Good Morning Folks!!! It's fascinating that our very existence treads tightly on the meaningfulness of life and willpower. And what better way to ignite it than with a delectable treat? A natural delight so extraordinary it never spoils, remaining perfectly edible for millennia. In fact, archaeologists have discovered this sweet wonder in ancient tombs, still as fresh as the day it was made. What is this timeless treasure? Stay tuned till the end of the newsletter if you have acted today's trivia

Today’s Read time is 6 minutes.

TECH
Zomato Fuels Blinkit with ₹300 Crore to Outpace Rivals

One Liner: Zomato is injecting ₹300 crore into Blinkit to fend off Swiggy and Zepto in the rapid delivery race

Zomato is channeling ₹300 crore into Blinkit, aiming to double its dark stores and stay ahead in the quick-commerce clash against Swiggy and Zepto. This move comes as Swiggy preps for an IPO and Zepto hunts for more funds. With more stores and speedier deliveries, Zomato's ensuring they’re the fastest on the food chain. Fast food just got a lot quicker! 💰🤯

INSURANCE
IRDAI Rules To Ensure Claim Settlement Within 7 Days

One Liner: IRDAI's new rules are revolutionizing the insurance sector by facilitating faster claims and reducing paperwork

The latest IRDAI has made modifications to rules to the smooth functioning of the sector granting flexible durations for any situation.  Plus, claims are getting a speed boost - surveyors assigned in 24 hours, reports done in 15 days, and claim decisions in just 7 days.  On top of that, no more worries about missing paperwork -  insurers will ask for everything upfront! 🥂🍾

BANKING
Dearness Allowance Up By Nearly 16% for Bank Employees

One Liner: Bank employees rejoice! Their dearness allowance gets a bump to 15.97% for May-July, putting more money in their pockets

Good news for folks working at the bank! The Indian Bank's Association (IBA) announced a 15.97% increase in dearness allowance for employees in May, June, and July 2024. This translates to a welcome boost in their paychecks.  This comes on top of the 17% annual wage hike agreed upon earlier this year! 📈 🤑

WORLD

Elon Musk, in a surprising move, threatened to ban Apple devices from his companies if they integrate OpenAI at the operating system level. He considers this a security risk. Apple recently announced a partnership with OpenAI to bring ChatGPT technology to its devices. Musk seems to believe Apple cannot develop secure AI on its own. An expert weighs in, suggesting Apple is trying to assure users about their cloud security. This comes amidst Musk's ongoing feud with OpenAI, a company he co-founded but later sued for allegedly deviating from its initial mission.

Crypto investment platform Mudrex launched a new commission-free product called Earn. Earn allows users to gain passive income on up to 50 cryptocurrencies with no lock-in period and interest rates up to 10%. This new feature aims to make crypto holdings more profitable for users. The product is already gaining traction with over 5,000 users in the beta stage. Mudrex plans to expand the list of supported cryptocurrencies in the future.

A tragedy struck Malawi as Vice President Saulos Chilima and nine others perished in a plane crash. The military aircraft they were on went down in bad weather on Monday and wreckage was found in a mountainous area on Tuesday. This is a significant loss for the nation, with Chilima being a prominent figure.

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Workshop: Tote Bag Painting Workshop

RIDDLE

A barrel of water weighed 60 pounds. Someone put something in it and now it weighs 40 pounds. What did the person add?

 ANSWERS!!

Answer (Trivia): Honey

Answer(Tuesday’s riddle): Coffin