Peregrine lander launched to Moon with humans remains to crash on Earth tonight
The spacecraft was to deliver approximately 20 payloads, with a total mass capacity of 90 kg, to the lunar surface. It was also carrying unconventional items such as a copy of Wikipedia, a bitcoin. Key Points
India TodayMoon to hide a bright star in a rare celestial event in November
Spica, located in the constellation Virgo, is known for its brilliant blue-white hue and is one of the brightest stars visible from Earth. It is approximately 250 light-years away and is classified as a binary star system, with its primary component being a massive blue giant. Key Points
India TodayStress in the Air? Another young pilot from Air India dies of heart arrest
An Air India pilot, approximately 37 years old, passed away due to a sudden cardiac arrest at the airline's Gurugram office. This incident highlights the issue of stress and fatigue among pilots, with concerns about demanding schedules and faulty rostering practices. The Directorate General of Civil Aviation (DGCA) has released a draft of revised flight duty time limitation (FDTL) rules to address these concerns. Key Points
Economic TimesCognizant to lay off 3500 employees, expects 2023 revenue to decline marginally
As a part of the plan it will be laying off 3,500 employees or roughly 1 per cent of the workforce. The company will also be realigning office space and giving up close to 11 million square feet of office space in top tied cities in India. Key Points
FinancialexpressGlobal chip shortage eases, offering hope for automobile supply chains: CRISIL
The global chip shortage, which had a significant impact on the automobile industry in India, is gradually improving. Supply-chain challenges are being addressed, and improved predictive demand forecasts are enabling more stable production schedules. The scarcity of semiconductors caused production delays and reduced sales in India. However, the situation is expected to normalize by fiscal 2026, thanks to new global manufacturing capacities. Key Points
Economic Times
Amazon’s Audible fired over 100 employees
Amazon's Audible division to reduce its workforce by approximately 5 per cent as part of the company's broader efficiency strategy. The move follows similar layoffs in other Amazon units. Key Points
India TodayPassport offices overflowing with Gujaratis attempting to fix traditional 'suffixes' in their names
Officials at the RPO acknowledged that this linguistic practice stems from the region's speech patterns. However, it becomes problematic when the suffixes vary across the documents required for passports and visas. Wren Mishra, from RPO Gujarat, disclosed that they receive approximately 4,000 daily applications, of which around 1,000 pertain to name changes, alterations in birthplace, or adjustments in birth dates. Of these, approximately 800 requests involve the addition or removal of suffixes like 'ben,' 'bhai,' and 'Kumar.' Key Points
Economic TimesIndia's housing sales hit record high in Q2 despite high loan rates, economic challenges
Despite challenges such as soaring home loan rates and global economic uncertainties, the housing sales in India reached an all-time high in the second quarter. approximately 115,100 units were sold, a 36% increase compared to the same period last year. Mumbai Metropolitan Region (MMR) and Pune accounted for over half of the sales, with Pune experiencing the highest yearly jump of 65%. New property launches also increased by 25% compared to the previous year. The average residential property prices witnessed a moderate increase of 6-10% in the second quarter. Key Points
Economic TimesEight more aid trucks expected to enter Gaza: UN official
"We have gotten in approximately 74 trucks. We're expecting another eight or so today," said UN Humanitarian Coordinator for Occupied Palestinian Territory. | World News Key Points
Hindustan TimesApple CEO Tim Cook sells shares worth $41 million
International Business News: According to a US securities filing, Apple CEO Tim Cook gained $41.5 million after taxes on his largest share transaction in two years. According to t Key Points
Times Of India
Comet multi-time bigger than 'Mount Everest' is coming towards Earth. Check size, key details
A comet, which is way bigger than Mount Everest, is nearing the earth after an explosion. The explosion was observed on October 5. Key Points
Economic TimesRBI likely to transfer Rs 1,000 billion to govt in FY25
The Reserve Bank of India (RBI) is likely to transfer approximately Rs 1,000 billion to the government in FY25, according to a report by Union Bank... Key Points
