April ’19

Week 2 Week 3 Week 4 Week 5
Klips for 1st April

National 🇮🇳 | Govt extends Aadhaar linking date for IT returns
– The earlier deadline (31st March), has been extended by 6 months to 30th Sept

Jet pilots defer strike, seek salaries by 14th April
Reuters: https://reut.rs/2OAHGwb

13 bogies of Chapra-Surat Express derail, 6 injured

Economy & Business 💰 | BoB now 3rd largest banks as merger comes into effect
– Dena and Vijaya Bank will function as BoB from today

Tech 📱 |
Sport ⚽️ | F1:Ferrari’s 21 yr old Leclerc missed out on victory as Hamilton wins in Bahrain
Reuters: https://reut.rs/2CKnlju

Badminton: Axelsen beats Srikanth to win India Open

Op-Ed 📝
Interesting: Plastic Bags, or Paper? Here’s What to Consider When You Hit the Grocery Store
Some interesting anecdotes including: you need to use your cloth bag at least 131 times for it to have a lesser impact than using plastic/paper bags

Klips for 2nd April

National 🇮🇳 | TRAI issues showcause notice to BARC for not releasing TV viewership data
– BARC said that releasing the data could be misleading as there is significant volatility in the data
– DTH plans were changed in March as per TRAI’s mandate
Livemint: http://bit.ly/2HPIhcU
#BARC: Broadcast Audience Research Council

Economy & Business 💰 | SFIO arrests ex-IL&FS chairman
– Hari Sankaran was arrested for abusing his powers while issuing loans
Livemint: http://bit.ly/2HQZYJl
#SFIO: Serious Fraud Investigation Office

63% jump in electoral bond sale
– ₹1716cr worth of bonds sold in just two months
– Electoral bonds are anonymous and it’s not possible to trace the money trail
Quint: http://bit.ly/2Un4WU0

RBI tweaks NPA divergence reporting
– Only divergences greater than 10% need now be reported in what can be seen as a relaxation for banks

Tech 📱 | FB deletes accounts linked to political parties, Pakistan military
– FB said the accounts were deleted due to ‘unauthentic behaviour’
Reuters: https://reut.rs/2OEj4Te

Airbnb invests $200mn in Oyo
– This comes just before Airbnb’s IPO
– It gives Airbnb the ability to list 10000 Oyo properties in India and Dubai on its platform

Op-Ed 📝
Opinion: The Theory X and Theory Y of India’s economic reforms
Livemint: http://bit.ly/2WK7f0Z

Opinion: Saudi Aramco’s Double-Edged Advantage
Bloomberg: https://bloom.bg/2HSJale

Klips for 3rd April

National 🇮🇳 | Whatsapp launches fact checking service in India to counter fake news
– Users can send a WhatsApp message to +91-9643-000-888 and will get a response if the message is ‘true’, ‘false’, ‘misleading’, ‘disputed’ or ‘out of scope’
– The service has been developed by an India startup, Proto
Livemint: http://bit.ly/2FKUzjy

Economy & Business 💰 | Sensex at record highs, closes above 39000
– Asian markets are at a 7 month high
Reuters: https://reut.rs/2OE4WcU

SC squashes RBI’s circular on bad loans
– The Feb 12 circular said that banks could initiate insolvency proceedings after 180 days
– The SC’s order comes as a relief for power companies
Livemint: http://bit.ly/2UfeAso

Jet grounds another 15 aircrafts, operational fleet now only 30

Tech 📱 | Rajan Anandan quits Google India, to join Sequoia India as MD
– Anandan will help scale up Surge, Sequoia’s India focused accelerator

Op-Ed 📝
Opinion: Bitcoin Is Surging Again. Just Ignore It.
Bloomberg: https://bloom.bg/2UetYp4

🗣Interesting: ‘Nearly 70% chances of El Nino this year’ – Australian MET
Hindubusinessline: http://bit.ly/2FKsOHH

Klips for 4th April

National 🇮🇳 | NaMo TV: EC ‘seeks details’ from IB Ministry
– The channel is being broadcast since 31st March, two weeks after the code of conduct came into effect
Livemint: http://bit.ly/2FM2gpF

Skymet predicts below normal rainfall
– Rainfall is likely to be 93% of normal
– There is 15% chance of a drought
Livemint: http://bit.ly/2Udahhf

Economy & Business 💰 | Nearly 90% of IL&FS’ loans have turned into NPAs
Reuters: https://reut.rs/2UiYZbh

Tech 📱 | Whatsapp will let users control who can add them to groups
– Users will get a private message which they have to accept before they can be added to a group
Techcrunch: https://tcrn.ch/2Ueq5jR

Jio acquires 87% stake in chatbot startup Haptik for ₹700cr
BQ: http://bit.ly/2FRhGJd

TN High Court asks govt to ban ‘TikTok’
– The court said that the app exposes children to ‘inappropriate content’

