Food Financial News

business cycle is turning at a sickening speed and another one already seems to be on its way. If you are like most people, your memory of downturns will be dominated by the past two—the financial heart attack in 2007-09 and the pandemic-induced collapse in 2020. Both were severe and highly unusual.

Goan crime being foiled. Thieves broke into the premises of a maker of chouriço, Goa’s spicy pork sausages. Local dogs, probably lusting after the sausages themselves, raised an alarm and the owner trapped the two thieves in the smoking room. Did the thieves eat the sausages as they waited for arrest? Food theft is one of the oldest crimes. In Christopher J Garcia’s entertaining book Food & Crime, he writes that the oldest legal texts, like the Codes of Ur-Nammu and Hammurabi include food related proscriptions. He also notes it is one of the broadest crimes: “It starts with piddly little pilfering, such as walking off with a pack of gum from the checkout line, then continues through to the highjacking of entire convoys of shellfish.” Garcia suggests that food theft works on CRAVED principles: “Concealable, Removable, Available, Valuable, Enjoyable and Disposable.” Cheese fits most of these parameters. Garcia notes that “the Centre for Retail Research estimates that four per cent of all cheese produced is stolen”. This is almost a million tonnes of stolen cheese. It is easily melted or cut into different forms and can be worth a lot, especially artisanal European cheeses made with unpasteurised milk, which are banned in the US.

hobbit” humans on the Indonesian island of Flores, a new team has found fossils that are even smaller and even more ancient.The original hobbit fossils — named after the fictional race in The Lord of the Rings — date back to between 60,000 and 100,000 years ago. The species was dubbed Homo floresiensis, referring to the island of Flores where they were found, and scientists estimate they stood about 3.5 feet tall.

₹33,000 and more, this is the perfect opportunity to upgrade your household with top-of-the-line appliances at incredible prices. Whether you're looking to replace an old washing machine or invest in a high-efficiency refrigerator, this sale has something for everyone.Choose from advanced washing machines with features like smart controls and energy-saving technologies to refrigerators designed to keep your food fresher for longer, the range of options is vast. Brands like Samsung, LG, Whirlpool, and more are offering their best models at steep discounts, making it easier than ever to find the right appliance for your home.These deals won’t last long, so now is the time to explore the wide array of choices and secure the best offers.

Godrej Agrovet (GAVL) on Saturday said it will set up an Oil Palm Processing mill with an initial capacity of 10 tph (tonnes per hour) in Dhalai district in Tripura. The company's Oil Palm Plantation business (OPP) will be setting up the Oil Palm Processing mill. The mill is expected to be up and running by 2026, with an initial capacity of 10 tph, the company spokesperson told PTI. The company currently operates a nursery in Dhalai district with a capacity of 3 lakhs saplings per year and plans to increase it to 5 lakhs saplings per year, the company said in a statement.

Howl’s Moving Castle (2004), wizard Howl cooks a breakfast of fried eggs and fatty bacon and serves it with a sourdough slice to Sophie and Markl. The meal was simple but hearty and had an instant visual connection with the audience. To bring this connection to life, Bento Bento will be serving Studio Ghibli classics such as Satsuki’s Bento Box from My Neighbor Totoro (1988), ramen from Ponyo (2008), onigiri from Spirited Away (2001) and of course, Howl’s breakfast.

ICICI Bank, RailTel, CONCOR and Coal India 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 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.

₹20,000 makes it easy! These budget-friendly cooling solutions offer a blend of efficiency, style, and ample storage space, ensuring your food stays fresh and organised.With numerous brands and models available, it's essential to choose one that fits your needs without compromising quality. From energy-efficient designs to sleek aesthetics, our top 10 picks cater to various preferences and requirements, whether you need a compact option for a small kitchen or a spacious model for a larger family.Each refrigerator on this list has been carefully selected based on performance, features, and customer reviews, ensuring you make an informed decision.

