Klips for 27th June

A woman hugs a tree during "Save The Tree Campaign" in New Delhi

Brexit Bill now law, allows Britain to leave EU

  • Bill has been under debate since July ‘17
  • March 29, 2019 is envisaged as the day of Brexit
  • Chances of Britain not leaving EU ‘are now zero’

Argentina scores late winner, qualifies for knockouts

  • Argentina won 2-1 against Nigeria
  • Messi scores opener as Argentina secure escape from group stage

Uber gets probationary license to operate in London

  • Seen as small victory of sorts for new CEO Dara Khoshrowshahi
  • Uber’s earlier license was not renewed, owing to several controversies

US SC upholds Trump’s travel ban

  • Ban targeted at predominantly Muslim nations

SEBI to allow MFs to invest in commodities

  • Also considering derivatives on commodity exchanges

Interesting: Warren Buffett Chooses New Path for Newspapers After Lamenting Decline

https://www.bloombergquint.com/markets/2018/06/26/buffett-chooses-new-path-for-newspapers-after-lamenting-decline

Opinion: Saving Delhi’s trees

http://www.thehindu.com/opinion/op-ed/saving-delhis-trees/article24264723.ece

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

Klips for 25th June

Deport illegal immigrants with ‘no judges or court cases’: Trump

  • Critics indicate this would be a violation US Constitution’s due process provision
  • Hints at expedited deportation which is already followed at ports of entry
  • Statement made on Twitter, but not clarified by White House

Voda-Idea deal to get delayed, DoT demands Rs 4700cr in dues


WhatsApp to provide 24hr helpline number for Payments feature

  • Move is unlike tech companies which try to reduce costs by not have call centres
  • Support to be provided in 3 languages: Hindi, English and Marathi

Harry Kane scores hat-trick against Panama, England into knockouts


Opinion: OPEC, A sketchy deal

http://www.thehindu.com/opinion/editorial/sketchy-deal/article24247789.ece

Interesting: Co-Working spaces in Vogue this year

https://www.bloombergquint.com/technology/2018/06/24/startup-street-co-working-spaces-are-in-vogue-this-year

Sunday Klips for 24th June

mumbai_networks-1024x724

Fall of the American Empire

https://mobile.nytimes.com/2018/06/18/opinion/immigration-trump-children-american-empire.html

What Airbnb and Strava Know About Building Emotional Connections with Customers

https://hbr.org/2018/05/what-airbnb-and-strava-know-about-building-emotional-connections-with-customers

Uber Movement data for Delhi and Mumbai Traffic Congestion

https://www.livemint.com/Home-Page/CaJFjQMWgDR4dJrCRU1zFK/How-traffic-flow-affects-travel-time-in-Delhi-and-Mumbai.html


Driving ban for Saudi women ends today


Air India unveils ‘Maharaja Class’ sears in bid to increase 17% market share of International routes


LIC to buy govt stake in IDBI for Rs 10000cr, part of disinvestment plan


Maharashtra plastic ban begins today, offenders to be fine Rs. 5000


*Sunday Klips will feature more long form articles

Klips for 23rd June

OPEC meeting ends in Geneva, agrees to increase production marginally

  • However exact increase target in volume not disclosed, nor countrywise numbers
  • India, China, America had pleaded to increase supply to curb oil prices
  • Saudi Arabia likely to makeup for shortfall by Venezuela, Libya, Angola with Iran refusing to increase output

ICICI bank discloses 3rd whistleblower complaint


Demonetisation reveal: Amit Shah led Ahmedabad DCCB got maximum deposits in country, Rs 750cr in 5 days

  • Information revealed as part of RTI query
  • Similar cases seen in data revelation
  • Notably, RBI banned deposits to DCCBs within 5 days of demonetisation announcement
  • *DCCB: District Central Cooperative Bank


Environment ministry clearance duration for projects reduces to 170 days from 600

  • Raises concerns amongst locals, environmentalists as many clearances have been fast tracked recently
  • Public hearing exempted in some cases to save time
  • E.g. Clearance given to power project in Peedaveedu in 78 days (usually takes 6 months)

Justice Chelemeshwar serves last day in court, retires to Hyderabad

http://www.thehindu.com/news/national/i-have-done-my-duty-says-justice-chelameswar/article24233459.ece


Interesting: Jean therapy, Patanjali style

http://www.thehindu.com/society/jean-therapy-patanjali-style/article24231118.ece

Opinion: An adviser with nobody to advise

http://www.thehindu.com/opinion/op-ed/an-adviser-with-nobody-to-advise/article24234819.ece

Klips for 21st June

Chief Economic Advisor Arvind Subramaniam quits

  • 3rd high profile exit after Raghuram Rajan, Arvind Panagariya
  • Will return to academic research in US

Trump caves to political pressure, backs down on separating immigrant children at Mexican border

  • Executive order comes in wake of criticism by the Pope, human right activists and business leaders
  • Order will lead to confusion since children are likely to be kept in jail indefinitely, albeit with their parents
  • Two bills to be voted on today that look to address issue but also deny chance of future citizenship to ‘Dreamers’

Legal notice can now be served on Whatsapp

  • Delhi High court judge upholds notice served based on two blue ticks
  • May lead to ambiguity in case blue ticks disabled and could also be misused if contact stored incorrectly
  • But will greatly simplify process of serving notice in case of non-responsive parties