Op-Ed 📝
Opinion: The United Kingdom Has Gone Mad
– by Thomas Friedman

Opinion: Proving a point on Audit Trail
An interesting viewpoint on EVMs and making the counting methodology foolproof yet efficient, by SY Quraishi, former Chief Election Commissioner
Hindu: http://bit.ly/2FLsoko

Klips for 5th April

National 🇮🇳 | President sends EC letter on Kalyan Singh to Home Ministry
– The EC has found that Kalyan Singh violated the Code of Conduct
– Kalyan Singh who is Rajasthan’s Governor said that he was a BJP ‘karyakarta’, despite his Constitutional position
Hindu: http://bit.ly/2IbWh01

Economy & Business 💰 | RBI cuts rates by 25bps, lowers growth, inflation forecast
– This is a 2nd successive rate cut

Jet Airway’s stake to be put up for auction on 6th April: Lenders
– The clarification comes a day after the SC judgement on RBI’s Feb 12 circular
– The resolution process was agreed on the basis of this circular
Livemint: http://bit.ly/2G0vlih

Tech 📱 | MacKenzie Bezos gives Jeff 75% of joint stock after divorce
– She has also given Bezos voting control of her shares
Techcrunch: https://tcrn.ch/2G0NTz4

Op-Ed 📝
🗣Opinion: SC ruling on bad loans is a bounty for 70 tycoons with $55 billion outstanding debt
Print: http://bit.ly/2IeKjmy

Opinion: Boeing’s 737 Max Isn’t Going to Fly Anywhere Soon
Bloomberg: https://bloom.bg/2G0ucam

Klips for 6th April

World 🌎 | Malpass elected as World Bank’s President
– Malpass, US Treasury’s undersecretary, was also Trump’s nomination

US count of Pak F-16 shows that no plane shot down: report
– India had said it had shot down a Pak F-16 in the aftermath of the Balankot airstrikes
– IAF reiterates that electronic signatures confirm F-16 hit
Reuters: https://reut.rs/2Ik9rrI

National 🇮🇳 | SC to hear petition on legality of Electoral Bonds
– These bonds allow political donations to be made anonymously, impacting transparency
– The case will be heard on 10th April
Livemint: http://bit.ly/2G2YIkf

B.Tech from IIT Bombay tops UPSC
BQ: http://bit.ly/2G5tn0h

Indian Oil resumes fuel supply to Jet Airways
– The OMC had stopped fuel supply due to outstanding payments
– The Govt seems to have stepped in to ask Indian Oil to extend a credit line
Livemint: http://bit.ly/2Vqy6Ph
#OMC: Oil Marketing Company

Economy & Business 💰 |
Tech 📱 | Apple Music cuts prices in India
– This seems like a reaction to Spotify which launched recently
Techcrunch: https://tcrn.ch/2IgA6Wu

Op-Ed 📝
A Challenging text: On Congress manifesto
Hindu: http://bit.ly/2DbmbOn

Klips for 8th April

World 🌎 | Pak says India preparing another attack this month
– The statement was made by Pak’s Foreign Minister and said the attack was planned between 16-20th April
– He also said that Pak had informed 5 UNSC members of its concerns
– India calls remarks ‘irresponsible’
Reuters: https://reut.rs/2G5rfFC
#UNSC: United Nations Security Council

Economy & Business 💰 | PE firm to acquire 30% stake in NIIT
– Baring PE Asia will buy the stake for ₹2627cr
– As per SEBI regulations, Baring also made an open offer for 26% additional stake

Dutch prosecutors arrest 3 for allegedly laundering $1.2bn for Reliance unit
– In the allegations it’s claimed that due to ‘over-invoicing’ Reliance could claim twice the cost from customers
– The matter relates to East-West Pipeline which Reliance sold off to a Brookfield led consortium
BQ: http://bit.ly/2If8TUh

Op-Ed 📝
🗣Opinion: ‘Black box thinking’ and the descent of Jet Airways
Livemint: http://bit.ly/2IkypYi

🗣Interesting: ECE bulb hi laana: How a boring brand name got etched in Indian memory
The Print: http://bit.ly/2G545z3

Klips for 9th April

National 🇮🇳 | SBI announces details of Jet stake sale
– Upto 75% stake is up for bidding with the minimum at 31.2%
– Several international airlines said to be in the fray including Delta, KLM-Air France
Livemint: http://bit.ly/2D5GX1F

Opinion polls put BJP in lead, just short of majority
– Both C voter and India TV CNX polls show BJP and allies close to 272 majority
– The polls show that the Balakot strike gave the party a push in satisfaction scores
Graphic: tmsnrt.rs/2WQGVSF

BJP promises to remove special status given to J&K in manifesto
– Also promises ₹100 trillion to create more jobs
– Says ‘Nationalism is our inspiration’

