MindTree Q1 Net Profit Rises YoY; Revenue Up 28.6%

Tovala Recalls Gochujang-Glazed Salmon And Pork Bowls

Chicago, Illinois -based Tovala is recalling certain Gochujang-Glazed prepared meals citing the potential to contain undeclared peanuts, the U.S. Food and Drug Administration said.

The recall involves Gochujang-Glazed Pork Chop Bowl and Gochujang-Glazed Salmon Bowl prepared meals.

The meals are packaged in individual meal sleeves or boxes that include a meal card with a QR code and labeled as Gochujang-Glazed Pork Chop Bowl and Gochujang-Glazed Salmon Bowl. The affected meals are marked with Enjoy By dates between 7/11/22 through 7/14/22.

The recalled meals were distributed through Tovala’s weekly direct-to-consumer meal delivery service to customers across the continental United States who selected the meals for delivery the week of July 4, 2022.

The recall was initiated after Tovala discovered that an ingredient sourced from a third-party supplier contained an undeclared peanut allergen. The ingredient was used in the Gochujang Glaze, which was included in the recalled meals.

According to the agency, people who have an allergy or severe sensitivity to peanuts run the risk of serious or life-threatening allergic reaction if they consume these meals.

The company has received one report of an adverse reaction related to the recalled product to date.

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Gold Holds Steady Ahead Of US Inflation Data

Gold held steady on Wednesday and the euro hovered around a parity on the dollar amid concerns around inflation and aggressive policy tightening by major central banks.

Spot gold edged up 0.1 percent to $1,728.64 per ounce, while U.S. gold futures were up 0.1 percent at $1,726.65.

Investors awaited the release of a highly anticipated U.S. inflation report later in the day for clues as to whether inflation has peaked.

Economists forecast headline inflation accelerated to 8.8 percent year-on-year in June, marking a 40-year high.

A high reading would add more pressure on the Fed to hike rates by another 75 basis points later this month on top of June’s three-quarter point hike.

China’s exports grew at their fastest pace in five months in June, while imports rose at a slower pace, customs data showed earlier today.

Elsewhere, Eurozone industrial production rose 0.8 percent sequentially in May, well above expectation for a 0.2 percent increase.

The British pound appreciated against its major rivals after data showed that the U.K. economy expanded faster than expected in May.

The Bank of Canada will announce its interest rate decision later in the day, with economists expecting the central bank to raise interest rate to 2.25 percent from 1.5 percent. The quarterly monetary policy report will contain updated economic forecasts.

‘My Name Is Sara’ Review: Keeping Secrets in Close Quarters

In this intermittently powerful if somewhat stiff-jointed Holocaust drama, a Jewish girl poses as a gentile and works as a nanny for a Ukrainian farmer and his wife.

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By Ben Kenigsberg

‘The Killer’ Review: Stylistic Action Without the Heart

In this South Korean film, a teenage girl kidnapped by human traffickers brings an assassin out of retirement to save her.

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By Robert Daniels

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Renault sales plunge as microchip shortage hits

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The motor giant said that it sold a million cars during the first half of the year, down 12 per cent compared with the same period in 2021.

It said its sales performance had suffered due to the microchip shortage and its decision to shut its Russian operation in response to the invasion.

But Renault said it had seen strong sales of its electric and hybrid vehicles.

Electric and hybrid sales accounted for 36 per cent of its European car sales in the first half, up from 26 per cent last year.

Phoebe Robinson Is Trash, and She’s Fine With It

Robinson created and stars in “Everything’s Trash,” a new series that “is a celebration of people who aren’t in a rush to change who they are,” she said.

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By Alexis Soloski

MindTree Q1 Net Profit Rises YoY; Revenue Up 28.6%

MindTree Ltd. (MINDTREE) reported first quarter net profit of $60.3 million, a growth of 29.7% year-over-year. Revenue was $399.3 million, up 28.6% from last year. EBITDA margins was at 21.1%. The company recorded its highest-ever order book at $570 million, for the quarter.

Debashis Chatterjee, CEO and Managing Director, said. “With revenues up 5.5% sequentially in constant currency on the back of a healthy demand for our digital capabilities, this was our sixth consecutive quarter of more than 5% revenue growth in constant currency.”

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