Rising tomato prices in India could threaten the Reserve Bank’s headline inflation forecast, according to research by its Development Research Group. The study recommended better supply-chain management to ensure price stability. While tomato, onion and potato comprise only a small portion of the Consumer Price Index basket, they are responsible for a significant portion of headline inflation, the study found.
Citi initiates ‘Buy’ rating on Varun Beverages, sees 36% upside
Citi has given Varun Beverages a ‘Buy’ rating with a target price of Rs 800, citing strong market position and growth prospects. Despite this, shares