Week 68

Let the games beginšŸ

October 07, 2023

Good Morning,

Welcome! I hope you have your ā€œSubah Kee Chaiā€ ready and are excited to read your weekly 10-minute digest.  

As an avid Formula 1 viewer, last night's sprint race was certainly something I wasn't expecting. Oscar Piatsri, an Australian driver for Mclaren has secured a win for himself in his first year in F1! The driver is 22 years old and has managed to do something others can only dream of. The Grand Prix in Qatar will end with a race today, and we all expect Max Verstappen to take another victory.

The news this week has shown an intriguing trend, the world is undergoing major inflation and it's not long before it hits us like a rock. Sugar prices are skyrocketing, there has been a decrease in manufacturing sectors and much more. I guess all we can do is hang tight and hope for the bestšŸ¤ž.

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

Now letā€™s get into the news.

Markets

Market News

The stock market remained closed on Monday, the 2nd of October.

The

ended the week on a high note

as the RBI maintained key interest rates. The NSE Nifty 50 rose by 0.55%, settling at 19,653.50, and the BSE Sensex climbed 263.06 points to reach 65,995.63. Midcap and Smallcap stocks performed well, and the Bank Nifty index added 0.33% to finish at 44,360.60. Realty and Financial Services sectors led the gains, with the Nifty realty index surging 3.8%, while Media saw a marginal 0.02% dip.

Bajaj Finserv, Titan, ITC, Bajaj Finance and Tata Consumer Products were the top gainers

on the NSE Nifty 50 during the intra-day trade on Friday

Sikkim flash floods.

Tragedy has struck the landscapes of Sikkim, as flash floods wreaked havoc, claiming the lives of at least 53 individuals, including seven brave soldiers. The news doesn't end there; over the past three days, the Teesta riverbed in neighbouring West Bengal has yielded the remains of 27 more victims, adding to the heart-wrenching toll of this natural disaster. Seven of these souls have been identified, but the weight of this calamity hangs heavy in the air.A sense of urgency and concern grips the region as over 140 individuals remain missing, their whereabouts uncertain. The aftermath of the flash floods has left thousands displaced, their lives upended by the unforgiving forces of nature.

The Sikkim government's grim report reveals the extent of the devastation: 1,173 houses lie severely damaged, while the valiant efforts of rescuers have saved 2,413 people from the clutches of disaster.

The situation takes a more ominous turn downstream, where all bridges leading to the Teesta-V hydropower station have succumbed to the relentless surge of water or been washed away. This catastrophic event has disrupted communication and isolated North Sikkim, casting a shadow of uncertainty over the region's connectivity and well-being.

Word of the week!

The word for this week is:

demarcate

" dih-MAHR-kayt 

"

To demarcate something is to fix or define its limits or edges. 

Treaty negotiations are underway, and both parties have agreed to accept whatever boundaries are demarcated in that document.

Israel - Palestine War.

The news is flooded with Israeli news, here's what happened yesterday.On an eventful Saturday, Israel declared a 'state of war' and launched airstrikes on the Gaza Strip in response to a fierce rocket attack by Palestine's Hamas militants, which they referred to as their "first strike." The skies over Israel were pierced by over 5,000 rockets, accompanied by blaring sirens across the country on what should have been a festive holiday morning.

Defence Minister Yoav Gallant emphasized that Hamas had made a "grave mistake" by initiating a war against Israel. Israel's defence forces further reported an infiltration by Hamas militants, whom they classify as terrorists. Visuals from Israel depicted the use of paragliders in the attack, with gunfire directed at passing vehicles on the roads. The situation in the region remained highly volatile. 

"The Israel Defense Forces has officially declared a state of readiness for war due to extensive rocket fire into Israeli territory from Gaza, accompanied by terrorists infiltrating Israeli territory through multiple entry points," announced the military.

In response to the escalating situation, Prime Minister Benjamin Netanyahu's office has confirmed that he will soon convene a meeting with security chiefs. The Israeli government has strongly asserted that Hamas will face severe consequences for its actions. The region remains on high alert as tensions continue to mount.

Noble prize awards!

The 2023 Nobel Prize Summit, centred on 'Truth, Trust, and Hope,' brought together global leaders, including Nobel laureates, experts, human rights advocates, and tech ethicists. Over three days, they tackled pressing societal threats, fostering awareness and solutions.In the exciting announcement of the 2023 Nobel Prize winners across fields like Medicine, Physics, Literature, Peace, and Chemistry, here's a table summarizing the laureates, their respective categories, and their groundbreaking work:list by blog.finology.in

India news.

1. Shikhar Dhawan's divorce from his wife sheds light on 'mental cruelty' laws in the Indian constitution.2. A newborn baby in Assam who was declared dead at birth, comes alive just minutes before cremation.3. Two back-to-back earthquakes of magnitude 6.2 and 4.6 on the Richter Scale hit Nepal on Tuesday within a time span of half an hour. The tremors were strong enough to be felt in the neighbouring country of India.4. At least 8 were killed, and 40 were injured in a massive fire which took place in Mumbai's Goregaon.5. A drunk passenger on a train urinated on two senior citizens in Uttar Pradesh on Wednesday.6. Pilots and flight attendants might completely stop using perfumes, here's why.

Quiz

The higher I climb,

More heat I engage,

I cannot escape my crystal cage.

What am I?

(answer mentioned below)

Other news

1. Picking a fight with India will cost Canada 700 Million Dollars in 2024.

2. Fifa has announced that the 2030 World Cup will take place across three continents. Africa, Europe and South America.

3. Iran now has the capacity to

4. Delhi Police arrest

terror suspect Shahnawaz alias Uzzama.

Sports

Asian Games:

Prime Minister Modi took to social media to extend his warm congratulations to India's athletes for their extraordinary achievement of securing 100 medals at the Asian Games. The Prime Minister eagerly anticipated hosting the Asian Games contingent on the 10th, where he looks forward to engaging with these exceptional athletes and celebrating their remarkable accomplishments.

This accomplishment is one of the many moments where I feel proud to be an Indian!

To check out each and every medal won by India, click here.

ODI World Cup:

The ICC World Cup is underway! India plays host to the One Day International matches that will be played across a time period of one and a half months. Go India! 

Pakistan turned the game around by

bowling out all of Netherlands's Batsmen

after putting up a score of 289 on the board. 

South Africa scored an

outstanding 428 runs

in their 50 overs yesterday against Sri Lanka and soared to victory by 102 runs.

India plays Australia today in their first game of the tournament. The match will begin at 2:00 Pm IST and can be streamed on Disney+ Hotstar.

See you next week!

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Quiz Answer: Mercury in a thermometer.

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Written by: Hamza Bamboat

Edited by: Adnan Bahrainwala