Your 2-min Update to What's Going on in the World

April 02, 2024 • Estimated Reading Time: 4 minutes

Hello Tuesday! How are you doing Otter community?

Today’s edition brings a lot of exciting developments in the world of technology and geopolitics. Don’t miss our top news for you.

TODAY’S HIGHLIGHTS

  • 📢 Misleading social media posts prompt FM to respond: No changes to new tax regime from April 1, 2024, Finance Ministry clarifies💰🙅‍♀

  • Pilots Cancel Vistara: 🚫🧑‍✈ Too many call in ‘sick’ after revision in salary structure post-merger with Air India,🛬 ministry seeks report

  • ⚠️ Sensex and Nifty Defy 13.33% Slump in Cash Segment Turnover, Gain 1.6% in March despite market volatility 📈📊

  • Gold Futures Skyrocket to Record High in India 🇮🇳, soaring 10% in 2024 and crushing demand 💰, stands at Rs. 69,487 ($834.07) per 10 grams; March gold imports expected to hit their lowest level since the COVID pandemic 📉

  • Crisil Ratings predicts positive credit quality outlook for India Inc. in FY25 📈, upgrades to outpace downgrades; Driven by deleveraged balance sheets 💼, government-led capex 💸 and sustained domestic demand 📈

THE MARKET MOVEMENT

  1. 🚗 Auto-tech: Tata Technologies spike 4% following groundbreaking 50-50 Joint Venture with BMW 🚀, partnership set to revolutionize automotive software industry 💻🔧

  2. 🏍️ Automotives: TVS Motor's trade volume dips despite a stunning 12% surge in March sales 📉📈

  3. 📦 Packaging: Uflex Shares Soar 6% following the launch of cutting-edge CPP Film Production Facility in Russia 🇷🇺, bolstering global manufacturing capabilities! 🌍 Company utilizes poly-condensed polyester chips that pave the way for enhanced BOPET packaging solutions 📈💡

  4. 💰 DRHP: Aelia Commodities set to raise Rs 55 cr, firmly anchoring its growth in the competitive market landscape! 📈💼

excited baby GIF by FOX Sports: Watch. Enjoy. Repeat.

GEOPOLITICS SPOTLIGHT

  1. 🇷🇺 Putin's Economic Miracle: Russia thrives despite Ukraine invasion fallout, defies Sanctions and War 🚫💥; Driven by strong consumer demand 🛍️, investment 💼, and exports 📦.

  2. 🇦🇺 Australia's Property Paradox 🏠: 14 months of gains, prices jump 33.4% despite declining affordability 💸 and looming crisis ⚠️; Experts warn of an acute housing shortage and potential crisis, particularly in Sydney 🌆.

  3. 🇯🇵 Japan's Mega-Billions Gamble! 🎲 Rapidus scores massive ¥590B subsidy in high-stakes chipmaking showdown ❗💻.

  4. 🇨🇳 Chinese Stocks Soar 🚀: Hang Seng Index skyrockets 2.4% as manufacturing boom 🏭 and foreign investor frenzy 🌍💼 signal economic resurgence; investors flee Indian equities for Chinese stocks trading at a staggering 60% discount 📉➡️📈.

  5. 🇺🇸 US Manufacturing Surges in March 📈: ISM index soars to 50.3, defying expectations; Production jumps 6.2 points, the largest gain since mid-2020, reaching 54.6 - the strongest since June 2022 💪🏭

TECH NEXUS

  1. Only for GHAS Customers!! 🚨 GitHub launches AI-Powered code scanning auto-fix, promises to fix over 90% of security vulnerabilities 🤖; Remediates more than 2/3rds vulnerabilities it finds 🛠️

  2. 🔔 Watch Out WhatsApp! 🚀 ‘Telegram Business’ Launched: 🤳 Telegram takes On WhatsApp with Business Features and 50% Ad Revenue Sharing📱 Aims to become profitable by 2025, with over 900 million users

  3. OpenAI's $325 Million Venture Fund Shakeup 💥: CEO Sam Altman hands over control to Ian Hathaway🤝 ; Fund backs 16 startups, including Descript (valued at $553 million) and Ghost Autonomy 💹

  4. TikTok's STEM Revolution 🌟: Expands dedicated STEM content in U.K. and Ireland 🇬🇧🇮🇪, targeting users under 18; 👨‍🔬👩‍🔬 15 Million videos and 24% growth amid global scrutiny

  5. 3 Years AFTER Hack: AT&T's 73 Million Customer Data Disaster, Full Dataset Dumped Online, 🌐 Exposing Millions of SSNs and Birthdates 🆔,, Prompting Mass Reset for 7.6 Million Accounts 🔐

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