MUMBAI: RBI Governor Urjit Patel had opted for a moderate rate cut of 25 basis points arguing that low food prices were unusual and vulnerable to upward pressures, said minutes of the last Monetary Policy Committee (MPC) meet released today.Patel had also opined that effective transmission of policy rate was key to non-inflationary growth and banks have still space to cut lending rates.The RBI Governor-headed six-member MPC had met on August 1 and 2 to decide this fiscal's third bimonthly monetary policy.Based on the majority view at the MPC meet, the central bank reduced the key policy rate (repo) by 25 basis points to 6 per cent, although the industry and other stakeholders were expecting more than that.Four of the six members had recommended 0.25 per cent cut in repo rate . While external member Ravindra H Dholakia (Professor, IIM, Ahmedabad) suggested 0.5 per cent reduction, another member Michael Debabrata Patra (RBI Executive Director) was in favour of status quo.As per the minutes, Patel cautioned that "the present low level of food prices is unusual and is vulnerable to upward pressures".He said an assessment of whether the recent deflation in food items is sustainable, despite a normal monsoon, would require more hard data going forward.The RBI governor further said that effective transmission of a policy rate cut is the key to achieving the goal of supporting non-inflationary growth.cut food Governor key member MPC Patel policy rate RBI
NEW DELHI: Shares of Tasty Bite Eatables surged as much as 8.69 per cent on Wednesday after Mars Food signed a definitive agreement on Monday to acquire Preferred Brands International, which makes and markets Indian and Asian food products under the Tasty Bite brand.The scrip was trading 3.26 per cent up at Rs 5829.95. Shares of the company opened at Rs 6,003 and touched a high and low of Rs 6,137 and Rs 5,763.80, respectively, in trade so far.brand cent food international Mars Preferred Products Rs shares Tasty Bite
Yelp has announced a $287.5 million deal with GrubHub to sell its food-ordering business to Seamless' parent company, and Jim Cramer sees heaps of potential in the pairing.
The all-cash deal will not only sell Yelp's Eat24 delivery app to GrubHub, but connect the two companies in a partnership that will allow Yelp users to order online directly from GrubHub.announced business Cramer delivery food giant GrubHub ordering tech Yelp
On a monthly basis, retail sales increased 0.6 percent from June to July (seasonally adjusted), and sales were up 4.2 percent from July 2016. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline).Retail sales ex-gasoline were up 0.7% in July.The second graph shows the year-over-year change in retail sales and food service (ex-gasoline) since 1993.basis ex gasoline food increased July June Retail sales seasonally shows
Eighteen months or so ago, I thought GEA Group (OTCPK:GEAGY) (G1AG.DE) looked fully valued despite the long-term attractiveness of a leading company in the food/beverage automation and equipment market.
GEA Group's dairy processing end-market, which is responsible for around 20% of sales, is likely to struggle for another year or so, but farming, food/beverage, brewing, pharmaceuticals, and industrial markets (including oil/gas) are looking better.business costs equipment food food beverage GEA growth management market product
I have been an on-again-off-again bull on Target (TGT) in the past couple of years as the company has been negatively impacted by industry trends but more recently, has found ways to buck those trends. I was out with a bullish position a few weeks ago and given two recent news items, I’m even more bullish than I was.Amazon consumer delivery food grocery huge push store things traffic
In a time when the grocery shopping experience is undergoing a change, in audience, service, and merchandising, a name in the food retail industry is making quite the footprint: Aldi.
Today, Aldi Nord operates 2,500 stores in Belgium, the Netherlands, Luxembourg, France, Poland, Spain, Denmark, and Portugal, as well as specialty grocery chain Trader Joe's in the U.S.; ALDI Süd operates 1,600 stores throughout the U.S., Austria, Slovenia, the United Kingdom, Ireland, Australia, and Switzerland.Aldi brand chain customers food grocery product Shopping specialty store
Mondelez International (NASDAQ: MDLZ) stock and several of its peers in the food industry have underperformed the S&P 500 over the last five years.
Still, Mondelez stock is up about 61% since late 2012, which is much better than some of its peers, including The Hershey Company (NYSE: HSY) , Kellogg's (NYSE: K) , and General Mills (NYSE: GIS) , which are up anywhere from about 35% to 45%.Brands earnings food grow growth higher management Mondelez stock years
Amazon.com, Inc. (NASDAQ: AMZN ) has already made clear moves toward bolstering its food delivery business, with the purchase of Whole Foods Market, Inc. (NASDAQ: WFM ) earlier this year and a trademark filing for a meal-kit delivery service. Now, it appears Amazon is exploring new food technology that produces prepared meals without refrigeration as it develops its food delivery and meal-kit services.Amazon AMZN Apron com delivery food Inc meal meal kit ready to
About the only economic news of real consequence this week was Friday's inflation report, which showed surprisingly low inflation for the month of July on both a month-to-month and year-over-year basis. In other news, data from the National Federation of Independent Business suggested that concerns about finding workers have reached a new recovery high.data decline food gasoline inflation inflation rate month productivity recession year over
Food Minister on Saturday said the has no immediate plans to further hike from the existing 10 per cent.
On March 28, an of 10 per cent was imposed on to curb in view of record domestic output at around 97.44 million tonnes in 2016-17 crop year (July-June).cent crop duty existing food hike minister plans Saturday tonnes
The last quarter confirms that the turnaround is on pace, but the stock hasn't responded yet. For full-year 2017 (its fiscal year ends earlier than the calendar year), the company earned $1.74, up 34% from last year – that's powered by heavy cost-cutting, savings on interest expenses, and the share buyback.brand business ConAgra food Hormel management recent sales stock year
I view Blue Apron (APRN) as more of a mix of a fine dining and casual dining restaurant than as an upscale grocery store. Taking into consideration this point of view, I calculate what I believe will be their future gross margin in 2021.Apron base casual dining feel fine dining food gross margin meal multiple Scenario
Blue Apron Holdings Inc. (NYSE: APRN) is scheduled to release its second-quarter financial results before the markets open on Thursday — its first earnings report as a public company.
Much of the pressure being felt in Blue Apron stock is from Amazon’s newest trademark application on a phrase that refers to prepared food kits.analyst Apron earnings food market net public rating Revenue stock
A new report at Consumer Reports shows that while consumers have mixed feelings about so-called sin or behavior taxes, among the 42% who favor them, the majority approve of taxing sugar-sweetened beverages as a way to combat obesity in America. Among the higher-profile attempts to cut the consumption of sugary drinks has been the tax on these beverages by cities such as Philadelphia and Seattle, and Michael Bloomberg’s attempt to ban jumbo sodas when he was mayor of New York City.calorie consumer diet food higher obesity rate report soda Sugar