Food Financial News

Zomato on Sunday said it has received a tax demand, interest, along with penalty, to the tune of Rs 23.26 crore from the Assistant Commissioner of Commercial Taxes (Audit), Karnataka. The online food delivery platform said it will appeal against the order before the appropriate authority. In a regulatory filing to the BSE, the company said it has «received an order for FY 2018-19 pursuant to the audit of GST returns and accounts by the Assistant Commissioner of Commercial Taxes (Audit), Karnataka, raising demand of GST of Rs 11,27,23,564, along with applicable interest and penalty totaling to Rs 23,26,64,271.

RBI may again keep the key interest rate unchanged in April as it is likely to focus more on bringing down inflation to the 4 per cent target after concerns over economic growth abated with GDP growth estimated at nearly 8 per cent, said experts. Also, the Reserve Bank's rate-setting panel — Monetary Policy Committee (MPC) — may take cues from the central banks of some major economies like the US and UK, which are apparently in wait-and-watch mode on interest rate cuts. Switzerland has become the first major economy to cut interest rates, while Japan, the world's third-largest economy, ended its eight-year period of negative interest rates regime. The meeting of the Reserve Bank Governor Shaktikanta Das headed MPC is scheduled for April 3-5. The decision will be announced on April 5 (Friday). It will be the first bi-monthly monetary policy of fiscal 2024-25. A total of six MPC meetings are scheduled for the fiscal beginning April 1, 2024.

NDTV. The girl identified as Manvi who was a resident of Patiala had ordered the cake online from a bakery nearby on March 24. The Patiala family marked their daughter's birthday celebrations by ordering a birthday cake online.

MUMBAI : The Indian economy is expected to grow at 8% or above in the last quarter of the current financial year, leading to an equivalent growth for the whole of fiscal year 2024 (FY24), finance minister Nirmala Sitharaman said on Saturday. “Hopefully the fourth quarter (of FY24) which ends tomorrow will also have it in the range 8% or above 8%, resulting in 2023-24 having an average GDP growth of 8% or over 8% is what my expectation is," Sitharaman said in her keynote address at the Mint India Investment Summit 2024 here.

A tropical cyclone that swept across Madagascar has killed 18 people and left four missing after making landfall on the island's north earlier this week

In the week since a line of Japanese health supplements began being recalled, five people have died and more than 100 people are hospitalized

Don't count on a favorite store being open on Easter Sunday

The Gokyo Lakes Trek, Khumbu Valley, Nepal: Compared to the hardships of trekking in most areas of the Himalaya, a trek in the Everest region can be an epicurean delight. As one of the most popular trekking destinations in the world (as well as one of the oldest in the Himalaya), the Khumbu Valley of the Sherpa people in Nepal attracts Himalaya fans from the world over. As a result, trekking in the region means staying at lovely teahouses every night and eating the kind of food that would put most dal-chawal-Maggi trekking menus to shame (think pizza, or roast chicken, or Thai food, even beer!).

Saina Nehwal on Saturday lashed out at Shamanur Shivashankarappa, veteran Congress leader from the state, for making "sexist jibe" at Gayatri Siddeshwara, a BJP candidate from the Davangere constituency. Shivashankarappa, a 92-year-old sitting MLA from Davangere South, had said that Gayatri, wife of former Union Minister and incumbent MP Siddeshwara GM, «belonged to the kitchen». Taking exception to his remark, Nehwal posted on her X account: «Women should be restricted to the kitchen — this is what a top Karnataka leader Shamanur Shivashankarappa ji has said. The sexist jibe at @bjp4india candidate from Davanagere, Gayatri Siddeshwara ji is least expected from a party that says Ladki Hoon Lad Sakti Hoon.» The 34-year-old Nehwal, who had won the bronze medal during the 2012 London Olympics, said such misogynistic remarks were upsetting when women in the country are aspiring to leave their mark in every field.

>>Kung Fu Panda 4: Four valuable money lessons from Po's journey to becoming the Dragon Warrior Kareena Kapoor lights up each time she sees branded goods. And when she’s swimming in money (they smuggle gold, remember?), she invests in a Louis Vuitton handbag and gets her grandfather’s ring back from the pawn shop. Kriti Sanon uses her money to pay EMI on a home loan and buys a car for her parents.

