Food Financial News

A 'Mornings with Maria' panel discusses the U.S. economy and markets after the January year-over-year CPI comes in at 3.1%.

₹350 each, valuing the company at ₹80,000 crore." Previously, according to regulatory filings, US-based asset management company (AMC) Invesco has increased Swiggy's valuation by 19 per cent to $12.7 billion ahead of its anticipated IPO. Invesco had spearheaded a $700 million funding round for the food delivery startup in January 2022, valuing it at $10.7 billion. Also read: Swiggy gears up for IPO: Food aggregator converts to public limited company ahead of IPO, plans to raise $1 billion Following that, Baron Capital, an investor in the company, assessed Swiggy's fair value at $12.2 billion as of March 2024, thereby giving a significant lift to the startup gearing up for its IPO.

A measure of underlying US inflation topped forecasts for a third straight month in March, signaling persistent price pressures that will likely delay any Federal Reserve interest-rate cuts until later in the year.

Consumer inflation remained persistently high last month, boosted by gas, rents, auto insurance and other items, the government said Wednesday in a report that will likely give pause to the Federal Reserve as it weighs when and by how much to cut interest rates this year.

The Wall Street Journal chief economics correspondent Nick Timiraos says the central bank needs 'credible justification' for beginning rate cuts.

₹2 per litre last month, while prices of food, especially those of vegetables, are expected to moderate in line with seasonal trends. Additionally, core inflation, which excludes food, and fuel and light groups, is expected to continue its downward trajectory and may come in below the 4% mark for the fourth consecutive month.

Also Read | ‘Concerned officers should be suspended’: Supreme Court raps U'khand govt for no action against Patanjali Catalyst Service had outsourced the samosa supply to another firm, Manohar Enterprises. The police revealed that Firoz Shaikh and Vicky Shaikh, who were employees of Manohar Enterprises, had allegedly stuffed condoms, gutka, and stones into the samosas.

Chirag Negandhi, MD of JM Financial Limited. In an interview with Shilpy Sinha, he said that the market trajectory will increasingly hinge on the election manifestos, which will outline the broad policy direction for the upcoming term. On recent RBI action, the group is committed to regulatory compliance and is cooperating with the regulations, Negandhi said. Excerpts: Recently RBI has barred JM Financial from doing any financing against shares and debentures. How do you respond? I would like to reiterate that as a group we take all regulatory matters with utmost importance and are committed to cooperating with the regulators.

Hundreds of food service workers at the Wells Fargo Center in Philadelphia are staging a one-day strike as contract negotiations continue with the firm that operates concessions at the stadium

Internet service providers will be required to be more transparent about the cost and performance of their internet service packages, thanks to new FCC rules that take effect this week

European Union Court of Justice ruled on Wednesday to remove Russian billionaires Mikhail Fridman and Petr Aven from a list of individuals facing European Union sanctions after Russia's attack on Ukraine in 2022. «The General Court considers that none of the reasons set out in the initial acts is sufficiently substantiated and that the inclusion of Mr Aven and Mr Fridman on the lists at issue was therefore not justified,» the Luxembourg-based court said in a statement.

Ozempic, the popular weight loss drug made by Novo Nordisk. However, there isn’t a medical ingredient in the concoction, which consists of a half cup of rolled oats, one cup of water, juice from half of a lime and a dash of cinnamon.Certain TikTok users claim they’ve shed 40 pounds within two months thanks to the drink.

₹120 apiece of face value of ₹10 each. Grill Splendour Services IPO will commence subscription from Monday, April 15, and end on Thursday, April 18. Grill Splendour Services Ltd IPO lot size consists of 1,200 shares.

Biden said Prime Minister Benjamin Netanyahu's Gaza policy was a «mistake» and urged Israel to call for a ceasefire, in an interview aired Tuesday. Biden's comments were some of his strongest criticism yet of Netanyahu amid growing tensions over the civilian death toll from Israel's war on Hamas and dire conditions inside Gaza.

FSSAI asking websites and apps that sell food products to not represent premixes, malt-, dairy- and cereal-based drinks as health or energy drinks. A watchful regulator is essential, especially as people are increasingly making purchasing decisions with health impacts in mind. Producers are increasingly required to provide info — ingredients, nutrient details, calories consumed — on labels. That whole jumble of information in small print matters little if the seller or producer 'shelves' the product in a manner that implicitly makes an exaggerated or wrongful claim.

NEW DELHI : At a time when the government is trying to tame food inflation, a spike in prices of key winter (Rabi) crops such as gram, paddy and maize is expected to play spoilsport. Agriculture analysts expect these crops to be hit by depleting water reservoir levels, above-normal temperatures and diseases, especially in Karnataka, Andhra Pradesh, Telangana, and Tamil Nadu. However, prices of other rabi crops such as wheat and mustard are not expected to rise.

vote in the upcoming Lok Sabha election in Uttarakhand will be eligible for a 20% discount on their food bills at hotels and restaurants affiliated with the Uttarakhand Hotel Restaurant Association. The discount will be applicable from the evening of April 19 to April 20. This initiative comes as a result of a Memorandum of Understanding signed between the association and the Election Commission to boost voter turnout in the state. «After the polling concludes on April 19, individuals who visit our member hotels will receive a 20% discount on their food bills until April 20. We have decided to implement this to encourage voter participation. To avail the discount, voters simply need to show the Electoral ink mark on their finger,» stated Sandeep Sahni, President of the Uttarakhand Hotel Restaurant Association. According to Additional Chief Electoral Officer Vijay Kumar Jogdande, many organizations have come forward to help the effort of increasing voting percentage in the state. The Uttarakhand Hotel Restaurant Association has made this proposal and the Commission has agreed, he added.

In Denison, Iowa, a robot spends eight hours a day slicing apart hog carcasses at a plant owned by Smithfield Foods. It serves a dual purpose: producing more ribs for barbecues and smokers, while helping ease the U.S. meat industry’s long-running labor shortages.

Mint takes a look at how banks performed on the deposit front and why their CD ratio hit a nearly 20-year high. The pace of growth of bank credit surpassed deposit growth in FY24, as per data from the RBI. In FY24, while deposits grew 13.5% to ₹204.8 trillion, non-food credit grew 20.2% to ₹164.1 trillion as on 22 March.

BENGALURU : Waycool Foods and Products Pvt. Ltd has sought short-term relief on repayments to its debt lenders, marking a turn of fortunes for a company that was in the race to be India's first agritech unicorn. The move comes shortly after the company raised $30 million through convertible notes in an internal funding round, with most of its existing investors participating, two people familiar with the matter told Mint.

pulses importers, millers, stockists, traders, and processors to disclose their stocks of all pulses from April 15 to prevent hoarding as it suspects a large quantity of imported legumes are lying in customs warehouses. Consumer Affairs Secretary Nidhi Khare will meet pulses traders, representatives of various government departments such as customs and state government representatives in separate meetings to discuss measures for bringing imported pulses, which are lying in customs warehouses, to the market. ET had reported that the government is planning to make it mandatory for pulses traders and retailers to disclose stocks of yellow peas (matar), tur (pigeon peas) and urad as prices in some markets show an increasing trend in its April 5 edition.