June 2020

Klips for 30th June

National 🇮🇳 | India bans 59 apps which are mostly Chinese
– The list includes the highly popular TikTok, amongst other widely used apps such as CamScanner, ShareIt
– The apps were banned citing national security; the IT ministry said the apps are ‘prejudicial to sovereignty and integrity of India, defence of India, security of state and public order’
Reuters: https://reut.rs/38cPRJd

PM to address nation at 4PM today

Tech 📱 | Twitch, Reddit suspend Trump handles citing hateful content
– Reddit banned r/The_Trump on its platform
TC: https://tcrn.ch/31oNn98

Amazon Prime Video launches ‘Watch Party’ feature
– It allows co-viewing of content with support for 100 participants
– The feature is being tested in the US
TC: https://tcrn.ch/2CLMPQe

Opinion: It’s Zuckerberg and Facebook’s Time to Bend
– ‘The top 50 advertisers on Facebook accounted for just 4% of the company’s sales last year. The vast majority of the rest comes from millions of small- and medium-sized businesses that are less affected by any public shaming from activists, and arguably more reliant on the exposure they get from buying ads on Facebook and Instagram’
Bloomberg: https://bloom.bg/2Vv68Um

Opinion: It’s Hard to Be the Next China, Not Impossible
– ‘Hundreds of millions of pandemic-hit Indian workers need jobs, even if that means making things like solar panels that China can supply far more competitively.’
BQ: https://bit.ly/2VyZaxY

🗣Interesting: Sundar Saralaya’s legacy of serving food at lower prices continues
DH: https://bit.ly/3ge0WfU

Klips for 29th June

World 🌎 | Iran issues ‘arrest warrant’ against Trump
– The warrant was issued for killing Qassam Soleimani, who was killed in a US drone attack in Feb
Reuters: https://reut.rs/31reujR

National 🇮🇳 | 66% of fresh graduates have no job offers: Naukri survey
– The survey, conducted by Firstnaukri.com across 1300 graduates & students, states that 44% of those with offers have got delayed joining dates & 9% have had their offers revoked
DH: https://bit.ly/3eElEoC

Economy & Business 💰 | Jio subscriber base increases by 6.2mn in Feb: TRAI
– Interestingly, TRAI did not release updated numbers for Mar, Apr, May
– Also, the report, which is generally released each month, was last released on 8th May and before that in Feb
– Voda-Idea lost 3.2mn subscribers, yet its stock was up ~7% today, and is set to announce its results tomorrow
Livemint: https://bit.ly/3ePD3uQ

Govt extends ‘deadline’ for Air India sale bids by 2 months
– This is the 3rd such extension
– The new ‘deadline’ to express interest is Aug 31st
Hindu: https://bit.ly/2ZnljAn

🗣How can India tame its growing debt load?
– ‘The government will borrow an additional Rs 4.2 lakh crore this year – a 50% spike from the budgeted figure.’
Scroll: https://bit.ly/3dJg5Uz

🗣Explained: Why, despite the pandemic, some billionaires are becoming richer
IE: https://bit.ly/2YFn8t8

Interesting: It Is What It Is: a fake app hyped on Twitter turned into a fundraiser for racial justice causes
👁 👄 👁
Verge: https://bit.ly/2BMPHMj

Klips for 27th June

⭐️ 🗣 Covid is making brands opt for skyrise marketing to reach the ‘low-lying’ consumer
– ‘Skyrise markets’ today represent a huge opportunity for brands, large retailers and e-commerce platforms due to natural grouping of similar customer profiles.
Print: https://bit.ly/2BNsQQY

National 🇮🇳 | Father-Son custodial death sparks outrage
– Jayaraj and his son Bennicks were brutally thrashed, leading to their custodial death in Sathankulam, TN near Thoothukudi
– This led to an outrage on social media with people comparing the incident to George Floyd’s death
– The NHRC reports that custodial deaths have ‘become almost routine’ with 15 deaths reported everyday (many go unreported)
Reuters: https://reut.rs/3dC7R0v
NHRC: National Human Rights Commission

IMD: Monsoon covers entire country, 2 weeks ahead of schedule
– The normal date is July 15 for full coverage
Reuters: ki https://reut.rs/31h9gXS

