APEX FROZEN FOODS LTD Q4 RESULTS
India Inc sales growth accelerates to 19.4 per cent in Q1 FY27, manufacturing leads recovery: RBI
Indian companies show stronger sales growth entering fiscal year twenty twenty seven. Manufacturing sales accelerated significantly, driven by key industries like automobiles. Operating profit growth also jumped across major sectors, improving margins. Companies faced elevated input costs, which impacted raw material expenses. However, improved pricing power helped absorb these higher costs effectively.
India Inc revenue growth to moderate to 13-15 pc in Q2; margins to contract: Report
India Inc's revenue growth is projected to contract to fifteen percent in the September quarter. Operating profit margins are expected to compress by over one percentage point. Domestic consumption sectors show better growth than export-linked ones. Below-normal monsoon may impact rural consumption and food inflation. Corporate earnings will show healthy revenue growth and constrained operating profit margins.
India Inc’s revenue growth to moderate to 13-15% in Q2 FY27; margins under pressure: ICRA
India Inc’s revenue growth is expected to moderate to 13-15% in Q2 FY27 from 21.3% in Q1, ICRA said. Higher input costs could squeeze margins, while domestic consumption supports growth and weak global demand pressures export-oriented sectors.
Devyani International shares rally 4% after revision in Sapphire Foods merger plan
Devyani International witnessed an uptick on Thursday after the company said its merger with Sapphire Foods India remains on track, while a proposed secondary share sale involving Sapphire Foods Mauritius and Arctic International has been called off. The share-swap ratio remains unchanged, but the revised deal alters the expected post-merger promoter holding.
Aluminum foil isn’t just for leftovers: These clever freezer uses can help prevent food from sticking and freezer burn
Using aluminum foil can effectively separate portions of frozen food while preventing freezer burn. It helps keep your freezer organized, especially for irregularly shaped items that may be hard to find later. However, ensure foil does not obstruct freezer vents to maintain air circulation. Acidic or salty foods generally should not have prolonged contact with the foil, and for long-term storage, consider using airtight containers or bags.
In 2023, NASA grew tomatoes for 100 days aboard the space station; ground plants produced more than 100, while the space crop yielded 12 and was not eaten
NASA's tomato experiment on the International Space Station faced major hurdles in microgravity, where watering issues resulted in uneven moisture levels and stressed plants. Out of the entire endeavor, only twelve tomatoes succeeded in ripening, demonstrating the stark differences in yield compared to Earth. Unfortunately, astronauts were unable to sample the crop due to contamination concerns. This experience underscores the crucial role of Earth in agricultural practices.
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In 2015, NASA astronauts ate space-grown lettuce in orbit for the first time; fresh food may also help support crew morale on long missions
Astronauts aboard the International Space Station made history by eating lettuce that was grown in microgravity. This significant event shows the successful result of the VEG-01 experiment, which confirmed that the Veggie growth chamber can produce safe food for astronauts. This achievement not only showcases innovation in space agriculture but also sets the stage for future endeavors in long-duration space travel and missions to Mars.
MTAR Tech shares rally 3%, extend gains for second session. What’s triggering the surge?
MTAR Technologies shares gained 3% after the company secured a Rs 127 crore order from Nuclear Power Corporation of India for coolant channel assemblies used in reactor refurbishment. The order takes its civil nuclear order book above Rs 775 crore, while the company expects 80% revenue growth in FY27 and sees further opportunities from reactor refurbishment and new nuclear projects.
ETMarkets Smart Talk | Large caps look better for next 24 months, but hidden gems remain in smallcaps: Divam Sharma
Sharma sees a stronger case for large caps over the next 24 months, particularly given the steep valuation premium commanded by small caps.
RBI warns food, fuel costs could reignite broader inflation
Most high-frequency indicators showed sustained manufacturing and services activity in July. Merchandise exports and imports experienced double-digit expansion, continuing Q1 momentum. Headline consumer price index inflation edged up, primarily due to supply-side pressures. Stable core inflation reaffirmed lower pass-through of cost pressures to consumers. Liquidity conditions eased, supporting credit growth and foreign capital inflows.
