News you need to know before starting your day: 25 September 2021

Morning Masala Tea
25 September, 2021


  1. Daimler AG will team up with Stellantis NV and TotalEnergies SE in a European battery venture set to cost more than 7 billion euros ($8.2 billion) in total to secure supplies for electric Mercedes-Benz cars in its home region. Business Standard
  2. The Centre has withdrawn spending curbs on ministries and departments and allowed them to spend in accordance with their Budget estimates for the remaining part of the fiscal year. The move is likely to help spur the economy which is struggling to come back to the pre-covid levels. Business Standard
  3. The Ministry of Defence (MoD) signed a $2.5 billion contract on Friday for the acquisition of 56 Airbus C-295 aircraft. These will replace the Indian Air Force’s (IAF’s) legacy fleet of Avro HS-748 aircraft. Business Standard
  4. Japanese air conditioning major Daikin has become the first company to acquire land for a new factory under the production-linked incentive (PLI) scheme for white goods. It will be a 75-acre plant at Sri City (Andhra Pradesh) to set up a large air-conditioner (AC) manufacturing plant, which will come up in phases. Internal estimates suggested that Daikin would have to invest Rs 1,000 crore in the first phase. Business Standard
  5. Questions being raised over the inclusion of ads for the event with images of Prime Minister Narendra Modi in emails sent to advocates by the Registry of the Supreme Court. Several advocates confirmed to The Indian Express that the images were included as part of email signatures — and said this blurred the line separating the judiciary and executive. Indian Express


Relevant Google Trends Today

  1. Katihar boy Shubham Kumar made his district as well as his state proud by topping the most coveted Union Public Service Commission (UPSC) exam, 2020. A B.Tech in civil engineering from IIT Bombay, this exam was Subham’s third attempt. In 2019 he had secured 268th rank.
  2. About 2.4 lakh tickets were booked in less than two hours after the online quota of Rs 300 special entry darshan for October was opened by the Tirumala Tirupati Devasthanams at 9am on Friday
  3. Shares of auto component maker Sansera Engineering on Friday zoomed 10 percent in its debut trade against its issue price of Rs 744. The stock is listed at Rs 811.35, reflecting a gain of 9 percent from the issue price on the BSE.


24 February, 2024

Byju’s, once heralded as a flagship in India’s edtech sector, is grappling with severe financial and operational challenges, marked by a dramatic valuation drop. The company, which sought to stabilize its operations and finances, is now raising funds at a valuation significantly lower than its peak. This development comes amid efforts to address a substantial debt burden, with Byju’s proposing a repayment plan for its $1.2 billion loan. Investor confidence appears shaken, with some stakeholders pushing for drastic changes in leadership to navigate the crisis effectively. The turmoil reflects broader sectoral pressures and raises questions about the sustainability of high-growth trajectories in the edtech industry

10 February, 2024

Australia’s energy market is witnessing significant transitions and investments aimed at bolstering renewable energy infrastructure and securing gas supplies. Key developments include a $179 million investment by the Queensland Government for community battery projects, Santos’ $5.7 billion gas pipeline project following a legal battle win, and a $206 million energy savings package for NSW households. Additionally, the Australian government has secured new gas supply deals to support the east coast market, emphasizing the role of gas in transitioning to a renewable grid.

India 2024
9 February, 2024

The latest opinion polls, including the Mood of the Nation survey by India Today, predict a comfortable victory for Prime Minister Narendra Modi’s BJP and its allies in the National Democratic Alliance (NDA), with a projected win of 335 Lok Sabha seats in the 2024 general elections. This forecast suggests a slight decrease from the 2019 elections but still ensures a majority. The survey, involving interviews with over 149,000 respondents, reflects Modi’s enduring popularity based on his nationalist policies and economic reforms. Other polls echo these findings, although seat projections vary slightly. The opposition INDIA alliance is expected to secure a significant number of seats, yet not enough to challenge the NDA’s majority. These predictions highlight a political landscape that remains largely favorable to Modi and the BJP as the election approaches