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India's GDP Growth Projected to Approach 7.5% in 2024-25: NCAER Report
The June monthly economic review highlights that the optimistic outlook is driven by strong economic activity in the first quarter, focused policy measures on investment and growth, macroeconomic stability, and the anticipation of a normal monsoon season.
Wow! Momo Secures Rs 410 Crore in Latest Funding Round Led by Khazanah and OAKS
The funds raised will be utilized by Wow! Momo to fuel the growth and expansion of its QSR brand. Additionally, the company plans to invest in distribution, research and development (R&D).
FAO Reports: Global Food Prices Index Witnesses a 10% Decline in 2023
Grains and cereals, the index's largest component, observed a 1.5% price rise in December. Nevertheless, they concluded the year 16.6% below the levels recorded in December 2022, according to FAO data.
Unusual weather in Himachal led to rise in tomato prices, situation under control now: Consumer Affairs Secy
IANS: Amid rising prices of tomatoes, government had to intervene by selling them at cheaper prices through its own outlets. How much has been the subsidy burden? Singh: Subsidy burden has not been much, as the idea was to push prices down. A signal had to be given to the market that unnecessary hike cannot be permitted.
Tomato-nomics: Tomato price may come down soon
The good news is that with the arrival of the July-November crop season, the prices may ease. “On sequential basis, the average retail price of tomato went up by 38.5 per cent in June. On wholesale basis as well, tomato price rose by 45.3 per cent in the same period,” said Dipanwita Mazumdar, Economist at Bank of Baroda, in the report.
Government may consider reducing import duty on wheat to curb rising prices, says FCI Chairman
Food Corporation of India (FCI) Chairman Ashok Meena told media persons that to bring down wheat prices, there are several options available and if need arises, then import duty on wheat may also be reduced. There is 40 per cent import duty on wheat currently.
Sugar prices rise as output likely to be 9% lower than last year
From Rs 41.05 per kg on April 2, the retail price of sugar rose to Rs 42.30 per kg on May 2. Similarly, wholesale prices too have risen by Rs 124 per quintal during the past one month. From Rs 3,805 per quintal on April 2, wholesale prices of sugar have risen to Rs 3,929 per quintal as on May 2.
Disbursed over Rs 31 cr in claims to delivery partners in FY22-23: Swiggy
They receive comprehensive insurance coverage, including accidental medical coverage, maternity leave, and income support during accident recovery. The company has been providing insurance to its delivery partners since 2015.
Cloud kitchen operator Curefoods raises Rs 300 cr to diversify offline
The round, consisted of primary and secondary equity and debt, also saw participation from IronPillar, Chiratae Ventures, ASK Finance and Winter Capital. Curefoods said it aims to use the money to expand its geographical reach and diversify its brands into offline formats, from the current online-only cloud kitchen presence. "Our investors understand our brand vision very well and are aligned to our long-term goal of creating multiple 500 crore brands," said Ankit Nagori, Founder of Curefoods.
McDonald's temporarily shuts US offices, plans major layoffs
According to Wall Street Journal, the Chicago-based burger major told US employees, and some international staff, "that they should work from home from Monday through Wednesday so it can deliver staffing decisions virtually".
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