Food Financial News

iD Fresh Food on Friday announced the appointment of industry veteran Rajat Diwaker as its India CEO. Rajat comes with two decades of experience in the FMCG industry. In his last role, he served as the Managing Director of Marico Bangladesh.

Ayodhya has proved that they can actually be mutually inclusive. The Ram temple is not just about religion, but business and economy too. Addressing a public meeting in Ayodhya recently, Prime Minister Narendra Modi said that the campaign for making India a developed country is getting a new speed from Ayodhya.

companies are unlikely to have much to cheer about in 2024 if early funding figures are anything to go by. Investments in startups in the first week of 2024 dropped by about 88% from the same period a year ago, totalling $35.8 million across eight deals. In volume terms, deals were down 86% from 59 a year earlier.

Mark Zuckerberg sold the shares of his company every day during November and December last year. He sold 1.28 million shares to collect $428 million. In the meantime, the price of Meta shares went up by 194%. According to Bloomberg, it was the first time that Zuckerberg sold stock since November 2021. Zuckerberg still owns about 13% of Meta shares and his fortune is estimated to be $125 billion. He is placed seventh on Bloomberg’s Billionaires Index. The stock sales of Meta boss are subject to the federal capital gains tax of approximately 24%, and an additional 13.3% state tax in California, where Zuckerberg maintains a $37 million estate.

Carrefour will stop selling PepsiCo products in it stores in France, Belgium, Spain and Italy over price increases for popular items like Lay's potato chips, Quaker Oats, Lipton tea and its namesake soda. The French grocery chain said it pulled PepsiCo products from shelves in France on Thursday and added small signs in stores that say, «We no longer sell this brand due to unacceptable price increases.» The ban also will extend to Belgium, Spain and Italy, but Carrefour, which has 12,225 stores in more than 30 countries, didn't say when it would take effect in those three countries.

BJP on Friday came down heavily on the Trinamool Congress over an incident of attack on Enforcement Directorate officials in West Bengal, saying the continuance of the party's government under Chief Minister Mamata Banerjee is a threat to national security. The ED officers were assaulted and their vehicles damaged allegedly by supporters of TMC leader Sheikh Sajahan when they tried to raid his residence in North 24 Parganas district this morning in connection with a probe into the ration distribution scam.

By Ankika Biswas

Alpha Sand is more than just a construction company; it is a part of their culture to uphold humanitarian ideals and give back to the community. Alpha Sand takes pride in its positive impact on society as a socially conscious business. During the pandemic, the company's social responsibility efforts included supplying food and grains to over fifteen villages to build its reputation within the community.

Supreme Court on Friday sought responses from the Uttar Pradesh government and others on two separate pleas challenging the notification prohibiting the manufacturing, storage, sale and distribution of food products with halal certification within the state, except for items produced for export. The November 18 last year notification was issued by the office of Commissioner, Food Safety and Drug Administration, Uttar Pradesh, under Section 30 (2) (a) of the Food Safety and Standards Act, 2006. The petitions came up for hearing before a bench of Justices B R Gavai and Sandeep Mehta which issued notice to the Uttar Pradesh government, Centre and others seeking their responses on the pleas.

‘Take refund, we don't care…,’ Passengers furious over Go First's conduct after flight cancellation “Since October, LocalCircles has witnessed a notable rise in grievances from air travellers, encompassing issues such as exorbitant fares, flight cancellations, delays, denied boarding, mishandled or lost luggage, significant increases in onboard food prices, undisclosed changes in boarding gates, and instances of staff displaying rude behaviour at check-in counters," the survey report stated. Also Read: DGCA reports flight problems, baggage, and refunds as top passenger complaints Furthermore, the report stressed the Airports Authority of India (AAI) anticipation of a continued surge in passenger numbers that projected an overall passenger growth of 371 million in the fiscal year 2023-24 and a further increase to 412 million in the subsequent fiscal year, 2024-25.

Cost of Living LIVE Updates January 05: 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.

Also Read: Q3 result preview: NBFCs likely to see healthy profit growth of 27% YoY amid moderating margins A delayed winter has shrunk demand for seasonal categories during the quarter, falling short of initial expectations across FMCG companies. In terms of categories, food and beverages is anticipated to outperform home and personal care, said Elara Securities.

2024 edition of CES is scheduled to take place in Las Vegas, Nevada, spanning across venues such as the Las Vegas Convention Center, the Venetian Expo, and the Aria Resort & Casino. The official dates for CES 2024 are from Tuesday, January 9, to Friday, January 12. Additionally, two in-person Media Days, exclusively accessible to press members, are slated for January 7 and 8.

Jubilant Foodworks Ltd. traded at Rs 555.95 on BSE at 12:28PM (IST) on Friday, down 0.94 per cent. The stock quoted a 52-week low price of Rs 412.2 and a high of Rs 586.35.

IRCTC share price: Shares of Indian Railway Catering and Tourism Corporation (IRCTC) have been on an uptrend after ushering in November 2023. IRCTC's share price bottomed out at ₹645 apiece levels at the end of October 2023. After that, it has been ascending continuously and hitting a new 52-week high regularly.

By Neil Jerome Morales and Mikhail Flores

Quebec restaurants say they are reeling over last-minute New Year’s Eve cancellations and no-shows.

₹1.97 trillion (over $26 billion) to enhance manufacturing capabilities. The 14 sectors enjoying the benefits of PLI schemes include telecommunication, white goods, textiles, medical devices manufacturing, automobiles, speciality steel, food products, high-efficiency solar PV modules, advanced chemistry cell batteries, drones, and pharma. Since then several other sectors have approached their respective ministries asking to be included under the PLI scheme.

Expressions are like food and versatile actor Vijay Sethupathi says he wants to have a taste of everything through the characters he plays. The versatile actor, who most recently featured in a negative role in Shah Rukh Khan-starrer 'Jawan', will next be seen as a lead in Sriram Raghavan's highly-anticipated 'Merry Christmas' where he stars opposite Katrina Kaif. Sethupathi said he has fun when he gets to play villainous characters whether it was in 'Jawan' or 'Vikram Vedha'.

genes linked to the immune system, brain function, and potentially COVID-19 risk in a new study. Researchers said that it was the long-term consumption of high-fat diets that were seen to cause the observed changes, and that readers should not panic about a single meal. The researchers at the University of California — Riverside (UCR), US, fed mice three different diets over the course of 24 weeks where at least 40 per cent of the calories came from fat.

West Bengal and promising «a corruption & thieves-free state», Leader of Opposition (LoP) Suvendu Adhikari on Thursday urged all to vote for Prime Minister Narendra Modi in the coming Lok Sabha polls. «Time has come for a change in West Bengal. We will have to oust the Trinamool Congress from Bengal. Their days are numbered.