Food Financial News

02.09 / 10:37
UPS Digital Sustainability WhatsApp Food Cabinet approves seven decisions with an outlay of Rs 13,966 crore, focuses on farm-related activities
Cabinet on Monday gave nod to seven decisions focused on boosting farm-related activities in India, Union Minister Ashwini Vaishnaw announced, while addressing a press conference. While announcing the key decisions, Vaishnaw said, «Today, Seven major decisions have been taken in the cabinet meeting for improving the lives of farmers and increasing their income...The first is Digital Agriculture Mission. This is being developed on lines of the structure of Digital Public Infrastructure for agriculture. A few good pilot projects have been taken up and we have achieved success. On that basis, with a total investment of Rs 20,817 Crores, Digital Agriculture Mission will be set up...» Here are the major decisions taken by Prime Minister Modi-led Cabinet:
02.09 / 10:29
UPS Provident WhatsApp Food medicines boating Indian Airforce sends two aircrafts to help with disaster relief in Andhra Pradesh
IL-76 aircrafts from Halwara and Bhatinda to airlift more than 200 NDRF personnel and tons of relief material to Vijaywada and Shamshabad to help aid the NDRF efforts in Andhra Pradesh, confirmed the Indian Air Force Media Co-ordination Centre on Monday. In a post on X, the Indian Air Force confirmed that the two aircrafts were used to airlift 242 NDRF personnel and 30 tons of relief materials for the state and multiple helicopters are also on standby. «Late last evening, @IAF_MCC swiftly responded to the call for augmenting NDRF effort. Two IL-76 aircraft took off at dawn from Halwara and Bhatinda, airlifting 242 NDRF personnel and 30 tons of relief material to Vijayawada and Shamshabad. Helicopters are also on standby in the affected areas, ready to provide further assistance.» the post read. Earlier today, Chief Minister Chandrababu Naidu inspected the flooding situation in various areas of Vijaywada.
02.09 / 09:57
UPS Provident Waters Assurant Food show Unprecedented rains, likely highest in past 30 years, leave Khammam flooded; govt gets relief work underway
Khammam (Telangana): Unprecedented widespread rainfall for the past couple of days has caused great deal of difficulty to the people to the people of Khammam district. Khammam District Collector Muzammil Khan has described the floods as «unprecedented» and one that was not witnessed in the region for the last 30 years «We are experiencing severe floods in our district unlike in the past 30 years because of the 200mm rains. I appreciate all the work taken up by the officials, public representatives and others over the past 2 days. We could save many lives because of this,» said Muzammil Khan while speaking to ANI.
02.09 / 08:28
Provident security Food pandemic Justice Courts SC asks Centre to apprise about compliance of 2021 verdict on welfare measures for migrant workers
Supreme Court on Monday asked the Centre to file an affidavit giving details about compliance of its 2021 judgement and subsequent directions on providing ration cards and other welfare measures to the migrant workers. The top court, in June 29, 2021 judgement and subsequent orders, had passed a slew of directions to the authorities asking them to undertake welfare measures, including giving ration cards to all migrant workers, who were distressed during the COVID-19 pandemic, registered with the 'e-Shram' portal. The 'e-Shram' is a comprehensive National Database of Unorganised Workers (NDUW) launched by the Union Ministry of Labour and Employment with a primary aim to facilitate delivery of welfare benefits and social security measures to unorganised sector workers across the country. «The Union of India is directed to file a comprehensive affidavit explaining the steps taken in compliance of the judgement dated June 29, 2021 and other subsequent orders. Such an affidavit will contain all the details of steps taken on any direction issued via main judgement and subsequent orders. This must be done within the period of three weeks,» said a bench comprising justices CT Ravikumar and Sanjay Karol.
02.09 / 01:57
markets economy Food pandemic War show Why inflation fell without a recession
without deep recessions. The Federal Reserve will probably soon join central banks in Europe in cutting interest rates, bond yields have fallen sharply since the summer and stockmarkets have shrugged off a growth scare that struck at the beginning of August. America’s economy was in fact bigger in the second quarter of 2024 than had been forecast before the covid-19 pandemic struck.
