March ’19

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

World 🌎 | Trump, Kim walk away from summit without a deal
– Trump said Kim expected removal of all sanctions in return for denuclearisation
– The two countries’ press statements differed

National 🇮🇳 | Pak says will handover IAF pilot today ‘as a peace gesture’
– The IAF welcomed the announcement made by Imran Khan

Economy & Business 💰 | GDP growth slows to 6.6%, lowest in 5 quarters
– Consumer spending which accounts for 60% of the indicator, slowed from 9.9% to 8.4%
Reuters: https://reut.rs/2ED3V1p

Tech 📱 | Tesla to close retail stores, move to online only sales
– The dramatic move is aimed at cutting costs and can result in a 6% saving on Model 3 prices
Techcrunch: https://tcrn.ch/2SxvHzZ

Op-Ed 📝
🗣Interesting: Future Group to bring world’s largest chain of convenience stores to India – 7-eleven
Livemint: http://bit.ly/2Sw05dX

Opinion: Trump Was Right to Walk Away From Kim
Bloomberg: https://bloom.bg/2Xr4Vgm


Klips for 2nd March

National 🇮🇳 | Pakistan releases captured IAF pilot
– The exchange happened at Wagah as the pilot walked across the border
– Situation de-escalates between the two countries
Reuters: https://reut.rs/2NDlS2D

SC raps Haryana govt for Aravali destruction, says stop further construction
– The matter relates to a stretch of land at Delhi’s border
– Despite protests against by locals, the govt was trying to bring in a law that favoured builders in the ecologically sensitive area
Hindu: http://bit.ly/2EzXQld

Economy & Business 💰 | SBI confirms ₹7951cr worth of fraud cases
– The details came out through an RTI query
– A total of 1885 cases of fraud happened in 9 months where customers lost money
Reuters: https://reut.rs/2NF7yH2

Hasmukh Adhia to be appointed as non-executive director of Bank of Baroda
– Adhia is the former Finance Secretary and held the position during Demonetisation
– BoB is set to become the 3rd largest lender from 1st April as Dena and Vijaya Banks merge with it
Livemint: http://bit.ly/2EsM7Vv

Tech 📱 | Ola’s electric arm raises $400 cr
– The investment from Ola’s early investors, including Tiger Global, comes a day after cabinet’s approval of FAME 2
Livemint: http://bit.ly/2T780nj
#FAME: Faster Adoption Manufacturing of (Hybrid) and Electric Vehicles

Op-Ed 📝
India’s Economy Is No Longer One of the Cool Kids
Bloomberg: https://bloom.bg/2EoCoPR

Interesting: ‘Battery’ of Supercars to be unveiled at Geneva Motor Show
Bloomberg: https://bloom.bg/2EoG5oE


Klips for 4th March

World 🌎 | Trump says a reciprocal tax on India should be levied for high import tariffs
– He cited the example of Harley Davidson which came with a 100% import tariff (now 50%)
– Says he wants to levy reciprocal taxes on Indian imports
Livemint: http://bit.ly/2UgQ3PK

National 🇮🇳 | President approves ordinance on voluntary Aadhaar use
– The move will benefit mobile companies, banks and wallets as customers can now voluntarily use Aadhaar for KYC
– The govt pushed an ordinance as the modifications could not be voted on by Rajya Sabha
BQ: http://bit.ly/2C21R0Z

Economy & Business 💰 | 🗣 IL&FS ignored risk assessment reports while extending loans: Audit
– Companies such as Electrosteel Steels, Kvk Energy & Infrastructure, Pallav Trading and Dev Rishabh Real Estate were given loans despite a negative spread
Hindu: http://bit.ly/2UiKOPx

Tech 📱 | SpaceX rocket with unmanned capsule takes off
– Represents a key milestone and a precursor to manned rocket launches from US later this year

Sport ⚽️ | El Clásico: Barca beat Madrid 1-0

Op-Ed 📝
Opinion: India and Pakistan are both losing
Bloomberg: https://bloom.bg/2C0c8eg

🗣Interesting: India’s first ‘big’ bathing soap failed because it was OK
The Print: http://bit.ly/2UkmxIG


Klips for 5th March

World 🌎 | France backs India’s permanent berth at UNSC
– Says that having India, Brazil, Germany and Japan as members will be the first step to key reforms of the UNSC
– Recently France also backed the US and UK’s proposal in UNSC to name JeM chief as a terrorist
Livemint: http://bit.ly/2H127Bv

Canada the healthiest nation as per Global Wellness Index
– Smaller countries dominate the index that focuses more on health parameters and well being conditions (life expectancy, diabetes risk, depression) than growth, is a ranking of 151 countries
– India came in second last amongst G20 countries
Bloomberg: https://bloom.bg/2NJb2YT
Index site: http://global-perspectives.org.uk/volume-three/infographics/

National 🇮🇳 | PM inaugurates Ahmedabad metro
– The 6.5km stretch of the first phase was inaugurated, which in total will cost ₹10,773cr

