News you need to know before starting your day: 25 September 2021

News:

1. Daimler AG will team up with Stellantis NV and TotalEnergies SE in a European battery venture set to cost more than 7 billion euros ($8.2 billion) in total to secure supplies for electric Mercedes-Benz cars in its home region. Business Standard
2. The Centre has withdrawn spending curbs on ministries and departments and allowed them to spend in accordance with their Budget estimates for the remaining part of the fiscal year. The move is likely to help spur the economy which is struggling to come back to the pre-covid levels. Business Standard
3. The Ministry of Defence (MoD) signed a $2.5 billion contract on Friday for the acquisition of 56 Airbus C-295 aircraft. These will replace the Indian Air Force’s (IAF’s) legacy fleet of Avro HS-748 aircraft. Business Standard
4. Japanese air conditioning major Daikin has become the first company to acquire land for a new factory under the production-linked incentive (PLI) scheme for white goods. It will be a 75-acre plant at Sri City (Andhra Pradesh) to set up a large air-conditioner (AC) manufacturing plant, which will come up in phases. Internal estimates suggested that Daikin would have to invest Rs 1,000 crore in the first phase. Business Standard
5. Questions being raised over the inclusion of ads for the event with images of Prime Minister Narendra Modi in emails sent to advocates by the Registry of the Supreme Court. Several advocates confirmed to The Indian Express that the images were included as part of email signatures — and said this blurred the line separating the judiciary and executive. Indian Express

Relevant Google Trends Today

1. Katihar boy Shubham Kumar made his district as well as his state proud by topping the most coveted Union Public Service Commission (UPSC) exam, 2020. A B.Tech in civil engineering from IIT Bombay, this exam was Subham’s third attempt. In 2019 he had secured 268th rank.
2. About 2.4 lakh tickets were booked in less than two hours after the online quota of Rs 300 special entry darshan for October was opened by the Tirumala Tirupati Devasthanams at 9am on Friday
3. Shares of auto component maker Sansera Engineering on Friday zoomed 10 percent in its debut trade against its issue price of Rs 744. The stock is listed at Rs 811.35, reflecting a gain of 9 percent from the issue price on the BSE.