Food Financial News

MilkLane, an innovative dairy unit of agri-tech platform Innoterra, is redefining the way milk is produced, sourced, and delivered. With a focus on quality, traceability, and financial inclusion, MilkLane is bridging the gap between technology and traditional dairy farming.Quality Assurance: Safe Milk for AllMilkLane’s commitment to quality begins at the source. MilkLane is India's first and only supplier of high-quality milk which free of antibiotics and toxins.

Bar and Bench as saying. The Supreme Court was hearing a petition filed by the Indian Medical Association (IMA) against an alleged campaign carried out by Patanjali and its founders against the COVID-19 vaccination drive and modern medicine. No sale of suspended products: The Supreme Court also said that Patanjali should not be allowed to sell products for which licences were suspended.

consumer business. Reliance Industries Ltd (RIL) is entering the consumer electronics and home appliances market with a new made-in-India brand Wyzr. RIL's retail unit, Reliance Retail, has just launched Wyzr air coolers and plans to extend the range to categories such as televisions, washing machines, refrigerators, air conditioners, small appliances and LED bulbs. Reliance Consumer Products (RCPL) has already been growing rapidly.

A Tennessee-based sanitation company is agreeing to pay more than half a million dollars after a federal investigation found it illegally hired children to clean dangerous meat processing facilities

Stocks that traded heavily or had substantial price changes on Monday: BioCryst Pharmaceuticals, Freshpet rise; Luminar, Integra fall

Chandrika Dixit, famously known as Delhi's "Vada Pav Girl," continues to capture attention both on the streets and online. With her fast food stall in Delhi's Mongolpuri area, where she serves up Vada Pav to customers daily, Dixit has become a social media sensation.

Jyothy Labs Ltd.(up 10.19%), Marico Ltd.(up 10.04%), Godrej Consumer Products Ltd.(up 5.78%), Hindustan Unilever Ltd.(up 5.47%), Dabur India Ltd.(up 5.21%), Future Consumer Ltd.(up 4.77%), Emami Ltd.(up 4.30%), Gillette India Ltd.(up 2.79%), Sheetal Cool Products Ltd.(up 2.75%) and Britannia Industries Ltd.(up 2.22%) stood among the top gainers.

Saugata Gupta, MD & CEO, Marico, says “we have lost market share in the bottom of the pyramid segment in value-added hair oils, where there has been significant competitive intensity. Otherwise, in most of the categories, we have gained market share. What is also heartening is that we have continued to grow in our core brands as well as food, Parachute and all and also the premium part of value-added hair oils.” The commentary around rural recovery is gaining ground. What has been your reading with respect to how things are on the ground right now, especially on the rural front? Saugata Gupta: Last year, it was a combination of two factors. Obviously, rural demand was stressed. The premium part of the portfolio continued to grow. Having said that, we also saw a little bit of moderation in urban growth towards the second half of the year. What we now see is a slight uptick in rural growth towards the end of the quarter. The second thing which also happened is, at least in our portfolio, there was a lot of deflation in pricing that happened, a combination of price drops we took on Parachute and Saffola, as well as significant shrinkflation that happened in the value-added hair oils portfolio.

White-collar hiring in the country witnessed a 3% dip year on year last month and slipped 1% on month, the latest Naukri JobSpeak Index showed. This despite insurance (34%), travel and hospitality (16%), oil and gas (15%), and FMCG (11%) sectors clocking double-digit growth in job creation.

The 4% drop in sales falls short of the three-month average growth of 0.5% and the 12-month average growth of 2.2%, according to a survey by the British Retail Consortium. The distortion comes amid a change in Easter dates, as this year's run-up to Easter was in March, while last year's was in April. Following the distortion correction, the combined average growth for March and April rose by 0.2%, which was still below the three-month average growth of 0.5%.  The biggest increase in the three months to April was registered for food sales, which grew by 4.4% year-on-year. But April's f...

urban consumption for packaged consumer goods in the January-March ’24 quarter for the first time in five quarters, consumer intelligence firm NielsenIQ (NIQ) said in its quarter sector update on Tuesday. While urban demand declined sequentially at 5.7% in the quarter, rural markets, which are crucial for overall FMCG growth, grew at 7.6%.

