Burger King has
scrapped tomatoes from its wraps and burgers in many Indian
outlets after prices more than quadrupled, the latest symptom of
surging food inflation that is hitting consumers hard. -Today at 04:32 am- MarketScreener
The tomato supply crisis has coincided with a surge in prices by as much as 450% to record highs as monsoon rains disrupted crop and supply chains - although they have since eased.
CPI Inflation Rises To 7 44 % As Vegetable Prices Skyrocket In July outlookindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from outlookindia.com Daily Mail and Mail on Sunday newspapers.
ITC has posted a 17.6% year-on-year jump in its net profit for the quarter ended June at ₹4,902.7 crore even as its board approved allotment of one share of its soon-to-be demerged hotel business for every 10 shares held in the company.