Food Financial News

Axis Bank's latest report warns that inflation in India is unlikely to ease quickly, as both core and food price indices are expected to remain closely linked. Despite food prices and vegetable costs being at cyclical highs, the report highlights that supply responses may lag the demand boost driven by income-transfer schemes. «In India, we do not see inflation easing quickly: over the long term, core and food price indices move together. Though food relative to core, and vegetables relative to food, are both at cyclical highs, the supply response may lag the demand boost from income-transfer schemes,» said the report titled " India Economic and Market Outlook 2025 ". ALSO READ: India's CPI inflation likely to ease to 5.5% in Nov from 6.2% in Oct: Morgan Stanley

Asian Development Bank (ADB) on Wednesday lowered India's economic growth forecast to 6.5 per cent for the current financial year from its earlier estimate of 7 per cent due to lower-than-expected growth in private investment and housing demand. The multilateral development bank has also lowered India's growth forecast for 2025-26 financial year. Changes in US trade, fiscal, and immigration policies could dent growth and add to inflation in developing Asia and the Pacific, according to the latest edition of Asian Development Outlook (ADO). The report also said Asia and the Pacific's economies are projected to grow 4.9 per cent in 2024, slightly below ADB's September forecast of 5 per cent.

buying and selling in select heavyweight stocks. Stocks that were in focus include names like Greaves Cotton, which rose 18% and Mishtann Foods, which fell 9% and BEL, whose shares jumped 0.064% on Tuesday.

On the BSE, VCK Cap Market(down 20.00 per cent), Olympic Cards(down 18.75 per cent), Sancode Technologies(down 10.00 per cent), Rajdarshan Ind(down 9.99 per cent) and Rose Merc. Ltd.(down 9.96 per cent) stood among the top losers in today's trade.

Bajaj Consumer Care Ltd.(up 10.15%), Hatsun Agro Products Ltd.(up 7.58%), Emami Ltd.(up 3.21%), Hindustan Foods Ltd.(up 2.82%), Bikaji Foods International Ltd.(up 2.58%), Zydus Wellness Ltd.(up 2.44%), Tasty Bite Eatables Ltd.(up 1.80%), Euro India Fresh Foods Ltd.(up 1.72%), Colgate-Palmolive(India)Ltd.(up 1.61%) and Gillette India Ltd.(up 1.44%) stood among the top gainers.

Subscribe to enjoy similar stories. It’s the season for all things that bring joy. In keeping with this vibe, the prolific baker and content creator Shivesh Bhatia launched a cookbook titled, Chocolate.

Agro Tech Foods' Rs 1,300- crore acquisition of Del Monte Foods is likely to trigger an open offer as the new shareholders' equity capital will surpass the stock held by the existing promoters, potentially altering the company's control dynamics, market experts said. Agro Tech Foods announced the acquisition of a 100% stake in Del Monte Foods last month. It will buy a 40.71% stake from DMPL India and the remaining 59.29% from Bharti Entities. As part of the deal, Agro Tech Foods will issue a total of 13.3 million shares on a preferential basis.

Subscribe to enjoy similar stories. Mumbai: Shaktikanta Das will step down as the 25th governor of Reserve Bank of India (RBI) on Tuesday, at a time when the war on inflation is ongoing and economic growth has taken a sudden slow turn. Union ministers Nirmala Sitharaman (finance) and Piyush Goyal (commerce and industry) had called for rate cuts after GDP growth slowed to 5.4% in the July-September quarter.

Subscribe to enjoy similar stories. The war on inflation has a new general leading the charge, as India's top revenue officer Sanjay Malhotra moves from North Block to Mint Road. On Monday, the Union cabinet's appointments committee named the 1990 batch IAS officer to lead the Reserve Bank of India, a day before governor Shaktikanta Das leaves at the end of six years at its helm.

third Conservative non-confidence vote on Monday, but the government is likely to survive with the support of the NDP.Members of Parliament are supposed to vote on a motion that quotes NDP Leader Jagmeet Singh’s criticism of the Liberals and asks the House to agree with Singh and vote to bring down the government.Singh said last week he is not going to support the Conservatives, so the motion will likely fail.The House is also supposed to vote on an NDP motion calling on the government to expand the GST break and the $250 “working Canadians rebate” to fully retired seniors and people who rely on disability benefits.Those votes will come after MPs deal with a debate on a point of privilege raised by Conservative deputy leader Melissa Lantsman on Friday.As opposition parties continue to use procedural tactics to stall one another’s motions, the House is facing a deadline on Tuesday to vote to approve billions of dollars in government spending.Treasury Board President Anita Anand has asked Parliament for approval of $21.6 billion to fund programs including housing, dental care and the national school food program.If that doesn’t pass, some programs could face a cash shortfall, including veteran benefits and natural disaster assistance. The spending request is set to go to a debate and vote late Tuesday.The final two opposition motions of the year also need to be introduced before Tuesday.