Marico jumped 10% on BSE in Tuesday's trade to the day’s high of Rs 583 after the FMCG major on Monday reported a 5% year-on-year (YoY) jump in its March quarter consolidated net profit at Rs 320 crore. The revenue from operations rose merely 1.7% YoY to Rs 2,278 crore from Rs 2,240 crore in the year-ago quarter although the company managed to trim its expenses to Rs 1,894 crore in Q4FY24 from Rs 1,970 crore in Q3FY24 and Rs 1,907 crore in Q4FY23.

Check out the companies making headlines in midday trading:

New Delhi: India on Monday permitted export of 14,000 million tonnes of non-basmati white rice to Mauritius, the Directorate General of Foreign Trade (DGFT) said in a notification. “The export of 14,000 MT of Non-Basmati White Rice to Mauritius has been permitted through National Cooperative Exports Limited (NCEL),” the DGFT said. In July 2023, the government had prohibited the export of non-basmati white rice but it had said exports would be allowed on the basis of permission granted to other countries to meet their food security needs and based on requests from those countries.

₹20 for a 250ml bottle, it is the country’s first affordable energy drink. It is also low on sugar—6.8gm to Sprite’s 9.5gm and Red Bull’s 11gm per 100ml of serving. However, its relatively high caffeine—72mg—acts as a stimulant and makes it edgy.

financial year 2024-2025, all eyes are on the Reserve Bank of India and its actions that will shape the country's economic landscape. With the first monetary policy committee meeting for FY25 being on the hawkish side, the market is eager to gauge how and when will the central bank's stance change amidst the inflationary pressure sustaining.

Akshaya Tritiya, a significant festival in Hindu culture, is approaching on May 10, 2024. This auspicious day, also known as Akha Teej, holds deep religious importance for Hindus across the country.

Delhi Police has uncovered a massive racket involving the production and sale of adulterated spices in northeast Delhi's Karawal Nagar area. Two factories were raided, leading to the seizure of a staggering 15 tonnes of spurious spices. Three individuals, including the owners of these processing units, have been arrested in connection with the case. «Acting on this information, a team was formed, resulting in raids on May 1. During the operation, Singh was found operating one of the processing units, where he was producing adulterated turmeric using non-edible and banned substances such as spoiled leaves, rice, millets, wood dust, chilli heads, acids, and oils.» said the DCP. Despite their attempts to flee, both Singh and Sarfaraj were apprehended and interrogated. Singh confessed to be the owner of the manufacturing unit, while Malik admitted to supplying these adulterated spices, the officer said.

The Humane AI Pin, a voice-controlled personal assistant, was one of Silicon Valley’s most-hyped AI-first products. However, the hype has crashed rather fast. Barring Amazon’s Alexa and Apple’s Siri, voice interfaces have been tech’s biggest failures.

ALSO READ: Fed's Powell says looming US election will not sway rate decisions On May 7 (Tuesday), a report on consumer credit for March will be released by the US central bank. May 10 (Friday) will see the release of data on preliminary consumer sentiment for May. Following companies are due to report quarterly earnings in the week ahead—Tyson Foods, Vertex Pharmaceuticals, Palantir, Realty Income, Disney, McKesson, Ferrari, GlobalFoundries, Coupang, Electronic Arts, Rivian Automotive, Datadog, Uber Technologies, Anheuser-Busch InBev, Airbnb, Shopify, Arm, Energy Transfer, Trade Desk, Beyond Meat, Affirm, AMC Entertainment, Warner Bros.

Here are top 5 news of the day: Belstar Microfinance Ltd submitted draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (Sebi) to raise ₹1,300 crore through an initial public offering (IPO). According to the draft red herring prospectus (DRHP), the initial public offering (IPO) of the Chennai-based company comprises a ₹1,000 crore fresh issue of equity shares and an offer-for-sale (OFS) of ₹300 crore by existing investor shareholders.