Klips for 26th Sept

National 🇮🇳| Hyderabad gets heaviest rain in 100 years

  • The city received 7.5cm of rain with some parts receiving 13.2cm rain, causing flooding and traffic jams
  • The IMD said the city was witnessing an ‘unusual phenomenon’

Economy & Business 💰| Bulgaria’s Kristalina Georgieva named IMF chief

  • She becomes the first emerging market MD of the IMF
  • She has been the CEO of the World Bank will take over from Christine Lagarde

Reuters: https://reut.rs/2nhlOfW

#IMF: International Monetary Fund

PMC bank’s loans to HDIL come under lens

  • PMC lent money to HDIL, which was facing insolvency proceedings, at a rate of 13% with deposit receipts as a pledge
  • Also, HDIL owns 190000 shares of the bank besides 93000 shares of Dream The Mall, the company that owns the building housing the bank’s HQ

Livemint: http://bit.ly/2lbOaaD

Indo-US trade talks stall as US raises bar in removal of restrictions

  • The US demands included removal of tariffs on number of items, changes in e-comm law, including data storage and cloud computing
  • In return it was willing to provide only 50% of GSP benefits, that it ended recently

Livemint: http://bit.ly/2lOl9lJ

Tech 📱| WeWork Founder CEO Adam Neumann steps down

  • Two new CEOs have been appointed to replace Neumann

Techcrunch: http://bit.ly/2nijUvq

Opinion: The real deal – On India-US trade deal

After the Howdy Modi ‘success’, Trump offers a reality check

Hindu: http://bit.ly/2mQZ2ep

Opinion: A booster shot for India Inc is nice. But how will this lead to greater consumption?

When the problems are demand driven, how is a corp tax cut going to help that?

ET: http://bit.ly/2nmG3Ja

Interesting: Daxing – World’s largest airport now open

Thr airport can handle 72mn passengers

Guardian: http://bit.ly/2nf1Q5k

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