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Meta posts higher profit, revenue for Q2 as advertising rebounds

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Meta posts higher profit, revenue for Q2 as advertising rebounds

Facebook parent Meta posts higher profit, revenue [File] | Photo Credit: AP Facebook parent company Meta Platforms posted stronger-than-expected results for the second quarter on Wednesday, buoyed by a rebound in online advertising after a post-pandemic slump. The Menlo Park, California-based company earned $7.79 billion, or $2.98 per share, in the April-June period. That’s up…

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No review of Uniform Civil Code impact on HUFs: Finance Ministry

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No review of Uniform Civil Code impact on HUFs: Finance Ministry

Minister of State for Finance Pankaj Choudhary. File The number of Hindu Undivided Families (HUFs) availing tax benefits under the Income Tax Act stood at almost 8.76 lakh in 2022-23, the lowest in at least five years. The impact on their tax treatment under a Uniform Civil Code (UCC) has not yet been examined, the…

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Video-gaming firms write to PMO seeking distinction from real-money gaming industry

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Video-gaming firms write to PMO seeking distinction from real-money gaming industry

The video gaming industry has said the term ‘online gaming’ is a broad and ambiguous term that is causing confusion among gamers, games publishers, international investors and media amid the GST row. Image used for representational purposes only. | Photo Credit: Special Arrangement As many as 45 video game companies in India on July 26,…

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Mondelez India to invest ₹1,600 crore in its manufacturing facility at Sri City

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Mondelez India to invest ₹1,600 crore in its manufacturing facility at Sri City

Chief Minister Y.S. Jagan Mohan Reddy participating, in virtual mode, in the groundbreaking ceremony of Mondelez India’s expansion unit at Sri City in Tirupati district on Tuesday. | Photo Credit: SPECIAL ARRANGEMENT Chief Minister Y.S. Jagan Mohan Reddy participated virtually in the groundbreaking ceremony of the expansion unit of Mondelez India’s manufacturing facility in the…

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Morning Digest | Indian economy to grow at 6.1% in 2023, IMF projects; Opposition for no-trust vote against Narendra Modi government, and more

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Morning Digest | Indian economy to grow at 6.1% in 2023, IMF projects; Opposition for no-trust vote against Narendra Modi government, and more

IMF delegates participate in a news conference on the IMF release of the World Economic Outlook Update, at IMF headquarters in Washington, DC, on July 25, 2023. | Photo Credit: AFP Names of 5 crore MGNREGS workers deleted in 2022-23, Minister informs Lok Sabha Rural Development Minister Giriraj Singh, in a written reply to the…

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