Economy & Business 💰 | FB shares fall 8.3% as companies pull away from ads during elections
– Verizon, Coca Cola, Unilever, amongst other large brands have decided not to advertise on FB saying: ‘until Facebook can create an acceptable solution that makes us comfortable and is consistent with what we’ve done with YouTube and other partners’
– FB recently chose to not flag dubious posts by Trump as well as said it will not filter political ads
TC: https://tcrn.ch/2A9Xt2v

Tech 📱 | Amazon to acquire self-driving startup Zoox
– FT reported the deal to be worth $1.2bn
TC: https://tcrn.ch/3eJm8da

Microsoft to close all retail stores permanently
– ‘Our sales have grown online as our product portfolio has evolved to largely digital offerings’, Microsoft said
BS: https://bit.ly/2NCigPj

🗣Interesting: DoT’s call to ban Chinese equipment use in BSNL and MTNL is a hoax; here’s why
– ‘Going by the historical track record of DoT, the decision seems more like a knee-jerk reaction which is being taken to join the “ban Chinese” bandwagon’
Business Today: https://bit.ly/3g4TVxA

🗣Interesting: The rise of diesel: From Rs 12 cheaper than petrol in 2014 to becoming costlier
– ‘From the highs of $105 per barrel in 2014 to $74 per barrel in 2018, the current prices hover near $40.’ Yet fuel prices in India ate near record highs
Week: https://bit.ly/3dEos3Q

Coronavirus update:
– Total cases in India cross 5L; last 1L cases added in 6 days
– US: 45000 new cases in a single day, highest ever

Klips for 26th June

⭐️ Interesting: Fair and Lovely: Can renaming a fairness cream stop colourism?
– ‘While many rejoiced over the announcement, describing it as historic and a huge victory, others pointed out that it was old wine in a new bottle as the company was still going to sell the same cream with the same ingredients, but with a new name.’
BBC: https://bbc.in/3g0O0da

National 🇮🇳 | Lighting strikes across Bihar kill 83
Reuters: https://reut.rs/3dvdw8x

Trains cancelled till Aug 12th, only special trains to run
– The railways had earlier opened bookings on all routes from July 1, but all such tickets will now be cancelled and money refunded
– Only 230 special trains will continue to run
Hindu: https://bit.ly/2CAAkH8

Economy & Business 💰 | Wirecard files for insolvency
– The German FinTech major, which was valued at $29bn, is likely to go bankrupt as it has only a week to pay back loans with $1.5bn
– EY, which has been Wirecard’s auditor for a decade, is likely to come under the scanner for its role
Reuters: https://reut.rs/2NucOOh

Tech📱| Brazil central banks suspends Whatsapp Pay
– This comes barely a week after the service was launched
– FB said it had been in regular contact with authorities and the move comes as a ‘surprise’
Verge: https://bit.ly/3eAKHch

Sport ⚽️ | Liverpool win EPL with 7 games to spare

🗣Opinion: China is on LAC to tell India who the ‘big brother’ is, not to gain territory
– ‘A seasoned political leader once told me that politicians have one major weakness—they repeat a lie so many times to shape public perception that after a point in time they themselves start believing in that lie.’ An interesting read by Lt Gen HS Pasang. Worth reading 2nd half to understand why China is playing the aggressor role
Print: https://bit.ly/2Z4NuE0

Klips for 25th June

⭐️ After the lockdown, a newspaper vendor in Mumbai is losing clients to online media
– ‘Everyday, some people call and ask me to restart their papers, and then call again to cancel because their neighbours are uncomfortable. Many of my customers have told me that they are used to reading news online now’
Scroll: https://bit.ly/2A0fEr9

National 🇮🇳 | Diesel becomes costlier than petrol in Delhi
– Diesel is now priced at ₹80.02 as compared to ₹79.92 a litre in the capital
– Fuel prices have been increased for 19 consecutive days
BQ: https://bit.ly/2BAFySP

Economy & Business 💰 | IMF revises India’s FY21 forecast to a 4.5% contraction
– In April, the IMF had forecasted a 1.9% growth for FY21
– IMF attributed this change to ‘a longer period of lockdown and slower recovery than anticipated in April’
Livemint: https://bit.ly/3du4aK7

