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bank earnings offset cooler-than-expected inflation news that buoyed hopes for interest-rate cuts from the Federal Reserve. On Friday, data showed U.S. producer prices unexpectedly fell in December as the cost of goods such as food and diesel fuel declined, while prices for services were unchanged for a third consecutive month, in contrast to Thursday's hotter-than-expected consumer inflation reading. Expectations for a rate cut of at least 25 basis points by the Fed in March moved up to 79.5%, according to CME's FedWatch Tool, from 73.2% in the prior session.

₹5,100 crore for 100% stake in Capital Foods. While 75% of the equity shareholding will be acquired upfront, the remaining 25% will be acquired within the next three years, TCPL said in a filing to the exchanges on Friday evening. For a 100% stake in Organic India, TCPL will pay ₹1,900 crore, along with an additional earnout for the shareholders linked to FY26 audited financials of the company.

₹5,100 crore, will be an all-cash deal. "The Board of Directors approved the acquisition of 100 percent of the issued equity share capital of Capital Foods Private Limited. The Company, thereafter, has entered into Share Purchase Agreement (SPA) and Shareholders’ Agreement (SHA) with the existing promoters and shareholders of the target company to acquire the entire issued equity share capital in a phased manner," said Tata Consumer in an exchange filing.

Several types of cereals and granola bars by the popular brand Quaker are being recalled across Canada due to potential salmonella contamination.

By Lucia Mutikani

₹568 billion which is equivalent to over 10 months of import cover. At present inflation stands at 5 per cent which is albeit high as per the reserve Bank of India's target range, but much lower than what it used to be a decade back, it added.

As we all know, the Canadian grocery business is a giant national price-gouging cabal of oligopolistic profiteers that rips off consumers and drives food inflation to levels that are causing great pain throughout the economy.

PLI) schemes for all the 14 sectors, an official said. The meeting assumes significance as the government has disbursed Rs 2,900 crore till March 2023 under the scheme.

Facebook founder Mark Zuckerberg has claimed that he will produce the best quality beef in the world and he has hooked the cows to beer to achieve this target. The Meta boss believes the alcoholic animals are primed for the slaughterhouse with a few tipples in their system. He has claimed to get some exceptional quality beef cuts by stuffing the cows full of beer and macadamia nuts. Zuckerberg appears to have his Hawaiin ranch stuffed full of cattle who are feasting on a «macadamia meal and drinking beer that we grow and produce here on the ranch.»

Former Reagan economist Art Laffer discusses inflation, recession concerns and the impact of the election on the economy.

retail inflation surged 5.69 per cent in December on an annual basis as against 5.55 per cent in November, data released by the Ministry of Statistics & Programme Implementation showed on Friday. The number has remained within the Reserve Bank of India's (RBI) tolerance band of 2-6 per cent. In the December policy meeting, the Reserve Bank of India (RBI) left the inflation aim unchanged at 5.4 per cent. In the August policy, the RBI MPC had raised its FY24 inflation forecast to 5.4 per cent from 5.1 per cent. «There has been broad based easing in core inflation, which is indicative of successful disinflation through monetary policy actions.

premium goods will outperform broad-based competitors as the country’s affluent class is expected to nearly double to 100 million people within three years, according to Goldman Sachs Group Inc. Strong economic growth, stable monetary policy and high credit growth has increased the purchasing power of top earning Indians over the past decade. This has resulted in the number of affluent Indians earning above $10,000 per annum from 24 million consumers in 2015 to 60 million, or 4.1% of the population currently, according to a Goldman report published on Friday. The world’s fifth-largest economy is tipped to become the third-biggest by 2027, according to the International Monetary Fund, with the country seeing rising spending power among its middle-class, benefiting firms with premium brands in leisure, jewelry, out-of-home food and healthcare, according to Goldman. “There has been a significant increase in the value of financial and physical assets in India in the past three years which is driving an increasing wealth,” according to the report.

Zomato, Tata Steel, Tata Power, Axis Bank, and GAIL India were the top five largecap stocks shopped by mutual funds. MF holding in Zomato increased by a sharp 71 million shares month-on-month (MoM) in December, according to a report by PhillipCapital. Shares of the online food delivery aggregator have rallied nearly 19% since December. In 2023, the stock witnessed its longest-ever winning streak since listing, and this one-way run turned it into a multibagger. Tata Power and Tata Steel also saw significant buying by mutual funds. In Tata Steel, their ownership increased by nearly 33 million shares MoM, and in Tata Power, it went up by nearly 25 million shares. In the last one month, shares of Tata Steel have gained over 17%, while those of Tata Power surged nearly 24%. Gail India was another largecap stock heavily bought by mutual funds in December. The public sector natural gas transmission major has given handsome returns of over 28% to investors since December. Three largecap banking stocks also saw an increase in the ownership by MFs. Axis Bank, ICICI Bank, and State Bank of India were among the top 10 largecap stocks bought by them in December. Besides, ITC, Samvardhana Motherson, and Mankind Pharma were also bought by MFs last month.

Varun Beverages Ltd. dropped 1.01 per cent to Rs 1264.85 at 02:01PM (IST) in Friday's trade. The stock has hit a high of Rs 1274.0 and low of Rs 1258.95 so far during the session.

Emkay Global Financial Services expects December CPI to come at 5.88 per cent while core inflation, which excludes volatile items like food and fuel prices, may ease to 3.9 per cent. Sujan Hajra, Chief Economist at Anand Rathi Shares & Stock Brokers expects CPI inflation to notch up to 5.72 per cent in December 2023. Global financial firm Barclays estimates that CPI inflation rose modestly in December to 5.6 per cent year-on-year (YoY), driven higher mostly by unfavourable base effects.

Tamil Nadu BJP chief Annamalai booked for promoting religious enmity "We raised the objections about two major scenes. One involves the portrayal of Bhagwan Ram, depicting him, Sita, and Lakshma consuming non-vegetarian food.

Cost of Living LIVE Updates January 12: The cost of living is the amount of money one needs to survive in a given place – and one's most essential needs such as food, water, housing, taxes, cost of commute, healthcare, etc. The high rate of inflation has pushed up the cost of living across the globe, burning a hole in the common man's pocket.

₹45,000-crore investment to develop river cruise tourism, aiming to leverage India's inland waterways for economic growth. The government is considering an allocation of ₹2.2 trillion for food subsidy in the upcoming budget, which would be a 10% increase from the previous year, Mint reported. The allocation would align with the government's focus on ensuring food security and keeping food inflation in check.

Calicut-Mumbai flight slammed the airline on the internet for serving her non-vegetarian food, despite ordering a vegeterian meal. In a post on X (formerly Twitter), Veera Jain posted pictures of the food along with her PNR number and other details. “On my @airindia flight AI582, I was served a veg meal with chicken pieces in it! I boarded the flight from Calicut airport.

Argentina's statistics agency says the country has registered a monthly inflation rate of 25.5% in December and closed 2023 with an annual inflation of 211.4%

The best CES products pierce through the haze of marketing hype at the Las Vegas gadget show to reveal innovations that could improve lives