Mint Morning Digest: BSNL Revival Package, 3D Maps for Indian Cities and more

The central government approved on Wednesday 1.64 trillion revival package for debt-ridden state-owned telecom company Bharat Sanchar Nigam Limited, (BSNL) and a 26,316 crore plan for expansion of fourth generation telecom services (4G) in the remaining 25,000 villages, said Ashwini Vaishnav, Minister of Communications and Electronics and Information Technology at a briefing. Read more

India, a big exporter of cotton, may soon become a net importer

Record low production, coupled with a sharp jump in domestic demand, could turn India from one of the largest exporters into a net cotton importer in FY13. Read more

How the Fed’s big interest rate hike could affect your finances

High mortgage rates have caused home sales to drop. Credit card rates have become more cumbersome, and so have auto loans. Savers are finally getting the yield that is really visible, while crypto assets are reversing. Read more

Google, MapMyIndia announce 3D maps for Indian cities

Taking advantage of the government’s new geospatial policy, Google on Wednesday launched its Google Street View mapping product in India. Soon after Google’s announcement, homegrown MapMyIndia unveiled a product called Real View Maps, which offers “360-degree panoramic street view” and includes a 3D Metaverse Maps service. Read more

Cognizant Q2 net profit up 12.7%, lowers full-year guidance

Nasdaq-listed Cognizant Technology Solutions Corp. reported a 12.7% increase in net profit to $577 million for the June quarter, compared with a 9.5% increase in revenue in constant currency from the year-ago period. during the period was $512 million. $4.9 billion. Read more

Cabinet nod to Competition Amendment Bill

The Union Cabinet led by Prime Minister Narendra Modi on Wednesday approved a bill to amend the two-decade-old Competition Act that aims to improve the competition regulation ecosystem, a person familiar with the development said on condition of anonymity. Told. Read more

The future of mobility in focus

The Mint Mobility Conclave will take place in the city today, bringing together leaders at the forefront of mobility. The event will see participation from top policy makers, industrialists, startup founders, public officials and the editorial leadership of Mint, who will debate and discuss the future of mobility as seen from India. Read more

Can an outbreak of monkeypox be prevented? What does WHO say

Amid the rise in cases, World Health Organization (WHO) Director-General Tedros Adhanom Ghebreyesus said on Thursday that if infected countries, communities and individuals are made aware of the disease and necessary steps are taken to prevent it, there will be no chance of monkeypox. Outbreaks can be prevented. Infection by spreading between people. Read more

Qualcomm warns of slump sales on cooling smartphone demand

US chip supplier Qualcomm Inc. forecast fourth-quarter revenue below Wall Street’s target on July 27, given a tough economy and a slowdown in smartphone demand, which could hurt its core handset chip business. Read more

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