Food Financial News

food prices moderated, official data released Monday showed. The Wholesale Price Index-based inflation was 2.4% in October. A year earlier, it was 0.4%. On an average, wholesale inflation accelerated to 2.1% in fiscal 2024-25 till November, compared with a contraction of 1.3% in the corresponding period last year.

Zomato is projected to witness inflows of about $513 million next week as the food delivery giant is set to enter BSE Sensex’s 30-share frontline index on December 23 as part of the planned rejig, brokerage firm Nuvama said. The food delivery giant’s index inclusion would make Zomato the first new-age tech stock to enter the 30-share frontline index. Meanwhile, JSW Group’s shares will exit the index as part of the planned rejig to make way for Zomato.

Aaradhya Disposal Industries, a manufacturer and exporter of high-quality paper products, announced filing of its Draft Red Herring Prospectus (DRHP) with NSE Emerge. The company’s initial public offering comprises a fresh issuance of 36,96,000 equity shares, each with a face value of Rs 10. Khambatta Securities is the sole book running lead manager to the Issue, and Bigshare Services Private is the registrar.

British Columbia business owner Joe Chaput will spend $5,500 a month on security guards during the holiday season and plans on upgrading his store’s video camera system for around $5,000 more.

inflation eased to 1.89 per cent on an annual basis in November from 2.36 per cent in October. The wholesale inflation, measured using the Wholesale Price Index, was expected to moderate to 2.20 per cent, according to a Reuters poll. India’s retail inflation eased to 5.48 per cent in November, after breaching the RBI's 6 per cent upper tolerance band in October, as the arrival of fresh produce helped moderate soaring vegetable prices.

Subscribe to enjoy similar stories. ITC Ltd will continue to scale its existing food brands and look for opportunities in the premium segment, as multitudes in India's relatively poorer parts, such as Bihar, Uttar Pradesh, and Rajasthan, are entering the consuming class, potentially boosting demand for branded food products, a senior company official said. The Kolkata-based fast-moving consumer goods (FMCG) company, which operates in categories such as staples, snacks, health foods, dairy and beverages, is also open to acquisitions to bolster its brand portfolio and drive growth, hinting at a couple of deals shortly.

chess prodigy earned the distinction of becoming the youngest world chess champion in history. Gukesh secured this prestigious title after outsmarting China’s Ding Liren in a decisive Game 14. The match, initially poised for a draw, took a dramatic turn when Ding made a critical error akin to self-sabotage. Gukesh capitalized on the mistake, swiftly claiming victory.

Subscribe to enjoy similar stories. Over the past year, I have devoted several columns to drawing attention to how inadequate social capital in our hyper-diverse society is a fundamental cause of many of our socioeconomic problems. Our public places deteriorate over time because in the absence of a sense of common community, individuals maximize private gains over public interest.

Chanchalguda Central Prison in Telangana on Friday following a stampede incident during the premiere of his latest film, Pushpa 2. For dinner, he had a simple meal consisting of rice and vegetable curry, with no special requests made to prison authorities, according to a senior official from the Telangana prisons department. The official added that Arjun was housed in a separate section of the prison along with other accused individuals involved in the case. As per court directives, he was treated as a special-class prisoner, which entitled him to a cot, table, and chair for added comfort. “He appeared calm and did not seem distressed. Dinner is typically served at 5:30 PM, but food is provided for late arrivals as well. The actor had rice and curry and was treated in accordance with the court’s special class prisoner order,” the official told PTI.

Himanta Biswa Sarma visited Golaghat and distributed No Due Certificates to beneficiaries under the Assam Microfinance Incentive and Relief Scheme (Phase III, Category II). He announced that under the third phase of the Assam Microfinance Incentive and Relief Scheme, 5,119 women borrowers in Golaghat are provided waiver. As part of the ongoing «12 Days of Development» initiative launched on December 11th to accelerate Assam's developmental progress and prioritize the well-being of its people, Sarma visited Golaghat and distributed several key benefits to the community. These included No Due Certificates to beneficiaries under the Assam Microfinance Incentive and Relief Scheme (Phase III, Category II), Direct Benefit Transfers (DBT) to those affected by the 2024 floods, and seed capital to self-help groups as part of the Pradhan Mantri Formalisation of Micro Food Processing Enterprises (PMFME) scheme. Sarma highlighted that, under the third phase of the Assam Microfinance Incentive and Relief Scheme, 5,119 women borrowers in Golaghat have been freed from their microfinance loans. Additionally, financial assistance has been provided to 2,011 families affected by floods in the district, with Bokakhat being the worst-hit area, where 1,970 families suffered losses. He stated how 189 self-help groups in Golaghat had received seed capital through the PMFME scheme, marking an important step toward promoting entrepreneurship and self-sufficiency in the region.