Amazon India had distributed 10,890 shelter kits to over 10,000 families across 34 districts, stated the company. These kits, tailored to meet immediate needs, include essential items such as tarpaulin sheets, ropes, soaps, dental hygiene products, buckets, mosquito nets, and sanitary pads.

dal poori in Mauritius, but one which is very different from the original, and which is rooted in East Africa," he says. These kinds of culinary adaptations became more marked just after the partition of India in 1947—an unprecedented migration of people in history. In May 2020, The Partition Museum, Amritsar, spent a week highlighting food memories related to this.

PARIS—Carlos Yulo won two Olympic gold medals for the Philippines. As it turned out, that was just the beginning of the gymnast’s epic prize haul. At home, he will get a congressional medal and at least $350,000 from the government.

inflation is not yet under control, the RBI's latest assessment warns against a hasty return to monetary accommodation. The conviction that India is insulated from global economic slowdowns and in a growth acceleration phase has also diminished. The RBI now anticipates downside risks to growth due to falling corporate profits and reduced government spending.

Varun Beverages Ltd. traded 2.12 per cent up at Rs 1519.05 on Friday at around 11:01AM (IST), while the benchmark BSE Sensex advanced 780.23 points to 79666.45. As many as 18,122 shares changed hands on the counter with a total value of Rs 2.74 crore.

₹439 crore for the quarter ended June in FY25. Its net profit grew 1.7% year-on-year to ₹35.4 crore for the same period. “Our strategic emphasis on premiumization and strong branding has positioned us to capture a greater market share," Anoop Bector, managing director of the company said in a recent investor presentation.

Even as the US central bank seems set to pivot to monetary easing soon, the Reserve Bank of India (RBI) appears in no hurry to do likewise. Its Monetary Policy Committee’s (MPC) decision on Thursday showed no sign of softening its inflation focus. Not only did it leave the central bank’s repo rate—through which it modulates short-term lending to regular banks—unchanged for the ninth successive time at 6.5%, it hasn’t budged on its long-held “withdrawal of accommodation" stance.

Federal food safety officials say three people have now died in a listeria food poisoning outbreak linked to Boar’s Head deli meats

Cookbook author and TV personality Sandra Lee is a co-host and judge on a new Netflix competition series called “Blue Ribbon Baking Championship" out Friday

A week is a long time in politics," said former British prime minister Harold Wilson, briefing journalists at the time of a sterling crisis. It was in the mid-1960s and Wilson was referring to the far-reaching fallout of the crisis. Close to 60 years later, I could perhaps be pardoned for tweaking Wilson’s quote to suit the world of macroeconomics.

NEW DELHI : India’s retail inflation is expected to have dipped below the Reserve Bank of India’s medium-term target of 4.0% in July, marking the first time since September 2019. The Consumer Price Index (CPI) inflation is expected to drop to 3.6% in July from 5.1% in June, primarily due to the statistical effect of a high base last year, according to a median estimate of 21 economists polled by Mint. "With the year-on-year inflation pulled lower by base effects, it will be more constructive to look at momentum in prices to understand the extent of inflationary pressures," said Barclays in a report earlier this week.

Ola Electric prepares to list later this week, founder Bhavish Aggarwal is busy charging up his 14-year-old ride-hailing business, according to people in the know. His latest efforts are directed towards tapping the red-hot quick commerce sector and is Ola’s second attempt at the business. Ola Cabs parent firm ANI Technologies plans to set up its own dark stores amid rising demand for rapid deliveries, said these people. Dark stores are small neighbourhood warehouses that stock products delivered by these services. These will be operated by Ola, people briefed on the matter said, adding that robots will be deployed to reduce human involvement. The company also plans to launch its own Unified Payments Interface (UPI) offering for consumers, said the people cited. Aggarwal is likely to unveil these initiatives at its annual Independence Day event on August 15. However, these plans may undergo changes.

Food that goes uneaten at the Paris Olympics is helping those in need around the French capital