🗣Co-operative Banks to be brought under RBI Supervision
– There are 1482 co-op banks and 58 multi-state co-op banks
– This decision, which will be promulgated via an ordinance, comes after the recent PMC Bank debacle
Wire: https://bit.ly/31eHmvG

Tech 📱 | Amazon’s AWS launches Honeycode, a no-code web app builder
– The tool is aimed at reducing spreadsheets ‘being sent back and forth’, by creating custom applications
– Slack is one of the first customers for Honeycode
TC: https://tcrn.ch/3hZXDdJ

🗣Interesting: Ruchi Soya market cap closes in on Marico, it’s high time Sebi takes note
– The stock has risen 8000% since Jan, since completing the bankruptcy resolution process
– Patanjali bought a stake worth ₹4350cr, which is now worth ₹40,000cr
Livemint: https://bit.ly/2Vx17uT

Klips for 24th June

Opinion: Galwan Valley incident is a failure of India’s intelligence system
– An article by former Principal Director Naval Intelligence Commodore Udai Rao, which asks the right questions
DH: https://bit.ly/3i2R5LF

World 🌎 | Earthquake measuring 7.4 strikes southern Mexico
– Atleast 6 ppl have been reported dead with many injured near the epicentre at Oaxaca
– The quake’s effects were also felt in Mexico City, with building being damaged
Reuters: https://reut.rs/2CB0JEV

Economy & Business 💰 | Currency circulation surges, indicates uncertainty amongst Indians
– As people began hoarding cash, India’s M3 money supply rose 6.7% in the first 5 months, as per the RBI
– This is the highest in 7 years
Reuters: https://reut.rs/2YnEhYa

SoftBank begins sales of $21bn worth T-Mobile shares
– In total SoftBank will divest 2/3rds of its 24.6% stake in T-Mobile
Reuters: https://reut.rs/2Ni9eH4

🗣Interesting: Amid Covid-19, ‘vaccine king’ Cyrus Poonawalla’s wealth grows fastest in India
– His wealth has increased around $15bn during the world pandemic
Livemint: https://bit.ly/3hQ73IR

🗣Interesting: Taking no chances: No dine-in, only takeaway at Vidyarthi Bhavan
– ‘Even now, there are 500 footfalls. We are concerned about the customers and also our staff. Many customers may unknowingly carry the virus and may spread to others in the hotel’
DH: https://bit.ly/2V8zOXm

Interesting: Inside the Baffling World of Masayoshi Son’s Presentations
– ‘Son reserves his weirdest and most sentimental ideas for SoftBank’s annual shareholder meetings’. Here’s a look at some of them
Bloomberg: https://bloom.bg/2YVZmrG

Coronavirus update:
– Djokovic tests positive
– Cases spike in BLR; calls for a lockdown
– Delhi now has 2nd highest cases ahead on TN

Klips for 23rd June

Here’s Why China Wants Trump to Win
– ‘The damage Trump is doing to U.S. power and the global democratic community outweighs any harm he is doing to Beijing’
Bloomberg: https://bloom.bg/31a4tr4

World 🌎 | Trump suspends entry of H1-B visa holders
– He also suspended entry of H2-B, H4 and L visa holders in a move that will open up 5.25L jobs for Americans
– The suspensions will stay till year end
Reuters: https://reut.rs/3hQwREA

National 🇮🇳 | Kerala unhappy with IMD, funds pvt forecasters
– The Kerala govt has released ₹95 L to Skymet, Earth Networks & IBM Weather Company
– The IMD had promised to install 15 Advanced Weather Systems before the monsoon, but failed to so
Hindu: https://bit.ly/2CyjUz9

Niche TV channels go off-air
– Channels such as AXN have been taken off by Sony and Star World is also likely to be taken off air
– This comes as a result of falling ad revenues and uptake of OTT players like Netflix, Amazon Prime and others
Livemint: https://bit.ly/2BAoP1O

Interesting: China’s biggest bank makes inroads into India market
– The Beijing-based bank, which operates through a single branch in Mumbai, saw its loan book grow 42% in a year to ₹1,250 crore in FY19
Livemint: https://bit.ly/37Qb8bm

Interesting: French defy lockdown with Festival of Music
BBC: https://bbc.in/3duoATf