Put kosher salt in a cast iron skillet: Why Good Housekeeping recommends it for removing burnt food residue
Kosher salt serves as an excellent cleaning agent for burnt food residues on cast iron skillets. Its natural abrasiveness and soft texture work together to eliminate grime without compromising the protective seasoning of the pan. Unlike traditional scrubbers, salt's mild friction helps maintain the polymerized oil layer which gives cast iron its unique properties. Additionally, cooking in such pans may contribute trace amounts of dietary iron, enhancing the health benefits.
In 2022–2023, Bar-Ilan University grew tomatoes between 24 tracking solar modules; the most shaded rows saw fruit yields fall by up to 57%
Research conducted by Bar-Ilan University delved into the concept of agrivoltaics, where solar panels and crop growth coexist. The findings showed a marked decrease in tomato yields due to shading effects from the panels. Yet, in arid climates, this shading might alleviate drought pressures on crops. To maximize the effectiveness of agrivoltaic installations, optimizing the arrangement of panels and crop rows is vital, aiming to harmonize food and energy production.
Q1 earnings show resilience, but downside risks still loom. HSBC explains why
Indian companies delivered better-than-expected Q1FY27 earnings, with around 70% of firms meeting or beating HSBC’s estimates. Mid- and small-cap companies led growth, while financials drove earnings upgrades. However, HSBC flagged risks of downgrades in coming quarters as elevated commodity prices persist and the benefits of GST cuts and inventory gains fade.
FDA suspends licenses of five restaurants at Mumbai Cricket Association over hygiene issues
Maharashtra Food and Drug Administration suspended five restaurant licenses due to hygiene concerns. The FDA also urged consumers to avoid unsealed edible oil, citing safety issues. This action follows the Chief Minister's directive to frame standard operating procedures. These procedures aim to prevent edible oil adulteration while protecting traditional businesses. The government seeks a balanced approach between strict enforcement and vendor livelihoods.
Infosys Q1 bonus payout averages 70%, down 10 percentage points from a year ago
During the April-June quarter, Infosys maintained an average performance bonus of 70%, consistent with the previous quarter but lower than the previous year. Notably, employees in job levels four and five received marginally higher bonuses. The broader technology sector is currently grappling with reduced spending and economic uncertainty, creating apprehension among employees who are now seeking clarification on annual salary hikes.
Rs 7.3 trillion InvIT market sees investor base surge 17% as Q1 payouts rise 15% YoY
India’s InvIT sector saw investor participation surge 17% sequentially to 6.53 lakh unitholders in Q1 FY27. Distributions rose 15% to ₹5,923 crore, while AUM increased 13.7% year-on-year to ₹7.3 lakh crore, reflecting stronger investor confidence and consistent cash flows.
'Entering the endgame': US Treasury Secy Bessent says "economic D-Day" begins against Iran
US Treasury Secretary Scott Bessent has declared an “economic D-Day” against Iran, saying Washington will use its full range of powers to sever Tehran’s economic lifelines. Iran has threatened to halt oil exports through the Strait of Hormuz and called participation in the US campaign an act of war, escalating tensions.
Two dog food manufacturers recall products within days over metal and salmonella contamination risks: Everything pet owners need to know
Two dog food companies issued recalls in August 2026 for contamination concerns. Fromm Family Foods recalled canned dog food over potential metal fragments. Oma's Pride recalled raw dog food due to Salmonella contamination risks. Three dog illnesses were reported in connection with the Oma's Pride recall. Both companies are coordinating voluntary recalls with the US Food and Drug Administration.
Flies, cockroaches, fake cheese: Maharashtra FDA suspends licences of 7 Mumbai food establishments over hygiene lapses
Maharashtra FDA suspended seven food establishments for severe hygiene lapses and product adulteration. Inspections revealed live flies, cockroaches, and fake cheese being used by some businesses. The FDA also seized large quantities of adulterated dairy products and prohibited gutkha statewide. These actions followed intensive statewide inspection drives conducted on August 19-20, 2026. Suspended businesses cannot operate until all violations are fully rectified and cleared.