🗣PM launches urban mobility card
– Based on RuPay system, the card is said to work across metros, buses and toll taxes
– Until now AFC systems deployed were imported
– The card was launched at the inauguration of the Ahmedabad Metro and is named National Common Mobility Card (NCMC)
Business Standard: http://bit.ly/2NFKSGq
#AFC: Automatic Fare Collection

Economy & Business 💰| Jet Airways pledges FDs worth ₹1300cr with SBI
– Lenders were unwilling to give Jet a term loan and so it had to use this method to secure a loan of ₹225cr
– This is considered the last resort before liquidation
– 20% of Jet’s 123 aircraft fleet has been grounded
Livemint: http://bit.ly/2NIiNOT

Tech 📱| Spotify adds 1mn users in India in a week since launch
– Spotify launched in India last week and offers free and premium music streaming options

Op-Ed 📝
Opinion: The Aadhaar Ordinance: Overruling The Supreme Court
The article tries to understand why the govt was in a hurry to push through an Ordinance on the contentious article 57 of the Aadhaar act (use by pvt parties)
BQ: http://bit.ly/2Het8Rh

Interesting: JetBlue contest asks users to delete their Instagram pics to fly free for a year
Techcrunch: https://tcrn.ch/2tPAenG


Klips for 6th March

World 🌎 | Trump scraps India’s trade privileges
– India has been removed from GSP of which it is the largest beneficiary getting preferential treatment for duty free exports worth $5.6bn to US
– India’s commerce secretary downplayed the impact saying the real impact is $170mn
Reuters: https://reut.rs/2NLQBuE
#GSP: Generalized System of Preferences

3 bombs found at prominent sites in UK
– Heathrow airport, London City airport and Waterloo station are the three sites
– The bombs have been contained and had been sent as mails
Reuters: https://reut.rs/2EMXwkn

Pak says it has begun crackdown on terrorists
– Says 44 members of banned terrorist organisations have been detained
– Pak is under pressure as not taking action would mean a blacklisting by FATF
– This would mean it won’t have access to loans from, for eg, IMF
Reuters: https://reut.rs/2NINHGV
#FATF: Financial Action Task Force

National 🇮🇳 | 🗣Gurgaon world’s most polluted city, Delhi most polluted capital
– Also India ranks 3rd in the worst polluted countries list
– What’s significant is that the studies have only mentioned average pollution values, absolute values at peak are far worse
NDTV: http://bit.ly/2SPz4Te

Sport ⚽️ | Kohli scores 40th ton as India beat Aus

Op-Ed 📝
Opinion: Life without GSP
Hindu: http://bit.ly/2XCwoM8

Interesting: GoT final season trailer out
– The season begins 14th April
YouTube: https://youtu.be/rlR4PJn8b8I


Klips for 7th March

World 🌎 | Facebook’s future lies in private messaging: Zuckerberg
– The statement is likely to spook users further as Facebook tries to unify messaging across Instagram, WhatsApp and Messenger
– This has serious privacy implications, but something that advertisers would clearly want, leading to the change in focus by Facebook
Reuters: https://reut.rs/2EU1fwx

National 🇮🇳 | Govt may prosecute ‘The Hindu’; Rafale documents ‘stolen’: Attorney General
– KK Venugopal, the AG, said to the SC that it may file this case under the Official Secrets Act
– Says that the issue is not one of public interest but ‘national security’ and that the SC should not use this as evidence in the review petition
Reuters: https://reut.rs/2NMPnPs
The story covered by Hindu on the matter. Worth reading for the actual remarks made by the SC Panel:
http://bit.ly/2H4rZfU

SC reserves order on Ayodhya land dispute, seeks mediation
– The SC bench said that it’s not merely a matter of land, ‘but about religious sentiments. We know its impact on public sentiment, on body politic. We are looking at minds, hearts and healing, if possible.’
Hindu: http://bit.ly/2NKYYq6

Tech 📱 | Google launches app to help children speak Hindi, English: Bolo
Techcrunch: https://tcrn.ch/2NMS0AM

Op-Ed 📝
Opinion: Since Modi is India and India is Modi, Who Needs Elections?
The Wire: http://bit.ly/2H222xD

🗣Opinion: U.S. Trade Snub Should Be Wake-Up Call for India
Bloomberg: https://bloom.bg/2NJXhtb

Interesting: An Army of Insane Supercars Is About to Invade the Geneva Motor Show
Bloomberg: https://bloom.bg/2EoG5oE
#The Geneva Motor show begins today


Klips for 8th March 👩

National 🇮🇳 | Grenade attack in Jammu, 1 killed, 32 injured
– Attack happened at a bus station and was carried out by a Hizbul Mujahideen group member, police say

India-Russia sign $3bn submarine deal
– The craft, christened ‘Chakra-3’, will be leased to India and delivered in 2025

