Latest news with #D-Mart
Indian Express
02-06-2025
- Indian Express
Maharashtra FDA books Mumbai-based firm for reselling expired food products after repackaging
The Maharashtra Food and Drug Administration (FDA) recently initiated legal proceedings against a Mumbai-based firm, Khushi Trading, for allegedly repackaging expired food products and reselling them in the market. The firm in Ghatkopar has also been accused of operating without a valid food safety licence and violating prior stop-business orders. According to FDA officials, the crackdown was conducted following inputs from Minister of State for FDA Yogesh Kadam and under the supervision of Joint Commissioner (Food) Mangesh Mane. An official said a surprise inspection on May 22 at the firm's premises in Cozmongie Estate, Ghatkopar (West), uncovered serious lapses, including the absence of an FSSAI licence, unhygienic storage conditions, and evidence of procurement of expired and near-expiry goods from retail giant D-Mart, which were allegedly being repackaged for fresh sale. 'This poses a direct threat to public health… The firm was found flouting multiple provisions of the Food Safety and Standards Act, 2006, including hygiene norms laid out in Schedule 4,' said a senior FDA official. Despite being issued a stop-business order by Food Safety Officer Abhinandan Randive on May 22, a follow-up inspection on May 29, conducted along with Assistant Commissioner (Food) Anupamaa Balasaheb Patil, revealed that the firm had resumed operations without permission, in violation of regulatory directives. Following this, an FIR was registered at the Ghatkopar police station under Section 223 (disobedience of lawful orders) of the Bharatiya Nyaya Sanhita (BNS) and Section 55 (penalties for failing to comply with the food safety officer's directions) of the Food Safety and Standards Act, 2006. FDA officials have confirmed that an internal investigation is ongoing to determine the extent of D-Mart's involvement, particularly branches in Navi Mumbai and Bhiwandi, from where Khushi Trading allegedly sourced expired stock. D-Mart's comment is awaited on the matter. The FDA has reiterated its warning to all food business operators to adhere to food safety laws strictly and stated that failure to do so will result in stringent legal action. The FDA recently also suspended the food business license of Kiranakart Technologies, the parent company of the quick-commerce platform Zepto, following an inspection that revealed unhygienic storage practices for food items at its Dharavi facility in Mumbai.
Time of India
24-05-2025
- Health
- Time of India
300 to 1k+ beds: Pvt hosps get bigger but manpower an issue
Mumbai: Krishna Institute of Medical Sciences (KIMS), a chain of hospitals from South India, made its "Mumbai debut" by opening a 300-bedded super-specialty hospital in neighbouring Thane city. Tired of too many ads? go ad free now In Juhu, a multi-storeyed building is coming up within the 330-bedded Nanavati Max Hospital complex, set to more than double the present bed strength. Civil work on the proposed 1,000-bedded hospital by D-Mart owners in Borivli East is progressing. Clearly, hectic activity is ongoing in the city's hospital space. While announcing the BMC budget in Feb, commissioner Bhushan Gagrani said the city has 15,302 beds in govt hospitals and 31,076 beds in private hospitals, with another 3,515 beds being added through renovations to various BMC hospitals. The expansion trend, though, has multiple layers. For one, private hospitals that usually stuck to a few hundred beds are aiming closer to 1,000 beds—a number usually reserved for public super-specialty hospitals that have medical schools attached to them. For another, multiple hospitals are witnessing an exodus of human resources as "competition" heats up. At present, Bombay Hospital in New Marine Lines and Kokilaben Ambani Hospital in Andheri have over 700 beds. But Nanavati and the D-Mart hospitals too will be big; a medical school by the Adani group in Kandivli will have 1,500 beds. "Many hospitals have begun adopting the marginal costing theory," said Dr Vivek Desai of HOSMAC, a hospital management consultancy firm. This means they will opt to build large capacities but will not focus on getting the same cost for each bed from all patients. "Many beds will go to patients who are retired govt servants or from economically weaker sections who are supported by govt schemes such as CGHS or Ayushman Bharat," said Dr Desai. Tired of too many ads? go ad free now The Maharashtra govt has also announced universal healthcare for people aged over 70 years that will allow them to get subsidised or free care at some private and public hospitals respectively. With more beds, not only will the volume of patients be higher, but diagnostics and therapeutic services will be better utilised. The idea of a multispecialty hospital appeals to corporate healthcare providers as they can put up the revenue-earning specialties of cancer, cardiology, gastroenterology and orthopaedics under one roof. However, a senior doctor with a BMC hospital said that the "movement" in the private healthcare space may suffer due to a "paucity of skilled personnel, both medical and non-medical". Studies done by NGOs in the past have shown gaps in healthcare in suburbs, with few public beds in the distant northern suburbs.
