Week 63

Mera Bharat Mahan🇮🇳

August 26, 2023

Good Morning,

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

Flights are delayed, roads are caved in, windows are banging, and the rains have been pouring down all over Maharashtra as the IMD issues multiple alerts. My umbrellas are turning upside down and I think it's time to invest in a raincoat! How are you guys planning to deal with the rains this week? (Let us know by replying to this mail :)

India has been heavily climbing through the ranks and the progress has been unbelievable! With the moon landing this week, and a number of plans in the country's near future, it's a perfect time to be an Indian, sorry, a proud Indian. Make sure to stay throughout the newsletter to read all about this week's handpicked news!

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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, both the domestic indices, NSE Nifty 50 and BSE Sensex, concluded the day with losses, following the global trend of decline. The Nifty 50 index settled below the 19,300 mark, experiencing a drop of over 100 points. Similarly, the Sensex closed below 65,000. The overall market sentiment was negative as broader markets and various sectoral indices also registered losses. The Nifty Next 50 index witnessed a 1% decrease, while the midcap and small indices faced significant declines. Among sectors, the Bank Nifty was down by 0.75%, and sectors like Nifty PSU Bank, Nifty Pharma, Nifty Metal, and Nifty FMCG also recorded drops of 1% or more.A Qatar wealth fund is all set to invest 1 billion dollars in Mukesh Ambani's Reliance Retail store. Click here to read more.The Indian Rupee has taken a joyous trip with a decrease in value for all the major currencies in the world. (refer to the table above).

Inflation in India!

Having accomplished the moon lander expedition with success, ISRO is currently making preparations for the imminent launch of a solar mission, expected to take place in around a week, possibly on September 2nd. The objective of this mission is to conduct a comprehensive study of the Sun.

The Aditya-L1 spacecraft has been intricately designed to facilitate remote observations of the solar corona, along with conducting in situ observations of the solar wind. These observations will be carried out from the L1 point, also known as the Sun-Earth Lagrangian point, situated approximately 1.5 million kilometres away from Earth.Aditya-L1 is equipped to furnish valuable insights into both the solar corona and the solar chromosphere through its UV payload. Additionally, it will delve into the study of solar flares by employing its X-ray payloads. The particle detectors and magnetometer payload on the spacecraft are primed to gather data on charged particles as well as the magnetic field within the vicinity of the halo orbit encircling the L1 point.

Manufactured at the U R Rao Satellite Centre, the satellite recently arrived at ISRO's spaceport in Sriharikota, Andhra Pradesh, just two weeks ago.

Word of the week!

Update your mainframe! The word for this week is:

lackluster" LAK-luss-ter" Lackluster describes something lacking in sheen, brilliance, or vitality - in other words, something dull or mediocre. After a summer of lackluster sales, business is booming at the coffee shop now that students are returning.

BRICS drama.

The Brics consortium, composed of prominent emerging economies, has declared the inclusion of six additional nations, as part of an endeavour to restructure the global geopolitical landscape and establish a balancing force against the United States and its allied nations.

Starting from the commencement of the upcoming year, Iran, Saudi Arabia, Egypt, Argentina, the UAE, and Ethiopia are set to join the existing roster of five members, which comprises Brazil, Russia, India, China, and South Africa. This significant development was disclosed during a summit held in Johannesburg on Thursday.China's president, Xi Jinping, characterized the expansion as a pivotal moment in history. He had taken the forefront in advocating for the inclusion of new members, envisioning an expanded Brics as a means for the global South to wield a more influential presence in international matters.

Nonetheless, the extent to which this expansion would tangibly amplify the group's influence on the global platform remains uncertain. Analysts assert that this would hinge upon the degree of unity the group can maintain. The addition of new members has introduced an even more diverse array, spanning potent autocratic regimes alongside middle-income and evolving democracies. As such, the collective's potential impact would be contingent upon their capacity to synchronize their efforts.

AI school?

A brand-new school that uses artificial intelligence has started in Kerala, India. The big opening of the Santhigiri Vidyabhavan happened in Thiruvananthapuram, which is Kerala's main city. The school's special start was done by the former President of India, Ram Nath Kovind, on Tuesday, August 22. This exciting new school is working on changing how education works by using new and smart ways to teach with technology.The AI School is a joint project between Vedhik eSchool and iLearning Engines (ILE) USA, and it's going to change how students learn and study. People who know a lot about education, like former Chief Secretaries, DGPs, and Vice Chancellors, have carefully planned how the school will work. They want to make sure students get a well-rounded education.Initially catering to students in classes 8 to 12, the AI School offers an abundance of learning avenues. From multi-teacher revision support to aptitude tests and career mapping, students can access an array of resources to enhance their academic journey.

Click here to read more.