Food Financial News

23.10 / 02:37
UPS Citi Fighting Food President Oscar country Cuba fights to come back from a nationwide blackout, then a storm that killed 7
A small town in far eastern Cuba is recovering from flooding that killed at least seven people after Hurricane Oscar crossed the island’s eastern coast as a tropical storm with winds and heavy rain
23.10 / 00:43
markets Strategy Sustainability Food Experts social reports Avaana logs final close of $135-million climate fund
Avaana Capital, an early-stage investment firm that has backed startups in the consumer, food and agri sectors, has made the final close of its dedicated climate and sustainability-focused fund at $135 million. The firm which was initially targeting to raise $100-125 million had made the first close of this fund at $70 million in June last year. Through this specialised fund, Avaana Capital plans to invest in 20-25 early-stage companies. The average first cheque size will range from Rs 10 crore to Rs 30 crore, and it plans to double down on successful investments.
22.10 / 17:09
Target Manufacturing Kroger Food testing infection Updates More frozen waffles and pancakes recalled over possible listeria contamination
A recall of hundreds of frozen waffles and other toaster foods has been expanded
22.10 / 14:29
markets COST Citi Digital Food Nestle reports FMCG demand sluggish in urban India on account of food inflation, commodity costs: Nestle chairman
Urban India is under some strain as demand continues to be muted amid surging food inflation, packaged foods maker Nestle India’s chairman Suresh Narayanan said at a media briefing on Tuesday at the company’s infant foods plant in Samalkha. He said there are “some pressure points from mega cities and metros" though tier one and below towns and rural markets seem to be reasonably stable. “The FMCG sector is facing sluggish demand with growth declining to 1.5-2 per cent compared to double digit growth a few quarters ago,” Narayanan said. The maker of Maggi noodles, KitKat chocolates and Nescafe coffee, reported a marginal 0.94% year-on-year decline in net profit for the July-September ’24 quarter, down to Rs 899.49 crore, hurt by softer demand and high commodity prices. The India unit of the Swiss foods company had reported net profit of Rs 908.08 crore in the year-ago quarter.
22.10 / 11:35
markets Target Digital Strategy Food track medicines Target to lower prices on 2,000 items ahead of holiday season
Target is reducing prices on more than 2,000 items ranging from snacks to toys and cold medicine in an effort to attract bargain-hunting shoppers during the holiday season, the retailer said on Tuesday. The price reductions will be across national brands and Target's own private brands, including food and beverages, everyday essentials and holiday gifts, it said. The move comes ahead of the shorter-than-usual key shopping period this year, and against a backdrop of frugal consumer behaviour.
22.10 / 11:17
UPS Food Death love Inside Features Meet the modern boilermakers of Goa
Subscribe to enjoy similar stories. Though better known for his cocktails, Pankaj Balachandran loves beer. Within the F&B realm, he’s best known for taking Countertop India, a bar consultation company, to great heights.
22.10 / 08:43
markets Provident Cooper Food Myanmar DAL Centre to resume sale of subsidised Bharat chana dal, battling food inflation
Subscribe to enjoy similar stories. New Delhi: The Centre is set to resume selling subsidised Bharat chana dal this week as part of its efforts to control accelerating food inflation and provide relief to consumers, two people aware of the matter said. “The pulse will now be available at ₹70 per kg, an increase of ₹10 from the previous price, the first person said.
22.10 / 07:19
markets UPS Citi Digital Food Trade Varun Bev's chief optimistic of Indian market over 'growing consumption class'
Varun Beverages, India's largest bottling company, has remained confident of Indian market because of growing consumption class and evolving consumer preferences after it released Q3 & 9M CY2024 financial result. «The Indian market, with its growing consumption class and evolving consumer preferences, continues to offer immense opportunities,» said Ravi Jaipuria, Chairman, Varun Beverages Limited. Shares of the Varun Beverages Ltd. traded at Rs 583.15 on BSE at 12:22PM (IST) on Tuesday, up 0.85 per cent.
22.10 / 06:01
markets Strategy Food Refugees Experts medicines India sends humanitarian aid to Palestine; consignment comprises 30 tons of essential items
This initial consignment comprises 30 tons of essential items, including medicines, surgical supplies, dental products, general medical items, and high-energy biscuits, which will be distributed through the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA). Sharing a post on X, Randhir Jaiswal, the official spokesperson of the Ministry of External Affairs wrote, «India sends humanitarian assistance for the people of Palestine through UNRWA.»