Tech 📱 | Pinterest IPO range sets its value at $10bn
– The value is about $2bn lower than its value as per the last funding round
Techcrunch: https://tcrn.ch/2VvNEBr

Op-Ed 📝
Interesting: Ujjwal scheme has had limited impact on LPG usage
– 98% households across Bihar, UP, MP and Raj had a LPG connection but also used a chulha
– 36% cooked everything on a chulha
– However the sample size was only 1200 households
Livemint: http://bit.ly/2VBcmjW

Klips for 10th April

World 🌎 | After China, Trump targets $11bn worth of EU products with tariffs
– As before, tweets that ‘Europe has taken advantage of US. It will soon stop!’
– Specifically targets Airbus (which is a rival to America’s Boeing)
Livemint: http://bit.ly/2Ib6L0m

Economy & Business 💰 | India manages to meets fiscal deficit target, through spending cuts
– The govt met its target of 3.4% through cuts in state spending and higher borrowings through small savings schemes
– The govt missed the tax collection target by 1L cr
Reuters: https://reut.rs/2ImR19P

IMF cuts India GDP forecast to 7.3% for 2019

After 25bps RBI cut, SBI cuts lending rate by 5bps
– The lending rate for loans upto ₹30L was cut by 10bps
BQ: http://bit.ly/2I9Cyiu
#bps: basis point, 1%=100bps

After M&M deal, Ford to end independent business in India
– Ford announced a JV with Mahindra and Mahindra
– The move indicates that Ford is unlikely to operate independently in India, in future
– In 2017, GM also exited India
Reuters: https://reut.rs/2IprmgP

Tech 📱 | India becomes YouTube’s biggest and fastest growing market
– Mobile consumption jumps to 85%
– 60% of watch time outside major metros
Hindu: http://bit.ly/2WXUsb6

Dream 11 valuation crosses $1bn after latest funding round
– The fantasy sports app has been mired by controversy and legal challenges as many question the prize money given as also it being akin to gambling
– However courts have ruled that fantasy gaming involves skill and is hence not gambling
Livemint: http://bit.ly/2WSqGEG

Op-Ed 📝
Opinion: Blinkers On: The BJP Manifesto
Hindu: http://bit.ly/2WVEPRv

Klips for 11th Apr 👆🏻

National 🇮🇳 | Voting begins today
– In first of 7 phases, majority of North-east, AP, Telangana go to polls with a few seats also in WB, UP and others
– A total of 91 constituencies go to polls today across 20 states

SC agrees to hear Rafale review petition
– The petitioners had asked the SC to investigate the workings of the deal in light of new evidence
Reuters: https://reut.rs/2Io5QZZ

🗣EC reprimands Revenue Dept for ‘casual & trivial’ counter advisory
– The matter relates to ‘raids’ conducted by ED against prominent opposition leaders without letting the EC know first
– In its advisory the EC had asked the dept. to be impartial and non-discriminatory
Scroll: http://bit.ly/2Vz6aZn

World 🌎 | EU gives May 6 months extension for Brexit
Reuters: https://reut.rs/2GfdX9K

Scientists reveal first ever photo of a Black Hole
– A global network of telescopes was used to render the image
– The picture, to some extent, validates Albert Einstein’s theory on Singularity
Reuters: https://reut.rs/2GcmQAI
This Vox video explains why this is such a big deal:

Economy & Business 💰 | 🗣Debt mutual funds with exposure to Essel Group withhold their FMP
– Fund houses from Kotak to HDFC have an exposure of ₹7000cr to the Essel Group
– Two Essel Group companies in which these funds had invested had defaulted on repayments
Livemint: http://bit.ly/2D8K0Gq
#FMP: Fixed Maturity Plan

HC asks RBI how Google Pay can operate in India without authorisation
– It was found that GPay does not figure in RBI’s list of payment systems
BQ: http://bit.ly/2VAIhAZ

Op-Ed 📝
🗣Interesting: Why Election Commission changed its mind on Modi biopic and stopped its release
The Print: http://bit.ly/2D9t4j3

Interesting: Einstein Couldn’t Believe His Own Black Hole Theory
Bloomberg: https://bloom.bg/2VB6mY9

Klips for 12th April

World 🌎 | Assange charged by US govt after asylum ends
– He was hauled out of Ecuador’s embassy by British Police after his asylum was revoked
Reuters: https://reut.rs/2IsSJGM

National 🇮🇳 | High voter turnout in controversy marred first phase
– All North East constituencies saw turnouts above 60%
– There were complaints of delible ink and missing voter names
Livemint: http://bit.ly/2KtZNWn

Economy & Business 💰 | 🗣 India GDP number ‘still has some issues’: Gita Gopinath
– IMF’s Chief Economist voiced concerns with the ‘deflator’ used to calculate real GDP
Livemint: http://bit.ly/2UWUBhX

Tech 📱 | PUBG banned in Nepal
– The popular game was banned following complaints from parents saying that the game affected children’s studies and normal life
Reuters: https://reut.rs/2GgKrAe

