Week 72

Firecrackers ❌, News ✅

November 11, 2023

Good Morning,

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

It's Diwali time! If somebody ever asks you when is a good time to visit India, the answer is right now. Roads lit up, buildings decorated, everyone wearing new clothes and of course, sweets! The Festival of Lights is underway and our country has come alive!

Looking to add to our celebrations, India is almost certain to play New Zealand in the ICC Cricket World Cup semi-finals in Mumbai. If we win the game, and I hope we do, no ban from any court can stop the enthusiastic fans from blasting crackers and decorating Mumbai's Skyline at night. What a sight to see!

Make sure to stay till the end of today's newsletter to read all about this week's handpicked news.

Happy Diwali!

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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, the key equity indices closed on a positive note. The NSE Nifty 50 rose by 30.05 points (0.15%) to reach 19,425.35, and the BSE Sensex increased by 72.48 points (0.11%) to settle at 64,904.68. The broader markets showed positive trends, driven by gains in Midcap and Smallcap stocks. The Bank Nifty index added 136.50 points (0.31%) to finish at 43,820.10. Notably, the Metal and Financial Services sectors saw the highest gains, while the Media and Auto sectors experienced losses. 

The NSE Nifty 50 witnessed notable performances, with top gainers including NTPC, ONGC, TATA Consumer Products, Tech Mahindra, and UltraTech Cement. On the flip side, the laggards encompassed Hero MotoCorp, Mahindra & Mahindra, HCL Technologies, Titan Company, and Hindalco. Additionally, the Indian Volatility Index (India VIX) concluded with a 1.11% increase.

Indian Flying taxis!

Get ready for an electrifying ride! InterGlobe Enterprises, the powerhouse behind India's top airline, IndiGo, is teaming up with U.S.-based Archer Aviation to unveil a cutting-edge, all-electric air taxi service in India by 2026. Exciting times ahead, as the skies embrace the future!In a bid to tackle India's transportation challenges head-on, the partnership between InterGlobe Enterprises and Archer Aviation, pending regulatory nods, promises a game-changing solution. With India grappling with ground travel chaos and environmental concerns, Archer Aviation, backed by aviation giants Boeing and United Airlines, brings its expertise in electric vertical take-off and landing aircraft—a glimpse into the future of urban air mobility.

Enter the 'Midnight' e-aircraft, envisioned to carry four passengers and a pilot for up to 100 miles. Targeting the bustling cities of Delhi, Mumbai, and Bengaluru, this electric air taxi service is poised to revolutionize urban commuting. Promising cost competitiveness with traditional road services, imagine turning a 60 to 90-minute car journey in Delhi into a swift 7-minute airborne adventure.

Word of the week!

The word for this week is:

valorous

" VAL-uh-russ

"

Someone or something described as valorous is marked by courage or heroism.

For carrying three wounded members of his squadron out of harm's way, the lieutenant was given an award recognising his valorous actions in the heat of battle.

Delhi's artificial rain.

In a proactive move to combat the ongoing air pollution crisis, the government of the National Capital Territory of Delhi unveiled plans on Wednesday (Nov 8) for artificial rain in the city.This groundbreaking initiative, backed by a detailed plan from the Indian Institute of Technology-Kanpur, is set to make a significant impact by reducing pollution levels and enhancing the overall air quality in the region.Following a crucial meeting between scientists from IIT Kanpur and ministers of the Delhi government, there is a concerted effort to put the plan into action. The pollution crisis in the Indian capital has escalated to alarming levels, with the Air Quality Index surpassing the Very Poor category, posing health risks to millions in northern India.

Fireworks banned ❌

On November 7, India's Supreme Court provided clarification on its directive to ban firecrackers nationwide. The Court clarified that the ban on the use of firecrackers, specifically those containing barium and other prohibited chemicals, extends across the entire country and is not limited to the National Capital Region.

This clarification was issued by a bench consisting of Justices A S Bopanna and M M Sundresh during the hearing of an application seeking directions to the Rajasthan government to comply with the Supreme Court's order regarding barium crackers and to reduce air and noise pollution.In addition to the nationwide ban, the Supreme Court further prohibited the sale and manufacture of 'joined crackers'—long rows of interconnected crackers. The court emphasized that the use of barium salts in firecrackers is not allowed and mandated that the noise levels produced by firecrackers must adhere to permissible limits. This comprehensive approach underscores the court's commitment to addressing both chemical composition and noise pollution concerns associated with firecrackers.

Quiz

A man cuts off a hand. How many fingers does he have left?

(answer mentioned below)

India News.

1. Commerce Minister Piyush Goyal is set to meet Elon Musk to discuss

in India's growing market

2. India has been accounted as the country with the

in the world, according to WHO.

3. IITs ( Indian Institutes of Technology ) have been

with IIT Madras now functional in Zanzibar and IIT Delhi making its way to Abu Dhabi.

4. Several houseboats were destroyed due to a massive

5. A song featuring PM Modi has been nominated for the 2024 Grammy's! 

Other news

1. Pakistan has had to hold off on printing passports as they fall into a

2.

have been recorded in Washington State's Mt. Saint Helen since mid-July.

3. The

has been formed in the Japanese Archipelago after an underwater eruption took place.

4. Devastating

and the UN labels it as a 'once-in-a-century' calamity. At least 3,00,000 were displaced from their homes.

5. In a major medical breakthrough, a surgeon performs the

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Quiz Answer: A remote control.

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Written by: Hamza Bamboat

Edited by: Adnan Bahrainwala