Maharashtra FDA suspends licences of Radio Club, Khar Gymkhana, 11 others for violation of hygiene norm
The Maharashtra Food and Drug Administration (FDA) has suspended the food business licences of Bombay Presidency Radio Club, a McDonald’s outlet in south Mumbai and 12 other food establishments across the state for alleged food safety and hygiene violations.
Expensive living? Inflation hits coriander to cars in India
Consumer goods companies are increasing prices and reducing pack sizes. Automobile manufacturers and tyre companies also announced significant price hikes. Rising commodity and energy costs are pressuring company margins. India's retail inflation has moved above the Reserve Bank of India's target. Policymakers are watching for broader inflation spread across the economy.
Before air conditioning, America shipped lake ice as far as Kolkata; up to two-thirds melted en route, and the rest could cost 10 times more than beef
Frederic Tudor embarked on an unprecedented journey by transporting ice from the ponds of New England to the sweltering climate of Calcutta. This daring enterprise required a lengthy four-month expedition, marked by two crossings of the equator. Due to substantial loss during transit, ice became a luxury item savored by the affluent and colonial leaders in Calcutta, exemplifying humanity's quest for coolness long before the era of refrigeration.
The Economic Times Startup Awards 2026: Nominees for Startup of the Year and Midas Touch
Happy Friday! We are excited to bring to you the 12th edition of The Economic Times Startup Awards (ETSA). A few days before our esteemed jury convenes to pick the winners, we reveal nominees for the most coveted categories: Startup of the Year and Midas Touch for the best investor.
Piyush Goyal pitches Singapore as springboard for India’s agri-food exports
Indian ministers promoted agricultural exports in Singapore through a special roadshow event. This initiative aims to expand Indian farmers' and food manufacturers' market presence. The event focused on diverse products including organic items and millets. This effort supports strengthening bilateral trade and economic cooperation between India and Singapore. Discussions also covered enhancing digitalization and sustainability partnerships.
Walmart sees Q3 growth hit as Flipkart shifts Big Billion Days sale
Walmart expects Flipkart’s Big Billion Days sales event moving from Q3 to Q4 to weigh about 100 basis points on growth next quarter. The company said India drove growth in Walmart International’s operating income and advertising revenue. Flipkart is also expanding its quick commerce arm, Minutes, which crossed 1,000 dark stores in June.
Power Finance Corporation and REC shares fall up to 3% after Morgan Stanley downgrade
PFC and REC shares fell on Thursday after Morgan Stanley downgraded both stocks to Equal-Weight and cut their target prices. The brokerage flagged slower loan growth and lowered earnings estimates for FY28 and FY29. The downgrade comes ahead of the proposed PFC-REC merger, with both stocks already under pressure.
RBI MPC puts Q3 rate hike in play if inflation risks show up big
Indian monetary policy makers may tighten rates in the third quarter if inflation risks materialize. Higher food and fuel prices could lead to broad-based inflation, prompting action. Inflation is projected to peak at 5.9% in Q3 2026-27, signaling potential policy shifts. The central bank remains watchful of global economic turbulence and its domestic impact. Monetary response is warranted if inflation expectations become de-anchored or persistent.
India widens export basket: Amrapali mangoes, premium cherries, frozen French fries find new markets
India has facilitated fresh agricultural and processed food exports in July. These items found buyers in new overseas markets, widening the country's export palette. Shipments included mangoes, cherries, French fries, and turmeric to various nations. Exporters are stepping up efforts to diversify markets beyond traditional commodities.
Cochin Shipyard shares fall 4% as Q1 profit declines 19%, revenue sees marginal growth
Cochin Shipyard shares came under pressure after the shipbuilder reported a sharp year-on-year decline in Q1FY27 profit, while revenue grew only marginally. EBITDA and margins also weakened during the quarter, keeping the stock in focus after the results.
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