FOOD FOR CITIES IMPROVING
Food delivery market size to cross Rs 2 lakh crore by 2030: Bain-Swiggy report
The online food delivery market in India is on a significant growth trajectory, with Zomato leading in market share. Swiggy's overall gross order value has been increasing, as reported by Prosus. By 2030, the industry is set to witness substantial expansion, driven by convenience and improved customer experience.
Food services market in India to reach Rs 10 lakh crore by 2030: Report
The food services market in India is set to reach Rs 10 lakh crore by 2030, with an estimated customer base of up to 45 crore, driven by an 18 per cent CAGR in online food delivery. Currently valued at Rs 5.5 lakh crore, the market is expected to grow at 10-12 per cent annually, with online delivery contributing 20 per cent by 2030, fueled by expanding customer base, digitisation, and regional diversity.
Madhya Pradesh: 5 children die of suspected food poisoning at Indore shelter home; 38 hospitalised
Two more children have died in a suspected food poisoning incident at Indore's Shri Yugpurush Dham Baudhik Vikas Kendra, raising the death toll to five. The number of children undergoing treatment for symptoms has also increased to 38, with four in critical condition. All the children are undergoing treatment at Government Chacha Nehru Hospital, with four admitted to the Intensive Care Unit ward.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 25%
Every now and then the nifty keeps witnessing volatile movement, the difference this week was amidst all the intraday volatility because the bias of volatility has changed, nifty was able to touch a new high. Also because market breadth was positive, the trend for the majority would be bullish. Given the fact that macros are shaping for good, it appears that there is no reason for bulls to leave their control any time soon. While being bullish, be ready for a phase of volatility. In such times, if one is taking fresh exposure to equity, ensure that there is some level of quality as far as the business and fundamentals are concerned. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
Swiggy’s revenue up 24% in calendar year 2023; quick commerce unit economics improve: Prosus
Prosus, the largest shareholder in Swiggy, reported a 24% revenue growth for the year ended March 31, 2024, with Swiggy's gross order value increasing by 26% year on year.
Israeli troops launch attacks in central Gaza, possibly widening their offensive
The Israeli military has expanded its ground offensive in Gaza, intensifying operations in Deir al-Balah and Bureij. This escalation comes amid worsening humanitarian conditions, with UN agencies warning of potential mass starvation. Tensions are also high in Jerusalem as an annual march through Palestinian neighborhoods proceeds. Meanwhile, Israel seeks to extend the shutdown of Al Jazeera's local offices, and Prime Minister Netanyahu has vowed to restore security along the Lebanese border following Hezbollah rocket attacks.
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From phones to fries: Flipkart users may soon be able to order food via ONDC
Flipkart users may soon be able to order from various fast-food outlets and restaurants, such as Dominos and McDonalds, from Flipkart app. This development is noteworthy because the government started ONDC to counter the dominance of Amazon and Flipkart. Recently several top Flipkart executives met ONDC officials for the integration.
With the inauguration of a state-of-the-art kitchen facility in Hyderabad, we aim to be one of the biggest pure food services players in the country, shares Rohit Sawhney, CEO, Elior India
Elior Group, led by CEO Daniel Derichebourg and Elior India CEO Rohit Sawhney, inaugurates a new kitchen facility in Hyderabad, focusing on growth and innovation in the Indian market.
Cruel Summer: Rethinking how to live, work in a world that is getting warmer
As this year’s summer, with its extended heat waves and record temperatures, warns, how to adapt to a warmer world is no longer a hypothetical question. A new study by World Weather Attribution says climate change has made a 30-day heat wave in South Asia 45 times more likely and 0.85o C hotter. Experts say we need to rethink the kind of houses we live in and offices we construct, how we grow our crops and the way we look at the impact of heat on our bodies, even as we tackle reducing the use of fossil fuels.
From Bikaner to Blackstone: The success story of humble Haldiram's
Since 2016-17, several private equity firms including General Atlantic, Bain Capital, Capital International, TA Associates, Warburg Pincus, Everston have been talking with the Agarwal family for a minority stake or a controlling one. Haldiram's journey from humble beginnings with a bhujia recipe to a billions-dollar empire is the stuff of business legends.
Zomato Q4 earnings; Blinkit edges closer to profitability
Food delivery major Zomato reported a lower-than-expected quarterly profit of Rs 175 crore on Monday. Details on this and more in today’s ETtech Top 5.
Why are Indian spice companies facing global market heat, and what steps can regulators take to restore trust?
Global scrutiny on Indian spice industry post ethylene oxide contamination. Urgent need to enhance domestic market quality for export trust. Authorities and experts stress transparency and stringent measures for maintaining export integrity.
Vanishing vanaspati still plays an outsized role in calculation of WPI
Although the usage of vanaspati has significantly reduced, it remains a significant factor in calculating the Wholesale Price Index (WPI). In India, vanaspati consumption has dropped from approximately 6% of total cooking oil consumption in 2010-11 to about 3% in 2022-23. While household consumption of vanaspati has declined and shows no signs of reversal, it remains prevalent in processed foods and the baking industry.
Retailers to continue hiring in 2024, focus on tier 2, 3 cities : Report
In 2024, retail jobs surge with the operationalization of brands expanding from 2023, driving demand by 15-20%. E-commerce, despite startup leadership, faces hiring challenges. Logistics saw a dip. Retailers target fresh grads (52%) and experienced pros (38%). Tech adoption, sustainability, and skill development are key industry trends amid exponential e-commerce growth.
