Got milk? You probably don’t. Or you do, and it’s just a splash in your coffee. Or you do, but it’s not from a cow. advertisement And so Dean Foods, the largest U.S. milk producer, announced this morning that it has filed for chapter 11 bankruptcy protection. The Dallas-based company’s brands include DairyPure, TruMoo, Land O Lakes, Country Fresh, Dean’s, Garelick Farms, and Friendly’s. Dean Foods also said that it’s in “advanced discussions” with Dairy Farmers of America, a Kansas-based national cooperative owned by family farmers, about selling substantially all its assets. “Despite our best efforts to make our business more agile and cost-efficient, we continue to be impacted by a challenging operating environment marked by continuing declines in consumer milk consumption,” Eric Beringause, who became president and CEO three months ago, said in a statement. The decline can be blamed on everything from … [Read more...] about Here’s why milk giant Dean Foods just went bankrupt (blame millennials and Walmart)
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Sugar has a lot in common with tobacco and alcohol: it triggers pleasurable feelings, it can cause health problems when overused, and it’s addictive (though the jury may still be out on that one). Unlike the latter two substances, sugar products don’t come with added taxes or any barrier to obtaining them. Anyone can legally binge on sugar, regardless of age. But maybe this shouldn’t be the case. Maybe we’d all be better off if sugar was treated like a potentially dangerous substance. advertisement advertisement Scientists at UCSF argue in a recent issue of Nature that added sugars, defined as “any sweetener containing the molecule fructose that is added to food in processing,” should be regulated by the government. The researchers, one of whom is well-known for his views on the dangers of sugar, have come up with a convincing list of reasons why we need to take serious measures: Sugar can induce hypertension, insulin resistance, high … [Read more...] about Should The Government Regulate Sugar Like Tobacco?
Billionaire investor Rakesh Jhunjhunwala rejigged his stake in 10 companies in September while keeping his stake constant in 15, data collated on October 18 shows.Jhunjhunwala increased his stake in five companies which include names like Federal Bank, VIP Industries, Agro Tech Foods, NCC and TV18 Broadcast. These stocks have fallen 9-40 percent so far in 2019, according to data collated from AceEquity.As of October 18, 25 companies in Jhunjhunwala’s portfolio have released their shareholding data for Q2FY20. Of these, 80 percent of the stocks have given negative returns on a year-to-date (YTD) basis.Close related news BSE, NSE shut today on account of Guru Nanak Jayanti Reporter's Take | Spouses of H-1B Visa holders can work for now in the US 3 Point Analysis | Should investors look at Raymond post restructuring Shares of DHFL plunged more than 90 percent, followed by The Mandhana Retail (65 percent), Autoline Industries (60 percent), and … [Read more...] about Rakesh Jhunjhunwala raises stake in 5 stocks which fell up to 40% in 2019
Hamdard Laboratories' iconic Rooh Afza drink, which had gone missing from store shelves in peak summer season and during the Muslim fasting month of Ramzan, is back in production."We at Hamdard continue our long tradition of providing health and wellness to our customers," a statement from Hammad Ahmed, CEO at Hamdard, said, as reported by Mint. "As always, we strive to maintain and grow the relationships we have fostered with them."Ahmed added that the production of the summer staple was on in full capacity and a "well-planned distribution infrastructure" would ensure reach across the country.Close The announcement comes through amid speculation that a family feud at Hamdard was behind Rooh Afza's disappearance, even as the company had denied this. related news Retain current eligibility criteria for establishments in OSH Code: CII Aditya Birla Fashion and Retail Q2 net loss at Rs 2.35 crore Jaypee Infratech insolvency: Lenders to meet on Nov 18 to … [Read more...] about Rooh Afza back in stores as Hamdard resumes production
The Reserve Bank of India (RBI) has decided to finally fall in line with what the bond markets were suggesting by increasing its repo rate to align with market rates after a prolonged pause. All members of the Monetary Policy Committee (MPC) voted in favour of the rate hike.RBI hiked repo rate by 25 basis points to 6.25 percent and reverse repo to 6 percent.Following are the key highlights of the MPC policy:Maintains neutral stance: MPC has maintained its neutral stance of monetary policy in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 percent.Inflation revised upwards: MPC has projected CPI inflation for 2018-19 to 4.8-4.9 percent in H1 and 4.7 percent in H2, including the HRA impact for central government employees, with a possibility of upside risk. Excluding the impact of HRA revisions, CPI inflation is projected at 4.6 percent in H1 and 4.7 percent in H2. The policy in April had kept the CPI inflation in the range … [Read more...] about RBI announces 25 bps hike in repo rate; 10 key takeaways from RBI policy