Economic Times
19-05-2025
- Business
- Economic Times
Stocks to buy today: D-Mart, DLF among top 3 trading ideas for 19 May 2025
Indian markets made a sharp rebound on Thursday after hitting the day's low. Buying action across sectors was seen but most prominent action was in auto, IT and bank stocks. While the BSE Sensex surged 1200.18 points or 1.5% to close at 82,530.74, the broader Nifty was shot-up by 395.20 points or 1.6% to end the day at 25,062.10. Commenting on the day's action, Rupak De, Senior Technical Analyst at LKP Securities said that the recent consolidation breakout, along with a move above the swing high, has increased the probability of the index reaching 25,690 in the short term though he sees immediate resistance is placed at 25,360, above which further upside potential may be unlocked. On the downside, 24,400 is expected to act as strong support in the short to medium term, De said, adding that a decisive break below this level could cause the ongoing rally to lose momentum. "Until then, a buy-on-dips strategy is likely to remain effective," he opined. Here are 2 stock recommendations for Friday: Indian markets may consolidate on Monday amid mixed global cues. Nifty futures closed flat, while India VIX dropped over 2%. Analysts see a broader range of 24,500–25,500, with support at 24,850. Bank Nifty hit a record high, indicating bullish momentum. Experts recommend buying D-Mart, DLF, and Exide Industries for short-term gains. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Stocks to Watch for Short-Term Traders Tired of too many ads? Remove Ads Expert: Aakash Hindocha, Technical Analyst – Research, Nuvama Wealth (as told to ETBureau) The Indian market is likely to consolidate on Monday, tracking mixed global futures closed marginally higher on Friday with gains of 0.01%, settling at 25,081. Meanwhile, India VIX declined over 2% to close at 16.55, indicating a drop in market the options front, the highest Call open interest (OI) is seen at the 25,500 and 25,100 strike prices, while the maximum Put OI is placed at 25,000 and 24,500 writing is observed at 25,500 and 25,000 strikes, whereas Put writing is active at 25,000 and 24,700 levels.'Options data suggests a broader trading range between 24,500 and 25,500, with an immediate range seen between 24,850 and 25,250,' said Chandan Taparia, Analyst–Derivatives at Motilal Oswal Financial Services 'On the daily chart, Nifty50 formed a small-bodied candle on Friday, indicating a pause after the recent sharp up-move,' he recommends that Nifty must hold above the 24,900 zone to advance towards 25,200 and then 25,400 levels. On the downside, support is seen at 24,850 and then 24, closed above its previous range at 24,400, boosted by news of a ceasefire between India and Pakistan, propelling the index to a fresh 6-month high.'After last week's 4.2% rally, the index is now headed towards 25,230 and 25,440 levels, provided it sustains above 24,750,' said Aakash Hindocha, Technical Analyst – Research, Nuvama Wealth.'Any dips near 24,850 should be viewed as a buy-on-dips opportunity for the above-mentioned targets,' he Nifty closed at a record high on the weekly charts on Friday and also registered a short-term bullish flag breakout on the daily chart.'Dips below 55,000 are likely to attract buying interest, with an immediate upside target of 56,200. Key support is seen at 54,400,' Hindocha | Target: Rs 4,550 | Stop Loss: Rs 4,040Buy | Target: Rs 777 | Stop Loss: Rs 685Buy | Target: Rs 424 | Stop Loss: Rs 381
Indian Express
08-05-2025
- Business
- Indian Express
Amid rising border tensions, panic buying peaks in Punjab; authorities caution against hoarding essentials
As border tensions between India and Pakistan rise after Operation Sindoor, panic buying of dry ration has surged across Punjab, particularly in Ludhiana, Amritsar, Patiala and Bathinda. Grocery stores are witnessing overwhelming crowds as customers stock up on supplies for up to three months. Iqbal Singh, owner of Aao G store in Ludhiana's Sarabha Nagar, said, 'I have personally sent messages to all my customers assuring them there is no shortage of ration and there is no need to panic. Still, people are rushing to the stores to stock up.' He added that essential items such as pulses, salt, sugar, tea leaves, rice, wheat flour, oil, and ghee are being purchased in bulk. 'Most people are stocking up for up to three months,' he said. Iqbal further mentioned that dry milk has already gone out of stock and orders have been placed for replenishment. 