FOOD CORPORATION OF INDIA

The Reserve Bank of India's latest bulletin highlights that India's economic slowdown in Q2 of 2024-25 has eased, with private consumption driving domestic demand, especially boosted by festival spending in Q3. Despite global economic resilience, th...

The Reserve Bank of India is concerned about rising core inflation. Core inflation, excluding volatile items, rose to 3.8 percent in October. The central bank says rising costs are impacting consumers and businesses. The RBI's Monetary Policy Commit...

India's Public Distribution System (PDS) has undergone a digital revolution, eliminating 5.8 crore fake ration cards through Aadhaar authentication and eKYC. The digitisation drive, covering 80.6 crore beneficiaries, ensures targeted food grain dist...

A new report reveals that India's Public Distribution System (PDS) suffers a 28% leakage of subsidized grains, amounting to 20 million tonnes annually. This equates to a ?69,000 crore loss, with grains likely diverted to the open market or exported.

SKFS Group is acquiring Mirah Hospitality & Gourmet for Rs 80 crore. Mirah Hospitality, which operates 30 outlets across its brands like Rajdhani, Bayroute and Hitchki, will become a 100% subsidiary of SKFS Group. Both companies are looking to expan...

India's economy is experiencing robust growth, projected to hit 7.2% in 2024, driven by strong consumer spending and investment. Despite recent inflation spikes due to food prices, Moody's predicts moderation and highlights India's strong economic f...

Economist Utsa Patnaik estimates that over 80% of India's rural population now consumes less than 2,200 calories daily. This signifies a decline in food and nutrition intake since the 1990s. Patnaik highlighted the impact of neoliberal policies and ...

The government approved an equity infusion of Rs 10,700 crore for FCI in the financial year 2024-25. This will boost the agricultural sector and ensure the welfare of farmers. FCI plays a crucial role in food procurement, stock maintenance, distribu...

The Indian government launched the second phase of its subsidized food grain program, offering wheat flour at Rs 30/kg and rice at Rs 34/kg through various outlets. This initiative aims to combat high food prices and provide relief to consumers.

This week, several companies including Coal India, Hindustan Unilever (HUL), and REC Ltd are scheduled for record dates related to dividends, bonus issues, and stock splits. Shareholders must own stocks before the ex-date to be eligible. Notable div...

Haryana and Punjab are progressing well towards their paddy procurement targets for the 2024-25 kharif marketing season, with 112 lakh tonnes already purchased. Despite a delayed start due to rains, procurement operations in both states are active, ...

A woman died and many others, including her two daughters, were hospitalised after eating momos from a street vendor in Hyderabad's Banjara Hills. The vendor was operating without a license and under poor hygiene. Police arrested two people and are ...

The Centre plans to move 40 lakh tonnes of rice from Punjab within the next three-four months and create space for 20 lakh tonnes more. This aims to alleviate the current storage crunch and ensure smooth paddy procurement in Punjab. FCI will handle ...

Despite positive economic indicators, quarterly results from major consumer sectors reveal a dip in urban demand, affected by high raw material costs and inflation. The Reserve Bank of India expects recovery during the festive season, while MPC memb...

In a week where the Nifty and Sensex lost more than 4%, looking at stocks from sectors facing multiple headwinds – some for over three decades – may not appear a great idea. But these are sectors that, backed by government policies, have a chance to...

The government plans to sell carbon credits through optimised logistics by the Food Corporation of India (FCI) to achieve carbon neutrality. FCI's digital transformation aims to streamline supply chain operations, reduce emissions, and cut costs, al...

State-owned Container Corporation of India (CONCOR) and 31 other companies have set September 18 as the record date for determining shareholders' eligibility for dividend payments. Today is the last day to buy shares to qualify for dividends. CONCOR...

Nifty closed the week with 2% gains, despite significant block deals totaling Rs 10,934 crore across large, mid, and smallcap companies. Tata Group's Trent led largecap block deals with Rs 715 crore, followed by Mankind Pharma, Tube Investments of I...

India plans to sell wheat from state reserves to bulk consumers like flour millers and biscuit makers to control local prices by boosting supplies. The government has allowed the Food Corporation of India to offer wheat at a lower price, aiming to a...