Op-Ed 📝
Jet Airways on it Final Descent?
A quick look at the routes that airline has canceled
BQ: http://bit.ly/2KuCLib

Reflection on a massacre: 100 years since Jallianwala Bagh
Hindu: http://bit.ly/2UVp8MK

Klips for 13th April

World 🌎 | Jack Ma lauds overtime work culture, invites controversy
– He said people should feel blissful about a 996 schedule (9am to 9pm for 6 days a week)
– The timing of Ma’s comments is crucial as programmers in China are protesting this ‘exploitation’
Bloomberg: https://bloom.bg/2Ky4631

National 🇮🇳 | SC asks for funding details from parties
– The matter relates to a petition against electoral which allow parties to collect funds anonymously
Reuters: https://reut.rs/2IyfxF0

Narendra Modi to receive Russia’s ‘highest civilian award’
– This in a week when UAE conferred the Sheikh Zayed award on Modi and Imran Khan said India-Pak ties would be better if BJP came to power
Hindu: http://bit.ly/2UX1SOo

Economy & Business 💰 | 🗣Factory output flat, retail inflation at 2.86%
– Factory output lagged expectations at 0.1% growth
– This is the lowest growth for factory output in 20 months
Business Standard: http://bit.ly/2KyR3yl

Etihad, 5 others express interest in Jet stake sale
– Naresh Goyal has also expressed interest, as per reports, to buy back his stake
BQ: http://bit.ly/2KAgZte

Sport ⚽️ | Sindhu in Singapore Open semis, Saina Nehwal crashes out

Op-Ed 📝
Interesting: Delhi, and not Bengaluru, is the place to be for gig economy workers
Interesting insight: ‘The speed at which you can convert a migrant into a skilled worker has gone up’
Livemint: http://bit.ly/2UUBnJI

🗣Interesting: SC electoral bonds order: Some transparency or conveniently postponing the controversy?
Print: http://bit.ly/2UYwcZ0

Klips for 15th April

National 🇮🇳 | Jet Airways pilots defer strike
– The pilots had originally said they will go on strike from 1st and then 14th April against unpaid dues

Economy & Business 💰 | UPI transactions surge as e-wallets struggle
– Payments have jumped 400% from April ‘18 to March ‘19
– E-wallets have struggled as a results of RBI’s push for full KYC
Hindu: http://bit.ly/2V3GE1o

Sport ⚽️ | Tiger Woods wins a major after 11 years at the Masters

Op-Ed 📝
Interesting: Why Japan’s 10-Day Break Has Markets Worried
Bloomberg: https://bloom.bg/2USLoqR

🗣Interesting: What’s dragging DU down?
Indian Express: http://bit.ly/2UWXdvV

Interesting: Books that India’s top Ad Makers read
BQ: http://bit.ly/2KDWz2N

Klips for 16th April

World 🌎 | Norte-Dame in Paris gutted by fires, Macron pledges to rebuild it
– The iconic cathedral is one of the most visited spots in Paris
– The fire which lasted for almost 8 hours gutted most of the 8 centuries old cathedral but the main bell tower was saved
– The cause of the fire is being investigated
Reuters: https://reut.rs/2Uj5JB9

Trump gives Boeing some branding advice about Boeing 737 Max
– Tweets that it would make sense for Boeing to rebrand the plane after fixing the flaws
– Trump said: ‘What do I know about branding, maybe nothing (but I did become President!), but if I were Boeing, I would FIX the Boeing 737 MAX, add some additional great features, & REBRAND the plane with a new name’
Reuters: https://reut.rs/2GoJxSg

National 🇮🇳 | Yogi banned from campaigning for 48 hrs by Election Commission
– The EC was directed by SC to take action and was asked ‘if it was aware of its powers’
– Besides Yogi, bans were handed out to Mayawati, Azam Khan and Maneka Gandhi for their speeches
Reuters: https://reut.rs/2ItGxFU

Monsoon likely to be ‘near-normal’, predicts IMD
– The rainfall is likely to be 96% of LPA (Long period average), which is an average of 50yrs
Hindu: http://bit.ly/2Ghhjb7
IMD: Indian Meteorological Dept

Economy & Business 💰 | UDF at Bengaluru airport hiked by 120%
– Domestic passengers will have to pay ₹306 and international passengers ₹1226 per visit
– The increased charges will last till Aug as the airport operator needs funds for expansion
Livemint: http://bit.ly/2UC4diy

Tech 📱 | Hotstar to stream Disney+ shows in India
– While Disney+ is priced at $6.99 in the US, it will be priced at ₹299/m

Lyft bring ‘taxi-line’ offering to Airports
– The feature is very similar to what cab aggregators have rolled out at Bengaluru airport
Techcrunch: https://tcrn.ch/2Gt5ajx