Economy & Business 💰 | Singtel infuses $525mn in Airtel
– Airtel is raising funds to reduce debt by selling shares worth ₹25000 cr at ₹220 each (30% discount to market rate)
– With this infusion, Singtel’s stake has come down to 35% (earlier 39%)
– Other investors include GIC (General Insurance Corporation)
Reuters: https://reut.rs/2ERN3DY

Only 70 out of 119 Jet Airways aircraft operational: DGCA

Volkswagen fined ₹500cr by NGT
– The matter relates to 2017 when it was found that Volkswagen was using a ‘cheat-device’ in its diesel cars
– Volkswagen at the time recalled 340,000 cars (these include VW’s other brands Audi and Škoda)
– The original matter pertains to the global dieselgate scandal of 2015
Livemint: http://bit.ly/2HkU2ab

Aadhaar authentication to cost businesses ₹20 only
– Presently a physical authentication cost these companies anywhere upwards of ₹110-150
Hindu: http://bit.ly/2tUqng2

Op-Ed 📝
Opinion: Probing the Press: On the use of Official Secrets Act
Hindu: http://bit.ly/2HlzKxx

Opinion: A $2,000 Phone Won’t Cure an Industry’s Midlife Crisis: On foldable, 5G phones
Bloomberg: https://bloom.bg/2tZBrsh


Klips for 9th March

National 🇮🇳 | SC orders mediation in Ayodhya land dispute case, appoints panel
– The panel is headed by retired SC Judge F.M.I. Kalifulla and also has Sri Sri Ravi Shankar and senior advocate Sriram Panchu
– The SC expects the panel to work out a plan in 8 weeks
Reuters: https://reut.rs/2SSbCoa

Eco Park to come up in place of NTPC’s Delhi Badarpur Plant
– The plant is in focus especially in winters when pollution peaks and is generally shut down to reduce AQI levels
– The SC ordered closure of its last two units in Oct last year
– The area stretches over 884 acres and will cost ₹343 cr to redevelop as an eco park
Livemint: http://bit.ly/2NTbDHB

🗣Rafale documents not ‘stolen’ but photocopied: Attorney General
– The AG used the term ‘stolen’ in the SC hearing on the matter and this was considered very strong
– The opposition also demanded a probe as to how sensitive documents can be ‘stolen’ from the Defence Ministry
Hindu: http://bit.ly/2EZjn8b

Economy & Business 💰 | NCLT approves ArcelorMittal’s bid for Essar Steel
– Essar Steel had made a last gasp attempt to settle dues via a ₹54389 cr plan
– However NCLT had rejected the bid and was directed by NCLAT to pronounce a judgment by 8th March on Mittal’s bid
Livemint: http://bit.ly/2H9BZVm
NCLT: National Company Law Tribunal
NCLAT: National Company Law Appellate Tribunal

SBI links savings and short term loan rates to repo rates
– Effective May 1, the move is applicable to savings accounts above ₹1L and affects about 32% of SBI’s deposits
Livemint: http://bit.ly/2EXJpZg

Tech 📱 | Foursquare and Hypertrending
– Foursquare demos a feature that to show real-time ‘swarm’ of cellphones and categories them based on interests
Techcrunch: https://tcrn.ch/2NPf8Pc

Op-Ed 📝
Opinion: Strange turn – On SC’s order regarding Ayodhya dispute
Hindu: http://bit.ly/2EXLmF4

Opinion: Tariff Man Has Become Deficit Man
NYT: https://nyti.ms/2NQtpv4
An excellent article by Paul Krugman


Klips for 11th March

World 🌎 | Ethiopian Airways plane crashes killing 157 onboard
– The plane was a new Boeing 737 Max
Reuters: https://reut.rs/2HnYxAZ

National 🇮🇳 | Elections declared from 11th April, results 23rd May
– The election will be held in 7 phases
– The model code of conduct came into effect immediately after the announcement
– Assembly elections to be held simultaneously in 4 states, but not in J&K
Hindu: http://bit.ly/2Hvcb58

Economy & Business 💰 | Jet Airways gets ₹2500cr loan from PNB
– About 20% of the airline’s fleet has been grounded due to a cash crunch
Livemint: http://bit.ly/2XThktw

RBI: No data on demonetised notes used for utility payments
– This includes data on payments made at petrol pumps, airports and more
– RBI made the statement in response to an RTI query
BQ: http://bit.ly/2XTkAVM

Op-Ed 📝
🗣Model Code of Conduct: explainer and why it cannot act against offending politicians
The Print: http://bit.ly/2XScayj

🗣Interesting: Devil’s in the detail: How Onida TV became a household name in the ’80s
The Print: http://bit.ly/2SRYJKZ


Klips for 12th March

World 🌎 | Singapore grounds Boeing 737 Max flights
– The temporary order affects all 737 Max flights of ‘SilkAir, an arm of Singapore Airlines, as well as China Southern Airlines, Garuda Indonesia, Shandong Airlines and Thai Lion Air’
– The order was issued by Singapore’s Civil Aviation authority
Reuters: https://reut.rs/2Ht0TOR

