News you need to know before starting your day: 02 October 2021

Morning Masala Tea
2 October, 2021

News:

  1. The global semiconductor shortage hit passenger vehicle sales in September, with major manufacturers like Maruti Suzuki, Hyundai and Mahindra & Mahindra reporting a decline in sales on Friday. Livemint
  2. Oravel Stays Pvt. Ltd has filed the paperwork for an ₹8,430 crore initial public offering (IPO) that is expected to value the operator of the hospitality unicorn Oyo Hotels and Homes at least at $10 billion. HT
  3. The Centre has postponed paddy procurement from October 1 to October 11 in Punjab and Haryana, on the ground that heavy rainfall in these two states has delayed maturity of paddy and left the moisture content in fresh arrivals beyond the permissible limit. Farmers in both states have announced an agitation; in Haryana they said that they would gherao the homes of BJP leaders and take paddy-laden tractor trolleys there. Indian Express
  4. An antiviral pill developed by U.S.drugmaker Merck & Co could half the chances of dying or being hospitalized for those most at risk of contracting severe COVID-19, with experts hailing it as a potential breakthrough in how the virus is treated. Hindu

 

Hindi News: ( so that you don’t miss out )

  1. सुप्रीम कोर्ट के चीफ जस्टिस एनवी रमना ने ब्यूरोक्रेट्स और पुलिस अफसरों के बर्ताव पर सख्त टिप्पणी की है। जस्टिस रमना ने कहा कि देश में ब्यूरोक्रेट्स और पुलिस अफसर जिस तरह का बर्ताव कर रहे हैं वह बेहद आपत्तिजनक है। सरकार के साथ मिलकर अवैध तरीके से पैसा कमाने वाले अफसरों को जेल के अंदर होना चाहिए। Bhaskar
  2. भारतीय यात्रियों पर ब्रिटेन में जारी कोरोना प्रतिबंध का भारत ने भी करारा जवाब दिया है। अब ब्रिटेन से आने वाले यात्रियों को भारत में 10 दिन आइसोलेट होना पड़ेगा। सरकार ने शुक्रवार को यह आदेश जारी किया है। इसके अलावा UK के लोगों को RTPCR टेस्ट भी कराना होगा।Bhaskar
  3. दुनिया में सुपर पावर का दंभ भरने वाला चीन बिजली की भारी किल्लत से जूझ रहा है। इसकी वजह से इस देश की करीब 10 करोड़ की आबादी तबाह है। सबसे ज्यादा परेशानी यहां के उन उद्योगों को हो रहा है जो विदेशों में अपना माल सप्लाई करती हैं। बिजली कटौती के कारण एपल और टेस्ला जैसी बड़ी कंपनियों का कारोबार तक प्रभावित हो रहा है।Bhaskar
  4. पंजाब के पूर्व मुख्यमंत्री कैप्टन अमरिंदर सिंह जल्द ही नई राजनीतिक पार्टी बना सकते हैं। इस पार्टी का नाम पंजाब विकास पार्टी (PVP) होगा। पार्टी की घोषणा से पहले अमरिंदर ने अपने करीबी नेताओं से संपर्क साध लिया है। इस पार्टी में नवजोत सिंह सिद्धू के विरोधियों को भी शामिल किया जाएगा।Bhaskar

 

Relevant Google Trends Today

  1. The government will divest its 100 per cent stake in Air India and according to sources, the bid by Tata is about 3,000 crore higher than the reserve price set by the government. Various reports have put the reserve price by the government at 15,000-20,000 crore.
  2. Paras Defence shares today made a strong debut at Indian bourses. The defence stock got listed on NSE at ₹469 — delivering around 168 per cent listing gain to the lucky bidders. However, stock market experts are still bullish on the counter as the public issue was small in size and reasonably priced.
  3. As per the new exam schedule, the UGC NET will be held from October 17 to 25. Earlier, it was to be held from October 6-8 and October 17-19. The exam dates have been changed due to a clash between some exams schedule on October 10. The candidates who registered to appear for the UGC NET can download their admit cards from the official website- ugcnet.nta.ac.in.
  4. President Ram Nath Kovind greeted citizens on the eve of Gandhi Jayanti and asked people to take pledge to strive for making India a country of his dreams

 

Amazon Great India Festival is Now Live – Buy Best Sellers here

 

 

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
10 February, 2024

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
9 February, 2024

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