Food Financial News

Zomato has stopped using AI-generated food images. Artists and several others have also come out against such images. While there might be a compelling case for AI-generated images in some instances, platforms have to ensure transparency.

Aurobindo Pharma subsidiary Eugia Pharma Specialities, which manufactures sterile injectables, the US Food and Drug Administration (USFDA) has raised "data integrity" issues at the company's Unit-3 facility at Pashamylaram near Hyderabad in Telangana. The letter, issued on August 15, was later made public by the USFDA, which stated that there was failure to ensure the accuracy of data in records for both production and process simulations, i.e. media fills. Media fill is a microbiological test to help prevent contamination during drug production. «Your procedure requires testing of all (b)(4). While you documented testing of all of the (b)(4), your operators did not test all of the (b)(4) used during manufacturing of sterile injectable drug products,» the USFDA stated.

Clothes, travel, food, liquor, flowers: There’s no end to expenses when it comes to traditional weddings

Indian shoppers are continuing to buy from retail chains especially when it comes to premium products and during big discount days or festive periods, as per a latest study by market researcher NielsenIQ. The study shows that these big shopping periods contribute 20% of incremental sales for FMCG and 60% for consumer electronic products. Non-food categories grow 1.8 times faster than food during these periods, driven by deep discounts and consumer preference for non-essentials. Categories such as toothpaste, toilet soap, and washing powder lead the charge, benefits with 20-30% incremental sales during big days, it said.

Tasty Bite Eatables Ltd.(up 10.58%), Adani Wilmar Ltd.(up 10.00%), Patanjali Foods Ltd.(up 4.37%), LT Foods Ltd.(up 3.87%), Varun Beverages Ltd.(up 3.66%), Gillette India Ltd.(up 2.86%), Dabur India Ltd.(up 1.81%), JHS Svendgaard Laboratories Ltd.(up 1.64%), Prataap Snacks Ltd.(up 1.64%) and Umang Dairies Ltd.(up 1.60%) stood among the top gainers.

credit cards with airport lounge access are immensely popular. Airport lounges are a terrific place for frequent fliers to get away from the stress and commotion of waiting for planes. Airport lounge access credit cards in India give users with free or covered admission to airport lounges that offer special privileges and services. These amenities may include pleasant waiting areas, food, drinks, Wi-Fi, showers, and quiet spots to work or rest. Note that credit card holders should check whether your credit card gives you complimentary access at the selected airport.

Indian retail industry ranks fourth globally and accounts for more than 10% of India’s gross domestic product (GDP). Rising disposable incomes, rapid urbanisation, technological advancements, increased brand awareness, and improved shopping experience are significant growth drivers of the retail industry. Within this fast-paced industry, two players have captured the nation's attention with consistent growth in revenue and profits.

Recently, writing in the Economic Survey, the chief economic advisor observed that it is worth exploring whether India’s inflation targeting regime should focus on non-food inflation. The reasoning was that monetary policy is more effective in counteracting price pressures that arise out of excess aggregate demand, whereas food inflation is usually on account of supply constraints. In contrast, the Reserve Bank of India (RBI) governor recently spoke after the monetary policy meeting and observed that food inflation is a major factor in determining inflationary expectations and therefore continues to be a matter of concern.

Amul, has been recognized as the strongest food and dairy brand globally, according to the Brand Finance Food & Drink 2024 report. In a post on X (formerly Twitter), Amul posted, «We are pleased to inform you that Amul is ranked as the strongest food brand and strongest dairy brand in the world as per Food & Drink 2024, the annual report on the most valuable and strongest food, dairy & non-alcoholic drinks brands by @BrandFinance, world's leading brand consultancy» The annual report by Brand Finance, a global brand valuation consultancy, highlights the growing influence of Amul in the international market.