National 🇮🇳 | 🗣Women’s group wins as SC cancel ‘anganwadi’ contracts worth ₹6300cr
– The Maharashtra govt was trying to mislead the court and favour 3 pvt contractors
– The govt’s moves had made it impossible for women’s self-help groups to compete against the pvt players
Scroll: http://bit.ly/2HeG5vi

Economy & Business 💰 | Naresh Goyal seeks ₹750cr ‘lifeline’ from Etihad
– In a letter to the airline’s board Goyal said Jet’s situation is ‘very precarious’
BQ: http://bit.ly/2HroiQY

Tech 📱 | Apple likely to launch video and TV service on 25th March
– It’s invite to media says: ‘it’s show time’
Reuters: https://reut.rs/2HoJl6G

Many Tesla stores reopen in retail U-turn
– Tesla had recently announced that it would move to an ‘online-only’ model
Bloomberg: https://bloom.bg/2HeEyFy

Sport ⚽️ | Zidane returns as Real Madrid’s coach

Op-Ed 📝
Opinion: How Can India Inc. Get Over Its Financing Hump?
Bloomberg: https://bloom.bg/2Hsw8cT

Interesting: What Airlines Fly the
Boeing 737 Max 8
NYT: https://nyti.ms/2HtKie6


Klips for 13th March

World 🌎 | Brexit: British parliament voted against revised EU deal
– The vote was 391-242 against the deal
Reuters: https://reut.rs/2F73uMV

National 🇮🇳 | India bans Boeing 737 Max planes
– SpiceJet (12) and Jet Airways (5) fly these planes
– The two carriers have placed orders of 362 such planes to be delivered over the next decade
– Boeing’s shares crashed 8% as the plane has now been grounded across several countries (except US)

Economy 💰| CPI inflation at 4 month low

Tech 📱 | Microsoft’s Seeing AI allows blind to experience photos by touching them
– The app converts visual data into voice and now works by touching objects on the screen of a phone
– This is significant as until now ‘screen-readers’ relied on alt-text that had to be added separately
Techcrunch: https://tcrn.ch/2Hr9hhQ

Op-Ed 📝
🗣Interesting: Asia’s Richest Banker gets richer in 5yr tussle with RBI
Bloomberg: https://bloom.bg/2Hn0w9F

Opinion: Bribes to Get Into Yale and Stanford? What Else Is New?
NYT: https://nyti.ms/2HvVXck


Klips for 14th March

World 🌎 | China blocks India’s motion to designate Masood Azhar as a terrorist
– China has a veto vote in the UNSC and has blocked India’s moves previously too

National 🇮🇳 | Vistara gets approval to fly international routes
– The airline had sought approval to fly international in June last year, when it added its 20th aircraft
Reuters: https://reut.rs/2T1ti0Q

Economy & Business 💰 | Azim Premji pledges 34% of shares to philanthropy
– His total pledge now is worth $21bn
– Premji is India’s 2nd richest man
Livemint: http://bit.ly/2VUXuMN

Jubilant FoodWorks brings Hong’s Kitchen to India
– Launches first outlet in Gurgaon
– Chinese is the 2nd largest consumed cuisine outside home by Indians
Livemint: http://bit.ly/2VXAH2S

Tech 📱 | Spotify files EU antitrust case against Apple
– Says Apple limits rivals to its own Apple Music service
– The complaint also says Apple did not allow Spotify to launch on Apple Watch
Reuters: https://reut.rs/2Hv98Km

Op-Ed 📝
Stop celebrating Women’s Day
Hindu: http://bit.ly/2TQspwg


Klips for 15th March

World 🌎 | Many dead in New Zealand mass shooting at 2 mosques
– An armed man opened fire during morning prayers in Christchurch
Livemint: http://bit.ly/2UCTIrg

May wins Parliament backing to delay Brexit
– This is likely to end ‘no-Brexit’ talks and delay the exit by 3 months

National 🇮🇳 | Footover bridge collapses in Mumbai near CST: 6 dead, 36 injured
– The incident occurred during evening rush hour
– The steel cantilever bridge was built in 1980 and seems to have had ‘serious structural issues’, but was deemed safe in an Audit
Hindu: http://bit.ly/2CkXkXD

Economy & Business 💰 | Markets rally, Sensex crosses 38K, Nifty above 10400
– Both indices are at near 6 month highs

Airfares jump nearly 65% on 14 routes
– Jet’s troubles, grounding of 737 Max fleet, Indigo’s pilot shortage are contributing factors
Livemint: http://bit.ly/2ClQDVs

Tech 📱 | Tesla unveil Model Y priced at $39000
– Model Y is a mini SUV/ crossover, the fastest growing segment in America and China
Reuters: https://reut.rs/2T6Zyj3

Lee Fixel leaves Tiger Global, to set up own firm
Livemint: http://bit.ly/2CmDwTN

10 students arrested, later released for playing ‘banned’ PUBG in Gujarat
– Fortnite alongwith PUBG have been banned in Guj after parents said they were affecting kids’ studies
– PUBG is developed by China’s Tencent

