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Here are the top stories to start your day.
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⭐ Dabur acquires Badshah Masala
FMCG major Dabur India acquired a majority stake in spice brand Badshah Masala. In October 2022, Dabur India had announced the acquisition of51% stake in Badshah Masala for a cash consideration of ₹587 crore. Badshah Masala has now become a subsidiary of Dabur India.
⭐ Hindustan Zinc’s production rises marginally
Hindustan Zinc has released its production update for the third quarter of FY23. Its mined metal production grew marginally by 1% year-on-year to 254 kt,due to higher ore production. Meanwhile, the integrated silver production was down 7% to 161 tonnes. It’s apparently due to lower feed grade at SK Mine.
⭐ Rise in India’s coffee export
India’s coffee export rose 1.6% year-on-year to 4 lakh tonnes in 2022,per data released by the Coffee Board. In value terms, exports grew by 25% to ₹ 8,762 crore in 2022. India is Asia’s third largest producer and exporter of coffee. Italy, Germany and Russia are its major export destinations.
Global markets (at 8:30 AM today)
| Indices | Today's movement |
| SGX Nifty | ▼ 0.20% |
| Nikkei 225 (Japan) | ▲ 0.00% |
| Hang Seng (Hong Kong) | ▲ 0.60% |
| SSE Composite (China) | ▲ 0.15% |
| Dow Jones (US) (December 30) | ▼ 0.22% |
| NYSE (US) (December 30) | ▼ 0.24% |
| Nasdaq (US) (December 30) | ▼ 0.11% |
| S&P 500 (US) (December 30) | ▼ 0.25% |
Fact of the day
As per reports, India’s internet industry is anticipated to expand and could be worth $5 trillion by 2030.
Source: Economic Times