Good Morning Folks!!! This one's for the bookworms. Did you know Jane Austen's iconic novel, Pride and Prejudice, almost had a different title? Believe it or not, the first draft wasn't about grand balls and witty exchanges but something a lot more ....subtle. It still, however, perfectly encapsulated the essence of the leading couple, Elizabeth and Darcy, a similarity it shares with the revised title. Can you guess the original name of the book? Stay tuned till the end of the newsletter to find out if you have aced today's trivia!

CORPORATE
PSU Banks’ Dividend Delight

One Liner: Four PSU banks shell out Rs 6,481 crore in dividends to the government, bolstering public offers.

In a financial boost to the public treasury, four PSU banks have collectively paid Rs 6,481 crore in dividends to the government. This substantial payout highlights the robust performance and profitability of these state-owned banks. The dividend influx is a welcome addition to government revenue, aiding in funding various public expenditures and initiatives. It reflects the banks' commitment to sharing their success with the state, ensuring that the financial gains benefit the broader economy. It's a win-win for the government and the banking sector, celebrating fiscal success and public benefit!

RBI
Banks Can Use Brickwork Ratings

One Liner: RBI allows banks to use Brickwork Ratings, a Bangalore-based Firm, with certain conditions, aiming to balance risk and reliability.

The RBI has granted banks permission to use Brickwork Ratings, but with specific conditions to ensure risk management and reliability. This move aims to provide banks with more flexibility in their credit rating choices while maintaining stringent oversight. The conditions set by the RBI are designed to uphold the quality and credibility of the ratings, helping banks make informed lending decisions. This regulatory tweak seeks to strike a balance between expanding options for banks and safeguarding the financial system's integrity. It’s a cautious green light from the RBI, ensuring that the rating game stays fair and square

GOVERNMENT
SC Stays HC’s Order on Adani Ports’ Grazing Land

One Liner: The Supreme Court puts a hold on HC’s decision to reclaim 108 hectares of grazing land from Adani Ports, stirring legal drama.

The Supreme Court has temporarily halted the High Court’s order to take back 108 hectares of grazing land from Adani Ports. This stay provides Adani Ports a reprieve as it navigates the legal tussle over the disputed land. The High Court had earlier directed the return of the land, but the Supreme Court’s intervention pauses this mandate, allowing more time for legal review and arguments. The case is a significant clash involving land use and corporate interests, with the final outcome poised to impact Adani’s operations and land management policies. Stay tuned; the courtroom drama is far from over!

WORLD

China is treading the path of Elon Musk’s Neuralink as it gears up to forge its own tech doppelganger. The country is kickstarting the project by forming a committee that will draft parameters for designing complex neuro-computer interfaces. As part of the plan, the committee has beckoned technical mavericks and industrial champions to elevate the standards of production.

India and Russia have cemented a bilateral trade pact unlike any other to surpass USD 100 billion by 2030 with a laser focus on currency settlement mechanisms, exploration of novel trade routes, mutual agreement on agriculture and energy sectors, in addition to a tranquil humanitarian alliance amid chaos. The decision took shape at the 22nd Annual Bilateral Summit in Moscow, reinvigorating their synergy towards a distinctive and strategic collaboration.

India’s diesel exports to Europe are skyrocketing steadily, as the data reveals that they have quadrupled from the previous month, while refiners are squeezing every ounce of the opportunity by exploiting the continent’s more conducive margins. Albeit, looking from a broader perspective, India’s diesel exports saw a notable 4% decline, restricting them to 482,400 barrels per day. Reliance Industries and Rosneft-powered Nayara supply diesel, jet fuel, and petrol to the markets nestled in both the east and west.

Your Lunch Order: Chicken Omelette from Protein Chef

Trailer Alert: We Live In Time | Official Trailer

Workshop: Journaling Party

Riddle

It cannot be seen, cannot be felt, cannot be heard, cannot be smelt. It lies behind stars and under hills, and empty holes it fills. It comes first and follows after, ends life, kills laughter.

ANSWER TIME!!

Answer(Trivia): First Impressions

Answer(Riddle): Darkness