Op-Ed 📝
Interesting: Field notes from the election battleground
– A look back at the ‘perks’ offered by parties to cadres: liquor, biryani and money were non-negotiable. ‘Elections are a time when Biryani becomes the national dish’. An interesting read from elections of 1980s
Hindu: http://bit.ly/2UC6gz3


Klips for 16th March

World 🌎 | NZ vows to bring in gun control law as 49 killed in mass killing
– This was the worst ever peacetime event in NZ’s history
Reuters: https://reut.rs/2FfPY9Z

National 🇮🇳 | Jet Airways employees write to govt to seek help with delayed salaries
– The letter dated 6th March says their pleas to company have ‘fallen on deaf ears’
Reuters: https://reut.rs/2HB85IW

Economy & Business 💰 | India’s trade deficit falls to 17 month low
– This is due to a contraction in imports, largely due to a fall in global oil prices
– Rupee depreciation (2.07% this year) also contributed to the reduction
Livemint: http://bit.ly/2TDUHLu

NCLAT refuses to stay ArcelorMittal bid, asks for a fresh distribution plan
– The Ruia’s had asked for a stay on the bankruptcy order and were told to first clear up all Essar Steel dues
– Stan C opposed the distribution plan as it was getting only 4% of its exposure
Livemint: http://bit.ly/2FbE9QG
*The finer workings of this distribution deal are very interesting and worth a read

NCLAT refuses to allow release of Tax refunds to RCom to pay Ericsson dues
– Ambani will have to make the remaining payment of ₹432cr by 19th March
BQ: http://bit.ly/2THcQbe

Op-Ed 📝
Interesting: Goodbye Earth: A 9yr olds Video Op-Ed
NYT: https://nyti.ms/2F4dB3T
#The author is one of several thousand students who’ve walked out of school to protest climate change

Opinion: Tesla’s New Y Raises a Bunch of Qs
Bloomberg: https://bloom.bg/2TIdHby


Klips for 18th March

World 🌎 | Black boxes show similarity between Lion Air, Ethiopia crashes
– Questions being asked about Boeing’s anti-stalling system meant to assist pilots that the 737 comes equipped with
– Boeing has said that it will release a ‘software patch’ in 10 days (the patch was due after the Lion Air crash)
Livemint: http://bit.ly/2Fln5cn

National 🇮🇳 | Manohar Parrikar passes away
– He was the former Defence Minister and Goa’s CM in his last role
– He was aged 63 and was battling cancer

Sport ⚽️ | McLaren’s Bottas wins first Grand Prix of 2019, also wins fastest lap point
Op-Ed 📝
We Are Already Living in a ‘New India’ – and It’s Alarmingly Water-Stressed
The Wire: http://bit.ly/2OirMqt

Interesting: How to Buy a Gun in 16 Countries
https://nyti.ms/2t9wzUa

#Not surprisingly the US is by far the easiest followed closely by Yemen


Klips for 19th March
World 🌎 | Mozambique toll could be more than 1000: President
– The figure is much higher than current figure (89) as floods and a storm have struck Mozambique
– Cyclone Idai also struck Zimbabwe and Malawi

National 🇮🇳 | Pramod Sawant from BJP sworn in as Goa CM at 2am
– He will now have to prove he has a majority through a floor test

BMC to shutdown 11 FoB after facing flak
Hindu: http://bit.ly/2HrdC5L

Economy & Business 💰 | Rupee at 7 month high, Sensex, Nifty rally as FIIs pump in money
– The exchanges recorded their 6th straight session of gains
– The rupee hit 68.62 before closing at 69.10
– Inflows till March 15 have been $3.65bn compared to $1.58bn in Feb and $788mn in Jan
Reuters: https://reut.rs/2HA95x3

RCom pays ₹460cr dues to Ericsson, Ambani hints at brotherly love
– Anil Ambani would have had to face a jail term if the payments were not made
– In a statement he thanked the elder Ambani for his support
Reuters: https://reut.rs/2Tdv3Io

Deutsche Bank and Commerzbank in merger talks
– The merger is being pushed by the German govt as Deutsche Bank has struggled since 2008 to generate profits
Reuters: https://reut.rs/2HBuyFP

L&T buys CCD founder’s stake in Mindtree for ₹3269cr
– Will buy additional 15% stake from market at ₹10kcr
– The open offer will trigger a hostile takeover
Livemint: http://bit.ly/2HCUSPO

More cancellations as Jet grounds 4 more planes
– Almost 60 of its 120 aircraft fleet is now grounded due to unpaid dues

Op-Ed 📝
Opinion: Lokpal, at last
Hindu: http://bit.ly/2HIVVOb

Interesting: Here are the world’s most expensive cities
Bloomberg: https://bloom.bg/2HtJLJK
Honk Kong tops the list


Klips for 20th March
National 🇮🇳 | Govt calls emergency meeting as Jet crisis worsens
– Passengers are demanding refunds and pilots their salaries
– Pilots have said that they will no longer fly from 1st April
– The govt, to avoid this, is likely to push public sector banks to bailout the carrier
Reuters: https://reut.rs/2HMoc6m