Opinion: Vigilance Paramount – On State’s tackling of Coronavirus
– While Kerala, Karnataka & AP have done well, it does seem like some states like Gujarat, UP, Bihar & Telangana are hiding numbers.
Hindu: https://bit.ly/2BtJkNO

Opinion: Paytm needs to fix its own security systems to solve phishing problems and start behaving like a responsible payment service provider
Patriot: https://bit.ly/3erIfEW

Klips for 22nd June

Economy & Business 💰 | Wirecard says $2.1bn hole in accounts likely never existed in reality
– Germany’s financial watchdog Bafin called the case a ‘total disaster’
Reuters: https://reut.rs/2ByTH2L

Yes Bank to ‘skip’ interest payment for Tier-II bonds as it fails to meet capital adequacy ratio
– The bank’s capital adequacy stands at 8.5% as opposed to the RBI requirement of 11.5%
– Citing this, the RBI denied it permission to pay interest due
– The bank will soon be launching an FPO, after board approval, to raise ₹10000cr
BQ: https://bit.ly/3epwXRp
#FPO: Follow-on Public Offer

🗣Glenmark’s stock jumps 27% on launch of antiviral drug FabiFlu
– Glenmark received approval from DCGI and is based on Favipiravir which is being administered in mild cases of COVID-19
– As per tests on 150 COVID-19 positive cases, patients with mild & moderate symptoms did not deteriorate into critical cases
CNBC: https://bit.ly/2zXDSCy
#DCGI: Drug Controller General of India

Tech 📱 | Canva valuation nearly doubles to $6bn
– The Australian ‘design platform for non-designers’ raised an additional $60mn taking total funds raised to $300mn
TC: https://tcrn.ch/3drCHZA

🗣Interesting: Ladakh face-off | Chinese media lauds Modi’s speech
– The Chinese media on Sunday welcomed Prime Minister Narendra Modi’s comments on the border, made at Friday’s all-party meet, saying they would pave the way for de-escalation.
Hindu: https://bit.ly/2YYxhQD

🗣Interesting: The chariot of wonder
Summary: ‘It would be the first time in the 284-year-long history of Rath Yatra that the annual procession of the Holy Trinity — Lord Jagannath, Lord Balabhadra and Devi Subhadra — to Gundicha Temple would not happen.’
DH: https://bit.ly/2NwVuZf

Klips for 20th June

⭐️ Opinion:Modi’s foreign policy puts Modi first, India second
– ‘If Narendra Modi’s foreign policy objective was India and not Modi, he would have been less appeasing of Chinese President Xi Jinping.’
Print: https://bit.ly/2V3E5eB

World 🌎 | Beijing to have more control over HK with security law
– As per the details made public today, HK’s leader Carrie Lam will be able to appoint judges to hear matters of national security’, among other powers
– The law is the biggest change in the city’s ‘way of life’ since 1997
Reuters: https://reut.rs/311SFaw

COVID-19 was present in Italy in Dec ‘19 as per sewage samples study
– Sewage samples taken on 18th Dec 2019 showed strains of COVID-19
– Other countries including Netherlands, Australia, France have also found strains of the virus in sewage
Reuters: https://reut.rs/3fKklVv

National 🇮🇳 | PM Modi: ‘Nobody has intruded our border’ on China border issue
– The PM made the statement at the end of the all party meet held yesterday
– This contradicts External Affairs Minister’s statement on Wed when he said the conflict began after China tried to erect a structure on India’s side of the LAC
– It has also come to light that atleast 10 Indian soldiers were held captive by China, but have now been released safely
Reuters: https://reut.rs/3hMN6Cv
#The PMO today issued a clarification on the PM’s statement, DH: https://bit.ly/2YRSsnB

Tech 📱 | Google fined $57mn by French Court for GDPR violation
– This is the biggest such fine against a tech giant under GDPR
– Google was fined for not showing information related to targeted advertising clearly & sufficiently to users
TC: https://tcrn.ch/2Ng2ucB
#GDPR: General Data Protection Regulation

🗣Interesting: Gobi manchurian and chilli chicken are ‘made in India’, Athawale’s ban on Chinese food futile
Print: https://bit.ly/2YWojU7

Coronavirus Update:
– Highest number of new cases reported at 14000+, total cases near 4L
– Chennai goes into lockdown as cases spike