It’s lunch time at the Eaton Centre mall in downtown Toronto and every corner of the food court is hungry for customers.

Speaking exclusively to PTI during his recent visit to the city to participate in a curtain-raiser event of the 16th edition of the Apeejay Kolkata Literary Festival, where his latest title 'Chhaunk: On Food, Economics and Society' was launched, Banerjee said he felt India's «explicit political preference for Hindu migrants from Bangladesh» is what prompted the population to leave their homeland in the past, rather than the attacks on the community. «People always leave for another country where they have their families or to a richer nation where the economic opportunities are higher,» the Nobel laureate said, «I am not surprised that Hindu Bengalis have left Bangladesh and settled in, say, large pockets of Assam because of India's overt preference for Hindus instead of Muslims.»

gold smuggling attempt involving three passengers on a flight from Almaty, Uzbekistan to Delhi after their suspicious behaviour during the journey raised alarms. The eagle-eyed staff onboard the flight alerted the captain who contacted customs officers at Delhi's IGI airport to intercept the passengers. The incident occurred aboard a flight en route to India, a three-and-a-half-hour late-night journey. While most passengers accepted meal services, three individuals repeatedly refused offerings from the air hostess, including water and tea. Their unusual stillness and abrupt refusals drew the air hostess’s attention, prompting her to inform the flight captain. Acting on her concerns, the captain alerted customs officials via air traffic control.

Subscribe to enjoy similar stories. There is a unique multi-course, immersive dining experience in Kochi featuring a series of meals shaped by the chefs’ food memories and traditional dishes of Kerala. They are conceptualised by a local food experience curating agency, Bites & Banter.

Umang Dairies Ltd.(up 14.44%), Future Consumer Ltd.(up 3.58%), LT Foods Ltd.(up 3.17%), Sheetal Cool Products Ltd.(up 2.12%), Bajaj Consumer Care Ltd.(up 1.77%), Bikaji Foods International Ltd.(up 1.41%), Hatsun Agro Products Ltd.(up 1.01%), Dodla Dairy Ltd.(up 0.92%), Tasty Bite Eatables Ltd.(up 0.65%) and Heritage Foods Ltd.(up 0.53%) stood among the top gainers.

National Restaurant Association of India (NRAI) on Sunday cautioned its 500,000-plus restaurant members on what it termed «dangers» of deep discounting on dining-in, monopolising of payment gateways and data control by aggregators such as Swiggy and Zomato. «Deep discounting has caused significant challenges in food delivery; NRAI warns that similar tactics are being employed to capture the dine-in market,» the NRAI said in a detailed advisory, a copy of which was seen by ET. The development could escalate multiple long-standing disputes between India's ₹5.69 lakh crore restaurant sector and food delivery aggregators, which have been clocking healthy growth year-on-year on the back of consumer convenience and last-mile discoverability. Matters of dispute between the two, including allegations by the NRAI of deep discounting, data masking and uneven commissions by the aggregator platforms on deliveries, are currently being examined by the Competition Commission of India (CCI). For table bookings made by customers on aggregator platforms, most restaurants need to pay 4-8% commissions to the latter, which are higher than the 1-1.5% charged by third-party payment gateways, according to the advisory. According to the NRAI, aggregator payment gateways push aggressive discounts and cashbacks to acquire customers, which, it alleged, are at the expense of the restaurants. Third-party gateways include Paytm and BharatPe.

Dominique Brown, a 34-year-old Disney enthusiast and influencer, passed away on December 5, 2024, after suffering a severe allergic reaction at a holiday food event hosted by BoxLunch in Los Angeles. According to reports, Brown consumed a food item at the event that she was told did not contain peanuts, a food to which she was allergic. After feeling unwell, she asked to be taken to a hospital but tragically passed away despite receiving CPR at the scene.

Subscribe to enjoy similar stories. Mumbai: Nepal traditionally celebrates Kukur Tihar, a Diwali festival to worship dogs (and lately Biralo, or cats) as loyal and loving friends. Japan has an entire island popular with tourists, where cats outnumber its human residents.

food processing industry has generated employment of more than 2.89 lakh (as of October 31), the government said on Friday. According to data reported by the scheme's beneficiaries, an investment of Rs 8,910 crore has been made across 213 locations in the country, the Ministry of Food Processing Industries said in a statement. The PLI scheme for Food Processing Industry (PLISFPI) was approved by the Union Cabinet on March 31, 2021 with a budget of Rs 10,900 crore, to be implemented from 2021-22 to 2026-27.

Subscribe to enjoy similar stories. The Indian Railways plans to run dedicated Vande Bharat parcel trains on specific routes to capture a chunk of goods shipped by online marketplaces like Amazon and Flipkart that use road and air cargo for faster shipments, two people aware of the development said. The railways have begun designing freight trains on the lines of its Vande Bharat passenger express.

Chipotle is raising its U.S. prices to offset inflation and to compensate for a promise to increase portion sizes