News you need to know before starting your day: 05 October 2021

Morning Masala Tea
5 October, 2021

News:

  1. Oil in New York jumped to the highest since 2014 with OPEC+’s decision to proceed to hike output gradually surprised some investors who expected a bigger increase in the wake of a shortage of natural gas. Livemint
  2. India’s coal ministry has asked state-run Coal India to diversify its interests to areas such as electric vehicles and charging stations, according to an agenda document on the ministry’s website. Livemint
  3. Reserve Bank of India (RBI) has superseded the boards of Srei Infrastructure Finance and Srei Equipment Finance, announced a statement from the central bank on Monday. The apex lender said that the action was taken in light of governance concerns and defaults by the two companies. Livemint
  4. As the economy recovers from pandemic blows, a sharp surge in energy demand has triggered an unprecedented fuel shortage at the country’s coal-fired stations, a situation that Union Power Minister R K Singh terms way “beyond” the normal post-monsoon supply crunch. Indian Express
  5. The price of the ZyCoV-D vaccine has remained an unresolved issue between the central government and the coronavirus vaccine’s manufacturer, Ahmedabad-based Zydus Cadila, according to people familiar with the developments, who said that the company has quoted ₹1,900 — a rate the government finds too steep. HT

 

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

  1. लखीमपुर में सरकार और किसानों के बीच समझौता हो गया है। सरकार ने मृतकों के परिवार को 45 लाख रुपए का मुआवजा देने का ऐलान किया है। मरने वालों के परिवार के एक सदस्य को सरकारी नौकरी दी जाएगी। साथ ही घटना की न्यायिक जांच और 8 दिन में आरोपियों को अरेस्ट करने का वादा भी किया गया है। Bhaskar
  2. खोजी पत्रकारों की एक अंतरराष्ट्रीय संस्था ने कुछ ऐसी रिपोर्ट्स जारी की हैं, जिनके मुताबिक दुनिया की कई जानी-मानी हस्तियों ने विदेश में निवेश किए तो हैं, लेकिन उनकी पूरी जानकारी सरकारी एजेंसियों को नहीं दी है। 3 अक्टूबर को जारी संस्था की रिपोर्ट्स में पीएनबी घोटाले के आरोपी नीरव मोदी की बहन पूर्वी मोदी, क्रिकेट लीजेंड सचिन तेंदुलकर, पॉप सिंगर शकीरा और पॉलिटिशियन टोनी ब्लेयर सहित सैकड़ों दिग्गजों के नाम शामिल हैं।Bhaskar

 

Relevant Google Trends Today

  1. Skill India organized a day-long ‘National Apprenticeship Mela’ on Monday with due support from Directorate General of Training (DGT) and National Skill Development Corporation (NSDC).
  2. World Animal Day is on October 4, 2021
  3. The government has promised an investigation into the revelations in the ‘Pandora Papers’ and assured appropriate action in such cases as per law, the Finance Ministry said in a statement on Monday evening.
  4. Tata Motors unveiled its much-awaited compact SUV – Tata Punch on Monday. The new Tata Punch will be available in four variants with both Manual (MT) and Automatic (AMT) transmission options.
  5. Microsoft announced Windows 11 back in August this year and the update will finally be rolling out to supported devices beginning tomorrow. However, with the OS still in its relatively early stages
Startup
24 February, 2024

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