Good Morning Folks!!! One is no stranger to this shipwreck haven shrouded in legend. Located off the coast of Japan, this area is known for unusual magnetic compass readings, sudden violent storms, and disappearances of ships and planes. Legends say a mythical dragon lurks beneath the waves, causing the disturbances. Are you a connoisseur of mystery? Stay tuned till the end of this newsletter to find out if you’ve aced today’s trivia!

Today’s Read time is 6 minutes.

AERONAUTICS
ISRO and HAL Team Up To Boost The Upcoming LVM3 Project

One Liner: ISRO Chairman inaugurates new facilities at HAL to power the LVM3 programme, marking a significant leap in India's space capabilities!

ISRO Chairman S. Somanath has inaugurated state-of-the-art facilities at HAL, set to bolster the LVM3 programme. This partnership aims to enhance the capabilities and efficiency of India’s launch vehicle program. The new facilities are designed to support the integration and testing of critical components, propelling India’s space ambitions forward. With HAL’s robust infrastructure and ISRO’s cutting-edge technology, the collaboration promises to elevate India’s position in the global space arena! 🚀🔧

POLICY
Cauvery Stage V Project Faces Delays

One Liner: Bengaluru’s Cauvery Stage V water supply project hits delays, affecting the city's thirst for more water.

Bengaluru’s ambitious Cauvery Stage V water supply project is running behind schedule due to various technical and administrative hurdles, causing concerns for the city's growing water needs.Residents might have to brace for extended wait times before they see improvements in their water supply. The project delay underscores the challenges in addressing Bengaluru’s burgeoning water demands, highlighting the need for efficient project management and timely execution 🚰⚠️

FINTECH
Baby Food Inclusive Of Non-Milk Ingredients To Be Taxed Up To 18% GST

One Liner: In concentrated efforts towards bolstering food safety, India imposes 18% GST on baby food products with non-milk ingredients, stirring up the baby food market. 🍼💸

India’s baby food market is facing a shake-up as the government slaps an 18% GST on products containing ingredients other than milk. This new tax policy aims to standardize the GST rates across various baby food items, ensuring clarity and uniformity. While milk-based baby foods remain unaffected, parents and manufacturers might feel the pinch on other baby nutrition products. The move is expected to impact pricing and market dynamics, prompting industry players to reassess their strategies. 🛒⚖️

WORLD

The payments startup Payhawk, with Bulgarian roots, is gearing up for fresh mergers and acquisitions to elevate its corporate spend management game to unseen heights. The prodigious firm is in a hunt for the most sought-after company or a gamut of companies at the series A phase of their business stage, garnering corporate attention worldwide due to the fintech’s unabashed growth of 86% in the fledgling quarter. Make way for some Hawk Union!

An eye-popping encounter just unfolded on the Caribbean seafloor, in a sculptor gallery with the snazziest features. Built with a purpose, the Aqua Gallery is a call to protect and preserve the vibrant coral reefs that are worrisomely affected by climate transition and tourism. The potters Hugo Osorio and Pedro Fuentes have so far sculpted 25 figures in the sparkling blue waters, each of them measuring up to 5 feet tall and spread like a watery fiesta at a thickness of about 6 meters, tantalizing uber-cool visitors such as divers and fish. Truly a sight to behold!

The e-commerce king Alibaba is jazzing up its international clout with novel services targeted at wooing small businesses across the US and Europe as a way of establishing a global foothold. Alibaba.com, its B2B platform, proclaimed Thursday that it is kickstarting “Alibaba Guaranteed” to augment service delivery, payment quotient, and dispute resolution in a meticulous manner. Alibaba’s prez also identified the rising fad of fragmentation in supply chains and emphasized that bottom-to-top engagement with small businesses has the potential to spice up profit margins. The OG empire is loading!

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RIDDLE

Paul's height is six feet, he's an assistant at a butcher's shop, and wears size 9 shoes. What does he weigh?

ANSWER TIME!!

Answer(Trivia): The Bermuda Triangle

Answer(Friday’s Riddle): He was walking