Food Financial News

05.09 / 04:41

markets IPO Manufacturing Food trends Trade Pharmaceuticals Boss Packaging Solutions IPO allotment: Check status, GMP, listing date and other details

Brace Port Logistics is likely to finalize the share allotment today. Investors can check the status of the Boss Packaging Solutions IPO allotment by logging into the official website of the registrar, Kfin Technologies. Follow the step-by-step process mentioned below to check the status of allotment.

05.09 / 02:57

BLOCK CEO Kroger Food Trade Courts International Kroger's CEO says shoppers would see lower prices after the chain's merger with Albertsons

The chief executive officer of Kroger has insisted that merging with rival Albertsons would allow the two supermarket companies to lower prices and more effectively compete with retail giants like Walmart and Amazon

05.09 / 02:00

markets UPS economy Food wellness pandemic reports Eating at a fast-food outlet may be a better bargain than ordering in

₹58,000-crore quick service restaurant industry, the challenge form restaurant aggregators isn’t new. But the post-pandemic revenge dining boom has petered out, while Covid-driven surge in home deliveries continues. Consumers cutting back on spending to counter inflation has made it worse.

05.09 / 01:33

markets Target Food Research show reports wrestling Even bargain chains see spending pullback as higher prices squeeze more Americans

Dollar Tree is slashing its full-year earnings and sales forecasts as its customers continue to struggle with higher prices and spend less

05.09 / 01:04

markets Booking Aware Platform Entertainment Food reports Zomato's big Paytm play puts a spanner in KKR's BMS plans

Zomato's recent acquisition of Paytm's entertainment business has put a cloud over KKR's planned investment in BookMyShow (BMS), India's largest online ticket-booking platform, said two people aware of the development. KKR is believed to be renegotiating with BMS over the deal size and valuation, said sources. KKR had earlier planned to invest about $250-300 million in Reliance Industries Ltd-backed BookMyShow to acquire a significant minority stake, ET first reported in January. The valuation of BMS then was estimated to be around Rs 7,500 crore ($900 mn), ET reported. A KKR spokesperson declined to comment, while BookMyShow did not respond to the queries sent on Saturday.

05.09 / 00:58

markets COST UPS Citi Platform Food reports Swiggy delivers 11% rise in FY24 revenue; net loss down 44% YoY

Swiggy has reported a 36% year-on-year (YoY) increase in its operating revenue to Rs 11,247 crore for FY24, driven by strong growth in its quick commerce vertical Instamart and out-of-home consumption business, according to the company’s annual report. The Bengaluru-based company significantly reduced its net loss for the year to Rs 2,350 crore, 44% lower than a year ago. By comparison, Swiggy’s key rival,Zomato, reported a net profit of Rs 351 crore in FY24. The fall in Swiggy’s losses was primarily on account of a controlled YoY increase of 8% in its total expenses. Swiggy cut down on staff costs, advertising and sales promotion spends.

05.09 / 00:35

security Food show country reports Department Hunger in US continued multi-year rise in 2023, government report says

Hunger reached its highest point in the United States in nearly a decade last year, with 18 million households, or 13.5%, struggling at some point to secure enough food, a Department of Agriculture report released on Wednesday said. Hunger has been on the rise in the country since 2021, after years of decline. U.S. Census Bureau data last year showed a rise in food insecurity after the end of programs that expanded food aid during the Covid-19 pandemic. The report did not provide an explanation for the increase.

04.09 / 11:44

markets UPS Food wellness AGRO Updates Stock market update: FMCG stocks up as market falls

ADF Foods Ltd.(up 5.67%), Dabur India Ltd.(up 1.86%), Hindustan Unilever Ltd.(up 1.69%), Varun Beverages Ltd.(up 1.52%), Zydus Wellness Ltd.(up 1.40%), Heritage Foods Ltd.(up 1.39%), Sheetal Cool Products Ltd.(up 1.16%), Godrej Consumer Products Ltd.(up 1.00%), Colgate-Palmolive(India)Ltd.(up 1.00%) and Adani Wilmar Ltd.(up 0.90%) stood among the top gainers.

04.09 / 11:22

UPS Food community DISH Fishing country Drought forces Kenya's Maasai and other cattle herders to consider fish and camels

The blood, milk and meat of cattle have long been the staple foods for Maasai pastoralists in Kenya, perhaps the country's most recognizable community

04.09 / 10:13

markets Manufacturing Entertainment economy Food pandemic trends There is no such thing as ‘unskilled labour’: Drop its use.

Labour Day in the US was on 2 September, an appropriate moment to consider the term ‘unskilled.’ Economists have used it for as long as I can remember, and at some point, I became numb to it, thinking it was just a neutral classification. But it’s not neutral—it’s both demeaning and misleading. Often people have incredible skills; they just aren’t skills currently in high demand.

04.09 / 06:24

Discover Food Research reports recommendations Features Investigations S Korean Government Agency Director ‘Ran Crypto Mining Server at Work’

Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...

