Mint Midday Digest: Royal Enfield Hunter launch, Mukesh Ambani on the green signal

Paytm shares are attracting heavy buying in the stock market today. After announcing revenue rise in Q1FY23 results on Saturday, Paytm share price opened today on NSE at the same level as Friday’s close but soon the buying in the shares started leading to a sharp rise in the counter, leading to intraday highs. 836.70 per share level. read more here

Hong Kong cuts COVID hotel quarantine for 3 days upon arrival

The new policy on quarantine during arrival in the state from Friday will reduce the mandatory hotel quarantine for foreign arrivals in Hong Kong from one week to three days. read more here

This US city will host two-day ’75 Years of India’s Independence’ celebrations

According to news agency PTI, the 75th anniversary of India’s independence will also be celebrated in Boston, where 32 countries will participate and Americans will present an airplane with the US-India flag 220 feet above the city. read more here

Reliance Industries green light to beat other businesses: Mukesh Ambani

Indian billionaire Mukesh Ambani-led Reliance Industries Limited (RIL) will increase investment in green energy initiatives, which it recently announced to play a leading role in the world’s transition to clean energy. read more here

2022 Royal Enfield Hunter 350 Price 1.49 lakh: Details on the variants

This year’s much awaited bike Hunter 350 from Royal Enfield has been officially launched in India. Cruiser fans are eager to know the price and specifications of the bike. It is worth mentioning that the price of 2022 Royal Enfield Hunter 350 starts from Rs. 1.49 lakhs and it goes up to Rs. 1.68 lakhs, ex-showroom. To know more details about the pricing, one can visit the official website of Royal Enfield of the nearest automaker’s store. read more here

‘Cricket and India are inseparable’: PM Modi praises CWG medal winners

PM Modi praised the Commonwealth Games (CWG) 2022 medal winners in all sports from badminton to cricket. On the first ever cricket medal in the Commonwealth Games, he tweeted, ‘Cricket and India are inseparable. Our women’s cricket team played excellent cricket throughout the Commonwealth Games and won the coveted silver medal. read more here

Wealth Management Startup Dezerv Raises $21 Million At $100 Million Valuation

Wealth tech platform, Deserve Investments Pvt. Ltd. has raised $21 million in a Series A funding round led by technology venture capital investor Accel Partners, raising its valuation to $100 million. read more here

JEE-Main: 24 candidates scored a perfect 100; Consequences of something withheld by unfair means

National Testing Agency (NTA) declared the result of Joint Entrance Examination Mains 2022 (JEE Mains 2022) for session 2 exam today, August 8. read more here

Mukesh Ambani gets ‘zero’ salary for the second year in a row

According to news agency PTI, for the second year in a row, billionaire Mukesh Ambani voluntarily did not take any salary from his flagship firm Reliance Industries in the last financial year in the wake of the Kovid-19 pandemic affecting business and economy in the country. read more here

HDFC Bank hiked lending rates across all tenors. Home loan will be expensive

HDFC Bank has today increased its Marginal Cost of Funds Based Lending Rate (MCLR) by 5-10 basis points (bps) for all tenors with effect from August 8, 2022. A basis point is one hundredth of a percentage point. read more here

SBI investors still optimistic despite impressive Q1

Shares of State Bank of India (SBI) were under pressure with a fall of 2.75 per cent on the National Stock Exchange in morning trade on Monday. The country’s largest public sector lender’s June quarter earnings (Q1FY23) performance was a mixed bag. Lending growth of 14.93% year-on-year was at a multi-quarter high in Q1, yet, SBI missed Street’s earnings expectations and caused one-time mark-to-market losses and weak net interest margin (NIM) affected by. , read more here

Nykaa’s shares are down 44% from life-time highs. Should you buy after Q1 results?

Shares of Nykaa have climbed in morning deals after announcing a more than 33 per cent rise in consolidated net profit in Q1FY23. Shares of FSN E-commerce Ventures (Nykaa) opened higher today and moved to their intraday high. At 1,473.65 levels, a rise of nearly 2 per cent from Friday’s close. However, the stock is still down about 44 percent from its lifetime highs. 2,573.70 on NSE. Therefore, situational investors who are looking for a discounted buy after the recent selloff may feel attracted to this internet stock. read more here

Bulldozer blew up illegal encroachment of Shrikant Tyagi in Noida, watch video

According to news agency ANI, days after self-proclaimed politician Shrikant Tyagi was booked for assaulting a woman, the bulldozers arrived outside Grand Omaxe in Noida’s Sector 93 on Monday morning, where the accused assaulted the woman. abused and assaulted. Srikant Tyagi identified himself as a BJP leader after the party distanced himself from him after the incident. read more here

Despite being COVID-19 positive, this Australian all-rounder was allowed to play in the final against India

Tahlia McGrath tested positive for COVID-19 and had minimal symptoms. The Australian all-rounder was allowed to take part in the championship game after consulting health professionals, team and match officials. Due to this the throw was delayed by about ten minutes. read more here

Flat prices in Visakhapatnam, Coimbatore, Surat see higher growth than metro cities: SBI report

According to SBI Research: Special Report on Emerging Trends in Residential Housing, housing prices have increased more in smaller towns and cities as compared to metros. It added that several tier-2 cities including Visakhapatnam, Guwahati, Raipur, Surat, Vadodara, Jaipur, Lucknow, Dehradun and tier-3 city Coimbatore have seen higher growth in housing prices. read more here

India sees drop in daily Covid-19 cases, records 16,167 new infections

India once again saw a slight drop in daily Covid-19 cases on Monday, with 16,167 new infections being recorded in the last 24 hours, according to data from the Union Health Ministry. With this, the active caseload of the country currently stands at 1,35,510. read more here

Madhya Pradesh, Rajasthan and Karnataka among top states giving electricity subsidy

The states of Madhya Pradesh, Rajasthan and Karnataka are among the top states providing the highest electricity subsidy bills, accounting for 48,248 crore which is 36.4 percent. According to ministry data, 27 out of 36 states/UTs are providing electricity to consumers at subsidized rates. read more here

Rakesh Jhunjhunwala Portfolio: Experts see huge upside in this tech stock

Shares of Nazara Technologies remain in a block building phase after climbing to their 52-week high in October 2021. The stock hit its 52-week low in June 2022, but has since recorded a strong rally of nearly 40 percent from its 52-mark. Weekly low in nearly two months. read more here

Amazon’s early investor and board member Tom Alberg dies at 82

Tom Alberg, co-founder of venture capital firm Madrona Venture Group and an early investor in Amazon.com Inc., has died. He was 82 years old. Albert died on Friday, according to a statement released by Madrona. read more here

Earth’s days are getting mysteriously longer, and scientists don’t know why

Atomic clocks combined with precise astronomical measurements have revealed that the length of a day is suddenly getting longer, and scientists don’t know why. read more here

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