Food
Foodtech platform HealthKart raises $135 mn from Temasek, A91 Partners
"Driving fitness and preventive health by addressing the nutritional gaps is a systemic trend which is taking off in a big way in India. With HealthKart's R&D capabilities and omni-channel distribution infrastructure, we are excited to lead the way," said Sameer Maheshwari, Founder and CEO, HealthKart.
Wheat prices being closely monitored: Government
Food Secretary Sanjeev Chopra said while addressing media persons that the ban on wheat exports has led to a rise in stock availability. Wheat prices, Chopra said, have gone up only by 7 per cent in retail. However, he added that if the hike in MSP is considered then the price rise is only around 5 per cent. He further said that wheat and rice stocks position is comfortable and much above the government's buffer requirements. Government had banned exports of wheat in May this year to boost domestic supplies and control prices.
Agricultural products exports rise 25% in April-September 2022-23
According to the provisional data released by the Directorate General of Commercial Intelligence and Statistics (DGCI&S) on Wednesday, the overall export of Agricultural and Processed Food Export Development Authority (APEDA) products increased to $13,771 million in April-September 2022 from $11,056 million over the same period of the last fiscal.
Zomato integrates grocery delivery via Blinkit on main app in pilot test
The pilot test is currently being organised at select circles in Delhi-NCR, and after analysing the response, it will be expanded to other cities as well, according to company sources. Currently, those part of the pilot project can order for a minimum order value of Rs 150 via Blinkit on Zomato's main app, while on Zomato, it remains Rs 49. Once the acquisition of Blinkit is closed, Zomato will experiment with cross leveraging its customers base for Blinkit and vice versa, its Founder and CEO Deepinder Goyal has stressed.
Wheat prices record spike, touch Rs 2,500 per quintal mark in Delhi mandis
According to traders in Delhi, the heat wave led to lower production of wheat this year, impacting the domestic supplies of the agricultural produce. Jai Prakash Jindal of Delhi Lawrence Road Mandi said that the prices have been going up daily since the last few days. "Even today the rate went up by Rs 30 and now the price here is Rs 2,550 per quintal.
Swiggy adopts permanent work-from-anywhere policy
The decision was arrived at based on team needs and feedback from several managers and employees who vouched for the flexibility and increased productivity working from home has given them in the last two years, the company said in a statement. Under the new policy, the corporate, central business functions and technology teams will continue to work remotely and converge once every quarter at their base location for a week to promote in-person bonding.
Zomato allots shares worth Rs 200 cr to staff at Rs 1 face value
"We wish to inform you that the nomination and remuneration committee of the board of directors of the company at its meeting held on July 25, 2022, has approved the allotment of 4,65,51,600 equity shares having a face value of INR 1 each, as fully paid-up, to identified employees of the company and its subsidiaries upon exercise of vested options," the company said in its note.
Chaayos raises $53 million to expand stores, hire talent
The latest round saw participation from existing investors Elevation Capital, Tiger Global and Think Investments. Founded in 2012 by Nitin Saluja and Raghav Verma, Chaayos runs 190 stores across six cities and plans to add 100 more by the end of this year. "The latest capital raise will help us deepen our technology investments to further enhance our guest experience and build a ubiquitous brand that is an integral part of Indian society over decades to come," said Saluja, Founder and CEO.
India aims to double marine product exports to Rs 1 lakh Cr in 5 years
"This target will be achieved through sustainable fishing, ensuring quality and variety, promotion of coastal shipping and aquaculture, and by supporting the entire fisheries ecosystem," said Goyal, addressing the mediapersons at the Marine Products Export Development Authority (MPEDA), Kochi.
World food commodity prices declined modestly in May: FAO
The FAO Food Price Index averaged 157.4 points in May 2022, down 0.6 per cent from April. The Index, which tracks monthly changes in the international prices of a basket of commonly-traded food commodities, however, remained 22.8 per cent higher than in May 2021. The FAO Cereal Price Index increased by 2.2 per cent from the previous month, led by wheat prices, which were up 5.6 per cent from April and 56.2 per cent from their corresponding value a year earlier.
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