Week 61

Fire everywhere🔥

August 12, 2023

Good Morning,

Welcome! I hope you have your “Subah Kee Chai” ready and are excited to read your weekly 10-minute digest.

The humidity levels in Mumbai have been rising rapidly and we do not need a number to tell us! For those few minutes after it stops raining, it feels less like monsoon, and more like I'm standing on the equator! How are you coping with this heat?

This week's news was highlighted by a no-confidence motion passed against the current council, a wildfire in Hawaii, and even more technological advancements for the country of India. Make sure to read all of today's edition for the best stories from the past week!

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I hope you enjoy today's newsletter and have an amazing Sunday!

Now let’s get into the news.

Markets

Market News

On Friday, domestic stock indices closed with losses. The NSE Nifty 50 declined by nearly 115 points, finishing at 19,428.3, while the Sensex dropped by 0.56% to reach 65,322.65. The Bank Nifty closed below the 41,200 level. The broader markets also experienced declines, as Nifty 100, Nifty 200, and Nifty 500 all ended the day down by 0.5%. The Nifty Smallcap index performed relatively better, with a modest decline of 0.18%. Notable sectoral losers included Nifty Auto, Nifty FMCG, Nifty Healthcare Index, and Nifty Pharma.Among the constituents of the NSE Nifty 50 index, IndusInd Bank, SBI Life, UPL, Tata Consumer, and Asian Paints registered losses and emerged as the top decliners. On the other hand, HCL Tech, Power Grid, Titan, Tata Steel, and UltraTech Cement exhibited gains, securing their positions as the leading advancers on the index.

Haryana (Nuh) violence

The Indian government has been particularly dicey over the past week. Here's why:On Thursday, the NDA government led by Prime Minister Narendra Modi successfully defeated a motion of no-confidence in parliament. The Prime Minister delivered a passionate speech during the culmination of a three-day debate.Rahul Gandhi took a cheap shot at the Prime Minister by stating in his speech that Narendra Modi wants Manipur to burn. He said that the Prime Minister does not know what a Prime Minister is.Television images depicted the motion being rejected through a voice vote initiated by the speaker of the lower house. This occurred shortly after opposition Members of Parliament, including Rahul Gandhi, the leader of the Congress party, left the chamber.Responding to the no-confidence motion in the Lok Sabha, Prime Minister Narendra Modi expressed gratitude, stating, "The people of the country have consistently shown their trust in our government, and I want to extend my thanks to all of them."

Prime Minister Modi further remarked, "The no-confidence motion has always been fortunate for us; this instance too will result in us returning with an unprecedented mandate."

Word of the week!

Drink your knowledge! The word for this week is:

reticent"RET-uh-sunt"Reticent is often used as a synonym of reserved to describe someone who does not readily or openly talk to others. Despite objections from some, reticent is also often used as a synonym for reluctant. She is reticent about discussing her personal business with anyone.

D2M technology (I'm equally clueless)

The Indian government is actively investigating the possibilities

presented by a novel technology known as "direct-to-mobile" (D2M).

This innovative approach would empower mobile users to

stream live TV channels directly on their smartphones,

eliminating the need for an internet connection. Collaborative efforts involving the Department of Telecommunications (DoT), the Ministry of Information and Broadcasting (MIB), and IIT-Kanpur are currently underway to refine the specifics of this initiative, as per insider sources

On June 1 of the previous year, IIT-Kanpur, in collaboration with Prasar Bharti and the Telecommunications Development Society of India, published a comprehensive white paper concerning D2M Broadcasting. This document highlighted D2M as a crucial component of NextGen Broadcast (NGB), a concept that integrates various established technologies to yield optimal results.

Think of D2M like an FM radio inside your phone. It works by picking up special TV signals just like how your radio tunes in to different stations.

D2M is a modern blend of internet and TV signals

that your phone can catch. It uses your mobile to capture local digital TV signals.

With D2M, you can watch things like live TV games on your phone without needing the internet

. It's like getting TV on your phone through a special signal.