Good Morning Folks!!! Which modern-day reality TV star and business mogul, famous for her role on a hit reality show and her glamorous lifestyle, has a "glam" clause in her will? This clause mandates that if she ever becomes vegetative someone must ensure her hair, nails, and makeup remain flawless. Known for her beauty empire and signature looks, who is this iconic celebrity who plans to stay fabulous even in challenging times? Stay tuned till the end of the newsletter to find out!

FINANCIAL SERVICES
RBI Fines Visa Rs 2.41 Crore for Unauthorized Payment Method

One Liner: The RBI has imposed a Rs 2.41 crore fine on Visa for using an unapproved payment method, reflecting tighter regulatory scrutiny.

The Reserve Bank of India (RBI) has fined Visa Rs 2.41 crore (about $288,000) for using an unauthorized payment method. This penalty highlights the RBI's increased scrutiny of fintech practices. Visa has acknowledged the fine and committed to following RBI regulations. This follows an earlier RBI order from February that stopped Visa from using an unapproved payment route.

EMPLOYMENT
India’s Manufacturing Sector Surges with 200% Job Growth Over Two Years

One Liner: India’s manufacturing sector is booming, surpassing services in job growth with a 200% increase over two years and a projected 6.5 million new jobs by 2024.

India's manufacturing sector is experiencing a dynamic resurgence, outpacing job growth in the services sector for the first time in years! Over the past two years, manufacturing jobs have surged by 200%, driven by government incentives, increased domestic demand, and capacity expansions. By 2024, the sector is projected to create 6.5 million jobs and see an 18.4% growth rate, a sharp rebound from previous declines. The boost is fueled by initiatives like the Production-Linked Incentive (PLI) schemes and significant investments in infrastructure and new technologies. With the government's Make in India goal and a thriving domestic market, manufacturing is set to become a global powerhouse, generating millions of new opportunities and reinforcing India's position as a key manufacturing hub.

GOVERNMENT
Carl Zeiss Invests ₹2,500 Crore in Major Indian Lens Manufacturing Facility

One Liner: Carl Zeiss is investing ₹2,500 crore to establish a major lens manufacturing plant in India, set to begin production in June 2025.

German optics giant Carl Zeiss is making a significant leap into India with a ₹2,500 crore investment to build a state-of-the-art lens manufacturing facility. Set to commence production in June 2025, this new plant in Karnataka will be one of the largest of its kind globally, producing a wide range of lenses for vision care, cinema, and photography. Rohan Paul, Business Head for India and neighboring Markets highlights that the factory will serve both domestic and export markets, emphasizing India's strategic importance to Carl Zeiss. This bold move reflects the company’s commitment to expanding its footprint in one of its key markets.

WORLD

Scientists have discovered that dark oxygen is produced on the deep ocean floor, where sunlight does not reach. This finding was made in the Mid-Atlantic Ridge, where chemical reactions involving water and minerals from hydrothermal vents create oxygen without photosynthesis. This process, known as serpentinization, has significant implications for understanding oxygen sources in the deep sea and could provide insights into the origins of life on Earth. The study highlights the complexity of deep-sea ecosystems and the potential for life in similar environments on other planets.

Hadi Matar, a New Jersey man, has been charged with terrorism and attempted murder for the attack on author Salman Rushdie in New York. Prosecutors allege that Matar was inspired by the extremist group Hezbollah and had links to Iran. The attack occurred during an event in Chautauqua, New York, where Rushdie was scheduled to speak. The indictment includes charges of attempted second-degree murder and assault. Matar's alleged connections to Hezbollah and Iran highlight ongoing concerns about extremist influences and terrorism threats in the United States.

China is defending its manufacturing capabilities amid global criticism, emphasizing the need for more electric vehicles (EVs) worldwide to meet climate goals. The country highlights its role as a major player in the EV market, producing a significant share of batteries and EV components. Chinese officials argue that their manufacturing strength is essential for the transition to clean energy and stress the importance of international cooperation in tackling climate change.

Lunch: Korean Buffalo Chicken Burger from Seoul Mate Korean Burger

Inspiration: The Inspiring Comeback Story of Cafe Coffee Day (CCD)

Workshop: Clay Modelling Painting Workshop

Riddle

What can you drive that has wheels and also flies?

ANSWER TIME!!

Answer(Trivia): Kim Kardashian

Answer(Riddle): A Garbage truck