Mint Morning Digest: India wheat imports, cotton supply shrinks and More
PremiumRead top business news, equity market precursors, and economic and banking news updates from India and across the world for 21 August, 2022.
Govt likely to import wheat months after PM Modi’s vision of feeding world
Less than four months after Prime Minister Narendra Modi boldly declared that India was ready to 'feed the world' after Russia’s invasion of Ukraine, the government needs to consider grain imports. Read More Here
The world’s cotton supply keeps shrinking, hit by drought, heat
Extreme weather is wreaking havoc upon virtually all of the world’s largest cotton suppliers. Read More Here.
Board of debt-free multibagger stock fixes record date for dividend.
With a market valuation of Rs. 623.83 Cr., Indraprastha Medical Corporation Limited is a small-cap company that engages in the healthcare industry. A variety of diagnostic and medical services are provided by this Delhi-based healthcare organisation, which runs under Indraprastha Apollo Hospital. Indraprastha Medical Corporation Ltd., according to Value Research, is a debt-free company, which may sound interesting to investors. Read More Here
Adani likely to launch nearly ₹31,000 cr open offer for ACC, Ambuja next week
Adani Group is likely to launch an open offer next week for acquiring a 26% stake in Swiss-based firm Holcim's Indian listed subsidiaries ACC and Ambuja Cements. If fully subscribed, Adani will pay nearly ₹31,000 crore under the open offer. Earlier this week, market regulator Sebi granted approval for the open offer. Read More Here.
New issue of sovereign gold bond scheme opens tomorrow. 10 things to know
The issue price for the next tranche of Sovereign Gold Bond Scheme (SGB) 2021-22, which will open for subscription for five days from Monday, has been fixed at ₹5,197 per gram of gold, the Reserve Bank of India (RBI) said on Friday. Read More Here.
Odisha floods: Admin issues alert in Mayurbhanj and Balasore
With incessant heavy rains and subsequent water release from Jharkhand's Galudih barrage led to river Subarnarekha keeps swelling in Odisha, the state government on 20 August put on alert the administrations of Mayurbhanj and Balasore as possibility of a major flood in the two districts. Read More Here.
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