Food Financial News

₹87 per capita in rural areas and ₹62 per head in urban zones. For the country as whole, it is ₹129,910 crore in current prices, with a large part of the total accounted for by a cereal subsidy, at ₹122,772 crore. Even this food subsidy figure is low compared to the reported expenditure on free foodgrain provision under the PMGKAY at more than ₹250,000 crore.

Investing.com-- Japan consumer price index (CPI) inflation rose as expected in February, rising well above the Bank of Japan’s annual target rate and giving more credence to the central bank’s recent policy shift. 

an investigation released Wednesday by the Chicago-based Corporate Accountability Lab, a human rights legal group, that found workers face “dangerous and abusive conditions." AP journalists obtained access to shrimp hatcheries, growing ponds, peeling sheds and warehouses, and interviewed workers, supervisors and union organizers. India became America’s leading shrimp supplier, accounting for about 40% of the shrimp consumed in the U.S., in part because media reports including an AP investigation exposed modern day slavery in the Thai seafood industry. AP’s 2015 reporting led to the freedom of some 2,000 enslaved fishermen and prompted calls for bans of Thai shrimp, which had been dominating the market.

Federal regulators said large grocery chains used their size and scale to keep shelves stocked during the pandemic, edging out smaller rivals when most stores struggled with product shortages and distribution bottlenecks. The Federal Trade Commission said in a report released Thursday on the impact of Covid-19 supply-chain disruptions that large retailers used their size to pressure suppliers of food and household goods, the agency said, including putting stricter delivery requirements into place and fining vendors that didn’t comply.

Olympic Village, said the organizers of the 2024 Paris Games plan to provide 300,000 condoms to 14,250 residents staying in their quarters. “We are aiming to have 300,000 condoms here at the disposal of the athletes in the village. It’s a quantity that makes sure that everybody will have what they’re expecting and what they need," Michaud told Sky News.

Biotech startup Loyal has raised $45 million in equity to help bring its first longevity drug for dogs to market. Bain Capital Ventures led the Series B financing, with participation by new backer Valor Equity Partners, as well as returning investors Khosla Ventures, First Round Capital and others. Bain Partner Kevin Zhang has joined Loyal’s board.

Chinese leader Xi Jinping plans to meet a group of U.S. business leaders next week after a government-sponsored forum as Beijing steps up efforts to woo American firms amid an exodus of foreign capital. The meeting with China’s top leader is set for Wednesday, and insurer Chubb’s CEO, Evan Greenberg, along with Stephen Orlins, president of the National Committee on U.S.-China Relations, and Craig Allen, president of the U.S.-China Business Council, are expected to attend, people familiar with the matter said.

Times of India (TOI), the techie had ordered a dosa from a nearby restaurant to her home in ACES Layout near Brookfield on March 17. When the delivery boy came, the person asked, out of courtesy, if he wanted some water. The delivery agent, who seemed to be in his 20s, said yes and he left after drinking it.

For Democrats trying to defend the White House and Senate majority, Democratic Sen. Bob Casey of Pennsylvania is emerging as the tip of the spear in trying to reframe the election-year narrative around inflation

Turkey’s central bank has raised its key interest rate by 5 percentage points, resuming a policy of rate hikes aimed at combating soaring inflation that is causing households severe economic pain

McDonald’s will become the title sponsor of the French soccer league from July for the next three seasons

banks have seen an erosion in their low cost deposits as customers chase higher yields, and infrastructure demand is accelerating with the segment witnessing strong loans growth, showed a survey of bankers. ``Customers’ search for higher rates and the ability to lock those interest rates for a longer time has led to a shift in favour of term deposits,’’ said the FICCI-IBA Survey of Bankers. ``Term deposits have picked up pace. Around 70% respondents have reported a decrease in the share of CASA deposits in total deposits.’’ Some sectors like infrastructure, iron & steel and food processing are witnessing growth in long term credit demands. Major infrastructure development plans have been in place by the Government to facilitate quick capital spending with a strong multiplier effect and this is likely to spur demand for infrastructure financing, said the report.

FICCI and banking association Indian Banks' Association (IBA) found. A nonperforming asset refers to loans or advances that are on the brink of default. According to the survey, a large majority (77 per cent) of the respondent banks reported a decrease in the NPA levels in the last six months.

The IPO is entirely a fresh equity issue of 30 lakh shares worth Rs 26 crore.

NEW DELHI : The Centre is considering a proposal from Nagaland to add foxtail millet to its state-level Price Stabilization Fund (PSF), in a move to bolster agricultural diversity and protect the indigenous crop. This initiative, a senior government official to Mint, aims to safeguard this staple yet endangered crop by ensuring its continued cultivation and economic viability. The PSF functions to build-up India's buffer stock of crucial food commodities, releasing them into the market strategically to control price spikes.

Jubilant Foodworks Ltd. gained 0.57 per cent to Rs 446.15 in Thursday's trade as of 01:29PM (IST). The stock hit a high price of Rs 448.4 and low of Rs 444.0 during the session. The return on equity (ROE) for the stock stood at 17.33 per cent. Traded volume on the counter stood at 01:29PM shares and turnover at Rs 1.56 crore around that time. The stock of Jubilant Foodworks Ltd. quoted a 52-week high price of Rs 586.35 and 52-week low prices of Rs 420.35, respectively.

Mint. The investment comes a month after venture capital firm Jungle Ventures made a $20-million follow-up investment in Walko Food, which houses ice-cream brands such as NIC and Grameen Kulfi. On Wednesday, global consumer giant Unilever said it had decided to spin off its ice cream business, which houses brands such as Magnum and Ben & Jerry’s, to cut costs.

Mint. The lackluster consumer sentiment was reflected in QSR companies’ December quarter (Q3FY24) results as well with most players reporting a sequential drop in sales growth, and some also posting negative year-on-year same-store sales growth, a key metric for retailers. This was despite Q3 being a festival-heavy quarter.

₹0.34 to around ₹8.5 currently. This implies a return of 2400 percent for its investors in this period. An investment of ₹10,000 in this stock in March 2022 would have turned into ₹2.5 lakh now.

Also Read: Gold rate today hits new peak of ₹66,778 after US Fed meeting. Should you buy in current gold price rally? The Federal Reserve is presently holding interest rates at their highest level in more than twenty years, with the aim of gradually restoring inflation to the targeted 2% rate over the long haul.

Dividend paying stocks: Shares of Castrol India Ltd, Ksolves India Ltd, and Patanjali Foods Ltd will be in focus when the stock market opens on March 21 (Thursday). The Board of Directors of the 3 companies have declared final dividend and interim dividend for their eligible shareholders. The record date by the 3 companies to ascertain the eligibility of shareholders for their respective issues has been fixed on March 21.