Food Financial News

The Egyptian government has raised fuel prices in a move that is bound to exacerbate inflationary pressures on an already-struggling population

French President Emmanuel Macron says he “regrets” the Senate’s vote to reject legislation to ratify a trade deal between the European Union and Canada

Hundreds of students in Nigeria rushed to get food donated to their school by the government to help ease hardship, triggering a stampede that left two dead and 23 others injured

dream job’, mastering the art of whipping up this iconic snack was what helped Arun Joshi transition from the streets to gaining his place among the hallowed top earners of the country! Today, Arun Joshi owns not one, but two sprawling houses at the heart of the City Of Dreams, and one of his sons is settled in the US. In an interview with the Humans Of Bombay, Joshi recounted his journey from working in panipuri stalls for a living wage of Rs 5, to building a flourishing street-food business that catered to illustrious clients such as music icon RD Burman.

Change in trade route: Container ships routing through the Suez Canal are shunning and rerouting around the Cape of Good Hope. By the first half of February 2024, container tonnage crossing the Canal fell by 82 per cent, and vessel tonnage passing through the Cape of Good Hope increased by 60 per cent. • Increase in the distance and operational shift due to rerouting of ships: The extra miles travelled and days lost due to trade diversion has translated into additional costs such as fuel costs and lost value of time-sensitive cargo.

Orion India, the India arm of South Korea’s confectionery maker Orion Holdings, is doubling down on its local portfolio of snacking products which include Choco Pie dessert snack and Turtle chips, the company’s managing director Saurabh Saith said. The company, which entered India five years back, is expanding capacity at its existing manufacturing plant in Rajasthan, and adding new snacking products to respond to demand surge, Saith said. The snacks maker has signed actor Palak Tiwari to endorse its Turtle Chips franchise in India. The rising popularity of Korean foods has led to large brands extending their portfolio to Korean brands, including Nestle which extended Maggi to Korean BBQ noodles in recent months and ITC which expanded its portfolio of Bingo chips to include Korean variants last week.

HR manager under sections of Information Technology Act and the Indian Penal Code," reported the Times of India (TOI). According to the TOI report, the woman works as house help and lives with her younger brother and grandmother. She was the nominee of her father's PF account as her parents were divorced and would receive the PF amount after she turned 18.

NEW DELHI : The Indian Premier League (IPL) is revving up for the opening weekend of its latest edition, with the hospitality sector raring to capitalize on surging demand on the back of a likely heady mix of Twenty20 cricket and festivities. Hotels and restaurants are rolling out targeted deals, anticipating a significant uptick in bookings. The industry expects the opening weekend will hold a distinct value because of the long weekend, with Holi falling on Monday.

NEW DELHI : Robust investment activity and strong private consumption demand will drive the Indian economy in FY25 amid sluggish global growth, the finance ministry on Friday said in its economic review for February. However, challenges such as the impact of the ongoing crisis in the Red Sea and rising crude oil prices loom over the outlook. "Sustained increases in shipping costs due to disruption can drive up inflation.

₹678, indicating an upside potential of 40 percent from its current market price of ₹484.20. "Hindustan Foods Limited (HFL), the largest consumer contract manufacturer in India, has built durable moats by scaling up its manufacturing base, building strong clientele, constructing the widest array of product portfolio and creating operational efficiencies. Over the last four years (FY19-23), HFL has scaled up its sales and EBITDA five-fold, while profitability six-fold.

BRUSSELS—In a big shift, the European Union is planning to impose tariffs on Russian grain, part of an effort to curb Moscow’s export revenue and appease European farmers who are angry about imports of cheaper agricultural products. The plan—the bloc’s first push to restrict food products from Russia during the war—comes amid protests over Ukrainian agricultural imports by farmers who have at times set up blockades at border crossings.

Radiowalla Network, one of the leading providers of B2B customer engagement services, announced the launch of its IPO on March 27. As of the filing of RHP, Kacholi The company is aiming to raise Rs 14.25 via this IPO, which closes on April 2. The issue size is of 18.75 lakh shares at face value of Rs 10 each.

domestic household savings in order to finance private sector's capital formation in the economy, the Finance Ministry said in the February edition of its Monthly Economic Review. «The narrowing merchandise trade deficit and rising net services receipts are expected to result in an improvement in the current account balance in the ongoing financial year,» the report said. However, the current account deficit will bear watching in FY25, it cautioned. The ministry has a positive outlook when it comes to retail inflation in the country.

The volume of goods bought by shoppers last month flatlined at 0%, ahead of market predictions of a 0.4% fall. This unchanged volume follows a 3.6% increase in January. The ONS attributed the flat sales to a rise in clothing sales being offset by drops in food and fuel sales, as well as wet weather. Sales volumes were 1.3% below their pre-pandemic level in February 2020 and the amount spent by consumers fell marginally by 0.1%. UK retail sales jump by highest level since spring 2021 Neil Birrell, CIO at Premier Miton, said UK consumers remain upbeat about personal finances, even wi...

Jubilant Foodworks Ltd. traded at Rs 451.35 on BSE at 12:53PM (IST) on Friday, up 0.18 per cent from previous close. The stock quoted a 52-week low price of Rs 420.35 and a high of Rs 586.35.

HANOI (Reuters) — U.S. food and drink maker PepsiCo (NASDAQ:PEP) Inc has committed to investing an additional $400 million in Vietnam to build two new plants powered by renewable energy in the country, its government said on Friday.

Avenue Supermarts, the DMart retail chain operator, with a ‘Buy’ rating and a target price of ₹5,107 per share, implying an upside of over 22% from Thursday’s closing price. According to CLSA, DMart is rapidly scaling its private-label offerings, which could drive the next leg of share gains.

Zomato CEO Deepinder Goyal has tied the knot with model Grecia Munoz, people familiar with the matter told HT.com. Goyal, founder of the food delivery platform, and the Mexican-born Munoz returned from their honeymoon in February, one of the persons cited above said, asking not to be named. Munoz says she is “now at home in India", according to her Instagram bio.

Notting Hill? In one of the film’s iconic sequences, Grant asks what exactly fruitarians are. He’s told: “We believe that fruits and vegetables have feelings, so we think cooking is cruel. We only eat things that have already fallen off a tree or bush—that are, in fact, dead already." Grant, who plays William, a bookstore owner, asks about carrots on the table.

The International Monetary Fund says the economic situation in debt-stricken Sri Lanka is improving gradually from the country's worst economic crisis two years ago

Food packaging usually has either a green or red marker to identify its contents as vegetarian or otherwise. This helps those who are sensitive about what they eat ensure they don’t end up consuming anything taboo by accident. So, a vegetarian person can instantly identify a box that may have non-veg food even without opening it.