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?
Interesting: Daxing – World’s largest airport now open
Thr airport can handle 72mn passengers
Guardian: http://bit.ly/2nf1Q5k
