BackMint Evening News: Misogyny shot down, Corbevax cleared as Covid booster, 8 killed in UP factory fire and more
Mint Evening Digest: Top business, equity market, economic and banking news updates from India and across the world for 4 June, 2022
Premium8 killed, 15 injured in factory fire in UP
At least eight workers were killed and over dozen others injured after a fire erupted in a chemical factory in northern India. Read more
Govt approves Biological E COVID shot as a booster
The government has approved Hyderabad-based drugmaker Biological E's COVID-19 vaccine as the first mix-and-match booster dose in the country. Read more
Heatwave in northwestern and central India after brief respite
Northwestern and central parts of the country were back in the grip of a heatwave, with temperatures settling above 44 degrees Celsius across several towns and cities. Read more
Govt asks Twitter, YouTube to pull down perfume advertisement
The I&B Ministry has asked Twitter and YouTube to remove from their social media platforms the videos of advertisement of a perfume brand that triggered outrage for "promoting gang rape culture". Read more
Large credit card issuers see decline in spending in April
Leading credit card issuers such as SBI Card, Citi India and Axis Bank reported a sequential drop in customer spending in April, data from the Reserve Bank of India (RBI) showed. Industry experts, however, termed it as more of a seasonal shift instead of an overall weakness in consumer sentiment. Read more
Centre to find out why Turkey rejected wheat
India will investigate the reason behind Turkey rejecting a shipment carrying more than 56,000 tonnes of Indian Durum wheat, commerce and industry minister Piyush Goyal said on Friday. Read more
Solar companies hit upon novel way to defer duties on modules
Indian solar power developers have hit upon a novel way to defer payment of steep import duties on cells and modules that took effect on 1 April, by declaring their plants as “customs bonded warehouses," two people aware of the development said. Read more
Caution sets in the markets ahead of RBI policy meet
India’s benchmark indices on Friday pared intraday gains to end in the red. The Sensex fell 664 points from the day’s high to close at 55,769, down 0.09%, or 49 points, while the Nifty was down 0.26% to close at 16,584. Read more
Six India Infoline employees penalized for front-running
The Securities and Exchange Board of India (Sebi) on Friday took action against six employees at India Infoline Group for front-running, a market malpractice where individuals aware of upcoming large transactions trade using the information to make illicit gains. Read more
Spot gold price dips after breakout. Good opportunity to buy, say experts
After giving breakout at $1865 per ounce levels, spot gold price went through some profit-booking on the weekend trade session and ended at $1851 per ounce levels. Read more
Stock trading and travelling the world: How a Kolkata girl is living her dream
Rajarshita Sur quit her job as a technical analyst in a private bank in 2014 and then she chose to become an independent trader. Read more
Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!
