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

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

The Piggyback Problem

Four Years of Achhe Din

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

What is Dolby Atmos? Explained in brief

How to Pose for a Photograph

To the brink and back

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

Women in Saudi Arabia rev up motorbikes

Uber applies for patent to determine how drunk riders are

Asian Games

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

Why are grocery retailers teaming up with tech giants?

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

For China’s lonely children, ‘iPal’ robot is a companion

India Per Capita Income Grew At Its Slowest In 6 Years In 2017-18