Former SC Judge Pinaki Chandra Ghose appointed India’s first Lokpal

Economy & Business 💰 | Mindtree promoters oppose L&T’s hostile takeover bid
– Mindtree founders said the deal would be ‘value destructive for all shareholders’
Reuters: https://reut.rs/2HH7lSy

RBI seeks modification of NCLAT’s order on IL&FS dues
– NCLAT had granted a moratorium for repayment of dues, saying they can’t be classified as NPAs by lenders
– RBI says there is an overlap of powers on the issue
Livemint: http://bit.ly/2CrVLqU

Tech 📱 | Google announces cloud gaming service
– Called Stadia, it will be a browser based video game streaming service
– Players will be able to jump into the game from YouTube, without having to wait to download the game
Verge: http://bit.ly/2UNlMs0

Hyundai, Kia invest $300mn in Ola
– In the strategic deal Ola drivers will get complete fleet solutions aka Ola will buy Hyundai and Kia cars and lend to drivers

Op-Ed 📝
Ericsson Teaches Anil Ambani – and India – a Lesson
Bloomberg: https://bloom.bg/2UM9PD0
Andy Mukherjee applauds the Swedish company’s lawyers while questioning SBI’s poor handling of the matter


Klips for 21st March 🌈🎨
World 🌎 | Nirav Modi denied bail by UK Court, remanded in custody till 29th March
– The judge believed that Modi would not ‘surrender to bail’ despite Modi offering £500,000 as security
– Modi’s lawyer said that the move is politically motivated
Reuters: https://reut.rs/2uh5tbh

Google fined $1.7bn for blocking rival search advertisers by EU commission
– This is the 3rd such large penalty by EU against Google in 2 years
Reuters: https://reut.rs/2uiyTGc

National 🇮🇳 | Accused in Samjhauta train blast acquitted
– The special NIA court acquitted the accused as it ‘was not able to prove the charges’
– The incident dates to 2007 when a blast on the Samjhauta Express killed 68 people, many of whom were from Pakistan

Economy & Business 💰 | Vodafone-Idea to raise $3.6bn through rights issue, causing massive dilution
– The shares will be offered at 60% discount to the market rate
– The rights issue will increase the shares by 229%
Livemint: http://bit.ly/2YcVBwP

🗣Fed holds rates steady, expects only one rate hike through 2021
Livemint: http://bit.ly/2HBaWT0

Op-Ed 📝
Interesting: If you ban PUBG, why not cricket as well?
Livemint: http://bit.ly/2HIykNx

Interesting: World’s happiest and (most miserable) countries
Bloomberg: https://bloom.bg/2HJFTDN
India ranks 140th out of 156


Klips for 22nd March
World 🌎 | May gets 2 week extension for Brexit from EU
– May has until April 12th to convince her Parliament on the new plan
– She had originally sought an extension till June end
Reuters: https://reut.rs/2uulGKx

National 🇮🇳 | SBI stands by Jet, but Naresh Goyal must step down
– The bank also wants Goyal’s wife and 2 other nominee directors to step down
– SBI’s Chairman said it was in the bank’s interest to prevent Jet from sinking into bankruptcy
Livemint: http://bit.ly/2Hz2fbL

Modi to contest from Varanasi, Shah from Gandhinagar

Tech 📱 | Netflix to test lower cost subscription plans in India
– The move is aimed at increasing its reach as Netflix is presently priced at ₹500/m
Livemint: http://bit.ly/2CvhO08

Facebook fixes bug that allowed employees to see millions of users’ passwords
– The passwords were being stored in plain text, a major guffaw by the company
– Almost all passwords are these days stored in an encrypted form
Techcrunch: https://tcrn.ch/2UMrBWA

Op-Ed 📝
The Fed’s Gift to Asia Sits Unopened
Bloomberg: https://bloom.bg/2FiKmKQ


Klips for 23rd March
World 🌎 | Mueller delivers findings on Trump-Russia inquiry
– No new charge are recommended
NYT: https://nyti.ms/2uq2bCJ

Indonesia’s Garuda Airlines cancels order for 49 Boeing 737 Max planes
– It’s the first airline to publicly state its cancellation as other airlines contemplate the same
– ‘Many passengers told us they were afraid to get on a MAX 8,’ Garuda CEO said
Reuters: https://reut.rs/2Fl04oI

National 🇮🇳 | Karnataka ‘bans’ Ola for six months
– Ola was running bike taxi services, which is illegal in the state
– Many users reported that they were still able to book Ola cabs in Bengaluru
https://reut.rs/2FpPSvh

Caravan alleges payoffs to senior BJP leaders, Congress asks Lokpal to investigate
– The matter relates to findings by a magazine called Caravan into deals by BS Yeddyurappa
– The BJP says it’s a closed matter and relates to ‘fake documents’
BQ: http://bit.ly/2FkLH3F