Klips for 19th June

Interesting: RIL nears deal with Future Group
– The deal is likely to be announced early next month
– Shares of Future Retail hit the upper circuit yesterday as the news broke
– Amazon indirectly holds a 1.3% stake in Future Retail via its investment in Future Coupons Ltd
BQ: https://bit.ly/2UXrAB8

World 🌎 | Abe’s approval rating at record low after former justice minister arrested for ‘buying votes’
– Abe’s own party members and rivals feel he won’t last his entire term which ends next year
Reuters: https://reut.rs/2Cgnz4p

Economy & Business 💰 | Fitch cuts India’s rating outlook to ‘negative’
– ‘The coronavirus pandemic has significantly weakened India’s growth outlook for this year and exposed the challenges associated with a high public-debt burden’ said the rating agency
Reuters: https://reut.rs/3fGihhf

Saudi’s PIF to buy 2.32% stake in Jio
– This means Jio Platforms has now sold 24.7% stake
– Once again, the announcement has been made on Friday/weekend
– Startups and SoftBank have stayed away from Saudi’s PIF funds since it was reported that WP’s journalist Jamal Khashoggi was ordered dead by the Saudi Crown Prince who heads the fund
Reuters: https://reut.rs/30RBw36
#PIF: Public Investment Fund

Tech 📱 | Google’s Area 120 launches Pintrest-like curation platform called Keen
– Keen will allow users to get update on topics of their interest, like Google Alerts
TC: https://tcrn.ch/3hJKepW

Interesting: UP Police Registers FIR Against Journalist Supriya Sharma For Report on PM’s Adopted Village
– ‘The journalist and Scroll.in’s ‘editor-in-chief’ have been booked under the Scheduled Caste and Scheduled Tribe (Prevention of Atrocities) Act, and sections of the IPC.’
Wire: https://bit.ly/3ddUV0J

Opinion: Fleecing fuel users: On hike in petrol, diesel prices
– ‘The timing of the recent moves to raise levies and retail prices by the governments and fuel marketers, respectively, is at odds with logic at a point when the country is grappling with the impact of a pandemic.’
Hindu: https://bit.ly/2N7TEh9

Klips for 18th June

⭐️ China Is Foolish to Make an Enemy of India
– ‘While the People’s Republic may be more powerful now, its arrogance is driving Asia’s other giant into the arms of the U.S.’
Bloomberg: https://bloom.bg/2YcYH6d

World 🌎 | Trump sought China’s help to win election: Former NSA book
– John Bolton was fired by Trump in Sept last year as the National Security Advisor
– In his book he claims Trump ‘pleaded Xi to help him win the re-election’
– The Trump administration is seeking an injunction on the book’s launch
Bloomberg: https://bloom.bg/2Y8XjBv

National 🇮🇳 | India elected to UN Security Council as non-permanent member
– Mexico, Ireland & Norway were the other countries that were elected
– The Security Council is the only UN body ‘that can make legally binding decisions’ such as imposing sanctions on nations

Oppo cancels online launch event amidst calls for boycotting Chinese goods
– Oppo was set to broadcast live on Youtube the India launch of its Find X2 phone yesterday, but chose instead to upload a 20min video
Reuters: https://reut.rs/2USrACC

Economy & Business 💰 | RBI proposes norms for regulatory parity between housing lenders and NBFCs
– This comes 10 months after housing lenders came directly under it regulatory control
Details: https://bit.ly/37DZDUh

Interesting: Behind the Jio investment rush
– ‘When Jio Platforms was created, most of the debt was shifted to the parent company’s books. Even so, the balance sheet of the digital company remains bloated and return ratios aren’t yet decent.’
– ‘Success is not a given. Worthy competition still exists in many of the verticals Jio Platforms is targeting. Also, the ability to monetize Jio is yet to be displayed.’
Livemint: https://bit.ly/30SkfXx

🗣Opinion:Divided by a virus — why the pandemic makes it look like nobody is in control in India
Print: https://bit.ly/30TiUzy

🗣Interesting: The reasons behind Delhi’s growing coronavirus crisis
– An interview with surgeon Dr Arvind Kumar of Sir Ganga Ram Hospital: ‘one of the main reasons why the numbers are increasing is that people have developed a feeling that everything is good, and that the crisis period is over’
Scroll: https://bit.ly/3ddOsmg