Op-Ed 📝
Opinion: Slowing down fast: Industrial growth
Hindu: http://bit.ly/2GdMnII

Interesting: Why ‘Game of Thrones’ Is the Best-Kept Secret of Our Time
Bloomberg: https://bloom.bg/2Gfzvli

Klips for 17th April

National 🇮🇳 | Jet Airways faces imminent shutdown
– Sources have said that if the airline does not get emergency funds from lenders it could shutdown as of today
– Also US Exim Bank has recalled all loans to Jet, as per reports
Reuters: https://reut.rs/2GpC7hE

🗣Poll in Vellore cancelled after seizure of huge cash stash
– The President cancelled elections in the constituency on the recommendations of the EC
– ₹11.35cr worth of cash was seized from a DMK warehouse
– In total ₹135.41cr of cash has been seized in TN since poll announcement, where voting takes place on Thursday in a single phase (39 seats)
Livemint: http://bit.ly/2IlVhYh

Economy & Business 💰 |🗣 Banks must treat IL&FS loans as NPA after 90 days default: RBI to NCLAT
– The RBI on Tuesday reiterated that IL&FS’ resolution process cannot be used to treat such defaults as otherwise
Livemint: http://bit.ly/2XoMYOR

Tech 📱 | Google takes Tik-Tok off its Playstore after court ban
Reuters: https://reut.rs/2UiR3Cc

XBox One does away with discs, launches an ‘all-digital’ edition
– The move to a digital only version is significant as Google’s Stadia launches soon

Op-Ed 📝
Interesting: TED raise $280mn for ‘The Audacious Project’
Techcrunch: https://tcrn.ch/2IoLXTs

🗣15 April has a long history of tragedies, Notre Dame is only the latest
#Lincoln’s assassination, The Titanic, Boston bombings, Hillsborough disaster
Print: http://bit.ly/2XkXaYG

Opinion: What Jet’s Collapse Says About India
Bloomberg: https://bloom.bg/2Ioykn6

Klips for 18th April

National 🇮🇳 | Jet Airways suspends operations indefinitely
– The airline was unable to secure emergency funds from lenders
Reuters: https://reut.rs/2VLiXIt

Phase 2 of voting begins in 95 constituencies
– All 38 seats in TN go to polls (except Vellore)

Economy & Business 💰 | 🗣5mn jobs lost in India between 2016-18: report
– The report says that young urban men were hit the hardest
– Moreover, informal workers were severely affected as they lost employment opportunities
– The report was published by Azim Premji University, but does not mention details on jobs created
Reuters: https://reut.rs/2XpPO69

Foxconn’s Gou announces bid to run for Taiwan’s President in 2020
– Terry Gou is the Chairman of one of Apple’s largest suppliers and has a net worth of $7.6bn

Qualcomm stock jumps 23% after settlement with Apple
– While the amount was not disclosed, the settlement comes as a surprise
– This means Apple will be able to use Qualcomm’s 5G chip
– Intel, Apple’s sole modem chip supplier, was still developing the technology, but said it will exit the business
Reuters: https://reut.rs/2IIvQ2v

Reliance Retail to buy Hamleys: reports
– The 295yr old toy maker is owned by Chinese fashion conglomerate C Banner, and is bleeding money since its £100mn acquisition in 2015
– It reported a loss of £12mn in 2017
Livemint: http://bit.ly/2IrvT3i

Op-Ed 📝
Interesting: The Terrible Timing of YouTube’s Notre-Dame Snafu
Bloomberg: https://bloom.bg/2XqdXJR

Opinion: On the Election Commission – A crisis of credibility?
By SY Quraishi, former Chief Election Commissioner
Hindu: http://bit.ly/2XfEgCm

Klips for 19th April

World 🌎 | Mueller releases report on how Trump tried to block inquiry
– Trump had said: ‘Oh my God. This is terrible. This is the end of my presidency’ when he found out about the appointment of a special counsel
– The report, however, did not find any conspiracy to rig the elections
Reuters: https://reut.rs/2IGD2Mc

National 🇮🇳 | 67% voter turnout in 2nd Phase
– Maharashtra, with 10 seats, recorded 61% voter turnout
– The average was 69% in 2014 across all 93 seats

Ambani backs Milind Deora for poll
– In a rare backing, Ambani said Deora ‘is the man’ for the South Mumbai seat
– The video was posted by Deora on his Twitter handle

Atleast 60 people killed across India in thunderstorms

Economy & Business 💰 | RIL registers record profit of ₹10362cr in Q4
– Jio’s ARPU remained stagnant at ₹126, while net margins fell 18.6% from refining business
– Reliance Retail saw 89% growth in revenue and profits jumped 168%
– A report in Mint (9th Apr)said that 54% of Reliance Retail revenue came from Jio recharges, device sales (possibly JioPhone)
Livemint: http://bit.ly/2VTWsRJ
9th Apr report: http://bit.ly/2DxcM3R