The Tribune IndiaED attaches assets worth Rs 1.26 crore in Dehradun cyber fraud case
New Delhi [India], March 26 (ANI): The Enforcement Directorate (ED) has attached assets worth approximately Rs 1.26 crore linked to Dehradun-based A to Z Solutions, which is accused of duping foreign customers by providing fake online support services. The assets were attached in connection with a money laundering case involving A to Z Solutions — […] Key Points
ThePrintIsraeli Geologists discover Messinian-period underwater canyon near Cyprus
The 10-km wide tunnel is located 500 m below sea surface & was buried during the Messinian period, which occurred approximately 5.5 million years ago. Key Points
ThePrintApple plans to assemble iPhone 17 in India: Ming-Chi Kuo
Apple is reportedly planning to assemble the iPhone 17 in India, diversifying production outside China. The report also highlights that approximately 12-14 percent of iPhones distributed worldwide are manufactured in India. Key Points
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Meta proposes monthly fee for using Instagram and Facebook without ads, here are the details
Meta has reportedly proposed a monthly subscription fee for using Instagram and Facebook without ads. Under this plan, users in Europe could be charged approximately $14 (around Rs 1,165) per month for an ad-free experience on these platforms. So far, there is no word for the Indian market. Key Points
India TodayIndia may aim to monetise $24 bn worth of highways by 2027
The Indian government aims to generate revenue of around $24.1 billion by monetising highways in the coming years, according to rating agency CareEdge. The plan involves building thousands of kilometers of new roads annually and using an Infrastructure Investment Trust (InvIT) or a toll-operate-transfer (TOT) model to generate revenue from these assets. Key Points
Economic TimesGovernment aiming to monetise $24 bn worth of highways by 2027
The Indian government aims to generate revenue of around $24.1 billion by monetising highways in the coming years, according to rating agency CareEdge. The plan involves building thousands of kilometers of new roads annually and using an Infrastructure Investment Trust (InvIT) or a toll-operate-transfer (TOT) model to generate revenue from these assets. Key Points
Economic TimesAeroflex Industries IPO opens. Should you subscribe to the issue?
Aeroflex Industries is a market leader in the field of metallic flexible flow solutions, offering a comprehensive range of products including corrugated stainless steel hoses and interlock flexible metal hoses. The company has grown at more than 37% revenue CAGR in the last three years, operating at more than 4.85 times asset turnover, over 20% EBITA margins and generating approximately 32% ROCE. Key Points
Economic Times100% increase in CUET UG exam takers in 2023, results declared
CUET UG 2023: The number of candidates has doubled since last year, with approximately 19.2 lakh students taking the exam in 2023. Key Points
Hindustan Times
India poised to end AIDS epidemic, says UNAIDS country director
AIDS claimed a life every minute, globally, in 2022. approximately 9.2 million people, including 660,000 children living with HIV, still lack access to treatment. Key Points
mintBajaj Finance shares zoom 8% to hit 52-week high. What's cooking?
Shares of Bajaj Finance surged 8% to reach a 52-week high of Rs 7,916.70 following a positive quarterly update. The company reported a 34% increase in new loans booked during Q1 compared to the same quarter last year. Bajaj Finance also recorded the highest-ever quarterly growth in assets under management, which reached approximately Rs 270,050 crore. Its customer base also grew to 72.98 million. With the stock's impressive performance in recent years, global brokerage firm Jefferies reiterated its buy rating and target price of Rs 8,310. Key Points
Economic TimesBajaj Finance new loan bookings up 20% YoY in Q4, core AUM grows 29%
The companys core assets under management or AUM as of March 31 stood at Rs 2.47 lakh crore, 29% higher from the year-ago period. In the quarter ended March, the AUM grew by approximately Rs 16,500 crore. Key Points
Economic TimesRishi Sunak spent over ₹5 crore on private jet trips in less than 15 days: Report
In October last year, Rishi Sunak became UK’s first prime minister of colour and its youngest head of state in modern times. He has often faced criticism for his lavish lifestyle. Key Points
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