June ’18

Week 2 Week 3 Week 4

Klips for 11th June
Chanda Kochhar, ICICI Bank face US Sec probe, sources
– US Sec may probe the two as stock listed on US markets
– RBI also probing matter related to quid pro quo with regards loan disbursement to NuPower Group
– Quid pro quo means ‘Something for something’ in Latin

Swiss reject radical Sovereign Money initiative
– Only central bank would have been able to issue loans
– >75% voted against proposal
– Scheme named ‘vollgeld’ or ‘real money’

Football: India win Intercontinental cup, Chettri scores brace
– India beat Kenya 2-0
– Chettri Equals Messi with 64 international goals
– Match held in Mumbai to a jam packed stadium

China’s Netflix iQiyi jumps 89% in 3 months
– Better than Netflix’s own enviable return of 88% this year

Nadal wins 11th French Open title

PNB scam: Ex-RBI governor faults govt, says public trust in PSBs affected

Interesting
IKEA likely to open 1st India store on 10th July in Hyderabad

The Piggyback Problem
https://techcrunch.com/2018/06/10/the-piggyback-problem/

Humour/Opinion
Four Years of Achhe Din
http://www.thehindu.com/opinion/op-ed/four-years-of-achhe-din/article24124697.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

Editorial
To the brink and back
http://www.thehindu.com/opinion/op-ed/to-the-brink-and-back/article24137866.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 June 14th
Dust storms in Delhi lead to poor air quality
– AQI of 445 (severe)
– Situation likely to remain same for 2 days
– At certain points in the day AQI was 999, beyond max level
– India has 14 of the most polluted cities in the world

US Fed indicates 2 more rate hikes, markets react negatively
– Interest rates hiked by 25bps, as expected
– However, it indicated a ‘slightly faster pace of rate hikes’ this year

Comcast offers $65bn for Fox
– Bid 20% higher than Disney’s offer
– Bid follows ruling allowing AT&T to buy Time Warner

FIFA World Cup to commence today
– First match between host nation Russia and Saudi Arabia
– Google Doodle: https://g.co/doodle/hf8ggb

Carlsberg planning India IPO

Interesting
Why are grocery retailers teaming up with tech giants?
http://in.reuters.com/article/retail-tech/explainer-why-are-grocery-retailers-teaming-up-with-tech-giants-idINKBN1J925A

Trucaller acquires Indian fintech startup Chillr


Klips for June 15th
Shujaat Bukhari, editor of Rising Kashmir shot dead
– Had police protection, guards also shot dead at close range
– Was a strong advocate of peace in Kashmir, also part of India’s delegation in informal peace talks
– Shooting comes during ceasefire, one day before Eid

US to ‘unveil’ list of goods to be charged import tariffs
– Chinese goods worth $50bn to face tariffs
– Retaliatory tariffs expected from China

SoftBank to invest $100bn in India solar power project

Interesting
For China’s lonely children, ‘iPal’ robot is a companion
http://www.thehindu.com/sci-tech/technology/for-chinas-lonely-children-ipal-robot-is-a-companion/article24165164.ece

India Per Capita Income Grew At Its Slowest In 6 Years In 2017-18
https://www.bloombergquint.com/business/2018/06/13/india-per-capita-income-grew-at-its-slowest-in-6-years-in-2017-18