Klips for 26th June

Harley Davidson to move some production outside US to avoid EU tariffs

• This could save the firm $90-100mn
• The increased tariffs would have cost an avg of $2200 per bike

PolicyBazaar raises $200mn in funding round led by SoftBank

• Becomes only second Indian Fintech unicorn (valuation >$1bn) after Paytm

Delhi High Court bans felling of 16,500 trees

• The trees were to be cut for revamping South Delhi
• The matter came to courts through a single PIL filed by Kaushal Kant Mishra, an orthopaedic surgeon

Aramco to invest in Ratnagiri refinery project worth $44bn, India to bid for oil block in UAE

Interesting: Instagram could be worth $100bn

https://www.bloomberg.com/amp/news/articles/2018-06-25/value-of-facebook-s-instagram-estimated-to-top-100-billion<h5