Food Financial News

Amid a cost-of-living crisis, Ikea Canada says it has lowered its prices for hundreds of items this past month as part of the company’s continuing push to make home furnishing more affordable.

Shoppers are still searching for more affordable options at the grocery store even as food inflation eases, according to Metro Inc.

Grocery price inflation may finally be slowing across Canada, but as some food costs remain high, a new report has found many are open to consuming “risky foods” despite the potential health risks.

₹3,750 crore ($450 million) in fresh capital, as well as an offer-for-sale (OFS) component worth up to ₹6,664 crore ($800 million), said ET in its report. “...the consent and approval of the shareholders of the company be and is hereby according to create, issue, offer, allot and/or transfer of its equity shares up to an aggregate of ₹37,501 million by way of a fresh issue of equity shares and an offer for sale of such number of equity shares up to an aggregate amount of ₹66,640 million by certain existing shareholders…," the filing read, according to ET news report.

Jubilant Foodworks Ltd. fell 0.31 per cent to Rs 438.8 in Thursday's session as of 12:07PM (IST) even as the equity benchmark Sensex traded 3.45 points higher at 73856.39. 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 27847 shares changed hands on the counter till 12:07PM (IST).

Also Read: Nestlé Controversies: From sugar in baby food to Maggi ban, we look at top 8 concerns in India and abroad Nestle India is expected to report revenue growth of 6.6% at ₹5,150 crore in the January - March 2024 quarter as compared with ₹4,830 crore in the same period last year, as per average estimates of 5 brokerages. Volume growth for the quarter is expected to be 4% YoY. The company’s net profit for the quarter is estimated to rise 16.5% to ₹858 crore from ₹736.6 crore, YoY.

Delhi liquor policy. While the AAP has time and again alleged that a controversy was being hatched to “kill Arvind Kejriwal", the recent claims sprout after a alleged scuffle between two groups in Tihar jail.

ethanol to be used in the next cycle, the official added. This decision underscores the government's comfort with the current level of sugar production relative to domestic consumption needs, said the official who did not want to be identified. The directive comes at a crucial time as it aligns with the end of the sugarcane crushing season and supports India's ambitious ethanol-blending targets—E15 by 2023-24 and E20 by 2025-26.

₹2,218.00 apiece on the BSE after muted Q4 results. FMCG major Hindustan Unilever (HUL) reported a standalone net profit of ₹2,406 crore in Q4FY24, registering a decline of 6% from ₹2,552 crore in the same period last year. The company’s revenue from operations rose marginally to ₹14,693 crore from 14,638 crore, YoY, with 2% volume growth.

climate change is only making it worse. Now, a newly developed quantitative approach may help raise its prominence as an environmental, social and governance issue. The AI-driven tool, known as the Child Labor Index, scores companies in three areas: disclosure levels, public perception and the commodity-level exposure of the supply chain to child labor. Fund managers can use the scores to pinpoint high-risk companies and identify others that need to confront the issue. Among investors, “the level of awareness of child labor is incredibly low,” said Eleanor Harry, chief executive and founder of HACE, the UK-based startup that developed the index. “This will help them monitor risk in their portfolio.”

investors were right to back him as an agent of change, Modi’s Bharatiya Janata Party peppered its 2014 poll manifesto with 22 references to “reform.” Ten years later, very little remains of that zeal. The BJP’s 2024 manifesto still promises to “reform, perform, transform.” But the few specifics it offers on the economy are modest — such as automatic approvals for standard housing designs. Gone are the days when Modi pledged to change everything from inefficient markets in labor and farm produce to entire sectors like banking. And yet, the appetite for a third term for the Indian leader is very high in the global financial industry. “Modi has done an unbelievable job in India,” JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said Tuesday at the Economic Club of New York. Both Goldman and JPMorgan are predicting a deluge of overseas capital after general elections are over on June 4. (The BJP is favorite to win the contest.)

The way a meal looks has been important to the dining experience since forever

Relentlessly rising auto insurance rates are squeezing car owners and stoking inflation

Subtlety's stock has been down for a while. It has tanked especially during this election time. Nothing showcases this slide as unsubtly as people wearing their beliefs on their sleeve.

Belgian man was acquitted of a drunk-driving charge on Monday after court officials learned he suffers from a very rare metabolic condition that causes his body to turn certain foods into alcohol.The 40-year-old man, who has not been named publicly, has a condition called auto-brewery syndrome (ABS). He was examined by three separate doctors who told the court the man does indeed suffer from ABS, Reuters reported.Due to his condition, the man’s body creates ethanol, which is intoxicating, after ingesting sugary and starchy foods.

Royal Canin, the French pet food maker, on Wednesday said it has opened Asia's second-largest fully operational packaging plant in Bhiwandi, Maharashtra with an investment of ₹100 crore. The new packaging center, which is Royal Canin’s first facility in India, will have automatic packing machines and associated utilities installed for conversion of bulk products into retail packs catering to Indian pet owners requirements. The company didn't rule out the possibility of exports from the facility in future. «India is a place where the pet food category is emerging, we believe it is going to continue to grow. The plant will help us localise and have a more flexible approach towards the market,» Cecile Coutens, global president of Royal Canin told ET.

₹2,406 crore from ₹2,552 crore last year same period. The earnings of the FMCG company are below the market expectations. Analysts forecasted a profit of ₹2,435 crore on revenue totaling ₹14,913 crore.

Mrs. Bectors Food Specialities Ltd.(up 5.80%), Godrej Consumer Products Ltd.(up 2.93%), Vadilal Industries Ltd.(up 2.44%), Colgate-Palmolive(India)Ltd.(up 2.15%), Nakoda Group Of Industries Ltd.(up 1.96%), Heritage Foods Ltd.(up 1.70%), Emami Ltd.(up 1.43%), Patanjali Foods Ltd.(up 1.43%), Tasty Bite Eatables Ltd.(up 1.41%) and Prataap Snacks Ltd.(up 1.24%) stood among the top gainers.

Inflation, although not the only factor influencing voter behaviour, has historically triggered considerable concern ahead of elections—whether it was the skyrocketing onion prices before the 1998 polls or the double-digit inflation prior to 2014. The recent price pinch has forced the current government, too, to announce measures such as the reduction in petrol and diesel prices. “If you see the nature of inflation shocks in India, they tend to be more on the supply side, which is food and fuel, and the levers to contain those happen to be in the hands of the governments," said Renu Kohli, senior fellow at Centre for Social and Economic Progress (CSEP).

ET Wealth Online explains how to use multiple credit cards.

U.S. health officials say samples of pasteurized milk have tested positive for remnants of the bird flu virus that has infected dairy cows