Good Morning Folks!!! If dreamy star lit nights captivate you, you might want to ponder about how this certain distant valley experiences unusual flickering lights that dance and change colors in the night sky. Scientific explanations range from natural gas emissions to reflections of man-made light sources, but the mystery remains unsolved. Can you in what country where this celestial spectacle is situated? Stay tuned till the end of this newsletter to find out!

Today’s Read time is 5 minutes.

TRADE
Visakhapatnam Port Makes Global Top 20 List!

One Liner: Visakhapatnam Port breaks into the world's top 20 container ports, marking a milestone for India's logistics sector!

Visakhapatnam Port has sailed into the global spotlight, securing a spot among the top 20 container ports worldwide. This state-owned gem, managed by Visakhapatnam Port Trust and Adani Ports and Special Economic Zone Ltd, showcases India's growing prowess in the logistics sector. With this achievement, Visakhapatnam Port is set to enhance India's maritime strength and economic footprint. Cheers to a new era of shipping excellence! 🚢🌏

IPO
Bajaj Housing Finance’s ₹4,000 Cr IPO Gets Green Light

One Liner: Bajaj Housing Finance secures board approval for a ₹4,000 crore IPO, setting the stage for a major market move!

This significant move aims to boost capital and expand the company’s financial reach. The IPO will provide a fresh infusion of funds, supporting Bajaj Housing Finance’s growth and strategic initiatives. Investors are buzzing with excitement as this development promises to create substantial market ripples!🌟📊

STARTUP
Maino AI Raises $1.8M to Revolutionize Digital Marketing

One Liner: Maino AI secures $1.8 million in funding to elevate digital marketing automation to new heights!

This funding boost is set to drive the startup’s innovative approach, leveraging AI to streamline and enhance marketing strategies. With these fresh funds, Maino AI aims to automate complex marketing processes, making campaigns more efficient and impactful. Get ready for a marketing revolution, powered by Maino AI! 🌐✨

WORLD

Open AI and Google DeepMind workers blurted out a heads-up that warns of AI industry perils, citing a diminished safety valve within the industry and summoning an augmented blanket of protection for the whistleblower squad. The letter underlines the prerogative to alarm the public about AI and unwrap the surreptitious mysteries that the industry holds. A herd of eleven incumbent and erstwhile employees of Open AI and Google DeepMind, respectively, made their imprints on the letter.

In a paradoxical vogue, the BRICS cohort’s banking system is skyrocketing while the US is experiencing its low moments in the banking domain. Taking the count of banks that hit rock bottom with their precariously wobbly financial status, it stands at 15. Dotting the list are all reputable ones like Silicon Valley Bank and First State Bank, among a slew of others. The recent fad, as unraveled by the Federal Deposit Insurance Corporation (FDIC) in its latest report, showed that the US banking machinery is pursuing an unfulfilled loss of $517 billion.

The public debt is soaring at an unprecedented pace that even rockets cannot attain. It went on to establish new records, touching $97 trillion, painting a bleak picture of developing countries that owe their curtailment of rudimentary government services like healthcare, climate change, and education to the proposed debt scenario. The UNCTAD clubbed this attribute towards the skyscraping interest payments, making it a tad bit rough on requisite public spending. 

Watch: This Man Explains How to Save Bengaluru

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Go For It: Olympian Circus

RIDDLE

A bus driver goes the wrong way down a one-way street. He passes the cops, but they don’t stop him. Why?

 ANSWERSS!!

Answer (Trivia): Norway

Answer (Thursday’s Riddle): Horizon