Klips for 17th June

World 🌎 | UK scientists find major breakthrough in coronavirus cure for critical cases
– The steroid dexamethasone, which is cheaply and widely available, has been found to reduce deaths by a third in critical cases
– The findings are yet to be peer reviewed, but are likely to find global adoption
Reuters: https://reut.rs/2N5XcjM

After weeks of protests, Trump passes order for police reform
– The order aims to improve data sharing, employ latest standards amongst other measures
– Joe Biden and the Democrats said the order was insufficient and the House will put its own set of legislations for vote later today
Reuters: https://reut.rs/30ZXRM7

National 🇮🇳 | 20 Indian soldiers killed by Chinese troops
– The statement by the Indian Army shared no further details
– PM Modi, before his meeting with CMs, said that India wants peace but is capable of giving a befitting response
Reuters: https://reut.rs/2zBtL63
#News agency ANI has been reporting figures of 40+ Chinese soldiers being killed, without providing any proofs to that end

Economy & Business 💰 | HSBC revives plan to cut 35000 jobs
– The bank will also maintain a freeze on all external hiring, as per a memo sent by HSBC’s CEO today to all employees
– The bank had put its layoff plan on hold amidst the coronavirus outbreak
Reuters: https://reut.rs/2BhCk6s

Tech 📱 | FB to allow users option to turn off ‘political ads’
– FB, however, will continue to not fact-check such ads, a move that has been widely criticised
Techcrunch: https://tcrn.ch/3e8Ltgs

Airtel buys 10% stake in kids edtech startup Lattu Media
– This is the 4th investment by Airtel’s Startup Accelerator Program
Livemint: https://bit.ly/3dgD35u
Sport ⚽️ |

Interesting: In 11 days, fuel rates went up by ₹6 a litre
– Petrol is at a 19 month high of ₹77 (Delhi)
– This even as global fuel prices hover at a low of $40/barrel
Livemint: https://bit.ly/3hDtyRa

Interesting: Apple’s Dominance Is Finally Under Threat
– ‘The European Commission launched two investigations into Apple on Tuesday. One major focus is on a contentious rule that limits what app developers can tell users about payment options beyond the App Store.’
Bloomberg: https://bloom.bg/2AJoXfx

Coronavirus Updates:
– AAP’s MLA Atishi tests +ve
– States reconcile death figures: total deaths cross 12000

Klips for 16th June

World 🌎 | 2021 Oscar’s ceremony to be delayed by 2 months
– The ceremony, normally held in Feb, has been pushed to April 2021
– This also means the Oscar-eligibility cut off is extended by 2 months
DH: https://bit.ly/3d4RTM4

Economy & Business 💰 | 1/3rd firms fail to pay PF contribution in April
– 321800 companies paid their dues which is 178000 lesser than March and almost 2L lesser than Feb
Livemint: https://bit.ly/37wIuff

PaisaBazaar lays of almost 1500 employees
– This represents almost half its workforce, most of whom were in operations
– Demand for loans and credit cards has fallen 90% as per sources
Livemint: https://bit.ly/3e9kQbg

Tech 📱 | Whatsapp ‘launches’ payments in Brazil
– This is the first, so to speak, commercial launch of payments for Whatsapp
– Whatsapp will charge a 3.99% processing fee and will ise Facebook Pay
TC: https://tcrn.ch/2Y5XzS0

Opinion: Cheque Bouncing: Join The League Of ‘Civil’ised Nations
– ‘A recent proposal by the Government of India, to decriminalise ‘cheque bouncing’ cases, has come in for a torrent of criticism from bankers and lawyers. But, the government must be congratulated for proposing the removal of this medieval offence from the statute book.’
BQ: https://bit.ly/2zAOOWx

Interesting: Japan to End Longest IPO Drought Since 2009 With Three Listings
Bloomberg: https://bloom.bg/3e7kMIK

Opinion: Call for action: On ICMR antibody test study
– ‘The results of a serological test conducted across 69 districts by the Indian Council of Medical Research (ICMR) have indicated that the confirmed numbers of COVID-19 infections reported from the RT-PCR tests are likely an undercount’
Hindu: https://bit.ly/37xSPr5

Interesting: Zara’s owner bets crisis will speed up fashion’s big trend
– ‘Global clothing retailer Inditex is doubling down on the industry’s digital transition with a plan to operate fewer, larger stores’
WSJ via Livemint: https://bit.ly/2BgggZV

