World 🌎| No-deal Brexit motion defeated, Boris to call snap elections
- The motion was defeated 328-301
- It is likely that Brexit will be delayed again, to Jan 31st 2020
Reuters: https://reut.rs/34l5ZFT
National 🇮🇳| Fire at ONGC’s Uran plant leaves 4 dead, CNG stations in Mumbai affected
- The cause of the fire is unknown
- MGL said gas supply to the city is ‘being normalized’
- Earlier, several CNG pumps in the city were shut down
Livemint: http://bit.ly/34lN6mj
Economy & Business 💰| Sensex falls 800pts (2%), has worst day in 11 months; Rupee at 9 month low
- The selloff follows weak GDP data and core sector growth slowdown
- Also the realisation that the economic slowdown is not just a ‘cyclical issue’ and could be prolonged has led to the selloff
- Even at these levels, Indian equity markets continue to be most expensive among peers
Livemint: http://bit.ly/34hHY2N
Govt comes to IDBI Bank rescue, hands out ₹9000cr
- Half of this will come directly from the govt, while the other half will come from LIC
- LIC owns 51% of the bank (a stake it recently bought from the govt)
- IDBI is the lead lender to Anil Ambani’s Reliance Naval, which faces insolvency
Livemint: http://bit.ly/2UsPvqJ
Xiaomi announces $1.5bn share buyback
- The move is expected to arrest its floundering stock
- While the company struggles in its home market of China, its phones continue to be popular in India
Reuters: https://reut.rs/34gityN
Sport ⚽️| Steve Smith overtakes Kohli to become No 1 batsman in ICC rankings
🗣Interesting: In rapidly growing Bengaluru, temples and kattes are sanctuaries for biodiversity
Scroll: http://bit.ly/2ZRTiPK
🗣On ground: 30 days later, Kashmir remains closed and watchful
- The emergency numbers to dial police, fire services and ambulances also remain out of reach
- A stark indicator of the situation is the failure of the Passport office to deliver over 2,000 passports in Kashmir
Hindu: http://bit.ly/2LjTGSU
