Food Financial News

United Refining Company and Red Apple Group Chairman & CEO John Catsimitidis discusses Biden's non-intervention in the port strikes and explains how it will spike inflation and raise food and oil prices.

Over the past few years, consumers have been buying more private-label products at the grocery store to save money — and the trend may be here to stay.

Zomato is set to spill over onto Dalal Street, with both companies likely competing to capture investor interest. With a market share of around 58% in the food delivery business and 40-45% in quick commerce, Zomato is currently the market leader in both segments. However, the competitive landscape could shift once Swiggy hits the public market and improves its performance under heightened scrutiny.

Subscribe to enjoy similar stories. New Delhi: Zydus Wellness Limited, the parent company of brands such as Complan and Nycil talcum powder, has said it could invest up to ₹200 crore in new-age direct-to-consumer (D2C) brands as trends in the wellness space prompt it to explore new categories. In an interview with Mint, Tarun Arora, chief executive of Zydus Wellness, said the company could invest in both international and domestic markets.

Raghuram Rajan, former Reserve Bank of India (RBI) Governor, has cautioned against excluding food prices from inflation calculations. As inflation remains a key concern for the central bank, Rajan's stance is that removing food inflation from headline inflation targets could erode public's 'great faith' in the central bank's ability to manage the broader economic picture. «So, if you leave out some of the most important parts of inflation and tell them, inflation is under control, but food prices are going through the roof… they would not have great faith in the Reserve Bank,» Rajan told PTI in an inerview. Food prices have always played a significant role in shaping India's inflation picture. The current consumer price inflation (CPI) basket assigns a weight of 46% to food, a figure that many argue needs to be revisited as consumption patterns evolve. Nevertheless, Rajan maintains that food prices cannot be dismissed, as they constitute a significant portion of household spending and influence how the general public perceives inflation.

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Muzaffarnagar's Titora village, Atul Kumar studied for 18 hours a day, taking breaks only for food and sleep, as he prepared for the much-dreaded IIT entrance. Despite the gruelling schedule he sustained for 11 months, the 18-year-old, who almost didn't go to IIT despite cracking the test, advises against letting the pressure get to the head. «At my coaching institute, they said if you think that the IIT entrance examination is tough, then it is indeed tough. And if you consider it as an easy exam, then it is an easy one,» Kumar told PTI. Son of a daily wage labourer, Atul Kumar had lost his seat at IIT-Dhanbad after missing the fee deadline. He got a second chance when in an unprecedented move, the Supreme Court asked the institute to admit him to the BTech course.

food poisoning after consuming mid-day meal at a private school near Maharashtra's Thane city, taking the total number of minors hospitalised to 45, officials said on Wednesday. The children, aged between 8 and 11 years, were admitted to a civic hospital in Kalwa town after they complained of giddiness, nausea, headache and pain in the abdomen after lunch on Tuesday, according to medical officials at the hospital. Initially, 38 students were hospitalised on Tuesday. Seven more children were admitted to the facility late night. The children were being monitored and if found fit, they would be discharged by Wednesday afternoon, the hospital's medical in-charge, Dr Aniruddha Malgaonkar, told PTI.

Power is still out for well over 1 million people in Georgia, South Carolina and North Carolina five days after Hurricane Helene tore down trees and destroyed much of the electric grid

California will soon help end the everyday household debate over whether the food in the fridge is still good to eat

Square 1 Farmers owner Tim Ryan and Tim Ryan Jr., his son and VP of sales, explain their preparation for supply chain issues ahead of the port strikes and discuss the affect on businesses and consumers.

Prime Minister Justin Trudeau’s government survived a second attempt by the Conservatives to topple it with a non-confidence motion in the House Commons on Tuesday, with the NDP and the Bloc Quebecois voting against the Conservative motion.

National Taco Day marks today on October 1 has an extra twist of flavor as it is coinciding with Tuesday, and hence it can be called Taco Tuesday. Taco Day and the National Day Calendar reveal a change regarding the celebration of National Taco Day. From now onwards, it will be celebrated on the first Tuesday of October, which was previously celebrated on October 4. Taco John has renounced its Taco Tuesday trademark in the midst of the dispute regarding the ownership, and after that, Taco Bell began an online petition to make the trademark available for all the restaurants, as per USA TODAY.

According to flash estimates from the European Union's statistics office Eurostat today (1 October), inflation in the euro area fell to 1.8% in September, down from 2.2% in August, matching forecasts by a Reuters poll of economists. Core inflation, which strips out energy, food, and tobacco, eased slightly from 2.8% in August to 2.7% in September. ECB cuts interest rates to 3.5% amid softer inflation figures and faltering growth Services inflation fell to 4% last month from 4.1% in August, while food, alcohol and tobacco prices ticked up slightly to 2.4% from 2.3%. Non-energy indus...

According to the BRC, shop price deflation stood at -0.6% in September, down from -0.3% in August, dropping below the three-month average of -0.3% and the lowest annual growth rate since August 2021. The non-food category remained in deflation at -2.1% last month, further declining from -1.5% in August. Meanwhile, food inflation ticked up to 2.3% in September, growing by 30 basis points from a month prior, when it stood at 2%. The 2.3% in the food sector stood above the three-month average of 2.2%. However, the annual inflation rate for the food category is in decline, having reached ...

You could almost hear the collective sigh of relief when inflation hit the Bank of Canada‘s 2 per cent target — after all we’d been waiting three years.

In today’s article, we shall discuss the best deals offered by Amazon for daily needs. From supplements, home essentials, and personal care to baby care and pet food, there is something for everyone. You can use the below-mentioned shopping guide to avail best deals on top-rated products.

Invesco increased the fair value of public markets-bound online food delivery company Swiggy in its books to $13.3 billion as of July 31, according to a regulatory filing made with the US Securities and Exchange Commission. At the same time, the investor reduced the valuation of fintech firm Pine Labs to $3.3 billion. The valuation ascribed to Swiggy by Invesco was 24% higher than the $10.7 billion value at which the asset management firm invested in the company in January 2022. As of April 30, Invesco valued Swiggy at $12.7 billion. Invesco is not participating in the offer for sale (OFS) component of Swiggy’s upcoming initial public offering (IPO). The Bengaluru-based company has filed an updated red herring prospectus for its public issue through which it is looking to raise Rs 3,750 crore in fresh capital and OFS of up to 185.3 million shares.

Subscribe to enjoy similar stories. Vidhya Ramachandran, a Chennai home-maker, is busy prepping for Navratri, when golu (figurines and dolls) are displayed in a step arrangement, depicting scenes from mythology, culture and daily life. She is also planning the daily naivedyam (offering), of which sundal is a staple.

A study out in Science this month finds that states' attempts to cut the amount of food waste going into landfills are rarely succeeding

The full impact of Hurricane Helene won’t be known for weeks, but groups from both the public and private sector are mobilizing efforts to help those affected by the Category 4 storm that has killed at least 120 people and already caused billions in da...