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RBI's) inflation targeting regime has worked well and need not be abandoned in favour of a more discretionary regime that could be risky and counterproductive, a new research paper has said. The paper titled 'Inflation Targeting In India: A Further Assessment' said the weight of food-price inflation in the CPI inflation basket should be reduced to better reflect the circumstances of Indian households. «The RBI's inflation targeting regime has worked well. Given this record, radical changes such as broadening its mandate or abandoning the target in favour of a more discretionary regime would be risky and counterproductive,» it said. The paper is authored by economists Barry Eichengreen (University of California, Berkeley) and Poonam Gupta (NCAER).

Penn Mutual Asset Management CIO Mark Heppenstall joins ‘Mornings with Maria’ with his perspective on several U.S. economy headlines.

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₹1,500 each into the bank accounts of many beneficiaries of the Mukhya Mantri Majhi Ladki Bahin Yojana. The scheme pays out that amount each month to women in the age group of 21 to 60 with an annual household income of less than ₹2.5 lakh. News reports suggest that 1.6 crore women have applied for the benefit.

Benchmark indices ended on a flat note in a lacklustre trade on Monday, as investors preferred to remain on the sidelines awaiting further triggers. In today's trade, shares of IndusInd Bank, Zomato, Saraswati Saree Depot, HCL Tech, Poly Medicure among others will be in focus due to various news developments. IndusInd Bank

ET reported on April 17 that new entrants have been withholding major investments in UPI, waiting to get a sense of the market share rule. PhonePe and Google Pay dominate UPI payments. The government, though, is yet to indicate its official stand to the National Payments Corporation of India (NPCI), which manages the UPI railroad.

Arctic permafrost may now be dangerous to everyone. Josh West, a professor of Earth Sciences and Environmental Studies and co-author of the study, led a team of experts that recovered soil above the permafrost three meters below the Yukon River's surface. In 2012, scientists from the University of Southern California succeeded in identifying high lethal doses of dangerous mercury; still, toxic chemicals threatening the safety of everyone are stored in the Arctic permafrost. Scholars have warned the world of an impressive ‘giant mercury bomb’ that may soon explode. Also Read: Bosch: Legacy Season 3 — Release window revealed, upcoming plot and cast

RBI) may need to continue with disinflationary monetary policy and it has to remain cautious as the pressure stemming from persistently high food prices is spilling over into other components of inflation and shaping household perceptions on prices, a central bank article said. «Food price shocks may lie outside the realm of monetary policy, but when they result in food inflation acquiring persistence and spilling over into other components of inflation and into consumer behaviour, the monetary policy must be disinflationary to quell these price pressures in order to achieve its mandate of price stability and thereby retain credibility,» deputy governor Michael Debabrata Patra said in the article, co-authored by Joice John and Asish Thomas George. They said that the country is facing the danger of losing the beneficial effects of low core inflation if food prices cannot be anchored. Core inflation has been restrained through monetary policy tightening.

Tata Consumer Products Ltd on Monday said it has closed its rights issue of Rs 3,000 crore. The company had opened the issue on August 5, Tata Consumer Products Ltd (TCPL) said in a regulatory filing. The meeting of the capital raising committee of the board of the company held on July 23, 2024, approved the terms of the issuance of equity shares face value of Re 1 each by way of rights issue for an amount aggregating up to Rs 2,997.77 crore, it added.

rural economy is emerging as a key driver of the Fast-Moving Consumer Goods (FMCG) sector's revival, hinting at a robust turnaround in aggregate demand after a sluggish start to the 2024-25 financial year. The Reserve Bank of India (RBI) in its monthly bulletin noted that with rising incomes and improving infrastructure, rural consumption is increasingly fuelling volume growth in FMCG products, underscoring the sector's strengthening fundamentals. The sector registered an approximate 6.6 per cent volume growth in the first quarter of FY25.

Mary Daly, president of the San Francisco Fed and voting member of the Bank's Open Market Committee, told the FT that the latest data provided her some reassurance that inflation was now under control. US inflation dips below 3% for the first time since 2021 US inflation fell below 3% for the first time since in three years last week (15 August). This was followed by better than expected results from July's US retail and food services sales. Daly spoke ahead of the Bank's annual gathering in Jackson Hole Wyoming this week, where leading members of the Fed and market participants...