Economy & Business 💰 | Govt exceeds disinvestment target by ₹5000cr
– The Govt’s target was ₹80000cr and it has mopped up ₹85000cr already

Tech 📱 | Tencent, Alibaba and car makers set up $1.5bn ride hailing venture
Reuters: https://reut.rs/2Cx1Y5f

Op-Ed 📝
If Buffett Is Buying Airlines, the Competition Is Over
Bloomberg: https://bloom.bg/2FlmBBU
An interesting read as it points to a trend that Indians markets are likely to witness soon


Klips for 25th March
World 🌎 | Death toll in southern Africa cyclone exceeds 700

Brexit in trouble, again
– It’s reported that ‘hundreds of thousands’ walked through London asking for another referendum
– 5.2mn have also signed a petition
Reuters: https://reut.rs/2uqhr2e

Trump claims ‘victory’ as Mueller finds no collusion with Russia
– The 22 month investigation did not find conclusive evidence linking Trump with Russia’s meddling of US elections
Bloomberg: https://bloom.bg/2CxU4s8

National 🇮🇳 | ‘Banned’ Ola back on roads in Bengaluru
– The Karnataka govt raised its ban on Ola barely two days after imposing it
Livemint: http://bit.ly/2JEUwea

Tech 📱 | Delhivery raises $413mn in SoftBank led funding round
– The logistics startup which was founded in 2011 now has a valuation of $1.5bn
Livemint: http://bit.ly/2U4Yl0h

Op-Ed 📝
Opinion: India’s Crony Capitalist Edifice Is Creaking
An excellent read about the workings of ‘boxwallahs’ and the similarity with Korean ‘chaebol discount’
Bloomberg: https://bloom.bg/2CMl6ML

Interesting: India will be a test laboratory for Ikea worldwide
An interview with IKEA’s CEO, Jesper Brodin
Livemint: http://bit.ly/2UawwUf
#IKEA will launch its 2nd store in India, in Navi Mumbai
Oddly there is already a Google Maps listing with a 4.4 rating for it, probably by employees
Listing: http://bit.ly/2JE5osH


Klips for 26th March
National 🇮🇳 | Naresh Goyal steps down as Jet Airways Chairman
– This is the first step as part of the lenders’ rescue plan for Jet
– As per the plan, SBI will take a controlling stake in Jet (just over 50%)
Reuters: https://reut.rs/2OntuH

Poll promise: Congress announces minimum income guarantee of ₹6000/m
– The scheme called Nyay promises to pay 50mn poor families a minimum income, if brought to power
Livemint: http://bit.ly/2TupvcA

🗣SC to EC: more paper trail machines needed
– The SC said that there is a need to have more VVPATs
– VVPATS provide a physical trail and helps ensure accuracy of EVMs
NDTV: http://bit.ly/2Tylzaw

Economy & Business 💰 | RBI to create ‘regulatory sandbox’ to allow fintech companies to test products
– The announcement made by the RBI Governor is aimed at reducing costs for fintech Startups and spur innovation
Livemint: http://bit.ly/2YoSzFT

Tech 📱 | Apple makes service push with launch of streaming, news, gaming services and a card
– The card, the most interesting of the launches, will provide immediate cashbacks and will reside only on the phone
– Developed alongwith Goldman Sachs and MasterCard, the physical version is laser etched, made of titanium and has no number
Reuters:https://reut.rs/2OqldlA
Apple Card Video: https://youtu.be/HAZiE9NtRfs

Muslim Group sues FB, YouTube over NZ shooting live streams
– The group alleges that the platforms incited violence by allowing streaming of the shootings, live
Reuters: https://reut.rs/2OrMt3g

Op-Ed 📝
Opinion: The point of having democracy
‘Raisins may well be the better part of a cake, but a bag of raisins is not a cake’. Interested, slightly long read.
Hindu: http://bit.ly/2Tup169

Interesting: Should You Always Strive to Work at the Most ‘Prestigious’ Places? Well …
Fairly obvious advice, but helps reading it again
NYT: https://nyti.ms/2YptpHe


Klips for 27th March
World 🌎 | EU lawmakers back copyright law reform
– This means that content aggregators (Google, FB) will have to pay publishers for displaying snippets of their content eg News
Reuters: https://reut.rs/2OooW2U

National 🇮🇳 | 🗣More than half of Indians satisfied with governance: Pew study
– Lack of employment opportunities is the biggest concern for three-quarters of those polled
– People also felt that terrorism has worsened
– The satisfaction level was 79% in 2017 (now 54%)
Reuters: https://reut.rs/2TxZlWu

Economy & Business 💰 | RBI sets high premium in debut Rs/dollar currency swap
– The success of the swap gives RBI another tool to infuse liquidity
Livemint: http://bit.ly/2CDzeYw

Raghuram Rajan raises doubts whether India is growing at 7%
BQ: http://bit.ly/2USKDux

Tech 📱 | Uber acquires Careem in deal worth $3.1bn
– Careem is Uber’s rival in the Middle East
Reuters: https://reut.rs/2OpA7II