Tech 📱 | Facing stiff competition, Amazon to shut online shop in China
– JD.com and TMall control 82% of the market
Reuters: https://reut.rs/2IKsA6m

Op-Ed 📝
Opinion: The cost of flying on flawed assumptions
An excellent summary of how things went south for Jet
Livemint: http://bit.ly/2DnMEYQ

Opinion: India Should Beware of Saudi Aramco’s Billions
An excellent article on how much India’s over dependence on imported oil affects it
Anecdote: At $85/barrel oil imports reduce India’s GDP by about 3.6%
The article also is relevant given RIL’s reduced margins from its refinery business
Bloomberg: https://bloom.bg/2KOB8fp

Klips for 20th April

National 🇮🇳 | SpiceJet to give hiring preference to Jet employees
– The airline seems ready to also take up Jet’s other assets (parking bays, leased airlines)
– Recently SpiceJet also announced purchases of new aircrafts
– Even as SpiceJet gains from the exercise, it terms it as a means to ‘soften the blow to the aviation industry’
Reuters: https://reut.rs/2INZjaW

Pragya Thakur says, My curse killed Hemant Karkare, later apologises
– Thakur is the prime accused in the 2008 Malegaon blast and is out on bail
– She is also BJP’s candidate from Bhopal
Wire: http://bit.ly/2ULCnAp

IAS officer suspended for inspecting PM’s helicopter
– The EC incorrectly cited an order that prevents checking of those in SPG
– This is the first time an IAS officer is being suspended for supposed poll violations (generally the officer is changed)
Quint: http://bit.ly/2Govif7
#SPG: Special Protection Group

Tech 📱 | Netflix testing ‘shuffle feature’
– The feature will allow users to play a random episode quite like jumping in and watching TV
Techcrunch: https://tcrn.ch/2GoOKsa

Op-Ed 📝
🗣Opinion: RBI governor Shaktikanta Das’s idea of a 10 basis points rate cut would be meaningless
Print: http://bit.ly/2L01jzY

Interesting: Two Indian women lawyers named in TIME 100 most influential people
Livemint: http://bit.ly/2VbsxaE

Klips for 22nd April

World 🌎 | More than 200 killed in bomb blasts in Colombo
– The blasts occurred across 3 churches and 4 hotels on Easter Sunday
Reuters: https://reut.rs/2VZ3N2i

National 🇮🇳 | CJI Gogoi faces sexual harassment allegations
– The allegations were made by an office staff after her services were terminated
– Gogoi in a special meeting denied the charges and said that ‘higher powers’ were at play
– He also said that other senior judges will examine the issue

Yogendra Yadav urges Delhiites to opt for NOTA
– Says none of the parties had delivered on promises
– He termed NOTA as No Till An Alternative
Hindu: http://bit.ly/2GyKJTj

People attend Raj Thackeray’s rallies only for entertainment: BJP
– The party tried to downplay the huge gatherings Thackeray’s rallies are attracting
– Thackeray shows clips of Modi making promises and then gives facts on each in his rallies
Hindu: http://bit.ly/2GyKWG5

Op-Ed 📝
Interesting: This Dutch town has traffic lights on the ground because people are staring at their phones
WEF: http://bit.ly/2GyL744

Opinion: Why Gucci and Dior Want to Rebuild Notre Dame
Bloomberg: https://bloom.bg/2IMUsHl

Klips for 23rd April

World 🌎 | Sri Lanka imposes emergency, says ‘international network’ involved in attacks
Reuters: https://reut.rs/2VnIdr6

National 🇮🇳 | Phase 3 of elections takes place today
– This Phase has the maximum seats at 117
Livemint: http://bit.ly/2Vc0ckz

Economy & Business 💰 | JioFiber to provide broadband, fixedline and TV at ₹600/m
– The pricing is way below what incumbents offer with almost each of the offering costing ₹500-1000
– JioFiber has been rolled out on a trial basis in Delhi and Mumbai
Livemint: http://bit.ly/2KVdRII

Tech 📱 | Samsung delays Fold phone launch over screen issues
– There have been incidents of the screen showing defects in the pieces shared with journalists and reviewers
– This comes as another embarrassment for Samsung after the ‘blow up’ incidents for the S7
Reuters: https://reut.rs/2IQGFj4

Tesla plans to launch Robotaxi network in 2020
– Elon Musk made the announcement at the company’s ‘Autonomy Day’
– The announcement comes just before Uber’s IPO, with the company struggling to launch autonomous cabs
Techcrunch: https://tcrn.ch/2ViR8tT

Sport ⚽️ | Gomathi Marimuthu wins India’s first Gold at the 23rd Asian Championships

Op-Ed 📝
Opinion: Line of Caution – on suspension of cross LoC-trade
Hindu: http://bit.ly/2KWJB09

