Food Financial News

N Biren Singh had discussion about the situation in the state with Union Defence minister Rajnath Singh.

The Federal Reserve’s favored inflation measure remained low last month, bolstering evidence that price pressures are steadily cooling and setting the stage for the Fed to begin cutting interest rates this fall

A key question is looming for Vice President Kamala Harris as she edges closer to gaining the Democratic presidential nomination: Can she turn the Biden-Harris economic record into a political advantage in a way that President Joe Biden failed to do

MUMBAI : Nestlé India Ltd’s shares have dropped by about 3% since its June quarter (Q1FY25) results were announced on Thursday. The numbers mark a substantial slowdown in growth of the packaged foods company with revenue increasing by a mere 3.3% year-on-year. This is the lowest print since the Maggi crisis in 2015 (excluding the June 2020 Covid quarter), said analysts from Kotak Institutional Equities.

Supreme Court on Friday continued its interim order of staying directives issued by authorities of certain State governments that eateries along the Kanwar Yatra route should display the names of the owners outside such shops.

Jubilant Foodworks Ltd. fell 0.02 per cent to Rs 578.0 in Friday's trade as of 01:03PM (IST) even as the benchmark Nifty ruled at 24728.65, up 322.56 points. The scrip had closed at Rs 578.15 in the previous session. The stock quoted a 52-week low of Rs 420.85 and a high of Rs 593.7. The company quoted a market-cap of Rs 38188.54 crore on the BSE.

Sun Pharmaceutical Industries Ltd on Friday said the US health regulatory has approved its LEQSELVI (deuruxolitinib) drug for the treatment of adults with severe alopecia areata. The approval by the US Food and Drug Administration (USFDA) is for LEQSELVI (deuruxolitinib) 8 mg tablets, Sun Pharma said in a regulatory filing.

Sugar industry body ISMA on Thursday said it has presented a plan to the government to transform sugar mills into bio-refineries, aiming to boost production of sustainable aviation fuel and other green energy sources. The representatives of the Indian Sugar & Bio-Energy Manufacturers Association (ISMA) met with Food Minister Pralhad Joshi to discuss a policy framework for the transition, which would expand beyond current ethanol, bioelectricity, and biogas production, a statement said.

The boycott of Loblaw stores in May had only a “minor” financial impact on Canada’s largest grocers, according to the company’s CEO.

India's existence and across a series of budgets, one factor has remained constant: the economy's high dependence on the farm sector, thanks to its contribution to economic growth and consumption expenditure. So, it's good to see this budget putting the impetus on agriculture and its focus on more effective, efficient and climate-resilient public spending.

As daily temperatures hit record highs across much of the South, a federal judge has taken an unusual step, challenging the treatment of mostly Black incarcerated workers in the fields

rural market this fiscal, a report from Kantar Worldpanel said, depicting a strong positive outlook. This volume growth in the rural market stood at 4.4 per cent a year ago, while the urban volume growth is likely to remain flat at 4.2 per cent, it added.

1 Diabetes epidemics are evident in rural areas that are undergoing socioeconomic development and urbanisation.2 National Family Health Survey (NFHS) reports state that diabetes poses a significant threat to households nationwide.3 With lifestyle factors and urbanisation fuelling the diabetes epidemic, a dynamic approach is essential.

Colgate ka to gate khul gaya, Nestle ka to panchhi urne wala hai, Pantene ka to pant gila hone wala hai, aur do saal me Unilever ka lever kharab ho jayega (Colgate’s gate has opened; Nestle’s bird [the Swiss company’s logo] has flown, Pantene’s pants are going to get wet, and in two years, Unilever’s lever will fail)." A month earlier, speaking to reporters in Bengaluru, he had said, “Colgate will be below Patanjali by this year (in terms of revenue), and in three years, we will overtake Unilever." Such was his confidence back then that Patanjali Ayurved, the company he had co-founded with Acharya Balkrishna, would send the multinational corporations (MNCs) that had lorded over India’s fast-moving consumer goods (FMCG) landscape for decades packing. In the end, however, the Patanjali founders failed in that endeavour as the MNCs took a leaf out of their ayurvedic playbook to beat them at their own game.

Sharks off the coast of Rio de Janeiro, Brazil, have been found with cocaine in their systems, as revealed by a study published in the Science of The Total Environment. Researchers from the Oswaldo Cruz Foundation discovered cocaine in the muscle and liver tissues of 13 Brazilian sharpnose sharks. This contamination is largely due to inadequate sewage treatment facilities and clandestine refining operations.

Apple Maps aims to deliver a robust navigation tool without the necessity of a dedicated app.Moreover, users can directly order food from the place card within Maps, adding an extra layer of convenience. The curated Guides feature assists users in finding recommended restaurants, shopping venues, and points of interest in various cities, making it a valuable tool for both daily use and travel navigation.In the future, Apple aims to roll out additional features, including Look Around, which provides interactive 3D street-level views akin to Google Maps' Street View.

Jubilant Foodworks Ltd. traded 0.09 per cent down at Rs 580.65 at 12:33PM (IST) on Thursday, even as BSE benchmark Sensex dropped 195.62 points to 79953.26. The scrip had settled at Rs 581.2 in the previous session. The stock quoted a 52-week high price of Rs 593.7 and 52-week low of Rs 420.85, respectively. As per BSE data, total traded volume on the counter till 12:33PM (IST) stood at 12070 shares with a turnover of Rs 0.7 crore.

Parle Products, continues to be India's top FMCG brand, according to the latest edition of Brand Footprint, Kantar Worldpanel’s annual ranking of the most chosen consumer brands in India. In fact, seven of the top 10 brands are owned by homegrown companies.

When helping others, volunteers also help themselves

Eleven years into Venezuela’s crisis, the days of food shortages are virtually gone