Good Morning Folks!!! One of the world's most infamous yet sensational pizza toppings, pineapple with ham, was actually created in 1962 by Sam Panopoulos, a Greek immigrant living in Ontario. Panopoulos decided to add canned pineapple to a pizza at his restaurant, Satellite Restaurant, and the rest is history! Can you guess this culinary delicacy, who’s renowned with a name that does not accurately reflect its origins? Stay tuned till the end of the newsletter to find out!

INFRASTRUCTURE
India’s Airport Ambition: 300 by 2047

One Liner: India plans to double its airports to 300 by 2047, aiming for sky-high growth in aviation infrastructure.

India is charting an ambitious course to double the number of its airports to 300 by the year 2047. This expansion plan is part of a broader strategy to bolster the country's aviation infrastructure, catering to increasing passenger and cargo traffic. The initiative aims to enhance connectivity, support economic growth, and create jobs across the aviation sector. By focusing on developing new airports and upgrading existing ones, India seeks to position itself as a major global aviation hub. Fasten your seat belts; the Indian skies are set for a massive transformation!

CORPORATE
Adani’s Cement Ambition Sets Eyes on Jaypee Assets

One Liner: Adani Group targets Jaypee’s cement assets through the IBC, aiming to expand its construction empire.

The Adani Group is eyeing Jaypee’s cement assets, seeking acquisition through the Insolvency and Bankruptcy Code (IBC). This strategic move aims to bolster Adani's presence in the cement industry, aligning with its broader expansion goals in the construction sector. By acquiring Jaypee’s assets, Adani plans to enhance its production capacity and market reach, leveraging the synergies between its existing infrastructure and the newly acquired assets. This potential acquisition underscores Adani’s aggressive growth strategy and its ambition to dominate the Indian cement market. Get ready for a concrete shake-up in the industry!

INFLATION
Wholesale Price Inflation Hits 3.36%

One Liner: India’s wholesale price inflation jumps to 3.36% in June, stirring economic concerns.

India’s wholesale price inflation rose to 3.36% in June, marking a significant increase and raising concerns about the economic outlook. This uptick is driven by higher prices in key sectors such as food, fuel, and manufacturing. The rise in inflation highlights the challenges faced by policymakers in balancing growth and controlling price levels. As inflationary pressures mount, there is increased scrutiny on the Reserve Bank of India's monetary policy and its potential responses to curb inflation. The surge underscores the need for strategic measures to manage the inflationary trend and stabilize the economy. Buckle up, it’s a bumpy economic ride!

WORLD

The K-pop stars are toying with AI of late to create scintillating videos and generate exquisite songs; adorning the list is the hard-core boy band Seventeen. As per estimates, the South Korean tribe had hit the 16 million album mark, making them champions in the K-pop genre. However, what has created buzz among flocks of fans is their single album that came out late, ‘Maestro’ that tantalises with an AI-generated scene.

A venture-backed startup with the moniker Synapse Financial Technologies is making headlines for a fiasco. According to the media, a copious number of consumers have been badly affected after they were unable to claim money they imagined was kept safe in their trusted bank. The fledgling company filed for bankruptcy in April. Right after the collapse, consumer accounts got frozen, and $96 million just vanished into thin air.

China is now grappling with the fallout of its infamous one-child policy, resulting in a dwindling workforce and shrinking the number of women available to give birth. Although the policy was able to boost the country and elevate workforce productivity, it seems that the population is on the edge of a long-term demographic crunch. A UN forecast reveals that China's ageing cohort is rapidly growing, and by the end of this century, the nation's population will be halved, painting a bleak future in terms of demographics.

Read: Who are the Highest Paid Actors in India July 2024

Watch: What is Trade-Based Money Laundering?? 

Party: Sushi Rolling Party

Riddle

A rooster lays an egg at the very top of a slanted roof. Which side is the egg going to roll off on?

ANSWER TIME!!

Answer(Trivia): The Hawaiian Pizza

Answer(Riddle): Roosters don't lay eggs!