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Almost seven years after the families of Northwest Indianas largest grocery chain banded together to snatch the stores out of bankruptcy, its selling to a larger chain. West Des Moines, Iowa-based Hy-Vee Inc. is acquiring Highland-based Indiana Grocery Group LLC, the parent of the Strack & Van Til Food Market chain, Hy-Vee announced in a release Wednesday. The acquisition is expected to be complete early next month, according to the release. All 22 of the Indiana Grocery Groups stores and some 2,800 employees in Lake and Porter Counties are included in the acquisition, but the stores will retain their names […]
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Despite RBI's unchanged rates, lenders raised deposit rates by 96 bps in FY24 due to rising credit demand. Liquidity tightened with incremental cash reserve ratio, leading to a multi-year high liquidity deficit.
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New official figures show that inflation, the rate at which prices rise over time, fell again in March.
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