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Cultural Revolution
Good Morning Folks!!! Can you guess this famous reference from a 1985 commercial that was used as a code word for menstruation that brought about a cultural revolution in talking about women's health? Stay tuned till the end of the newsletter to find out!
FOREIGN EXCHANGE
Indian Rupee Struggles as Market Sees Record Foreign Inflows
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One Liner: Despite the rupee’s decline to the second worst in Asia, India’s stock market has attracted $3.56 billion in overseas investments this quarter.
Despite recent struggles with the Indian rupee, which has become the second worst-performing currency in Asia since July, India’s stock market is enjoying robust foreign investment. During the July-September quarter, the country attracted a notable $3.56 billion in overseas inflows, positioning it as the top destination for global investments. This strong performance highlights significant international confidence in India's financial markets, even as the rupee faces challenges and shows considerable depreciation.
FINANCIAL MARKET
Asian Markets Take a Hit: Wipe Out Gains For Investors In A Massive Crash
One Liner: Asian markets are facing a downturn as fears over global economic growth and geopolitical tensions lead to significant index drops, fueling regional market volatility.
Uh-oh, the Asian markets have taken a rollercoaster dive! Major indices like Japan's Nikkei 225, South Korea's Kospi, and Taiwan's Taiex have plunged, shaking up investors and raising eyebrows. The financial turbulence is linked to growing worries about global economic growth and geopolitical tensions. Investors are feeling the heat from inflation concerns, rising interest rates, and fears of economic slowdowns in critical markets. This market slide is adding to the region's broader volatility, and everyone’s on edge to see what happens next. Stay tuned for the wild ride!
GOVERNMENT
JioFinance Expands to Paris, Revolutionizing Travel and Shopping for Indians
One Liner: JioFinance now lets Indians book Eiffel Tower tickets and shop in Paris, with enhanced services showcased at the Paris Olympics 2024.
Great news for Indian travelers! The JioFinance app now enables users to book tickets for the Eiffel Tower and shop at Galeries Lafayette Paris Hausmann. At the Paris Olympics 2024, JioFinance is prominently featured at the India House, thanks to its collaboration with Visa. The app provides a range of services including UPI, digital banking, and wallet features. Additionally, Jio Financial Services has launched the beta version of its app, introduced AirFiber leasing, and reported impressive financial results.
WORLD
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WhatsApp is reportedly developing a new AI-powered feature called “Voice Chat Mode.” This feature will enable users to interact with AI chatbots via voice commands, enhancing user experience by allowing hands-free communication. Meta, WhatsApp’s parent company, is focusing on integrating AI tools across its platforms to stay competitive in the tech industry. The move aligns with Meta's broader strategy to incorporate AI in social media and communication tools, potentially transforming how users engage with digital content.
The asteroid Apophis, which is the size of three football fields, is expected to pass close to Earth on April 13, 2029, but poses no impact threat. This event offers scientists a unique chance to study the asteroid’s composition and orbit up close using ground-based radar and telescopes. Researchers aim to gather data on Apophis’s rotation, surface features, and potential changes in its orbit caused by gravitational interactions, enhancing our understanding of near-Earth asteroids and improving planetary defense strategies.
Nvidia has reportedly been caught scraping YouTube for data to train its AI models. This practice involves collecting large amounts of data without explicit permission from content creators or the platform. The incident raises concerns about data privacy and the ethical implications of using publicly available content for AI training. As AI development continues to rely heavily on vast datasets, the need for transparent and ethical data collection practices becomes increasingly important.
Business Story: $226 Million Revenue Start-up
Foodie Stop: Salted Caramel Cheesecake from Truffles
Workshop: Short Film Making Workshop
Riddle
I'm often part of a journey but never the destination. The day you skip me, there will be a terrible situation. What am I?
ANSWER TIME!!
Answer(Trivia): Period
Answer(Riddle): A step
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