Food Financial News

  Invesco Global Market Strategist Brian Levitt says inflation has returned to its comfort zone on Barrons Roundtable.

The deli meat company Boar's Head is being scrutinized by law enforcement officials over a deadly outbreak of listeria food poisoning

Former President Donald Trump has proposed a 60% tariff on goods from China and a 20% tariff on everything else the United States imports

Unilever will do «whatever it takes» to defend its market leadership in India and won't hesitate to invest «hundreds of millions» or make acquisitions as competition intensifies on several fronts-from regional rivals to new-age, digital-first brands. «We have established positions that we believe are very, very strong. We have an unblinking commitment to defend India,» Unilever chief financial officer Fernando Fernandez told investors at the Bernstein Strategic Decisions Conference on Wednesday. «So, I will not blink before putting in hundreds of millions to defend a position in India if it has to be defended. We know investors would reward us because we defend positions, whatever it takes.» The dominance over most home and personal care categories by Hindustan Unilever (HUL), the local unit of the Anglo-Dutch consumer giant, has been coming under threat.

Amazon Great Indian Festival 2024: Grab up to 75% off on Glen, Faber and Elica chimneys and microwave and OTG ovensRefrigerators are a must-have in your home, ensuring your food stays fresh and your drinks cold. To make your search easier, we’ve handpicked the best deals and offers available.

Subscribe to enjoy similar stories. MUMBAI : After delivering nearly everything—from midnight cravings to daily essentials to electronics—the IPO-bound Swiggy also hopes to make money by being a part of your dining-out experience.

Paliperidone extended-release tablets indicated for the treatment of schizophrenia. The approval by the US Food & Drug Administration (USFDA) for the Abbreviated New Drug Application (ANDA) Paliperidone extended-release tablets of strengths 1.5 mg, 3 mg, 6 mg, and 9 mg, Alembic Pharmaceuticals said in a regulatory filing. The approved ANDA is therapeutically equivalent to the Reference Listed Drug product (RLD), Invega extended-release tablets, 1.5 mg, 3 mg, 6 mg, and 9 mg, of Janssen Pharmaceuticals, Inc, it added. Paliperidone extended-release tablets are an atypical antipsychotic agent indicated for the treatment of schizophrenia and it is also indicated for the treatment of schizoaffective disorder as monotherapy and as an adjunct to mood stabilisers and/or antidepressants.

Subscribe to enjoy similar stories. The first new kind of treatment for schizophrenia patients in decades is arriving. The U.S.

Phoenix Overseas will debut on the NSE SME platform on Friday. Ahead of the listing, the company's shares are trading with a GMP of Rs 15 in the grey market. This indicates a likely listing premium of 23%, compared with an issue price of Rs 64 at the upper end.

ChrysCapital is looking to create an investment platform as it closes in on at least two bakery-patisserie and dessert chains, Theobroma Foods and Belgian Waffle Co., at a combined valuation of around Rs 3,200-3,500 crore, said people aware of the development. It has a 60-day window to submit a binding offer for Theobroma and is aiming to finalise the terms of acquisition of Bloombay Enterprises, which owns and runs Belgian Waffle, for around Rs 1,000 crore in the next 30 days, said the people cited above. Bloombay is owned by husband-and-wife founders Shrey and Alisha Aggarwal and investor Marathon Edge Partners, which holds a 22% stake. Final Rounds of Diligence ChrysCapital, which is seeking to raise $2-2.2 billion for its tenth fund—its largest till date—is competing with EQT Partners for the Theobroma buyout and is in the final rounds of diligence. ChrysCapital returned over $7 billion from 80 exits and deployed $4.5 billion in over 100 investments.

Economic Survey a readable government literature, had teasingly proposed in 2016 that a chunk of RBI capital could be freed up to recapitalise banks. Shortly after he left as CEA in 2018, Subramanian buttressed the concept in Economic & Political Weekly. Most brushed it off as musings by a non-conformist economist who had differences with colleagues and peers. But few sensed it was a harbinger of a plan to use the central bank's excess capital: backed by a panel report, it paved the way for RBI to give generous dividends to GoI. Almost a decade later, another CEA has sparked a debate on another esoteric issue rooted in the political economy. After this year's Survey (prepared under CEA's guidance) questioned the efficacy of India's inflation-targeting framework — under which RBI aims at 4% inflation with a tolerance band of ±2% — present CEA V Anantha Nageswaran, in an article, dwelled on how powerless RBI is in influencing 'headline inflation', which factors in changes in food and fuel prices over which it has no control.

BJP's Bhartruhari Mahtab has been named chair of the Finance Committee, while Congress' Shashi Tharoor will lead the External Affairs Committee. These department-related standing committees, which include representatives from various political parties, function as mini parliaments and oversee the operations of different ministries.

Darwin’s Natural Selections and Answers Pet Food due to contamination concerns involving listeria and salmonella. While most pets may not show symptoms from this contamination, the bacteria can potentially spread to humans through pet stool and saliva. The following recalled products were sold in four-pound cartons:

Old newspaper boxes are being repurposed into containers that distribute Narcan, an emergency treatment to reverse drug overdoses

Sarva Pitri Amavasya, holds profound religious and spiritual importance in Hinduism. It is considered one of the most sacred days to perform rituals for the peace and salvation of ancestors' souls. While every Amavasya (New Moon day) is dedicated to honoring one's forefathers, the Amavasya during Pitru Paksha holds a special significance. In 2024, Mahalaya Amavasya will be observed on October 2, marking the end of Pitru Paksha.

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Subscribe to enjoy similar stories. There is the letter of the law and then there’s the spirit of the law. The letter could be followed while ignoring the spirit.

Promoters continue to cash in on the market rally, with those of about 180 companies selling stock worth more than ₹40,000 crore through open market transactions in the September quarter so far, indicating that valuations are rich enough for owners to lock in gains on part of their equity holdings. For the year to date, the value of shares sold by promoters via secondary market has already crossed ₹1 lakh crore. That's more than twice in all of 2023, when the amount stood at ₹48,000 crore. In 2022 and 2021, the numbers were ₹25,400 crore and ₹54,500 crore, respectively.

food catering firm Sodexo is exploring a potential acquisition of its U.S. rival Aramark, Bloomberg News reported on Wednesday. Sodexo has been periodically discussing the deal with food and facilities management provider Aramark in recent months, the report said, citing people familiar with the matter. However, there is no guarantee that the talks will lead to a deal and, in any case, a potential deal could face antitrust scrutiny. Sodexo would also need to secure the funds for such a sizeable acquisition, the report added.

An ET study of the 10 most-gifted products shows consumers will have to shell out about 14% more on average this festive season, from last year, as cashews, almonds and chocolates such as Cadbury Silk, Hershey’s Kisses and Ferrero Rocher are more expensive. This, industry executives fear, may crimp consumer demand. Lower supply of almonds, cashews and Californian pistachios has triggered a surge in retail prices. For instance, almond kernels, the most in-demand grade, cost 27% more at Rs 800 per kg this September, from Rs 630 a year ago, according to data from Nuts and Dry Fruits Council of India, an association of over 700 members.

A 10th person has died in an ongoing outbreak of listeria food poisoning tied to a now-closed Boar's Head deli meat plant in Virginia