Interesting: Instagram to launch IGTV for long-form videos


Interesting: Amazon’s Alexa will now butler at Marriott hotels

http://in.reuters.com/article/amazon-com-marriott-intnl/amazons-alexa-will-now-butler-at-marriott-hotels-idINKBN1JF2S9

Interesting: Firefox Is Back. It’s Time to Give It a Try

https://mobile.nytimes.com/2018/06/20/technology/personaltech/firefox-chrome-browser-privacy.html

Opinion: Keeping it loose: the British economy

https://espresso.economist.com/f27a0cac5e379821e29bceef40e015d5

Opinion: Neither New nor Undesireable

http://www.thehindu.com/opinion/op-ed/neither-new-nor-undesirable/article24213212.ece

Klips for 20th June

BJP withdraws support to PDP, ends coalition

  • President orders Governor’s rule
  • Decision comes in the wake of several incidents including UN’s recent report and killing of a prominent journalist
  • The report states that the govt had used excessive force since 2016, called for international enquiry


Flash floods in northeast India, Bangladesh: More than 20 killed, million+ displaced


Starbucks closing 150 outlets on back of poor performance


Interesting: IBM Unveils System That ‘Debates’ With Humans

https://mobile.nytimes.com/2018/06/18/technology/ibm-debater-artificial-intelligence.html

Opinion: The Rise of the Amnesty Thugs

https://mobile.nytimes.com/2018/06/18/opinion/amnesty-deportation-immigration-family-separation.html

Klips for 19th June

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Chanda Kochhar goes on leave till completion of enquiry

  • Head of ICICI accused of quid pro quo by whistleblower and an article in the Indian Express
  • Sandeep Bakhshi, presently COO of ICICI Prudential Life Ins named COO of ICICI Bank
  • The case is a reflection of poor corporate governance by one of India’s largest pvt banks


‘Why are you sitting there?’ – Delhi HC questions AAP, Delhi CM sit-in

  • Sit-in enters 9th, Deputy CM Sisodia hospitalised
  • BJP stages it’s own sit-in at CM’s office

Google to invest $550mn in Chinese ecomm Jd.com

  • Deal meant to strengthen relationship with Walmart, an existing investor in JD.com
  • Partnership seen as a counter to Amazon.com

Audi CEO arrested in dieselgate scandal

  • Audi owned by VW which has been in turmoil since 2015 for fudging diesel emission reporting

Interesting: Behind flashy IPO of Japan’s Mercari lies a thriving thrift economy

http://in.reuters.com/article/mercari-deflation/behind-flashy-ipo-of-japans-mercari-lies-a-thriving-thrift-economy-idINKBN1JE0J1

Interesting: Winning the slottery: airlines

https://espresso.economist.com/0300481b1e495e3c919b5214dda7b26c

Opinion: Delhi stand-off: Power crisis

http://www.thehindu.com/opinion/editorial/power-crisis/article24195164.ece

Klips for 13th June

Kim-Trump meet: Trump promises to end war games
– Says ‘provocative exercises’ cost US a lot of money
– Joint statement: promise to work towards ‘denuclearisation’ of Korean Peninsula

AT&T wins court case challenging $85bn acquisition of Time Warner
– Trump’s gov tried to block deal
– Ruling like to have cascading effect for other large deals

Industrial output rises 4.9% in April

NCLT admits Videocon for insolvency proceedings (CIRP)

US Fed likely to raise interest rates today

Tesla lays off 9% of workforce

Xiaomi sales grow 88% globally
– 3/4ths of its $18bn sales come from mobile phone sales
– Company set to launch biggest IPO
– Company likely to raise $10bn, valuing it between $70-100bn

Uber launches Uber Lite, by India for India
– Lite version of original app
– Size only 5MB

Interesting
Women in Saudi Arabia rev up motorbikes
http://www.thehindu.com/news/international/women-in-saudi-arabia-rev-up-motorbikes/article24146888.ece

Uber applies for patent to determine how drunk riders are
https://www.bbc.com/news/technology-44452259

Opinion
Asian Games
http://www.thehindu.com/opinion/op-ed/asian-games/article24146163.ece

Klips for 12th June

Petrol, Diesel demand at record highs in May
⁃ This is despite record high fuel prices
⁃ Diesel 7.55mn ton Petrol 2.46mn ton
⁃ Passenger vehicle sales rose 20%


Bullet train project hits land acquisition roadblocks, likely to miss Dec deadline
⁃ Project funded largely by JICA through 50yr loan
⁃ Govt has offered 25% premium to market value
⁃ Japanese companies to supply 70% ofcomponents


‘Fair trade, fool trade’ – Trump continues ‘tweet war on trade’


Rolls-Royce to cut 4000 jobs due to engine problems
⁃ Trent engines in Boeing 787 Dreamliner ‘not lasting as long as expected’


Robert De Niro fires ‘F bomb’ against Trump
⁃ ‘It’s no longer down with Trump, it’s F Trump’
⁃ Said this on live TV at award function
⁃ Received standing ovation


WhatsApp to label messages as ‘Forwarded’ to keep spam in check


Interesting
What is Dolby Atmos? Explained in brief
https://www.howtogeek.com/355302/what-is-dolby-atmos/amp/

How to Pose for a Photograph
https://nyti.ms/2LJdNrF


Editorial
To the brink and back
http://www.thehindu.com/opinion/op-ed/to-the-brink-and-back/article24137866.ece


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