Good Morning Folks!!! The script of this iconic movie, which later became one of the most thrilling action franchises of all time, was sold for just $1. This film launched the career of one of Hollywood's most celebrated directors, Quentin Tarantino, and became a cult classic known for its witty dialogue and intense action sequences. Can you guess the movie in question? Stay tuned till the end of the newsletter to find out!

CORPORATE
IDBI Bank Privatisation Heats Up: Kotak, Carlyle Group, and Others Shortlisted

One Liner: Who will grab the IDBI crown? The race is on with big names in the fray!

The Reserve Bank of India (RBI) has moved a step closer to IDBI Bank's privatization by finalizing a list of eligible bidders for its stake sale. The shortlist includes major players like Kotak Mahindra Bank, the Carlyle Group, and Prem Watsa's Fairfax Financial, among others. These contenders are now vying for a significant stake in the state-owned bank, which marks a critical move in India's banking sector reform. The RBI's selection follows a rigorous vetting process to ensure the bidders meet stringent eligibility criteria. With the government looking to offload its majority stake in IDBI Bank, the privatization effort is expected to inject fresh capital and bring in new management practices, potentially revitalizing the bank and enhancing its competitiveness in the financial sector. The final selection is anticipated to conclude by March 2025.

AUTOMOBILE
Here's How Tata Motor’s Demerger Will Affect Shareholders

One Liner: Rev your engines, shareholders! Tata Motors is shifting gears with its newly approved demerger!

Tata Motors has received the necessary approvals to proceed with the demerger of its Passenger Vehicles (PV) business, creating a separate entity to better focus on growth and efficiency. This strategic move aims to enhance operational flexibility and allow each business to pursue distinct goals. For shareholders, this means they'll receive shares in the new company proportional to their current holdings in Tata Motors. The demerger is set to unlock value by streamlining operations and potentially attracting strategic investors into the newly formed entity, thus positioning Tata Motors for further growth in the competitive automotive industry.

BANKING
Despite Booming Technology Indian Banks Prefer Traditional Phones Over Smartphones

One Liner: Indian banks say ‘Join us, but ditch that smartphone!’

In a quirky twist, Indian banks are courting new customers while giving smartphones the cold shoulder! In a digital era where mobile apps reign supreme, some banks are saying no to smartphones for opening accounts. The irony? They're using technology to expand reach but restricting it for new customers. Why, you ask? Concerns about cybersecurity and authentication issues, apparently. Banks want to ensure identity verification isn't compromised by tech glitches or fraudsters. But with tech-savvy millennials on the rise, banks might need to rethink their stance, lest they miss out on a chunk of the tech-loving population!

WORLD

Russia is reportedly engaged in discussions for a potential prisoner swap involving U.S. journalist Evan Gershkovich, who has been detained on espionage charges since March 2024. This swap may include exchanging Gershkovich for Russian nationals imprisoned in the U.S. The talks are part of ongoing diplomatic efforts to resolve tensions and secure the release of detained individuals between the two countries. However, the details and progress of the negotiations remain unclear as both nations navigate complex diplomatic relations.

Turkish shooter Yusuf Dikec gained internet fame at the Paris Games after his unique reaction to winning a silver medal in shooting went viral. Despite achieving silver, Dikec's exaggerated celebrations and humorous antics on social media captured public attention, sparking a wave of memes and online discussions. His lighthearted approach and positive attitude have resonated with fans, making him a popular figure in the Olympic community and highlighting the lighter side of competitive sports.

Uber has partnered with BYD, a Chinese electric vehicle (EV) manufacturer, to integrate 100,000 of BYD's EVs into its global ride-sharing fleet. This strategic collaboration aims to accelerate the adoption of electric vehicles, reducing emissions and enhancing sustainable urban mobility. The deal marks a significant expansion of BYD's presence in international markets and aligns with Uber's commitment to becoming a zero-emissions platform by 2040. The partnership reflects growing interest in electric transportation solutions and represents a step toward greener urban transit.

Grab Your Tickets: Aakash & Prakash Mehta's DARK - Stand-up Comedy

Foodie Try: Ginger Tea from The Tea Brewery

Workshop: Quill Art Workshop

Riddle

I am so simple that I can only point, yet I guide people all over the world. What am I?

ANSWER TIME!!

Answer(Trivia): The Terminator

Answer(Riddle): Compass