Week 70

Dance your problems away💃

October 21, 2023

Good Morning,

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

We have a new addition to our newsletter!:

It's Navratri week and the dandyas have taken over! Fire in Bangalore, animals with human tendencies, and more Israel news were the highlights of this week's news. Make sure to stay till the end of the newsletter to read all about this week's 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

The domestic stock market closed the week on a downswing, with the NSE Nifty 50 declining by 0.42% or 82.05 points to settle at 19,542.65. The BSE Sensex also dropped, losing 231.62 points to end at 65,397.62. It was a broadly negative day for the broader indices, and Midcap stocks took the lead in the losses.

The Bank Nifty index also faced a minor setback, shedding 0.07% or 31.45 points to close at 43,723.05. Most sectoral indices ended in negative territory, except for the Private Bank sector.

Top laggards on the NSE Nifty 50 included ITC, Tata Steel, BPCL, Divi’s Labs, and Cipla. On the flip side, the gainers featured Kotak Mahindra Bank, IndusInd Bank, SBI Life Insurance Company, TCS, and NTPC. The India VIX, a measure of market volatility, settled down by 0.55%.

Indian Weddings 🤑

We're nearing the end of the year, and in India, it can only mean one thing. WEDDING SEASON IS HERE! Now I know some of you hate the thought of going to a random uncle's wedding just because your father said you do, but I for one love the free food. Don't judge. Here's an article on Indian weddings which I'm sure is something you didn't expect.The Confederation of All India Traders (CAIT) has published its projections for the upcoming Indian wedding season. Their estimates indicate a substantial economic activity, with a predicted value of 4.25 trillion rupees (approximately $51 billion) over a 23-day period from November 23 to December 15. 

The estimated figure of 4.25 trillion rupees ($51 billion) for this year's Indian wedding season represents a notable increase from the previous year's 3.75 trillion rupees ($45 billion). This growth underscores the significant economic impact of these matrimonial festivities, as reported by Mint.

According to the research conducted by CAIT, approximately 3.5 million weddings are expected to take place during this period, contributing significantly to this economic surge.

Word of the week!

The word for this week is:

mollycoddle

" MAH-lee-kah-dul

"

When you mollycoddle someone, you are treating that person with an excessive or absurd degree of indulgence or attention.

The newborn cub at the wildlife park enjoys being mollycoddled by its mother.

Same-sex marriage.

In a pivotal ruling on October 17, India's Supreme Court made a decision that left many scratching their heads. While the court has been an advocate for LGBTQ rights and understanding, it declined to legalize same-sex marriage, putting the onus on the parliament to shape the laws of the land.

The verdict, delivered by a panel of five esteemed judges, opened a Pandora's box of questions. It's like the court acknowledged the vibrant colours of love within the LGBTQ community but refrained from giving them a canvas to paint their unions legally.

"The legal recognition of a relationship like marriage has some legal incidents. There are many incidents in such homosexual relationships. The cases of separation or break up in such relations are as frequent as among heterosexuals. If the homosexual couple adopts a child and then separates, where does the child go? You will have to protect the rights of the child also," said Malhotra, who was India's first woman advocate to become the judge of the apex court.

Jammu & Kashmir at peace?

On Police Commemoration Day, Director General of Jammu and Kashmir Police, Dilbagh Singh, delivered an optimistic message on Saturday, October 21. He stated that terrorism in the Union Territory was nearing its end. The DGP expressed confidence that the Jammu and Kashmir Police would ensure the complete elimination of the terrorism menace. He further highlighted that the long-cherished dream of a tranquil and peaceful Kashmir valley was finally becoming a reality.Director General of Jammu and Kashmir Police, Dilbagh Singh, emphasized that despite Pakistan's attempts to disrupt the peace process, the police would ensure that such efforts did not succeed.

He paid tribute to the immense sacrifices made by over 1600 security personnel over the past three decades in the fight against terrorism in the region. Singh underscored the role of these sacrifices in yielding positive results, leading to the gradual decline of terrorism in the valley. He expressed confidence that Jammu and Kashmir would soon become free from the grip of terror. In his words, "Jammu and Kashmir will soon be terror-free, and we salute each and every martyr who laid down their lives for the country and peace."

India news

1. A 4th-year-student from IIT Kharagpur was

after going into depression over a project. He had confided in his professor over the problem but was dismissed. This is the 4th unnatural death in the institute this past year.

2. A man jumps from the 4th floor of a cafe building in Bangalore after a massive fire takes place in the building.

3. An Akasa flight from Pune to Delhi makes an emergency landing in Mumbai after a passenger makes a claim of

. The claim turned out to be false, but the Authorities are investigating further.

4. The Indian Supreme Court turns down the plea of a married woman to

5. Impressed by their work in Chandrayaan-3, American space experts are looking for India to

.

Quiz

I have 5 apples in a box and 4 other empty boxes. How many items do I have?

(answer mentioned below)

Other news

1. Riyad Mansour, the Palestinian Ambassador to the UN, called

for denying his involvement in the Gaza Hospital blast.

2. Ukraine attacks Russian targets with a

which was secretly given to them by the United States.

3. Reports suggest that The Hamas terrorists were high on a certain drug during the October 7th attack.

4. Elon Musk announces the launch of a new

for his social media application 'X'.

5. Malala Yousafzai, the Nobel Prize winner directs

towards three charities assisting Palestinians.

6. A hungry bear in The United States

and starts eating frozen lasagna.

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Quiz Answer: I have 10 items. 5 apples + 5 boxes = 10 items. Count EVERYTHING.

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Written by: Hamza Bamboat

Edited by: Adnan Bahrainwala