Indian brews are in the news. Whether it's Amrut Fusion single malt, once voted the third-best whisky in the world, or the all-Indian flavours of the smoky Woodburns, or Solan Number One, which shares its geography with Old Monk rum, the world can't have enough of the desi spirit.

HDFC Life closed FY22 with embedded value at Rs 30,000 crore. The embedded value (EV) — a key measure of growth and profitability of a life insurer — is determined by the present value of the firm's future profit plus adjusted net asset value.

Notably, the projected wheat production is lower by 4.61% from the earlier estimate for the 2021-22 crop year. The Agriculture Ministry had earlier attributed the fall to lower crop yields, mainly in Punjab and Haryana, due to the heat wave. Rice, oilseeds, pulses, meanwhile, are powering ahead.

The NCLAT upheld the earlier orders of the Allahabad bench of the National Company Law Tribunal (NCLT), which had on April 5, 2022, rejected the plea of Hinduja Leyland Finance. The NCLT had said the date of default was December 24, 2022, which falls within the prohibition period mentioned in Section 10 A of the Insolvency & Bankruptcy Code. This was challenged by the Hinduja Group firm before the National Company Law Appellate Tribunal (NCLAT) contending that December 24, 2022, was wrongly mentioned as the date of default in the petition before NCLT.