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Meta posts higher profit, revenue for Q2 as advertising rebounds

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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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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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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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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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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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