Op-Ed 📝
Opinion: Even Oprah Can’t Paper Over Apple’s Services Flaws
In what appear to be half-baked launch announcements, Apple might find it difficult to shed its image as the ‘iPhone-company’ writes the author
Bloomberg: https://bloom.bg/2CzUUET

JNU Aspirants, I Feel Sorry For You
A critique on the newly introduced MCQ based entrance test pattern for JNU aspirants
The Wire: http://bit.ly/2UWsbBi


Klips for 28th March
World 🌎 | Theresa May will step down if her Brexit plan is adopted

National 🇮🇳 | EPFO shelves plan to double pensions due to shortage of funds
– EPF interest rates were hiked this year in the run up to the elections, to 8.65%
– Also, the surplus has reduced to ₹150cr from ₹586cr last year and points to mismanagement in investment of these funds
Livemint: http://bit.ly/2WnffEK

Economy & Business 💰 | 🗣Tata’s enter airport business with stake in GMR Infrastructure
– Tata’s and two other entities have agreed to invest ₹8000cr in GMR Infrastructure’s airport business
Livemint: http://bit.ly/2HKR13U

Tech 📱 | India successfully tests LEO-satellite missile
– Makes India only 4th country to have the tech
Reuters: https://reut.rs/2HK5Vri

Mattress startup Casper valued at $1.1bn with latest funding
– The startup sells mattresses directly to the consumer, online and now has ventured into offline direct sales too
Techcrunch: https://tcrn.ch/2HJLkn2

Op-Ed 📝
Interesting: Train Travel Hacks and the Most Luxurious train in the world
Bloomberg: https://bloom.bg/2WuUQgW

🗣The story behind popular Brand names
Interesting anecdote: Pepsi was named after the medical term for indigestion
Businessinsider: http://bit.ly/2HHm5St


Klips for 29th March
World 🌎 | Lyft prices IPO at $72 a share, seeks valuation of $24bn
NYT: https://nyti.ms/2V32Fdu

National 🇮🇳 | CBDT raises alarm as direct tax collections fall short
– The shortfall ass of 23rd March was around 15%
BQ: http://bit.ly/2CHAFVV

PM did not seek EC nod before Nation Address
– The feed shown by DD and AIR was sourced from YouTube
– EC likely to report findings this evening if MCC was violated during address
Hindu: http://bit.ly/2CKeQ7V
MCC: Model Code of Conduct

Economy & Business 💰 | Mumbai airport runway repairs to be completed by 30th March
– This along with Jet’s grounding of flights had led to a 35-40% jump in airfares in and out of Mumbai
– However, despite some progress on each, fares continue to remain high

Tech 📱 | Rahul Gandhi poll promise to entrepreneurs: removal of Angel tax, no permissions for first 3 years
– Also mentions tax credits and easy access to bank credit
BQ: http://bit.ly/2V9GO44

Op-Ed 📝
Interesting: Here are the World’s Best Airports, 2019
Changi tops the list, Asia dominates top 10 in study by Skytrax
Bloomberg: https://bloom.bg/2UYv9Fb

Opinion: Hong Kong’s Ripe for the Virtual Banking Wave
Bloomberg: https://bloom.bg/2V308ju


Klips for 30th Mar
World 🌎 | No-deal Brexit likely as plan rejected again
– UK was to exit the trade bloc today however the Brexit deal was rejected by its House for a 3rd time
– There is uncertainty as to what exactly will happen now
Reuters: https://reut.rs/2HKOhnj

Nirav Modi denied bail again by UK courts
– The judge cited ‘substantial grounds for suspicion’ that Modi might not surrender
BQ: http://bit.ly/2YBcjpT

National 🇮🇳 | Jet pilots threaten to go on strike from April 1 as dues not paid
– The airline was ‘rescued’ on 25th March as Goyal stepped down and ₹1500cr was to be infused
– However pilot salaries have not been paid yet and they are continuing to protest
Livemint: http://bit.ly/2YCrr6o

Modi address did not violate MCC: EC
– The address which was broadcast on all news outlets was for a missile test

Economy & Business 💰 | Will scrap NITI Aayog, bring back Planning Commission: Rahul Gandhi
– He said that NITI Aayog ‘has served no purpose other than making marketing presentations for the PM and fudging data’
BQ: http://bit.ly/2TKdBvl

Small Savings and PPF rates remain unchanged

Tech 📱 | Apple cancels plan for AirPower wireless charger
– The device was announced with the launch of the iPhone X almost 18months ago

Sport ⚽️ | Srikanth, Sindhu and Kashyap in India Open semis

Op-Ed 📝
🗣Interesting: With lassi and jaljeera, Coca-Cola is no more just about Coke
Livemint: http://bit.ly/2TIvcDK

The Dangerous Flaws in Boeing’s Automated System
A visual representation of the exact flaw (you understand what happened as you scroll through the page)
NYT: https://nyti.ms/2YB8P6Y