Good Morning Folks!!! Strap yourselves in for a surprising fact about the iconic Coca-Cola recipe. The original formula, penned in 1886, supposedly included a small amount of cocaine! Luckily, the recipe was tweaked by the early 20th century, but the mystery ingredient "Merchandise No. 7X" remains a secret to this day. Here's to hoping the market today is a bit more transparent than that recipe!

FINANCE
Major Private Equity Firms Seek Investment In Haldiram

One Liner: Haldiram's, a dominant Indian snack brand with global reach, attracts bids from major Private Equity(PE) firms. Despite offers exceeding $8 billion, the Haldiram family remains unmoved, suggesting alternate plans for their Rs 9,000 crore empire.

Investment giants like Blackstone target Haldiram's with sizable offers for a controlling stake. Valued at $8-8.5 billion, the family firmly rejects these approaches. This intense interest reflects Haldiram's market power, with a diverse product range and global presence. Their 150 restaurants further solidify their brand.

STOCK MARKET
Indian Stock Market Hits $5 Trillion Dollars

One Liner: The Indian stock market has scaled new heights, achieving a landmark entry into the coveted $5 trillion club. This impressive feat comes despite recent foreign investor withdrawals in anticipation of the upcoming Lok Sabha elections.

The Bombay Stock Exchange (BSE) played a pivotal role in this achievement. On Tuesday, the combined market value of all listed stocks on the BSE reached a historic high of Rs 414.75 lakh crore, propelling India into the elite group of $5 trillion economies.

INSURANCE
50 LIC Policies: Experts Weigh in on Kangana Ranaut's Choice

One Liner: Financial experts caution that Kangana Ranaut's choice to hold 50 LIC policies, while seemingly thorough, could result in excessive complexity and cost.

Kangana Ranaut, with assets of over Rs 91 crore and a debt of Rs 17.38 crore, may face significant challenges with her 50 LIC policies. Experts suggest that this approach can lead to potential financial losses and advise aligning insurance with financial obligations, suggesting tools like HLV calculators and considering factors such as income replacement, debt repayment, and future expenses. They recommend fewer, tailored policies for high net-worth individuals like Ranaut, including term life, ULIPs, and guaranteed plans for comprehensive coverage without complexity.

WORLD

Tesla and SpaceX CEO Elon Musk is eyeing the Sri Lankan domains to kickstart Starlink's next venture. The discussions have been on a roll at the 10th World Water Forum in Bali between Musk and Sri Lankan President Ranil Wickremesinghe, who is exploring the indomitable prowess of Starlink to bridge connectivity voids and unravel new economic and educational horizons among remote communities.

In what is deemed an underwater race between two influential nations, India has applied for a license at the United Nations' International Seabed Authority (ISA) to unfold the intricacies of the Carlsberg Ridge and Afanasy-Nikitin Seamount in the Indian Ocean for precious minerals like cobalt and manganese. These minerals serve as essentials in synthesizing EV batteries and solar panels.

On the heels of bans thrust upon food titans MDH and Everest by Hong Kong and Singapore over the alarming presence of ethylene oxide, Indian authorities have proactively taken measures by carrying out ethylene oxide testing and a full-fledged inspection of the concerned manufacturing units amidst the regulatory perusal.

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Forget expiration dates!!

Honey's a champion of longevity. Archaeologists unearthed edible honey in Egyptian tombs over 3,000 years old. Talk about a sweet time capsule!