Opinion: US sanctions and the end of cheap oil
Livemint: http://bit.ly/2Vc31SH

Klips for 24th April

World 🌎 | IS claims responsibility for SL attacks
– The Islamic State, which recently lost almost all their territory in Saudi Arabia, made the claim on their news agency
– 321 people were killed and more than 500 injured in the attacks
Reuters: https://reut.rs/2IRmX6s

National 🇮🇳 | 66% voter turnout in 3rd Phase vs 69% in 2014
– Anantnag in J&K recorded only 13% turnout (39% in 2014)
– Assam recorded the highest turnout at 81%

Economy & Business 💰 | RBI’s 2nd dollar swap gets bids worth $18.65bn
– This is thrice the notified amount for the swap of $5bn
– The swap is a means to ease liquidity in the market
Hindu: http://bit.ly/2XDRclE

S&P 500 and Nasdaq hit record closing highs
– The previous high was recorded in Sept ‘18

Tech 📱 | UK’s CDC invests $40mn in BigBasket
– This is part of a funding round that will value the grocery service at $1.2bn
– This is also CDC’s first investment in Indian startups
Livemint: http://bit.ly/2XEVkSi

Bus aggregator ZipGo suspends operations
– The startup provided bus shuttle services for office goers in Mumbai, Bangalore amongst other cities, similar to Shuttl
– The startup was backed by Essel Group and had raise $55mn in capital

Op-Ed 📝
Opinion: Everybody Loves Larsen & Toubro – But Shouldn’t Corporates Have a Conscience?
Wire: http://bit.ly/2XHEOkF
A long article but definitely worth reading for raising some very pertinent points

Opinion: Why 2019 is such a dull, boring election
Print: http://bit.ly/2IDCo2O

Klips for 25th April

World 🌎 | Details emerge of SL attackers
– 9 ‘well educated, well to do’ individuals including a woman were behind the attack
– 2 of the attackers were brothers and belonged to a wealthy spice family
Reuters: https://reut.rs/2IECMOQ

National 🇮🇳 | IATA will settle passenger refunds after Jet reviews them
– This comes as a relief to passengers who had no visibility on refunds
– Jet informed travel agents that it will validate refund claims with 45 days
Livemint: http://bit.ly/2GFdhKV

Economy & Business 💰 | 🗣India joins world’s central banks in increasing gold bullion reserves
– The move signals a a move away from dollar as a reserve currency
Print: http://bit.ly/2XFCIBF

Tech 📱 | Despite privacy concerns and blunders, FB beats profit estimates
– The company reported 26% jumps in its quarterly revenues as advertisers kept pumping money into the platform
– Also monthly (2.4bn) and daily (1.6bn) users of the app increased 8% y-o-y
– FB has kept aside $3bn for ‘privacy penalties
Reuters: https://reut.rs/2IZS2oV

Op-Ed 📝
Opinion: Save Indian Capitalism From Indian Capitalists
Another excellent article by Andy Mukherjee highlighting the bane of ‘Indian capitalism’: The Indian Capitalist himself
Bloomberg: https://bloom.bg/2GJ3CmR

Interesting: Google Spinoff’s Drone Delivery Business First to Get FAA Approval
Bloomberg: https://bloom.bg/2XHdjro

Interesting: The ‘apolitical’ interview between PM Modi & Akshay Kumar was more than just about mangoes
Print: http://bit.ly/2GDASvA

Klips for 26th April

World 🌎 | Kim meets Putin in Russia
– The two met for a day long session at Vladivostok
– There didn’t seem to be any breakthroughs after the talks
Reuters: https://reut.rs/2PwktMf

Former VP Biden enters 2020 Presidential race
– Biden, 76, was no 2 to Obama during both terms

Economy & Business 💰 | Maruti Suzuki to phase out diesel cars
– The company will no longer sell any diesel vehicles from April next year
– This is to meet stricter vehicle emission norms that kick in next year
– Maruti does not manufacture its own Diesel engines (these come from Fiat)
Livemint: http://bit.ly/2W66Qpt

Merger talks between Deutsche and Commerzbank collapse
– The talks collapsed as the capital costs did not accrue ‘sufficient benefits’
Reuters: https://reut.rs/2Pww3qH

As crude hits $75, Rupee falls below $70 to 7 week low
– Other Asian currencies also slid against the dollar
Livemint: http://bit.ly/2WaIn2o

Tech 📱 | Spotify asked to pull down Saregama content
– The two failed to agree to licensing terms after which Saregama sought an injunction against Spotify
Livemint: http://bit.ly/2Dzsnj0

Op-Ed 📝
Facebook’s Little Fine
The $5bn fine isn’t anything more than a parking ticket and won’t change FB a lot, says the author
NYT: https://nyti.ms/2WaIIlG

Klips for 27th April

Economy & Business 💰 | Uber unveils IPO terms, well below expectations
– The terms point to a price 1/3rd of expectations
– This is after Lyft’s recent IPO has underperformed: it’s 20% below its listing price
– The terms value Uber between $80.5bn – $91.5bn
Reuters: https://reut.rs/2IKSHer

