The government has claimed that a series of interventions in the past one year has resulted in “insulating the import of inflation” in the edible oil sector. It cited the data of how the international prices of major edible oils such as soyabean, sunflower and palmolein have gone up by more than 45% in the past one year while their domestic wholesale prices have increased by a maximum of 16%.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/anW7vCG
Thyssenkrupp and Tata Steel have lost their fight against a European Union antitrust veto of their proposed landmark joint venture, after Europe's second-highest court rejected their arguments.
Edible oil prices in the retail market have started easing with softening of international rates and the government's timely intervention, food secretary Sudhanshu Pandey said on Wednesday.
Kellogg said it will split into three independent companies, sparking a rally in the food conglomerate's shares. The maker of Froot Loops said the companies would focus on global snacking, North American cereals and plant-based foods - giving each greater autonomy and room for growth.
Punjab, Rajasthan, Kerala, West Bengal and Bihar have been identified as highly stressed states on fiscal parameters, an RBI-published study said. "For the five most indebted states, debt stock is no longer sustainable, as the debt growth has outpaced their GSDP (gross state domestic product) growth in five years," the study said.