Congress on Saturday named K V Gowtham as its Kolar Lok Sabha candidate, ending imbrolgio within the party over the issue. Gowtham is the Bengaluru Central district Congress committee president. Hailing from Kolar, Gowtham is the son of former Bengaluru Mayor K V Vijay Kumar. Gowtham's candidature was in the offing ever since the discontent started brewing in the Kolar unit with five Congress legislators from the district and Karnataka Minister for Food and Civil Supplies K H Muniyappa threatening to resign over the issue. While Muniyappa wanted his son-in-law Chikka Peddanna to be fielded from Kolar and lobbied hard for him, the five legislators including minister M C Sudhakar threatened to resign enmasse if Peddanna was given a ticket. One more legislator said he will wait for the outcome before taking the 'final call'.

Jerome Powell repeated that the US central bank isn't in any rush to cut interest rates. «We don't need to be in a hurry to cut,» Powell said Friday at an event at the San Francisco Fed. Fresh inflation data released earlier is «pretty much in line with our expectations,» he said. But Powell reiterated it won't be appropriate to lower rates until officials are confident inflation is on track toward their 2% goal.

Since this is a very celebrated occasion, many services remain closed during Easter including grocery chains, retail stores, commercial goods supply, and more. However, there are many restaurants, eateries, fast food joints, and leading outlets that will remain operational during this festive occasion.

MUMBAI : Actor and entrepreneur Shilpa Shetty Kundra may have spent over three decades in the film industry but has made most of her money in the past six years through strategic investments, including in startups, she said at the Mint India Investment Summit & Awards, 2024 on Friday. “Back in the day, we didn’t have different investment avenues. Today, the options are so many more.

annual rate of 2.5 per cent in February, up 0.1 percentage points from a month earlier. The personal consumption expenditures (PCE) price index data released on Friday "is what we were expecting," Powell said, and even though the numbers showed less of a slowdown than last year, "you won't see us overreacting." The data last month were "not as low as most of the good readings we got in the second half of last year, but it's definitely more along the lines of what we want to see," Powell said during an appearance at the San Francisco Fed where he was interviewed by Kai Ryssdal of public radio's "Marketplace" program.

Also Read: Fed need not be in hurry to cut rates, inflation data within expectations: Jerome Powell In the 12 months through February, PCE inflation --which strips out the volatile food and energy components, advanced 2.5 per cent after increasing 2.4 per cent in January. The data for January was revised higher to show the PCE price index climbing 0.4 per cent instead of 0.3 per cent as previously reported. Goods prices rose 0.5 per cent last month, boosted by a 3.4 per cent jump in the cost of gasoline and other energy products.

Committee for a Responsible Federal Budget President Maya MacGuineas explains the 'three basic ways' Biden could reduce national debt.

funding value of about $622.5 million in March 2024, down 37% from the same month a year ago. Startups across stages, mostly early and late, raised the funds across 63 rounds. In March last year, they had raised a total of $990 million across 133 rounds, as per Tracxn data. The funding winter was in full force by then, having begun from September 2022.

Tihar prison authorities on a plea by BRS leader K Kavitha alleging that despite court orders, she was not provided access to certain items, including home-cooked food and mattress, in jail. Earlier on Tuesday, Kavitha had moved a plea seeking access to some items because of her medical condition. Special Judge Kaveri Baweja had then passed an order directing the concerned superintendent of Tihar Jail to permit Kavitha to have home-cooked food, mattress, slippers, clothes, bed- sheet, books, blanket, pen, paper, jewellery and medicines «in accordance with rules». Kavitha, however, filed a fresh plea on Thursday, saying the court order allowing her access to these items was not followed.

Bambrew, a cleantech startup operating in the sustainable packaging space, on Friday said it has raised Rs 60 crore (about $7 million) in Series A funding round led by Blume Ventures. The funding was a mix of equity and debt. The equity element totalled to about Rs 30 crore, a company spokesperson told ET.

The bulk of Earth’s water, about 97%, is in salty oceans and thus useless for drinking or growing food. Of the 3% that is fresh, most is locked in ice sheets and glaciers, many of which are melting rapidly into the oceans thanks to climate change. A relative few drops of fresh water are available in ponds, lakes and rivers, which are easily accessible but also vulnerable to pollution, overuse and drought. Humanity’s biggest source of fresh water — representing just 0.8% of Earth’s total water — is in underground aquifers. Decades of drought, pollution and overuse are shrinking even that precious supply, and rising sea levels threaten to spoil even more of it with saltwater incursions. A recent survey of groundwater levels at hundreds of wells worldwide found that 71% have fallen since the start of the 21st century. Groundwater loss worsened at more than half of the studied wells during that time.