India delays retaliatory tariffs on US yet again
– The tariffs were to come into force from Aug 4th last year and then later May 2nd
– Now the tariffs have been pushed to May 15th
– The timing is critical in relation to US’ waiver on Iran sanctions on oil imports (its expiry date is also May 2nd)
Reuters: https://reut.rs/2IIypCf

Yes Bank reports first ever quarterly loss of ₹1500cr
– The loss comes in the quarter that Rana Kapoor had to step down as Chairman
– Provisions increased 9 folds to ₹3600cr
Livemint: http://bit.ly/2Gwt2m0

Tech 📱 | Musk agrees to vetting of tweets after SEC hearings
– Musk’s tweets related to Tesla’s finances will have to be vetted by its legal counsel
– This is almost a let off for Musk as he was held in contempt of the SEC
Reuters: https://reut.rs/2ILdiz4

Naspers exits MMT, swaps shares with China’s Ctrip
– Ctrip’s stake will rise to 49% after this swap deal
Livemint: http://bit.ly/2UXbJEM

Op-Ed 📝
Interesting: PewDiePie’s diss tracks, PUBG and TikTok: Battle of the bans in India 2019
A summary of the issues behind the recent ‘bans’ and a perspective
Hindu: http://bit.ly/2UVRCXA

Opinion: Parallel probes – On complaint against CJI
Hindu: http://bit.ly/2GwtBME

Klips for 29th April

World 🌎 | Thousands take to HK streets to protest new extradition laws
– In a peaceful agitation, some protestors held Yellow umbrellas, which were also used in the 2014 Occupy protests
– The changes would allow people to be extradited to Mainland China for trial
Reuters: https://reut.rs/2W8AVVj

National 🇮🇳 | 72 seats go to polls in 4th Phase today
– Mumbai also goes to polls today

Avengers Endgame crosses ₹100cr in 2 days
– The movie is on course to record the highest opening week (previously ₹94cr) for Hollywood films
– It’s also on track to beat Bahubali 2, if the current trend continues
– Global ticket sales crossed $1.2bn
Livemint: http://bit.ly/2vszRA0

Economy & Business 💰 | Deloitte likely to face ban due to irregularities in IL&FS audits
– The Ministry of Corporate Affair is likely to issue the notice, which is similar to the ban imposed on PWC (Satyam case), which was imposed by SEBI
Livemint: http://bit.ly/2PwPKyw

Sport ⚽️ | Barcelona win another La Liga title, 8th in 11 years

Op-Ed 📝
Opinion: An ineffectual angel
A critique on the courts’ handling of important issues related to voting and elections.
Hindu: http://bit.ly/2UNcADg

🗣Opinion: Not just SP/BSP, but Congress crossing 100 can defeat Modi. Its diffidence isn’t helping
Print: http://bit.ly/2ZJmKbQ

🗣Interesting: How India-Pakistan tensions have disrupted air travel
Reuters: https://tmsnrt.rs/2ZE1a8l
Some excellent graphics to show flight path disruptions

Klips for 30th April

World 🌎 | SL bans face veils after attacks
– The ‘emergency law’ was brought into force following Easter Sunday’s blasts

National 🇮🇳 | Severe cyclonic storm ‘Fani’ heads towards Orissa: IMD

4th Phase: Violence in WB, overall turnout 64%
– The clashes took place between BJP and Trinamool Congress workers
– Voting was up almost 3-4% in MP and Rajasthan
– Mumbai recorded its highest voter turnout since 1989 at 55%, though number of eligible voters has reduced by 2.4L since 2014

Economy & Business 💰 | Shares of Google’s parent fall 7.5%
– Alphabet reported slowest revenue growth in 3 years
– This is the largest one day drop since 2012
Reuters: https://reut.rs/2PBnA5t

Jet staff seek SBI nod to bid for airline, promise to raise ₹3000cr
– The employee groups have said they will raise money from ‘external sources’
Livemint: http://bit.ly/2PBgLkw

After Macquarie price cut, Yes Bank stock tumbles 30%
– The American brokerage downgraded the stock 40% and said it had got its assessment of Yes Bank ‘wrong’
– Yes Bank reported a ‘surprise loss’ of ₹1500cr on Friday

Tech 📱 | 🗣Spotify first to reach 100mn paid subscribers
– Paid subscribers grew 32% y-o-y
– Apple Music, its closest rival has 50mn paid users
Verge: http://bit.ly/2PEwWxx

Op-Ed 📝
Opinion: ‘Avengers: Endgame’ Makes Disney Invincible in 2019. Then What?
While Endgame (and many others to come this year) will rake in the moolah for Disney, what comes next, especially given its Disney+ streaming service launch, will be interesting to see, writes the author
Bloomberg: https://bloom.bg/2vuPyqx