Pause, rewind, play: Steffi Graf clinches her last Grand Slam title by beating Hingis
Scroll: https://bit.ly/3ftl8tM

Klips for 15th June

⭐️ Byomkesh Bakshy to MS Dhoni: Seven roles that defined Sushant Singh Rajput
Scroll: https://bit.ly/37wy2EE
#The actor committed suicide and was aged 34. His last theatrical release was ‘Chichore’, based on dealing with exam pressures and suicide

National 🇮🇳 | Earthquake of 5.5 magnitude in Gujarat
– The earthquake struck around 8PM yesterday, about 85km from Bhuj
– No injuries or damage have been reported so far
Hindu: https://bit.ly/37tZDGl

Local trains to commence in Mumbai from today for essential workers
– WR will run 120 services while CR will run 200 services a day (~1 every 15 min)
– Here essential workers include those working in the police, health and civic personnel and having a govt ID card
Hindu: https://bit.ly/2Y2z8Vy

Tech 📱 | TikTok maker ByteDance to shut down Vigo apps in India
– The apps were almost similar to TikTok and had 4mn active user in India a month, their biggest market outside China
– Oddly, the company, until recently, continued to post jobs for roles within Vigo, calling it one of the company’s ‘biggest businesses’
TC: https://tcrn.ch/37vZbYa

Interesting: Bankrupt Hertz given approval for unprecedented share sale
– The car hiring company can sell upto $1bn of new stock with no actual business
– Generally companies tap into loans, that are expensive, when in a bankruptcy, as their equity had much lesser value
– The move is likely to benefit day traders, as it allows them to ‘play the market’
FT: https://bit.ly/3d5TbXc
(Ping if link doesn’t open)

Interesting: Delhi patients slapped with ‘exorbitant’ bills by private hospitals
– ‘While I was admitted there, I barely received any treatment as my condition was stable. I was discharged within four days, but I was handed an exorbitant bill of ₹1.98 lakh’ at Max Saket
– Earlier the patient was asked to deposit ₹5L at Ganga Ram Hospital
– Claiming these ‘cover charges’ under insurance depends from policy to policy (and generally may not be covered)
Hindu: https://bit.ly/37uuySL

Opinion: The emergence of the real Kejriwal
– ‘Mr. Kejriwal had figured the cocktail that sways politics — a hybrid of left-leaning economic measures and right-leaning cultural flashing.’
Hindu: https://bit.ly/2Y3YH8G

Klips for 13th June

World 🌎 | Nepal parliament approves new map that includes land disputed with India
– This comes after India recently inaugurated an 80km road connecting Uttarakhand to Tibet, that passes through land which Nepal says belongs to it
Reuters: https://reut.rs/2YuPwwV

Beijing shuts down some markets after new Coronavirus cases detected
– 45 out of 517 ppl tested at the Xinfadi market were positive but showed no symptoms of the virus
– 11 neighbourhoods around the market have been shut down for 24hrs
Reuters: https://reut.rs/2MVlE7G

National 🇮🇳 | 🗣Aarogya Setu not mandatory for air, train travel: Centre to HC
– This came after a petition filed by a cyber activist who questioned the law under which the app was made mandatory
– The Centre said it had modified its guidelines which had made installing the app mandatory for travel
Scroll: https://bit.ly/3d0zX58

Tech 📱 | Whatsapp likely to allow usage of same account on 4 devices
– The feature has been spotted by WABetaInfo alongwith a feature to search using dates
– Until now, WhatsApp only allowed usage of an account on one mobile device
Livemint: https://bit.ly/2B43I88

🗣Interesting: Work from home has added to expenses, says TCS
– ‘Employees working from home during the nationwide lockdown was not a cost-saving measure for TCS said Tata Sons chairman N Chandrasekaran’
ET: https://bit.ly/3e0HvGq

Interesting: India’s Most Expensive Retail Space, Khan Market, Wheezes Under Coronavirus Fallout
– ‘In recent days, at least three well-known establishments in Delhi’s Khan Market, Turtle Cafe, Smoke House Deli & Side Wok, have gone public with announcements that they would be shuttering down permanently.’
NDTV: https://bit.ly/3dYK9wl