02.09 / 01:18
markets UPS Digital Strategy Southern Food reports Adani's shopping plans: Three food companies, a billion-dollar wallet
₹51,261.63 crore in FY24, primarily caters to food and FMCG customers in the western, central and northern India. "The group is planning to acquire a company from southern India engaged in the spices and ready-to-cook food business. Another company the group plans to take over is from eastern India.
02.09 / 00:06
markets UPS FIVE Coca-Cola Food wellness reports Dabur, Jubilant owners bid for stake in Coca-Cola's India bottling arm HCCB
Burman family of Dabur and promoters of Jubilant Group, the Bhartias, are separately closing in on a 40% stake in Hindustan Coca-Cola Beverages (HCCB) for Rs 10,800-12,000 crore ($1.3-1.4 billion), said executives aware of the development. This values Coca-Cola India’s wholly owned bottling subsidiary at Rs 27,000-30,000 crore ($3.21-3.61 billion). The two sides submitted bids over the weekend, said the people cited.
01.09 / 16:44
Provident Align Southern Food Wildlife country reports Namibia plans to butcher 723 wild animals including zebras, hippos, impalas, and even 83 elephants, for meat!
Namibia is planning to cull 723 wild animals, including 83 elephants, to feed the country amid the worst drought in a century, the New York Times has reported. Nearly half of the country's 1.4 million people are in a hunger crisis. The move aims to provide food and reduce dangerous encounters between humans and wildlife due to scarce resources, the report added. According to Namibia's Ministry of Environment, Forestry, and Tourism, the plan is «necessary» and aligns with the constitutional mandate to utilize natural resources for the benefit of Namibian citizens. The strategy of harvesting wild animals for food is not uncommon. Rose Mwebaza, director of the United Nations Environment Programme's Africa Office, stated, «Well-managed, sustainable harvesting of healthy wild animal populations can be a precious source of food for communities.» Drought is impacting a significant portion of southern Africa. The U.N. World Food Program noted in June that over 30 million people in the region are affected. Benjamin Suarato, spokesperson for the U.S. Agency for International Development, mentioned that droughts are a familiar issue in southern Africa, with several occurring in the past decade, including from 2018 to 2021. However, this particular drought is especially severe and wide-reaching, said Juliane Zeidler, country director of the World Wildlife Fund in Namibia.
01.09 / 16:21
markets WhatsApp Food Death patient medicines Biocon unit gets USFDA nod for generic drug
Biocon said its subsidiary has received approval from the US health regulator to market a generic medication to treat chronic heart failure. Biocon Pharma has received approval of its ANDA for Sacubitril/Valsartan Tablets, in 24 mg/26 mg, 49 mg/51 mg and 97 mg/103 mg strengths, from the US Food and Drug Administration (USFDA), the company said in a regulatory filing. Sacubitril and valsartan combination is used to treat chronic heart failure in adults to help reduce the risk of death and hospitalisation. The medicine is also used to treat paediatric patients over the age of one year.
01.09 / 12:17
markets UPS Food Trade DAL show National weather forecast: Cloudy with a chance of price falls
tur dal prices alone have shot up 60% in two years—Prakash said he has been forced to grow his own food. “We had to reduce the quantity of nutritious items like pulses and vegetables in our diet. We almost never buy and cannot afford any fruit other than the occasional banana," he explained.
01.09 / 10:15
markets Action Food trends Cycling show Updates Why does RBI’s position on rate cuts remain difficult despite rising possibility of Fed rate cuts in September?
Fed is no longer cryptic about its stance on rate action. In its Jackson Hole speech, it clearly signaled its intent to start cutting rates, potentially beginning with the September policy meeting. The bond markets and the US dollar index have reacted accordingly. The US 10-year yield has softened, and the dollar index has sharply dropped to a seven-month low, approaching the 100 level. In light of such a dynamic shift, one would expect a corresponding impact on Indian G-sec yields. Contrary to these expectations, the Indian 10-year yield has remained steady, showing no signs of softening. This reluctance can be attributed to the fact that the RBI will have limited room to adjust its monetary stance, despite the potential leeway from the US Fed's policy shift. The key to understanding this lies in India’s unique inflation dynamics. Let’s explore this further.
