Mint Night Digest: HUL Q1 outcomes, GST on pre-packed meals objects and extra

The federal government is all set to roll out schemes for strengthening the prescription drugs trade with a deal with micro, small and medium enterprises (MSMEs) and clusters to boost India’s manufacturing prowess within the sector, the division of prescription drugs stated on Tuesday. Learn extra

GST on pre-packed meals objects

Finance minister Nirmala Sitharaman on Tuesday defended the imposition of 5% Items and Companies Tax (GST) on meals articles equivalent to cereals, rice, flour and curd that are pre-packaged and labelled, saying it was a unanimous resolution of the GST Council final month wherein even non-BJP dominated states had been additionally current. Learn extra

Vedanta to pay 19.50 per share as second interim dividend, file date mounted

In a transfer that can assist its debt-heavy guardian, billionaire Anil Agarwal-led Vedanta Ltd’s Board of Administrators on Tuesday permitted paying 19.50 per fairness share as second interim dividend for fiscal 2022-23 amounting to 7,250 crore, the corporate introduced in a regulatory submitting. Learn extra

Russia defaults on LNG provides to India: Report

Russia has defaulted on the availability of at the least 5 cargoes or shiploads of LNG to India after its retaliatory sanctions hit one of many firms that offer gasoline to India, sources stated. Learn extra

UK breaks its file for highest temperature as warmth builds

Britain on Tuesday shattered its file for highest temperature ever registered, with a provisional studying of 39.1 levels Celsius (102.4 levels Fahrenheit), in line with the nation’s climate workplace. The warmth was solely anticipated to rise. Learn extra

HDFC Nifty50 fund turns 20 years

Twenty years of the HDFC Index Fund Nifty 50 Plan have been achieved by HDFC Asset Administration Co. Ltd. This open-ended technique tracks the NIFTY 50 Index. Learn extra

RBI imposes restrictions on 2 co-operative banks

The Reserve Financial institution of India on 19 July imposed restrictions on two co-operative banks in wake of their deteriorating monetary positions. Following the banks will be unable to withdraw funds from their accounts. Learn extra

Marburg virus detected in Ghana

Two instances of Marburg virus, a extremely infectious illness like Ebola, have been detected in Ghana. In response to the World Well being Group (WHO), the Marburg virus case was first detected in a 26-year-old male who received admitted to a hospital on June 26 and died a day later. Learn extra

HUL Q1 outcomes

Hindustan Unilever (HUL), the nation’s largest fast-moving client items (FMCG) main, on Tuesday stated its standalone web revenue for the quarter ended June 2022 got here at 2,289 crore, up 11% with revenue progress beating analysts estimates. Learn extra

RBI nearer to its inflation mandate than different central banks

An evaluation by Emkay International Monetary Companies Ltd confirmed that the Reserve Financial institution of India (RBI) is nearer to its inflation mandate in contrast with different central banks. Learn extra

Indian rupee falls previous 80 per US greenback for first time

The Indian rupee right now hit a file low for seventh straight day by falling to 80.01 in opposition to the US greenback, weighed down by a surge in oil costs and broad energy in US greenback. The rupee had closed at 79.97 on Monday. Learn extra

Inventory Market LIVE: Sensex, Nifty buying and selling flat

Benchmark indices had been buying and selling flat within the extremely risky session. The Sensex was up 28.44 factors or 0.05% at 54549.59, and the Nifty was up 4.30 factors or 0.03% at 16282.80.

Govt calls all-party meet on Sri Lanka disaster right now. 10 updates

The federal government has referred to as an all-party assembly over Sri Lanka, which is going through a debilitating financial turmoil. DMK and AIADMK demanded that India ought to intervene within the disaster surrounding the neighbouring nation. Learn extra

Mint Morning Digest

Apple joins tech giants Amazon, Google, Microsoft in placing a lid on hiring

Apple Inc. is the most recent main expertise firm to rein in hiring and spending plans, including to the proof that even Silicon Valley stalwarts are apprehensive a few recession within the coming months. Learn extra

Jio alerts 5G blitz with 14k  cr  public sale  deposit

Adani Knowledge Networks, the shock contender for 5G airwaves, has put in a paltry 100 crore as earnest cash to take part in 5G spectrum auctions, suggesting the corporate could solely bid for airwaves in a number of circles for enterprise or captive use, trade consultants stated. Learn extra

Bharat Electronics shines on execution; diversification key

Bharat Electronics Ltd’s sturdy execution of orders within the June quarter (Q1FY23) has set the tone for this monetary 12 months. The corporate could be anticipated to attain its FY23 income progress steerage of 15% year-on-year (y-o-y) comfortably. Learn extra

Common actors double charges as viewership on streaming websites surges

Surging viewership of streaming platforms in the course of the two years of the pandemic helped double the earnings of actors taking part in massive roles in net exhibits and take up the wage payments to 50% of manufacturing prices at streaming providers from lower than 10% pre-pandemic, trade consultants stated. Learn extra

Rishi Sunak leads new UK PM vote because the race narrows all the way down to 4. Particulars right here

Rishi Sunak on Monday was reportedly was main as he the topped the most recent spherical of voting among the many Conservative Celebration members of Parliament because the race to interchange Boris Johnson as Prime Minister narrowed all the way down to 4, with Tom Tugendhat out of the competition after receiving the bottom votes. Learn extra


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