Week 71

The perfect Sunday 🫖

October 28, 2023

Good Morning,

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

This week's news was flooded with more and more stories unveiling the sensitive topic which is the Israel-Hamas war. There is only one thing left for us to do, cross our fingers and hope that this massacre comes to an end. 

On this side of the globe, the ICC Cricket World Cup has been ever so entertaining to watch. The young talent of New Zealand's Rachin Ravindra and the experience of players like Steve Smith led to a very exciting match in Dharmshala yesterday. A record-breaking match indeed! But all eyes turn to India and England today as England looks to break their losing form. The match will stream live at 2 pm on Disney+ Hotstar and here's something Indians love to hear, It's free!

If you find this newsletter to be shorter than usual, well you're not wrong. I've fallen victim to an excess of ice cream and I'm down with a cold. But I couldn't leave you clueless for another week. Imagine the horror 😱.

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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 Indian Stock Market remained closed on Tuesday due to Dussehra.In a remarkable week's end, the NSE Nifty 50 and BSE Sensex both surged by 1.01%, with the Nifty gaining 190 points and the Sensex climbing 634.65 points. Smallcap stocks took the lead, while the Bank Nifty index impressed with a 1.19% gain. PSU Bank and Media stocks were standout performers. Coal India, HCL Tech, Axis Bank, State Bank of India, and Bajaj Auto shone as top gainers, while UPL, ITC, Hindalco Industries, BPCL, and Asian Paints faced some setbacks. The India Vix index dropped by 7.03%, leaving market enthusiasts eagerly awaiting the next act in this financial drama.Bajaj Finserv on Friday posted second-quarter profit at Rs 1,928.96 crore, up 23.9% in comparison to Rs 1,556.93 crore during the corresponding quarter of last year. It posted a total income for the quarter ended September 2023 at Rs 26,022.66 crore, up 25.1% as against Rs 20,803.33 crore during the second quarter of FY23.

Taliban moves in Kabul

A mosque resembling Jerusalem's Dome of the Rock has been inaugurated in Kabul, funded by the Turkish organization IDDEF and built on the instructions of the Taliban-run interior ministry. The Taliban members hope this $120,000 mosque will contribute to the "liberation" of Al-Aqsa Mosque. Additionally, Hamas cited the "desecration" of Al-Aqsa Mosque in Jerusalem as a justification for their October 7 assault on Israel, naming their rocket campaign "Operation Al-Aqsa Deluge." 

While Jews and non-Muslims are allowed to visit the area during specific hours, they are not permitted to pray there, maintaining a long-standing status quo arrangement.

In recent times, Jewish religious nationalists, including members of the governing coalition, have increasingly been visiting the Temple Mount and advocating for equal prayer rights for Jews at the site. This has provoked anger among Palestinians and Muslims worldwide.

Word of the week!

The word for this week is:

extraneous

" ek-STRAY-nee-us

"

Something described as extraneous does not form a necessary part of something else, and may also therefore be considered irrelevant or unimportant (as in “extraneous details”).

The woman who reported the robbery kept bringing up extraneous facts, such as what she'd had for lunch.

Israel - Hamas collateral damage.

The ongoing conflict in Israel has impacted the India-Middle East-Europe Economic Corridor (IMEC), which was announced last month during the New Delhi G20 summit by leaders from India, Saudi Arabia, the United States, the United Arab Emirates, and Europe.Israel's Prime Minister Benjamin Netanyahu has characterized the India-Middle East-Europe Economic Corridor (IMEC) as the "largest cooperation project" in Israeli history. Meanwhile, U.S. President Joe Biden has lauded it as a transcontinental connectivity initiative that will enhance stability and connectivity in West Asia. Nevertheless, the IMEC's progress has currently entered a phase of uncertainty.

Netanyahu stated on September 12, 2023, "Israel is at the focus of an unprecedented international project that will link infrastructure from Asia to Europe." The ongoing conflict has caused the plan to go off schedule. Click here to read more.

Quiz

My first suggests something far away

Without my second, chaos may ensue

My whole tells your devices what to do

What am I?

(answer mentioned below)

Other news

1. India aims to set up its own space station by the year 2035. Prime Minister Modi says we are also on track to

2. The sword of Tipu Sultan, one of India's greatest rulers, was valuated at a price of 2 million Dollars in an auction. The item went on to attract no bidders.

3. The Indian Western Railway on Friday released a statement saying that it has

going up and down between Churchgate and Virar stations. This will put millions of Mumbaikars in jeopardy.

4. Tata Group is all set to begin the

for India and to sell in the global markets. Another big step for India!

5. A horrific accident involving multiple vehicles in Egypt caused the

The incident took place yesterday and it was said to have involved a bus and multiple cars. 

See you next week!

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See you next week!

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Quiz Answer: A remote control.

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Written by: Hamza Bamboat

Edited by: Adnan Bahrainwala