'In the meantime, we are supplying liquid milk cartons with a 60-day shelf life. Orders for desi ghee have also been placed as it went out of stock.' Balwant Rai, owner of Mani Ram Balwant Rai departmental store in Civil Lines, Ludhiana, said the panic buying trend began Monday after the first blackout rehearsal conducted by the Ferozepur administration. Tensions escalated after the Indian armed forces conducted Operation Sindoor, the strikes on nine terrorist targets in Pakistan and Pakistan-occupied Kashmir (PoK) early Wednesday. The strikes were carried out in retaliation for the April 22 terror attack in Pahalgam in Kashmir, in which 26 civilians were killed. 'After Operation Sindoor, the customer rush increased sharply. On May 7, we could barely manage the crowd. Stocks from many shelves were exhausted. However, we still have sufficient stock in store and in the wholesale market, so people should not panic,' he said. Consumers, however, cited continuous developments, including large-scale blackout rehearsals, as the reason for stockpiling. 'From our store, customers typically buy up to two months of supplies. Even otherwise, it is common for households to keep a month's ration,' Balwant added. 'Can't take a chance' Maninder Kaur, a resident of Bhai Randhir Singh Nagar of Ludhiana, said,' We have ordered ration online for two months… We live with old parents, so we can't take a chance. Dry ration's shelf life is long, so stocking double is a normal reaction by people.' Kulwinder Kaur, a domestic help in the Model gram area of Ludhiana, said, 'I buy groceries daily only, as and when need arises. But now, I have stocked some basic items as per my budget for one month.' So was the case with Meenakshi, a homemaker from the same area, who said that she stocked rations for up to two months. 'I focused only on essentials and have cut down all other products like frozen snacks.' In border villages, several families are relocating to safer places, carrying supplies. In Amritsar, long queues were seen at D-Mart, with customers rushing to purchase groceries. Sources revealed that under the pretext of panic buying, several stores have quietly withdrawn promotional offers that were earlier in place. A similar situation was observed in Tarn Taran, where nearly every second grocery store saw panic buying. Meanwhile, Tarn Taran Deputy Commissioner Rahul, in a public message, assured, 'The district administration is fully prepared to handle any emergency. There is no shortage of essential items like fuel, cooking gas, medicines, or ration in Tarn Taran.' He appealed to residents not to indulge in panic buying or hoarding, warning that such actions could lead to black marketing. 'Strict action will be taken against anyone found hoarding essential items for profiteering,' he added.
Time of India
06-05-2025
- Business
- Time of India
Top stocks to buy today: Stock recommendations for May 6, 2025
Representative image UBS has a 'neutral' rating on SBI with the target price at Rs 840. Analysts said the bank's management has cut loan growth guidance and they feel net interest margin to be under pressure in the near term. However, UBS has kept its EPS estimates largely unchanged for FY26 and FY27. CLSA has downgraded Kotak Mahindra Bank to 'hold' from 'outperform' but raised the target price to Rs 2,225 from Rs 2,125. Analysts said the bank had a mixed set of numbers in the Jan-March quarter. It missed CLSA's pre-provision operating profit estimate, driven by lower net interest income and higher opex. They also said credit costs were higher as the bank strengthened its provision coverage ratio while loan growth moderated to low-teens. Jefferies has maintained its 'hold' rating on Avenue Supermart (D-Mart) with the target price cut to Rs 4,100 from Rs 4,225 earlier. Analysts said D-Mart's margin slippage came as a big negative surprise, with the management attributing the same to high competition. Prabhudas Lilladher has given a 'reduce' rating on Indian Oil Corp with the target price at Rs 122. Analysts said although a strong gross refining margin (GRM) during the Jan-March quarter drove its earnings, the average Singapore GRM continues to remain weak at $3/barrel and the company is likely to report inventory losses amid sharp decline in Brent prices. Petchem weakness is also likely to persist and the company has indicated an under-recovery of Rs170/cylinder in April-June quarter on LPG. InCred Equities has retained its 'reduce' rating on JSW Steel with the target price at Rs 766. Analysts said the Supreme Court's ruling last week ordering the liquidation of Bhushan Power & Steel (BPSL) has cast a shadow of uncertainty on the steel maker. They said JSW Steel's earnings projections for FY26–27 appear to be overly optimistic. The stock is trading at an unrealistic valuation (trading at a near 18-year high on EV/EBITDA basis). Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
