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The food manufacturer said shoppers continued to stomach rising food prices, boosting its margins and sales. The food manufacturer said shoppers continued to stomach rising food prices, boosting its margins and sales. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If…

This week’s kickoff to the corporate earnings season offers the next trial for the market as investors consider whether U.S. stocks can hold on to recent gains in the face of deteriorating profits.Analysts expect companies in the S&P 500 to report a second consecutive decline in quarterly earnings. First-quarter profits are projected to drop 6.8% from the same period a year earlier, according to FactSet. That would mark the steepest earnings decline since the second quarter of 2020, when the onset of the Covid-19…

Conagra , which makes Hunt’s tomato products, attributed its most recent quarterly results to inflation-driven price increases. Photo: ANDREW KELLY/REUTERS…

The CAG of India, Murmu, called for initiatives to develop auditing frameworks for AI and Blue Economy Girish Chandra Murmu, India’s Comptroller and Auditor General (CAG), stated that although AI could contribute up to $15.7 trillion to the global economy in 2030, it had also raised privacy, transparency, and fairness issues. During his inaugural address to the three-day Supreme Audit Institutions-20 (SAI20) Engagement Group delegates’ meeting, Mr. Murmu stated, “AI has the potential to lead socio-economic growth and can…

Extolling the virtues and the indispensability of artificial intelligence (AI)-based applications, the Comptroller and Auditor General of India (CAG) on Wednesday said that the "most significant risk associated with AI implementation in the public sector is the potential for bias."Addressing a seminar themed "AI and Data Analytics" on Wednesday, the national auditor Girish Chandra Murmu said in his address: "AI technologies while being exciting also bring a certain degree of risk with them. The most significant risk…

Mondelez International Inc. MDLZ 0.93% reported a double-digit boost to its fourth-quarter sales, helped by higher prices for its cookies and candies, as well as added revenue from recent acquisitions. The Chicago-based maker of Oreo cookies and Triscuit crackers said Tuesday that sales climbed 14% in the recent period to $8.7 billion, beating analysts’ expectations of $8.33 billion, according to FactSet. Mondelez, which…

Conagra CAG 3.05% Brands Inc. expects higher sales and earnings for fiscal 2023 after the food company continued to raise prices to stave off inflation and supply-chain pressures. The Chicago-based maker of Healthy Choice frozen meals and Slim Jim meat sticks said revenue rose 8.3% to $3.31 billion in the quarter ended Nov. 27 thanks to price increases and a shift in the mix of products it sold. Sales volumes, meanwhile,…

Conagra CAG -2.34% Brands Inc. posted higher sales for the latest quarter after raising prices to offset climbing costs. The producer of Duncan Hines cake mixes and Slim Jim meat snacks said  Thursday that sales were up 9.5% to $2.9 billion in the quarter ended Aug. 28. The top-line was primarily lifted by higher prices, which, along with a shift in the mix of items sold, added 14.3% to the sales gain. That came as costs ballooned 15%…

In a first-of-its-kind verdict in September last year, the Supreme Court ordered Indian Railways to pay compensation of Rs 30,000 to a passenger who missed a Jammu-Srinagar flight because a train (Ajmer-Jammu Express) reached its destination four hours late. However, Indian Railways and delays have been abreast for decades now. According to a CAG (Comptroller and Auditor General) report, Rs 2.5 lakh crore has been invested in the infrastructure of the Indian Railways between 2008 and 2019. But, despite this huge…

The Comptroller and Auditor General (CAG) has pulled up the telecom department for not finalising policy on spectrum assignment for captive users and flagged the absence of spectrum price review for captive users administratively. In its report titled 'Management of spectrum assigned on the administrative basis to government departments/agencies', the CAG asked the Department of Telecom (DoT) to review the spectrum pricing mechanism for captive users to incentivise ministries, departments and agencies, and for maintaining…