Your Wednesday Updates: ✋ Know your World

Hello Otter community!

In today’s edition: Indian Rupee starts weak and so does oil due to rising ME conflicts; Mother Nature decided to rain down hard on UAE, Dubai flights affected; India is excitedly awaiting Elon Musk Musks’s arrival but his execs have already arrived at the party in Rajasthan; Justin Trudeau is all out for grabbing Canadian voter share; and our elaborate coverage on all things Tech

TODAY’S HIGHLIGHTS

1. Indian Rupee Hits Record Low of 83.5350 to the Dollar💲as U.S. yields surge and Middle East tensions mount, with Asian currencies and equities declining 📉

2. Musk’s India Tour Starts April 21: 👨🚗 Senior Tesla execs have met Rajasthan officials amid India foray plans; India anticipates auto giant’s entry to spur innovation beyond electric vehicles. 🚀

3. India's economy to grow by 6.5% in 2024 📈 Fueled by MNC shift to Indian manufacturing, says UNCTAD report

4. Odisha heatwave causes school to shut 🥵 from April 18 to 20

5. Zee Entertainment's tech subsidiary Sugarbox shuts down, putting 50-60 employees out of work 🚫💼 No salaries paid!!

THE MARKET MOVEMENT

Bse Power Index ⚡️ surges, outperforms Sensex For 4th Straight Year 💥 

1. IPO: Greenhitech Ventures IPO oversubscribed 729 times, investors flock for a piece of the petroleum-based products trader 📈💸

2. Lubricants: Savita Oil Technologies hits all-time high on groundbreaking Ester molecule for biodegradable applications and EV cooling; stock zooms 5.45% 🌿

3. Trade & Distribution: Meson Valves shares rise over 3% amid market weakness; secures export orders worth $8.46 million 💼

4. Financial Services: Jio Financial Services and BlackRock announce JV for wealth management business, Jio Financial stock jumps 5% 🚀

GEOPOLITICS SPOTLIGHT

1. Oil prices dip on weak demand outlook despite Middle East tensions 🛢️🌍

2. Stock markets in Asia fall, US dollar surges amid Fed rate action concerns; Brent crude stays above $90 📉

3. Dubai drenched in rare deluge! Airport shutdown! ☔Unprecedented rainfall floods UAE and Bahrain, 18 dead in Oman as city receives 1.5 Years' worth of rain in 1 Day 🌧️

4. Canada's Budget 2024: 💰📉 Tax hikes for rich, social welfare boosts for Gen Z, Trudeau's fight for voter base intensifies! 📈💸

5. UK inflation drops to 3.2% 📉  Hitting 2.5-year low; Pressure on BoE to cut rates grows! 💸💼

6. UN Security Council to vote 🗳️ Thursday on Palestine's application for full UN membership amidst Israel's offensive in Gaza; US opposes the proposal

TECH NEXUS

1. No Duopoly for India UPIs: 🙅 NPCI to engage with fintech startups to counter PhonePe, Google Pay dominance in UPI ecosystem 📱💳

2. Google Wallet to Launch in India: Differentiating from Google Pay 💳

3. NASA’s $11 billion Mars Sample Return Mission Overhauled: 🚀💥 A boon for space startups! 🌌🔍 Mission deemed too expensive and distant, prompting a shift towards commercial providers 🛰️

4. Tesla Ends Discounts on EVs: Part of CEO Elon Musk's strategy shift to streamline sales and delivery system 🚗💰

5. Tesla's Trims +10% Employees: Layoffs driven by poor financial performance, high performers among those affected 📉

6. Game-Changer for Crowdfunding: 🎉 Kickstarter introduces late pledges for post-campaign preorders

#AI

1. $1.5 Billion AI Move: Microsoft invests in UAE AI giant G42 amid U.S.-China tech war 🚀💰

2. Adobe Teases AI Video Generation Features for Premiere Pro: Reveals plans for collaboration with OpenAI and other vendors 😮

3. AI Incubator Betaworks Launches 9 AI Agent Startups: To revolutionize mundane tasks, including AI-powered email sorting and meeting scheduling! 🚀💼🤖

4. Meta's Oversight Board seeks public input on AI-generated obscene images case involving Indian and American public figures 📸