01.09 / 05:21
UPS Waters Food Research wellness Chocolate's future could hinge on success of growing cocoa not just in the tropics, but in the lab
From California to Israel, companies are aiming to grow cocoa beyond the tropics in a bid to buffer chocolate's key ingredient from climate change
01.09 / 05:20
UPS Food film Diversity country hospital innovations Robot waiters in Kenya create a buzz. But there are concerns about what it means for human labor
The Robot Cafe in Kenya's capital, Nairobi, is creating a buzz by using preprogrammed robots to deliver food to customers
01.09 / 05:04
Waters security Food trends travelers prevention Features Best Prestige cookers to buy in 2024: Find your perfect kitchen appliance, top 10 picks
Reasons to buyReasons to avoidThe Prestige Svachh Deluxe Stainless Pressure Cooker is a modern and stylish option for today's kitchen. It features a unique lid that prevents any spillage, making it a great choice for busy households.
31.08 / 17:58
Waters Extreme WhatsApp Food show country Department September to witness above average rainfall
India is likely to see above-average rainfall this month and a delayed withdrawal of monsoon showers, the weather office said, raising concern that it may hit output of kharif crops such as pulses, oilseeds, and fruits and vegetables. Rainfall is likely to be more than 109% of a 50-year average, Mrutyunjay Mohapatra, director-general of the India Meteorological Department (IMD) said on Saturday. Above-normal rainfall is likely over most parts of India, except some parts of the extreme north, many parts of south peninsular India, and most parts of the northeastern region where normal to below-normal rainfall is likely.
31.08 / 12:59
UPS Citi Art Food DISH Features Turning the pages of Gwalior’s food history
puran poli and pohe to mutton barbat, pasande and Nepali ande as part of the city’s culinary landscape, offering a taste of Maharashtra, Gujarat, Awadh, and Nepal in the heart of Madhya Pradesh. Like many old cities, Gwalior too has witnessed the rise of many dynasties, including the Guptas, Tomars and the Scindias, movement of people due to marriage, wars and work, and more.
31.08 / 12:52
Action Enterprise Food Healthcare rights International Ircon, Deepak Fertilisers among 98 stocks with dividend, bonus, split, rights issue next week. Do you own any?
Ircon International, Deepak Fertilisers and Sapphire Foods among a host of other companies are likely to remain in focus next week as they are approaching their record dates for the purpose of dividend, bonus issues, rights issues and stock split. The record date is the date set by the company to decide the shareholders who are eligible to receive the offer. To be eligible for a buyback offer, bonus issue or a stock split, the shares should be in the demat account on the record date.
31.08 / 06:33
markets UPS IPO Booking Mobile Food IPO Calendar: 2 new issues, 11 listings on investors' radar next week
Indian IPO market has witnessed a notable upswing recently, driven by strong market sentiments and robust macro environment. In the upcoming week, two companies are gearing up to launch their IPOs, one in the mainboard and the other in the SME segment. In the mainboard segment, the public offer of Gala Precision Engineering will open for subscription next week, while Jeyyam Global Foods will unveil its IPO for investors in the SME space.
31.08 / 06:12
Manufacturing security WhatsApp Food pandemic country ET World Leaders Forum: India has a special China problem, over and above the world’s China problem, says Jaishankar
Dr S Jaishankar said at the ET World Leaders Forum referring to the challenges that the world faces in today's time. Jaishankar explained that there are different forms of risks that pose a threat to the globe, including pandemics and climate change. In a conversation with ET's Pranab Dhal Samanta, Jaishankar said that risks are coming out of changes happening in the world. With respect to the emerging risks, the EAM said that every government today is constantly and cautiously assessing risks. These risks also expand to the global supply chain, he added.

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