News you need to know before starting your day: 26 September 2021

Morning Masala Tea
26 September, 2021

News:

  1. The Indian National Lok Dal (INLD) party on Saturday organised the ‘Samman Diwas Samaroh’ in its erstwhile stronghold Jind to mark the 108th birth anniversary of late Devi Lal. Former Punjab chief minister Parkash Singh Badal, former Jammu and Kashmir CM Farooq Abdullah, Janata Dal (United) leader KC Tyagi and senior BJP leader Birender Singh marked their presence along with INLD supreme Om Prakash Chautala. HT
  2. Newly appointed Punjab chief minister Charanjit Singh Channi is likely to induct at least seven new faces in his cabinet and drop five MLAs, who were a part of the Amarinder Singh-led government, Congress functionaries familiar with the matter said Saturday. HT
  3. Prime Minister Narendra Modi in his first-ever in-person meeting with President Joe Biden raised a number of issues involving the Indian community in America, including access for Indian professionals in the US and speaking about the H-1B visas, Foreign Secretary Harsh Vardhan Shringla has said. HT
  4. Youth leaders Jignesh Mevani from Gujarat and Kanhaiya Kumar from Bihar are set to join the Congress party on September 28 in New Delhi in the presence of Congress leader Rahul Gandhi. HT
  5. In an effort to push residents to scrap overage vehicles, the Delhi transport department will launch a crackdown from Monday to identify diesel vehicles older than 15 years in the Capital and directly send them for scrapping. HT
  6. A deep depression over east-central Bay of Bengal intensified into a cyclone on Saturday and an orange alert has been issued for north Andhra Pradesh and adjoining south Odisha coasts, the India Meteorological Department (IMD) said. HT
  7. Enforcement Directorate (ED) on Saturday said it has frozen shares worth Rs 700 crore after raids against Karvy Stock Broking Limited (KSBL) CMD C Parthasarathy and others as part of a money laundering investigation against them. Business Standard

 

Relevant Google Trends Today

  1. Samyukt Kisan Morcha, the farmers’ union leading the protest against the Centre’s three farm laws, has called for a nationwide strike — Bharat Bandh — on September 27 from 6 am to 4pm.
  2. Billionaire Elon Musk and singer Grimes have parted ways after three years of relationship. Musk, the founder of Tesla and SpaceX, shared the news with Page Six, saying that he and Grimes are “semi-separated”.
  3. World Pharmacists Day is observed on September 25 each year to pay tributes to pharmacists for the role they play in improving global health.
  4. Sneha Dubey, India’s first Secretary, gave a fiery and befitting reply to Pakistan’s Prime Minister Imran Khan on his comments about India. Earlier, India had denounced Pakistan as a patron of terrorism and a suppressor of minorities in reply to which Pakistan’s Prime Minister Imran Khan ranted against India.

 

Startup
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Byju’s, once heralded as a flagship in India’s edtech sector, is grappling with severe financial and operational challenges, marked by a dramatic valuation drop. The company, which sought to stabilize its operations and finances, is now raising funds at a valuation significantly lower than its peak. This development comes amid efforts to address a substantial debt burden, with Byju’s proposing a repayment plan for its $1.2 billion loan. Investor confidence appears shaken, with some stakeholders pushing for drastic changes in leadership to navigate the crisis effectively. The turmoil reflects broader sectoral pressures and raises questions about the sustainability of high-growth trajectories in the edtech industry

Energy
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Australia’s energy market is witnessing significant transitions and investments aimed at bolstering renewable energy infrastructure and securing gas supplies. Key developments include a $179 million investment by the Queensland Government for community battery projects, Santos’ $5.7 billion gas pipeline project following a legal battle win, and a $206 million energy savings package for NSW households. Additionally, the Australian government has secured new gas supply deals to support the east coast market, emphasizing the role of gas in transitioning to a renewable grid.

India 2024
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The latest opinion polls, including the Mood of the Nation survey by India Today, predict a comfortable victory for Prime Minister Narendra Modi’s BJP and its allies in the National Democratic Alliance (NDA), with a projected win of 335 Lok Sabha seats in the 2024 general elections. This forecast suggests a slight decrease from the 2019 elections but still ensures a majority. The survey, involving interviews with over 149,000 respondents, reflects Modi’s enduring popularity based on his nationalist policies and economic reforms. Other polls echo these findings, although seat projections vary slightly. The opposition INDIA alliance is expected to secure a significant number of seats, yet not enough to challenge the NDA’s majority. These predictions highlight a political landscape that remains largely favorable to Modi and the BJP as the election approaches