22.10 / 06:01
markets Digital Strategy Food country guidelines Schools China issues guidelines to battle obesity; how can it help you?
National Health Commission (NHC) has released its first set of guidelines aimed at standardising the diagnosis and treatment of obesity, as over half of the adult population is currently classified as overweight or obese. This trend is expected to continue, with projections suggesting that by 2030, the obesity rate could reach 65.3 per cent. Published on October 17, the guidelines highlight the growing public health crisis posed by obesity in China, which is now recognised as the sixth leading risk factor for death and disability in the country. However, the country faces a dual challenge contributing to this issue.
22.10 / 02:39
markets UPS security Analysis Food Trade Experts Zomato shares in focus ahead of Q2FY25 earnings. Here's what to expect
Zomato are expected to be in focus on Tuesday when markets resume trading as the food delivery company will announce its Q2FY25 earnings later today. The company is expected to post a whopping 585%-662% year-on-year jump in its September quarter net profit in the range of Rs 247 crore — Rs 274 crore, according to the estimates of a couple of top domestic brokerages.
21.10 / 19:37
COST UPS security Food President Should the minimum wage be lower for workers who get tipped? Two states are set to decide
Voters in Arizona and Massachusetts are set to decide whether employers should be able to continue to pay tipped workers such as servers and bartenders a lower minimum wage than non-tipped workers
21.10 / 12:41
markets Food DISH Experts Schools Vegan food influencer gushes about her ‘guilt-free plate’, gets schooled by meat lovers
food content creator who shared a photo of her meal consisting of rice and dal, proudly expressing her commitment to a vegetarian lifestyle. In her post, she declared that her “plate is free from tears, cruelty, and guilt,” sparking a backlash. Many found her statement offensive, accusing her of being judgmental and dismissive of those who choose to eat meat. While a few supported her stance, the majority of responses disagreed with her point of view. Numerous social media users emphasized that no one has the authority to dictate others' dietary choices. Some made thoughtful remarks, noting that plants also experience pain. Meanwhile, others, mocking her post, shared images of their plates filled with various meat dishes, defending their right to enjoy non-vegetarian food.
21.10 / 12:41
markets Digital Strategy Align Food Experts cover Food Inflation and global spillovers may hinder India’s path to disinflation, RBI Bulletin highlights
inflation is on a downward trajectory, but there is still significant ground to cover, according to the latest bulletin from the Reserve Bank of India released on Monday. The final stretch of disinflation hinges on controlling food inflation and mitigating its spillover effects on inflation expectations and core inflation. The bulletin. said that the monetary policy remains committed to aligning inflation with its target. However, geopolitical conflicts, an uncertain global outlook, volatile financial markets, and climate-related shocks pose key risks to both growth and inflation forecasts.
21.10 / 11:21
markets Food Healthcare Trade Experts AGRO Updates Stock market update: FMCG stocks down as market falls
Dangee Dums Ltd.(up 2.84%), Procter & Gamble Hygiene & Healthcare Ltd.(up 2.25%), Heritage Foods Ltd.(up 1.86%), Nakoda Group Of Industries Ltd.(up 1.32%), Hatsun Agro Products Ltd.(up 1.16%), Jyothy Labs Ltd.(up 1.06%), Patanjali Foods Ltd.(up 0.61%) and Nestle India Ltd.(up 0.19%) stood among the top gainers.
21.10 / 05:35
UPS Citi BLOCK Waters Food Oscar country Cubans struggle with an extended power outage and a new tropical storm
Many Cubans waited in anguish and some took to the streets in protest as widespread blackouts stretched into their third day
21.10 / 01:37
Manufacturing Metro Discover Food outbreak testing infection Frozen waffle brands sold in Canada recalled due to possible listeria contamination
Various frozen waffle products sold in Canada and the U.S. have been recalled after testing revealed possible listeria bacteria contamination at a manufacturing facility in Brantford, Ont.
20.10 / 18:15
UPS Waters Food Oscar country Cubans struggle as power not fully restored days after island-wide blackout
Many Cubans are waiting in anguish as electricity on much of the island has yet to be totally restored days after a blackout
20.10 / 14:23
COST TikTok Food DISH pandemic President Will US convenience stores find the secret to selling better food?
Americans who think of petrified hot dogs, frozen burritos and salty snacks when they imagine getting food at a gas station or truck stop may be pleasantly surprised during their next road trip: U.S. convenience stores are offering them more and better...

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