Mint Night Digest: Domino’s India biz, ITR submitting deadline, third monkeypox case and extra

Rate this post


Indian billionaire Gautam Adani this week changed Invoice Gates to grow to be the world’s fourth-richest particular person as his internet value surged to $113 billion, surpassing the Microsoft Company co-founder by $230 million, in keeping with Bloomberg Billionaires Index. The Indian tycoon has added $36 billion to his fortune this yr, greater than anybody else. Learn right here

Reliance Jio Q1 outcomes: Web revenue jumps practically 24%

Telecom big, Reliance Jio registered a internet revenue of 4,335 crore within the quarter ending June 30, 2022 (Q1FY22) in comparison with a PAT of 3,501 crore in the identical quarter final yr – registering a progress of 23.82%. Q1 PAT is marginally up from the 4173 crore revenue witnessed in This autumn of final fiscal. Click on right here to learn extra

UltraTech Cement Q1 internet revenue shrinks 7%; income up 28%

Aditya Birla group firm UltraTech Cement on Friday reported a 7% year-on-year (YoY) plunge in internet revenue at 1,582 crore for the June quarter in contrast with 1,700 crore in the identical quarter final yr. Learn right here

Monkeypox vaccine: EMA recommends Imvanex

The European Medicines Company (EMA) on Friday knowledgeable that it has really useful the approval of Imvanex for the prevention of Monkeypox. Imvanex, developed by Bavarian Nordic and at the moment getting used towards Smallpox, was already cleared to be used towards Monkeypox by American regulators. Learn extra right here

Domino’s India to shift enterprise away from Zomato and Swiggy

Domino’s Pizza India franchise will think about taking a few of its enterprise away from well-liked meals supply apps, Zomato and SoftBank-backed Swiggy, if their commissions rise additional, in keeping with a letter seen by Reuters. Learn right here

‘Centre not contemplating extension of ITR submitting deadline’

Income Secretary Tarun Bajaj on Friday stated that the Central Authorities shouldn’t be contemplating extending the final date for submitting earnings tax returns because it expects most returns to return in by 31 July. If you have not filed your tax return, click on right here to know final date

Mint Mid-Day Digest

ITC share worth retraces from 52-week excessive. Good time to purchase or accumulate?

After climbing to its new 52-week highs on successive Wednesday and Thursday periods, ITC shares have retraced from its current highs and quoting under 300 apiece ranges. Shares of ITC has been in uptrend since final week of February 2022. Learn extra

Akasa Air flights from subsequent month, ticket bookings begin. Know routes and fares

Rakesh Jhunjhunwala-backed Akasa Air stated it would launch business flight operations on August 7 by working its first service on the Mumbai-Ahmedabad route utilizing Boeing 737 Max plane. Learn extra

MoS phrases use of crypto logical extension of fintech as forex a problem

Crypto know-how as a way of fee is logical extension of fintech firms however challenges lie on its utilization as an asset class and an alternative choice to forex, Minister of State for Electronics and IT Rajeev Chandrasekhar stated on Thursday.Learn extra

Gold costs right this moment fall regardless of ECB’s rate of interest hike

Gold costs right this moment fall regardless of European Central Financial institution (ECB) raised rates of interest by 50 bps on Thursday. Spot gold worth right this moment is quoting $1713 per ounce, round 0.25 per cent decrease from its Thursday shut whereas the yellow steel worth on Multi Commodity Trade (MCX) is quoting 50,361 per 10 gm, 14 decrease from its Thursday shut. Learn extra

Mint Morning Digest

India to import 76 mt coal; will spark energy tariff hike

India has firmed up a plan to import round 76 million tonnes (mt) of coal to assist plug a fossil gas shortfall at its energy vegetation within the present monetary yr. This in flip could end in a rise in electrical energy tariffs by 50-80 paise per unit relying on the space of the facility stations from sea ports, in keeping with two authorities officers conscious of the event. Learn extra

Notices served on EV scooter makers over fireplace incidents: Nitin Gadkari

Union ministry for transport and highways has served notices to CEOs and MDs of two wheeler electrical scooter producers whose scooters have caught fireplace, and additional motion can be taken after their replies are obtained, stated union minister Nitin Gadkari. Learn extra

Telcos could bid for spectrum value 1.6 tn

Telecom firms are prone to choose up spectrum value 1.6 trillion, or at the very least 33% of the airwaves placed on sale on the 5G auctions, in the event that they had been to bid for the pricier 700 Mhz band, stated analysts monitoring the sector. Learn extra

Falling rupee, weak US shares give Indian traders likelihood to diversify

Funding by Indians in worldwide equities and debt is gaining tempo because the rupee struggles to maintain up towards the US greenback and weak world inventory markets open up avenues for traders trying to diversify portfolios. Learn extra

Easing of provide chain constraints could soothe Gland Pharma’s ache

Gland Pharma Ltd’s June quarter (Q1FY23) was stricken by numerous troubles. India revenues fell by 72% year-on-year (y-o-y) because the shutdown of two of its manufacturing strains for productiveness enchancment harm enterprise. Learn extra

Catch all of the Enterprise Information, Market Information, Breaking Information Occasions and Newest Information Updates on Reside Mint.
Obtain The Mint Information App to get Each day Market Updates.

Much less

Subscribe to Mint Newsletters

* Enter a legitimate e mail

* Thanks for subscribing to our e-newsletter.


Supply hyperlink