5 and low of Rs 1509.5 so far during the session. The stock had closed at Rs 1510.85 in the previous session. The counter had a total traded volume of 10:55AM shares so far with a turnover of Rs 2.62 crore on BSE. The stock traded at a price-to-earnings multiple of 90.85 and a price-to-book ratio of 23.16.

Nestle will market a new, US$5 line of frozen pizzas and protein-enriched pastas in the United States which it says it designed specifically for people taking drugs such as Wegovy or Ozempic for weight loss.

Bolvin Wealth Management Group President Gina Bolvin discusses the move in commodities, expected inflation data, the housing industry and her outlook for consumers.

Plant Based Foods Industry Association (PBFIA) on Tuesday urged the Food Safety and Standards Authority of India (FSSAI) to ease restrictions on the use of the term «milk» on packaging. Speaking at a summit here, PBFIA Executive Director Sanjay Sethi requested the FSSAI to allow uniform nomenclature, despite the current «this is not dairy» disclaimer on cartons, a statement said. Sethi called for FSSAI's chief executive officer (CEO) to engage with the industry, exchange ideas and foster collaboration to support startups and product innovation against bigger players. He proposed setting up "Plant Protein Clusters" across states to facilitate collaboration between institutes, startups and the government.

pet care industry is also riding on them to expand its market. The industry, current valued around Rs 5,000 crore is set to cross Rs 10,000 crore by 2028. Nuclear families in India are already uping their monthly average expenditure to Rs 5,000 or more on pets, reported ToI. In Bengaluru, the average spend is estimated at Rs 3,000 per month, said Shashank Sinha, CEO at Drools Pet Food. “One key trend is the recognition of pets as companions who can help combat loneliness and anxiety. Smaller families and busy schedules create a desire for emotional support and loyalty that pets offer,” Sinha said to ToI. India has over 31 million pet dogs and 2.44 million pet cats, the fifth highest pet population in the world, however the packaged food penetration is small catering to only 5% of the calorie intake of the pets, while it is as high as over 90% in Europe.

Easing of rates by the Reserve Bank of India might still have to wait going by the hawkish tone in an assessment of the economy published by the RBI economists in its latest monthly bulletin. “A modest easing of headline inflation in the reading for April 2024 confirms the expectation that an uneven and lagged pace of alignment with the target is underway” wrote the Reserve Bank of India deputy governor Michael Patra and his team in their assessment of the economy published in the latest monthly Bulletin. Significantly the statement seems to suggest that full alignment with the target may still have to wait. Hence easing of rates. The views expressed are not that of the Reserve Bank of India.

The annual inflation rate slowed to 2.7 per cent in April, Statistics Canada said Tuesday, as cooling grocery price pressures offset higher fuel costs.