social welfare residential schools, Telangana Chief Minister A Revanth Reddy on Saturday said his government has now increased allocation of funds by 40 per cent to improve the quality of food served to students. Speaking after launching a 'common diet plan' for all government residential schools and hostels in the state at Chilkur near here, he said the state government is moving ahead with the resolve that quality facilities should be provided in the welfare residential schools. He said 'diet charges' (allocation of funds for food) have not been enhanced in the last eight years. «The previous government did not think of increasing it. That means, the then government did not give importance to diet charges, cosmetic charges or provision of basic facilities. Because of that, the residential schools have lost their prestige,» he said.

Subscribe to enjoy similar stories. Travel has provided me with some of the most memorable meals I have eaten, none more than the simple lunch I had in 2008 on a sunny, cool day under the bluest sky, near the edge of a cliff overlooking the inland sea misleadingly called Lake Titicaca in Peru. An indigenous community called the Uru served freshly grilled trout—without spices and with boiled rice, grated carrot, and a condiment based on a local chilli called the aji.

market surge lifted the weak indices, ending the week on a positive note. Easing food inflation, A gradual easing in food inflation and a price hike by FMCG companies, along with a recent correction in valuation, supported the sector to outperform. Additionally, the expectation of an increase in US spending is propelling the IT sector. Amid a highly volatile week, certain smallcap stocks hit their 52-week high, giving returns of up to 37% on a week-on-week (WoW) basis.

Subscribe to enjoy similar stories. A colleague said during breakfast one day that he wanted to start working out because he had just turned 40-years-old and had started seeing visible decline in muscle-mass. This is someone who had hardly worked out in the past, so a decline must have felt more jarring than amongst those who do workout.

Rice inventories in India surged to a record high at the start of December, reaching more than five times the government's target and potentially boosting overseas shipments from the world's biggest exporter of the staple food. Rice reserves, including unmilled paddy, in state granaries totalled 44.1 million metric tons on Dec. 1 against a government target of 7.6 million tons, data compiled by the Food Corporation of India showed. Wheat stocks on Dec. 1 stood at 22.3 million tons against a targeted 13.8 million tons.

State Bank of India (SBI) report. However, it highlights several challenges in the agricultural supply chain that continue to impact food consumption across the country. Notably, states like Madhya Pradesh, Uttar Pradesh, Punjab, and Jammu & Kashmir have seen growth in both fruit and vegetable production. However, many northeastern states have reported a decline in per capita production.

Bank of Baroda (BoB) report. The arrival of fresh harvests of tomatoes, onions, and potatoes has been reflected in higher mandi arrivals, easing supply pressures. December data indicates further corrections in vegetable prices, while favorable soil moisture and reservoir levels are expected to support a robust Rabi harvest. Additionally, benign global food and energy prices are expected to keep food inflation risks low in the near term.

Subscribe to enjoy similar stories. When central banks like the Reserve Bank of India (RBI) reduce interest rates, borrowing becomes cheaper. Companies can then access loans at lower costs, enabling them to invest in new projects, expand operations, or fund innovation more effectively.

Air India aircraft, evocatively named the Emperor Ashoka, way back in 1972. Needless to add it left a deep impression on my six-year-old mind, not only because of the dimension of a Boeing 747 ('Jumbo') but the regal ambience, the glamorous, poised cabin crew, and even the food.

Subscribe to enjoy similar stories. Culture as a tool to shape the future—that is the premise underlying the ninth edition of the Serendipity Arts Festival, all set to take place in Panjim, Goa. The various workshops, performances, conversations and exhibitions—spanning music, dance, theatre, food, craft and visual arts—are looking at our relationship with the body, time, space, community, ecology, and more.

Subscribe to enjoy similar stories. BENGALURU : Smallcase's early investors, including Peak XV Partners and WEH Ventures, are looking to partly offload their stakes in the fintech, which is in talks to raise over $50 million in a mix of primary and secondary transactions, three people close to the development told Mint. The latest round is expected to value the Bengaluru-based startup at around $300-350 million.