Food Financial News

Subscribe to enjoy similar stories. This fall, the TGI Fridays chief financial officer, operations chief, general counsel and head of procurement quit. “We can no longer, in good faith, continue to be employed by the company and risk our own personal liability for the company’s further operations and obligations," the four executives wrote in a letter to the board, a copy of which was viewed by The Wall Street Journal.

Zomato’s 2024 year-end report highlights India's food delivery and dining trends, providing intriguing insights into the nation’s culinary preferences. From biryani’s unwavering popularity to record-breaking restaurant bills and impressive savings, the data paints a vivid picture of Indian food culture.

Shoppers flocked to malls on Thursday to take advantage of Boxing Day deals made more enticing by the federal government’s GST holiday, but some say the lower prices aren’t enough to keep up with the country’s cost of living.

«Size of the opportunity is very good. In retail, and this be true for any form of retail, you got to get your unit economics right. And if you get your unit economics right, that is to say per unit order or per unit quick commerce transaction, more than cost of capital, then the sky is the limit for you and I think Zomato has the first mover advantage, they have got the unit economics right, they have broken even, they are making contribution margin which are positive and now it is only about expansion into tier I, getting economies of scale,» says Manish Sonthalia, Emkay Investment Managers. And while we are talking about the entire consumer space, one name that I am seeing in a portfolio of yours as a top holding is Zomato. Not really surprised to see Zomato, but also not expecting to not see Swiggy make it to this list. What is making Zomato much more attractive than Swiggy because Swiggy has also been innovating if not at a higher pace, then largely at the same pace that which Zomato has. They have also had a couple of recent rollouts. The stock seems to be doing well over the last one month and ever since it is listing we have very bullish brokerage notes coming in for Swiggy as well. What is making Zomato more attractive than Swiggy to hold in your portfolio right now? Manish Sonthalia: So, not specifically commenting on Swiggy because regulation prohibit us from commenting about stocks that are not a part of our portfolio, but I would look at the entire space like this, that the TAM, the size of the opportunity is humongous.

golgappas, kathi rolls, and momos remains the highlight of an outing. However, the food vendors have often been criticised for having dubious hygiene. A recent video poking fun at India’s ubiquitous street food vendors has reopened the taste vs. hygiene debate on X.

Seed funding in India saw a 25% dip in calendar 2024 as investors exercised caution. In overall funding, however, startups secured $11.3 billion in funding, marking a 6% increase compared to calendar 2023, said Tracxn's annual India Tech Funding report.

Adani Enterprises, Jubilant Food, IndusInd Bank, Aarti Pharma, Gujarat Fluorochemicals among others will be in focus due to various news developments. Adani Enterprises Adani Enterprises shares are expected to be in focus today following a 26% stake purchase in Gidhmuri Paturia Collieries (GPCPL) from Sainik Mining and Allied Services.

The Food and Drug Administration is proposing a rule that cosmetic companies would have to take extra steps to ensure that any products containing talc are free of asbestos

Subscribe to enjoy similar stories. After a year of fluctuating demand, particularly in urban markets, packaged consumer goods companies are cautious about business in the upcoming fiscal year. Although companies see demand rebounding only from the first half of fiscal 2025-26, they have their hopes pinned on a growing consumer craving for premium products.

Subscribe to enjoy similar stories. Mumbai: The Sanskrit language has a fascinating lexicon. It may not match up to English in the size of vocabulary but more than makes up for it by morphing the same word into different context-dependent meanings.

Subscribe to enjoy similar stories. To say speciality coffee is having a moment would be stating the obvious. India’s coffee farmers, café owners and conscious consumers are more discerning than they’ve ever been.

Prataap Snacks Ltd.(up 3.99%), Umang Dairies Ltd.(up 2.95%), JHS Svendgaard Laboratories Ltd.(up 2.57%), Sheetal Cool Products Ltd.(up 2.20%), Hatsun Agro Products Ltd.(up 0.98%), Adani Wilmar Ltd.(up 0.71%), Britannia Industries Ltd.(up 0.37%), Nakoda Group Of Industries Ltd.(up 0.30%), Mrs. Bectors Food Specialities Ltd.(up 0.25%) and Procter & Gamble Hygiene & Healthcare Ltd.(up 0.15%) stood among the top gainers.

Subscribe to enjoy similar stories. As we approach the new year, preparation of the annual budget is proceeding in earnest. Apart from the annual balancing of expenditure, revenues and the deficit, the next budget will hopefully address some medium-to-long term priorities, as there is no other policy document that can address these concerns in the post-Five Year Plan era.

Ekadashi is an important fasting day in the Hindu tradition and is dedicated to Lord Vishnu. Also called as Pausha Ekadashi or Posh Mas, is an auspicious day for spiritual growth, seeking forgiveness, and purifying oneself. Saphala Ekadashi falls on the 11th day Ekadashi of the Krishna Paksha in the Hindu month of Pausha, which is going to be observed on December 26, 204.

Harjinder Singh Dhami on Wednesday served 'punishment' at Sri Harmandir Sahib for using «derogatory» remarks against ex-SGPC chief Bibi Jagir Kaur. Dhami appeared before the Sikh clergy headed by Jathedar Akal Takht Gyani Raghbir Singh, which on awarding religious punishment to him, told him to clean shoes of devotees in the 'jodha ghar' (footwear deposit area) and to clean utensils in the community kitchen besides serving food to devotees and to recite Japji Sahib (Sikh religious scripture) for five times for atonement.

obstructive sleep apnea (OSA), the US Food and Drug Administration (FDA) has granted approval for Zepbound (Tirzepatide), a drug typically used to manage type 2 diabetes and aid in weight loss, to be used in the treatment of OSA in adults with obesity. This marks the first time an anti-diabetic medication has been approved for managing this serious sleep disorder.

Subscribe to enjoy similar stories. Gordon Ramsay, 58, is a British Michelin-star restaurateur, celebrity chef and author. He is the host of Fox’s “Kitchen Nightmares: Road to Super Bowl LIX," premiering Jan. 7, and season 4 of “Next Level Chef," starting Feb. 13. Houses meant little to me growing up in Scotland and England.

AI-enabled helpline and tools to detect deceptive marketing practices, while major ecommerce players pledged to enhance online shopping safety. Leading platforms, including Reliance Retail, Tata Sons and Zomato adopted a safety pledge as the government rolled out new consumer protection measures like AI-enabled National Consumer Helpline (NCH), e-maap portal and Jago Grahak Jago mobile application.

Subscribe to enjoy similar stories. Mumbai: Two newly appointed Monetary Policy Committee (MPC) members have rekindled the discussion started by the Economic Survey on excluding food inflation from the monetary policy framework. Of the three external members of the rate-setting panel of the Reserve Bank of India, Nagesh Kumar and Ram Singh have argued in the MPC minutes released last week that a high repo rate cannot bring down food prices.