Innovative vending: How Daalchini Technologies is pioneering contactless, 24/7 food vending in India
Daalchini Technologies, founded in 2017, is transforming India’s retail sector by introducing IoT-enabled, contactless vending machines for food and snacks. So far, it has installed more than 2000 kiosks across 60+ cities.
US military ships are working to build a pier for Gaza aid. It's going to cost at least USD 320 million
Sabrina Singh, Pentagon spokeswoman, told reporters the cost is a rough estimate for the project and includes the transportation of the equipment and pier sections from the United States to the coast of Gaza, as well as the construction and aid delivery operations.
PhonePe’s Pincode exits non-food categories in ecommerce business rejig
PhonePe is restructuring its ONDC strategy by exiting several non-food categories. The Walmart-owned company unveiled its ecommerce venture Pincode on ONDC in 2023 offering grocery, food delivery, medicines, fashion and electronics among other categories on the network.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 44%
After the last few days of correction due to the crisis in the Middle east , the broader market indices like nifty and sensex once again rebounded. The way the market behaved it was clear that it is largely due to international reasons and market breadth was clearly showing signs that bears will have to wait before they can make any serious attempt to control the street. But because valuations are high, it would be better to still be cautious both the amount of exposure one is taking and more importantly the stocks which one is buying should have good fundamentals and the score should have seen some improvement. These selected stocks depict a strong upward trajectory in their overall average score. This implies that there has been a significant improvement in their market outlook in the given time frame.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 36%
While today the movement of the Nifty and Sense will make a number of people once again think about volatility. The fact is that when valuations are high, the probability of volatility hitting the street is always high. So, it would be better to stay ready for volatility both for domestic and global reasons. At this point of time, one cannot rule out more profit booking which can bring more damage to stock prices in the mid-cap segment. In such times, if one is taking fresh exposure to equity, ensure that there is some level of quality as far as the business and fundamentals are concerned. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
What heat waves spell for India: Impact on RBI, biz, food & GDP
Weather experts warn of increasing heat waves in India, impacting daily life, business, and economy. With hotter temperatures forecasted, power demand is expected to rise, putting pressure on power generation and potentially leading to power cuts. Heat waves can also disrupt food production, impacting prices and rural demand, affecting GDP growth.
Holy cities like Ayodhya, Varanasi attracting big retail brands: Report
Retail brands are expanding their presence in key Indian cities like Ayodhya, Varanasi, Amritsar, Puri, Tirupati, and Ajmer, as they capitalize on the surge in spiritual tourism. The report identifies Amritsar, Ajmer, Varanasi, Katra, Somnath, Shirdi, Ayodhya, Puri, Tirupati, Mathura, Dwarka, Bodh Gaya, Guruvayur, and Madurai as key cities witnessing this retail boom.
Retail brands flocking to religious cities with rise in spiritual tourism
According to CBRE, retail brands across segments, including fashion & apparel, food & beverage, hypermarkets, homeware & department stores and consumer electronics brands, are expanding by tailoring the offerings to the pilgrim’s needs.
Mumbai Pani Puri wala reveals how he went from earning Rs 5 a day to owning two luxurious flats
Once Arun Joshi earned a meagre wage of Rs 5. Today, he is the proud owner of a flourishing food business as well as a catering service. He also owns two flats.
McDonald's India to use word cheese in products as FSSAI and NABL verify quality
Westlife Foodworld, operator of McDonald's in West and South India, has been given a clean chit by Maharashtra FDA and FSSAI for the quality of cheese used in their products. The temporary renaming of products had a slight impact on the business.
New Delhi ready to negotiate hard on public stockholding of food and fisheries subsidies at Abu Dhabi WTO conference
"Implementation of proposals in the WTO is challenging. The previous agreement to temporarily remove intellectual property rights on COVID-19 vaccines and discuss extending the waiver to diagnostics and therapeutics appears unlikely to be implemented
If Modi wins, will bold economic reforms follow?
FM Nirmala Sitharaman, during the interim budget presentation, expressed confidence in Modi 3.0 becoming a reality, indicating that the same regime would present the full budget after the elections. With the potential re-election of the Narendra Modi government, questions arise about bold economic reforms. Suggestions include simplifying GST rates, implementing a three-rate system, and introducing a top-up tax mechanism for Indian MNCs.
E-commerce is revolutionising the entrepreneurial landscape in tier 2 and 3 cities
There are many inspiring stories of start-ups and entrepreneurs who have successfully scaled up and transformed their businesses by embracing e-commerce.
Stock picks of the week: 4 stocks with consistent score improvement and upside potential of up to 38%
While the reasons have been different at various points of time, in the last six weeks, Dalal Street has had occasional sightings of bears. The difference is that they are seen in different parts of the markets, some time in nifty, some time in mid-cap stocks. Last friday it was the turn of the mid-cap segment, the cut in mid-cap stocks were more as compared to nifty heavy weights. Given the fact the valuations are not very cheap, caution is visible on the street. It is time to take a step back, think and then make a decision both when buying and selling any stock. These selected stocks depict a strong upward trajectory in their overall average score. This implies that there has been a significant improvement in their market outlook in the given time frame.
For risk takers: 4 midcap stocks which have seen an improvement in score with potential upside of up to 37%
As nifty continues to form a new high every day, more number of mid-caps stocks are joining the party. Stocks from sectors like logistics, mid sized banks and FMCG have come to the list. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market.
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