Brokerage firm Systematix has initiated coverage on Patanjali Foods with a 'Buy' rating and a target price of Rs 2,259. This represents an upside potential of 24% from the previous closing price of Rs 1,828.50 per share. In its coverage initiation, Systematix highlighted Patanjali Foods' aggressive palm oil plantation plan within its edible oils business. The brokerage firm noted, «Patanjali is poised to leverage the strong premiumisation drive in its foods business.»

Burger King, and Pizza Hut, prompting these companies to go aggressive on value offerings in the market. Whether it's the emergence of modern food brands attracting venture capital (VC) investment for expansion or the rise of Zomato and Swiggy, which provide consumers with easy access to a wide range of food options via their smartphones, global QSR giants have been facing challenges in drawing customers to their locations. Westlife Foodworld, which operates McDonald’s chain of outlets in West and South India, said at the company’s Q1 earnings call: “….there’s obviously been pressure in terms of customers entering our restaurants”.

Zomato on Monday jumped 6% to hit a fresh 52-week high of Rs 280 on BSE after the global brokerage firm UBS raised the target price on the new-age stock from Rs 260 to Rs 320. «We increase our GMV estimates for food delivery (+2-3%) and quick commerce (+20-30%) for FY26-28e following the strong Q1 and solid guidance. Our adj EBITDA estimates for the next 1-2 years are up only slightly as investments in building supply for quick commerce will likely result in a more modest margin trajectory,» UBS said in a note while maintaining a buy call.

₹305 crore. It should be noted that the company’s profit had grown at a CAGR of 33% over FY22-FY24. Interestingly, IRCTC is one of the few public sector stocks that is still quoting below its high of ₹1,279 apiece made on 19 October 2021 even as the S&P BSE PSU Index has more than doubled since then.

The Food Safety and Standards Authority of India conducted inspections, sampling and testing of mixed spice blends after Hong Kong suspended sales of some blends of the MDH and Everest brands in April over high levels of a pesticide. Britain then tightened controls on all spice imports from India, while New Zealand, the United States and Australia have said they were looking into issues related to the brands.

Burger King Corporation has lost a 13-year-old legal battle against its namesake eatery in Maharashtra's Pune after a district court dismissed a suit filed by the company alleging trademark infringement. Pune district judge Sunil Vedpathak, in the order on August 16, said the city-based eatery 'Burger King' was operating even before the US burger joint opened shop in India and that the latter failed to prove the local food outlet had infringed its trademark. The court dismissed the 2011 suit filed by the Burger King Corporation, seeking a permanent injunction restraining infringement of trademark, passing off (the trademark as theirs), as well as monetary damages. The suit, filed against Anahita Irani and Shapoor Irani, owners of the Pune-based Burger King food joint, also sought Rs 20 lakh as damages.

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Kaushik Basu on Saturday said India needs to tame inflation that disproportionately affects people who spend a large chunk of their income on food and could exacerbate inequality. «Even if inflation is at 5.1%, food inflation is at 30%. For someone spending 50% of their income on food, that 30% food inflation is hitting them significantly harder despite government programmes like PM Gareeb Kalyan Yojana providing some relief,» Basu said at a Delhi School of Economics event to mark its 75 years of existence. Basu, who served as the chief economic advisor to the central government under the United Progressive Alliance regime, also underscored the importance of the next 10-15 years for lower middle-income category countries such as India to unleash the demand for labour.

India hired around 152,000 people in the first half of 2024, up 14% from the previous six months but 9% lower than a year earlier, a survey has found. More than 75% of the hirings were to replace employees who had left. The gross hirings included attrition-linked replacement of about 118,000 employees and a net addition of 34,000, according to the survey conducted by specialist staffing firm Xpheno for ET, tracking data from 125 global capability centres (GCCs) that account for nearly three-fourths of India's total GCC headcount of 1.6 million. GCCs in semiconductor manufacturing, oil & gas and food & beverage services accounted for the largest number of net additions, both in the first half of 2024 and in the 12 months ended June 30, 2024, the survey has found.

Is it pasta-de Nadal — a pasta liked by the tennis maestro? I started reading the phrase 'Pastel de Nata' in a couple of British food columns. I still wasn't paying attention, so I continued to think this PdN was a) Spanish, b) a savoury. Then I read some descriptions that identified it as 'a sweedish item', as my school mess manager used to call desserts and puddings. Finally, I understood that this 'Swedish' item was Portuguese. Last year in Oxford, I saw something called a pasteleria — Portuguese for bakery — had opened, and there was a long queue outside. Walking past it one day, I saw the queue wasn't there so I leapt in. 'Hi, can I please have one of those...?'