Interesting: Parottas, Rotis, GST And Twitter Memes
BQ: https://bit.ly/2XY2yDZ

Coronavirus Updates:
– Total cases in India cross 3L
– Shahid Afridi tests positive

Klips for 12th June

⭐️ Coronavirus Vaccine Tracker
– An excellent resource by NYT to know more about the more than 135 vaccines that are being developed and where the top ones lie in terms of successful testing and production. Worth bookmarking & sharing
NYT: https://nyti.ms/2MOWFCV

World 🌎 | UK economy takes a 25% hit due to coronavirus
– The figure reported is for March and April
– UK PM Johnson said, ‘Coronavirus is likely to hit a country like the UK economically very hard. We depend on services, on human contact’
Reuters: https://reut.rs/3dVCv5T

Economy & Business 💰 | India factory output contracts 55.5% in April
– In many cases data was unavailable and hence the govt said it should not be compared with last year’s data
– It also did not report retail inflation data for the same reason
– Food inflation stood at 9.69%
Livemint: https://bit.ly/3dZfrTV

M&M to sell off stake in SsangYong
– It owns 75% stake in the South Korean carmaker that it rescued in 2010
– M&M’s stock rose 7% today
Reuters: https://reut.rs/3dYccfr

SC says PSU’s do not have to oay AGR dues
– ‘It is apparent that the licences are different and our judgment in this case could not have been made the basis for raising the demand against PSUs’
– Oddly, the court itself ruled on the matter in Oct last year, without specifying that it doesn’t apply to non-telecom businesses
BQ: https://bit.ly/3cYqzz7
#AGR: Adjusted Gross Revenue

Opinion: The Judiciary Needs to Be Gently Reminded About the Constitution and Its Key Concepts
– ‘India’s constitutional courts were put in place to protect the rights of all, especially those not in the majority. The judiciary had a great opportunity to do just that but squandered it’, writes Dushyant Dave
Wire: https://bit.ly/2Yv6kny

Interesting: China annexes 60 square km of India in Ladakh as simmering tensions erupt between two superpowers
– This news has not been reported, oddly, by any major Indian news publication
Telegraph UK: https://bit.ly/2UE9rs7

Klips for 11th June

National 🇮🇳 | Online education ‘banned’ by Karnataka govt for KG to 5th Std
– The move comes after a report by NIMHANS and parent complaints
– However the govt only ‘insisted’ schools not to charge fees ‘in the name of online classes’
DH: https://bit.ly/3dU1qH3
NIMHANS: National Institute for Medical Health and Neuro Sciences

Economy & Business 💰 | S&P retains India’s sovereign rating at BBB-
– S&P said it expects India to outperform global peers and said longterm outlook is ‘stable’
BQ: https://bit.ly/335m16y

SEBI gives 3 months to issuers with unlisted NCDs, to list
– The move is aimed at ensuring Mutual Funds (MF) have only upto 10% unlisted NCDs
– Mutual Funds hold about ₹41,500cr of unlisted NCDs as of May
Livemint: https://bit.ly/3cLhuJW
NCD: Non Convertible Debenture

Tech 📱 | Twitter tests feature to inform users to ‘read before they retweet’
– The feature is aimed at promoting informed discussions
– A prompt will show up (at times) incase a person retweets an article without reading it on Twitter
TC: https://tcrn.ch/2znjIBF

Opinion: The leveller
– ‘Man seems to be overwhelmed by the formidable coronavirus. It sees neither caste, creed, community, religion, race, language, political leaning nor social status. The high and mighty have had to bear the brunt.  Suddenly, everyone has a lot of time …’
DH: https://bit.ly/2XPuYjp

🗣Interesting: Brazil deforested 10,000 square km of Amazon rainforest in 2019, up 34% on year
Reuters: https://reut.rs/2XPvgqv

🗣Interesting: Statues of Christopher Columbus are being dismounted across the country
– ‘Columbus has long been a contentious figure in history for his treatment of the Indigenous communities he encountered and for his role in the violent colonization at their expense.’
CNN: https://cnn.it/2XOCLOG

Archives: Amazon.com Is Expanding Beyond Books
– An article from 1998 that captures the moment when Amazon ‘pivoted’
NYT: https://nyti.ms/2zqTxdk