Good Morning Folks!!! Which incredible creature can taste its food just by walking on it? This colorful animal can savor meals through special receptors located on its feet. This amazing adaptation helps it identify the perfect spot to lay its eggs. Can you guess which marvelous insect we're talking about? Stay tuned till the end of the newsletter to find out!

INVESTMENTS
India Implements New Limits on Foreign Bond Ownership

One Liner: India is tightening regulations on foreign ownership of government bonds to enhance market stability and manage capital flows more effectively.

India is introducing new regulations to limit foreign ownership of its government bonds. RBI has set new caps to manage the exposure of global funds in Indian debt markets, aiming to curb volatility and ensure greater control over capital flows. This move is designed to enhance market stability and align with the broader goal of managing external economic risks effectively. RBI’s decision comes amidst concerns about excessive foreign influence and potential impacts on domestic financial stability. The new curbs will impact international investors.

TAXATION
Infosys Faces Major GST Evasion Probe: ₹32,000 Crore Under Investigation

One Liner: Infosys is under investigation for alleged GST evasion exceeding ₹32,000 crore, raising major concerns in the corporate sector.

Infosys is at the center of a massive investigation over alleged GST evasion amounting to over ₹32,000 crore. The Goods and Services Tax (GST) authorities have launched a thorough inquiry into the tech giant, scrutinizing its financial records and tax practices. This probe could significantly impact Infosys, one of India’s leading IT firms, as the authorities seek to uncover discrepancies and enforce compliance. The investigation marks a major development in the corporate sector, highlighting the government's commitment to tackling tax evasion and ensuring transparency in financial dealings.

TECH
Apple Opts for Google TPUs Over NVIDIA GPUs to Advance AI Development

One Liner: Apple has chosen Google's TPUs over NVIDIA GPUs for its Apple Foundation Model, marking a significant shift in AI development strategy.

Apple has made a bold choice by selecting Google’s cloud-based Tensor Processing Units (TPUs) to develop its Apple Foundation Model (AFM), bypassing NVIDIA GPUs. The tech giant is leveraging Google's cutting-edge TPU v4 and v5p clusters to drive its advancements in artificial intelligence. This strategic decision highlights Apple’s commitment to utilizing the most advanced and efficient technologies available, setting a new benchmark in AI development and underscoring the growing importance of Google’s TPUs in the competitive tech landscape.

WORLD

Russia plans to introduce international cryptocurrency payments by the end of 2024. This move aims to facilitate cross-border transactions and reduce dependence on traditional financial systems amid global sanctions. The central bank is developing a framework for these payments, focusing on compliance with international regulations and ensuring security. The initiative reflects Russia's growing interest in blockchain technology and digital currencies as tools to bolster economic resilience and navigate geopolitical challenges.

Pakistan is launching its own messaging app, Beep Pakistan, as an alternative to WhatsApp, but the move has sparked concerns among users about privacy and data security. The app, developed by the National Information Technology Board, aims to provide a secure communication platform for government employees and the public. However, users worry about potential government surveillance and data misuse. The app is part of Pakistan's broader strategy to develop indigenous digital solutions and reduce reliance on foreign technology.

NASA is preparing to launch four astronauts aboard the Crew-8 mission, including Sunita Williams, who is returning to space. This mission, part of NASA's ongoing collaboration with SpaceX, will further support the International Space Station's operations and research. The astronauts will focus on scientific experiments and maintenance tasks during their six-month stay. The launch marks a significant step in NASA's efforts to maintain a continuous human presence in space and advance scientific discoveries.

Foodie Trouble: Double Chicken Trouble from Burgermeister

Plan: Retire early Masterclass by Finance With Sharan

Workshop: Contemporary Dance Workshop

Riddle

Three eyes have I, all in a row; when the red one opens, all freeze like the snow.

ANSWER TIME!!

Answer(Trivia): Butterfly

Answer(Riddle): Traffic lights