Week 76

Eggnog, Carols, and News🎅

December 23, 2023

Good Morning,

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

Ho! Ho! Ho!, I've come bearing news for you.

The world is all set to experience yet another delightful Christmas. The perfect time to gather around, sing one of the classics by Mariah Carey, and snuggle into your blanket with a hot cup of cocoa in your hand. A Merry Christmas to all of you!

This week's news was highlighted by the rise of COVID-19 cases, along with a few statements by world leaders that may or may not surprise you, given the condition of the world. Make sure to stick till the end 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

In the financial arena, the bulls took charge, propelling the NSE Nifty 50 up by 0.44% to 21,349.40, while the BSE Sensex climbed 0.34% to 71,106.96. Smallcap and Largecap stocks stole the show with gains, but the Bank Nifty index faced a setback, closing 0.73% lower at 47,491.85. The market spectacle continues, keeping traders on the edge of their seats.In the market spotlight, IT and Metal stocks stole the limelight, outperforming their Banks and Financial services counterparts. Wipro, HCL Technologies, Bajaj Auto, Hindalco Industries, and Tata Motors emerged as the top gainers on the NSE Nifty 50. On the flip side, Grasim Industries, HDFC Bank, Bajaj Finance, State Bank of India, and ICICI Bank found themselves among the laggards in this market performance. The dynamic dance of gains and losses continues to shape the ever-changing landscape of the stock market.

COVID - JN.1, Everything you should know

The World Health Organization (WHO) has designated the JN.1 strain as a "variant of concern," indicating heightened monitoring without immediate inclusion in the high-risk category. Although not yet on the official "watchlist," the WHO cautions that this swiftly spreading variant may contribute to an increase in cases during the winter months, as people gather indoors for family and group events. Vigilance remains crucial in navigating the potential impact of this variant on public health.The symptoms associated with the JN.1 variant appear to align with those seen in other members of the Omicron family of COVID-19 variants. Typically, individuals affected by JN.1 may initially experience a sore throat, followed by congestion and a dry cough. Additional symptoms include a runny nose, fatigue, headache, muscle aches, fever, diarrhoea, and alterations in the sense of smell. Awareness of these signs is crucial for early detection and appropriate public health responses.Another COVID scare has shaken the world and brought fear to those who haven't yet recovered from the pandemic. India has been hit hard as well with Chandigarh at the top of the most affected list.Stay safe everyone!

Word of the week!

The word for this week is:

overweening

" oh-ver-WEE-ning

To describe someone as overweening is to say that they are arrogant and unduly proud. Overweening also disapprovingly describes qualities or desires, such as greed or ambition, that are seen as excessive.

It’s hard for people to believe every word in speeches by overweening politicians.

Sakshi Malik - A story to be heard

Rio Olympic bronze medallist

Sakshi Malik declared her retirement from the sport on Thursday in

protest of Sanjay Singh, a loyalist to Brij Bhushan Sharan Singh,

winning the Wrestling Federation of India (WFI) election for the top position in New Delhi.

Expressing deep emotion, Sakshi Malik, adorned with tears, declared, "We fought from our heart, but if a man like Brij Bhushan, his business partner, and a close aide is elected as the president of WFI, I quit wrestling." In a poignant moment, she emphasized her commitment by placing her wrestling shoes on the table, making a dramatic and symbolic announcement of her retirement from the sport. The gesture underscored the profound impact of the election outcome on her dedication to wrestling.

Earlier this year, numerous leading male and female wrestlers staged weeks-long protests at Jantar Mantar, alleging sexual harassment by Brij Bhushan, who was then the chief of WFI. The demonstration reflected the severity of the accusations and the athletes' determination to bring attention to the issue and seek justice within the wrestling community.

Quiz

Quiz time!

What is a living creature that has four legs, eats cat food, and sees equally well on both ends of its body?

(answer mentioned below)

A Third Mumbai

In a bid to address the escalating needs of the burgeoning population in the Mumbai Metropolitan Region (MMR), the state government has outlined a comprehensive proposal for the development of a new city known as the 'Third Mumbai.' The primary focus of this initiative is to enhance housing, infrastructure, and transportation facilities to cater to the expanding demands of the region.The proposed city is centred around the Navi Mumbai International Airport and will be seamlessly connected to Mumbai through the vital Atal Bihari Vajpayee Sewri-Nhava Sheva Atal Setu, commonly known as the Mumbai Trans Harbour Link (MTHL). This strategic linkage is anticipated to play a crucial role in facilitating efficient transportation and connectivity between the new city and Mumbai, ensuring smooth accessibility for residents and commuters. The green light for the project has been given, with rapid development expected in the coming years.