Noel Tata, Chairman of the CII Africa Committee and Chairman of TATA International Ltd. emphasized the growing need for innovative financial strategies to overcome challenges in India-Africa trade at the 19th edition of the CII India-Africa Business Conclave in New Delhi. He particularly highlighted the concept of Rupee trade as a potential solution, stating, «To address these challenges, we are exploring the concept of Rupee trade.» Tata underlined the importance of building mutual trust between financial institutions in India and Africa, stressing that this would pave the way for broader private-sector participation.

core inflation, which excludes volatile food and fuel prices, as doing so would be counterproductive, according to a study. The paper by think-tank National Council of Applied Economic Research addresses the ongoing debate among policymakers over whether food prices should be stripped from inflation targeting. Economists argue that this approach is not feasible in a country like India, where food makes up nearly half of the consumer price index basket. “Neglecting food price inflation that diverges from target for an extended period can have negative consequences,” economists including NCAER’s Poonam Gupta wrote in the study.

Neville Tata, 32, has taken charge as head of Star Bazaar, signalling the rise of the next generation of Tatas. Star Bazaar is the hypermarket unit of Trent Ltd, which houses the Tata Group’s retail businesses. Neville is the son of Trent Ltd chairman Noel Tata, the half-brother of Tata Group patriarch Ratan Tata who is chairman emeritus of Tata Sons, the conglomerate’s holding company. Neville was on the board of Trent Hypermarket, the grocery retailing subsidiary, as a non-executive director but has stepped down from that post as he takes on a more executive role, executives close to the development said. He was associated with the hypermarket business a few years back, then went overseas to study, sources said. Trent Ltd has identified its hypermarket business as the next growth driver. P Venkatesalu is the CEO of Trent Ltd.

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The owner of 7-Eleven convenience stores has received a buyout offer for from Canada’s Alimentation Couche-Tard

The Malawian government has received an insurance payout of $11.2 million for an El Nino-linked drought that led to a disaster declaration in the southern African nation

Disney is no longer asking a Florida court to dismiss a wrongful death lawsuit on the grounds that the victim’s family had signed up for its streaming service Disney+

economic agenda at a campaign rally in North Carolina, a Republican swing state, focusing on lowering costs, and hoping to usher in what she called an 'opportunity economy' — 'Everyone, regardless of who they are or where they start, has an opportunity to build wealth for themselves and their children.' Harris' proposed economic plan follows up Bidenomics. Except that this time around, Harris — and Trump, in his own way — has embraced the idea of a strong federal government that would use its authority to manipulate markets to create a more robust and wealthy economy. However, neither Harris not Trump has, till date, presented a thorough policy framework. Harris has called for a reduction in the price of food, housing, medicine and other living expenses. A large portion of Joe Biden's last presidential budget — and brief re-election campaign — are being expanded upon by Harris. The strategy calls for significant tax hikes on corporations and high earners to support middle-class and low-income workers. Simultaneously, it offers substantial tax advantages to businesses involved in activities that Democrats believe yield significant economic benefits, such as building affordable housing, or developing technologies required to combat global warming.

Canada, has temporarily suspended the entry of new temporary foreign workers for low-wage jobs in the Montreal area. As a result, applications for jobs in the Montreal area paying less than $27.47 per hour will be paused for six months, starting September 3. The decision will not apply to the construction, agriculture, food processing, education and social services sectors. This comes after the country's temporary foreign worker program was described as a 'breeding ground for contemporary forms of slavery' in a report by UN investigator Tomoya Obokata, according to an article in Canada's leading daily, the Globe and Mail.

Zomato shares worth Rs 4,771 crore via block deals on Tuesday. The stake sale which involved selling of over 18.54 crore shares was done in two block counts of 9.27 crore shares each. The shares were sold at a price of Rs 257.46 and Rs 257.17 which was at a premium of 2.3% over the floor price of Rs 251.68, ET Now had reported on Monday quoting agencies.

The annual rate of inflation cooled to 2.5 per cent in July, Statistics Canada said Tuesday, the slowest pace for price growth since March 2021.

Tasty Bite Eatables Ltd.(up 9.91%), Zydus Wellness Ltd.(up 4.42%), Dangee Dums Ltd.(up 4.03%), JHS Svendgaard Laboratories Ltd.(up 3.84%), ADF Foods Ltd.(up 2.67%), Prataap Snacks Ltd.(up 2.08%), Euro India Fresh Foods Ltd.(up 1.84%), Jyothy Labs Ltd.(up 1.42%), Gillette India Ltd.(up 1.34%) and Patanjali Foods Ltd.(up 1.16%) stood among the top gainers.