04.09 / 03:00

UPS Food wellness stage reports Equality Theobroma sale: Chrys Capital, Carlyle, Bain in final stage

Oberoi Hotels pastry chef Kainaz Messman, had launched the sale process in January, after its private equity backer ICICI Venture decided to exit its investment. The company appointed investment bank Arpwood Partners to line up buyers. “The real negotiations will begin now.

04.09 / 00:46

COST Citi BLOCK Highways Food country social Colombian truckers block highways in main cities in protest over increases in fuel prices

Thousands of Colombians have been forced to walk to work as truckers in major cities blocked highways to protest a recent increase in the price of diesel fuel

03.09 / 14:33

WhatsApp Food wellness Trade India notifies 8,606 tn of raw cane sugar exports to US under tariff-rate quota

tariff-rate quota (TRQ) scheme to the US for the October 2024 — September 2025 period. Shipments under the TRQ enjoy relatively lesser customs duties. After the quota is reached, a higher tariff applies to additional imports. «The quantity of 8,606 MTRV (metric tonnes raw value) of raw cane sugar to be exported to USA under TRQ scheme from 01.10.2024 to 30.09.2025 has been notified,» the Directorate General of Foreign Trade (DGFT) said in a public notice. A similar quantity was notified in January also.

03.09 / 12:32

markets UPS Food Nestle Updates International Stock market update: FMCG stocks up as market falls

LT Foods Ltd.(up 5.16%), Bajaj Consumer Care Ltd.(up 3.92%), Bikaji Foods International Ltd.(up 3.61%), Mrs. Bectors Food Specialities Ltd.(up 2.30%), Hatsun Agro Products Ltd.(up 1.91%), Zydus Wellness Ltd.(up 1.90%), Heritage Foods Ltd.(up 1.70%), Emami Ltd.(up 1.38%), Hindustan Foods Ltd.(up 1.32%) and Nestle India Ltd.(up 0.84%) stood among the top gainers.

03.09 / 07:57

Remark Reddit Food CAT show Videos Tinder bio description ‘Couch Potato with Passion’ has everyone talking

The Redditor's prompt was straightforward: «Write the most unattractive Tinder bio you can think of.» ChatGPT delivered with a brutally honest and humorous response: «42-year-old couch potato with a passion for complaining. Looking for someone who doesn’t mind my 12 cats and can tolerate my collection of toenail clippings. I don’t believe in deodorant, and I think showering is overrated. My ideal date is watching conspiracy theory videos on YouTube while eating expired canned food. No, I won’t stop talking about my ex, and yes, I live with my mom. Swipe left if you can’t handle the real me!» This bio was posted on Reddit, where it amassed over 27,000 upvotes and ignited a flurry of reactions.

03.09 / 03:51

WhatsApp Opinion Food Trade Experts recommendations Reliance Chemotex among 9 stocks to trade ex-dividend tomorrow; last chance for eligibility

Reliance Chemotex and 8 other companies are expected to be in focus today as they have set September 4 as the record date for determining shareholders eligible for dividend payments. This means today will be the last day to buy the shares of these companies to be able to qualify for the dividends announced by them.

03.09 / 03:01

markets IPO CEO Southern Food country International MTR owner Orkla India to sell 10-15% via IPO, raise $300 million

Orkla India, which owns MTR and Eastern spices, has started initial talks with bankers to raise around $300 million (about ₹2,500 crore) by selling 10-15% stake through an initial public offering (IPO), at a valuation of around $2 billion, said people familiar with the matter. The company is in the process of hiring bankers, and the listing could happen between June and November 2025, they said.

02.09 / 17:56

Cooper security Food community pandemic social reports A U.S. report says parental stress is soaring. Is Canada doing any better?

stress compared with non-parents, a new report by the United States surgeon general said.Experts say the report aligns with mental health indicators in Canada, and there are key changes that can help.The report by U.S. Surgeon General Dr.

02.09 / 14:31

UPS Target Merit economy Food Trade Headlines CEA: No inflation targeting framework is sacrosanct

The Economic Survey for 2023-24 questioned the merits of India’s inflation targeting regime, which aims at a headline inflation rate of 4% with a band of 2% on either side. It mused aloud whether a regime that targets inflation, excluding food prices, would be more appropriate in the Indian context, especially given the unintended effect it has on farmers’ terms of trade. Some have opined that it is a settled issue and there is no point in opening it up.

02.09 / 13:46

UPS IPO Booking Food Trade band AGRO Shree Tirupati Balajee Agro Trading announces IPO dates, price band. Check details

IPO) of Shree Tirupati Balajee Agro Trading will open for subscription on September 5. The company has fixed a price band of Rs 78-83 for the public offer, which will close on September 9. The IPO includes a Fresh Issue of up to 1.47 crore shares and an offer for sale (OFS) of up to 56.9 lakh shares by Binod Kumar Agarwal.

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