French food services giant Sodexo is reportedly in talks to acquire its U.S. rival Aramark, sending Aramark’s stock soaring over 10% in after-hours trading. The potential deal, however, faces antitrust scrutiny and would require Sodexo to secure significant funding.
This week’s data highlights a shrinking informal job market in India, growing trade ties with Russia, surging mutual fund investments, and the potential for a GST cut to boost consumption. Plus, the food services sector is booming, and streaming platforms are embracing ads.
Today’s news is packed with developments across various sectors. The Indian stock market saw record highs, while Zelenskyy criticized Modi’s meeting with Putin. The food services industry is predicted to grow significantly, and the CBI arrested individuals involved in the NEET-UG paper leak. In other news, Jupiter Wagons shares dipped after a QIP launch, Patanjali halted the sale of 14 products, and Mumbai Police arrested the key accused in a fatal hit-and-run case.
India’s food services industry is on track for significant growth, projected to reach ₹7.76 trillion by 2028, driven by rising incomes and changing consumer habits. This expansion is fueled by millennials and Gen Z consumers, and the organized sector is expected to dominate the market. The industry is advocating for government support, including ‘industry status’ and tax reforms, to further accelerate growth and create more job opportunities.
