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- Bit by Bit 10th Sept || India set to enter Global Bond Index || Gaana.com in survival mode as it turns to subscriptions & more
Bit by Bit 10th Sept || India set to enter Global Bond Index || Gaana.com in survival mode as it turns to subscriptions & more
BGS Committee
September 10, 2022
Good Morning! With Spanish media dubbing Charles III as King Carlos III, twitter has been loaded with memes.
"5 amazing stories in 5 minutes to make you future ready"
Happy reading!
MARKET UPDATE
BSE SENSEX : ₹59,793.14 (+0.18%)
NIFTY 50 : ₹17,833.35 (+0.19%)
NIFTY BANK : ₹40,415.70 (+0.51%)
FII Net Cashflow : + ₹2132 crores
DII Net Cashflow : - ₹1167 crores
(As of 11:00 PM 9th September 2022)
ECONOMY
Key Facts:
A broad index providing exposure to the global sovereign fixed income market is known as the global bond index.
As of 2021, the size of the bond market is estimated to be at $119 trillion worldwide and $46 trillion for the US market
The three most widely followed indexes in the U.S. are the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite.
The Story:
Morgan Stanley expects an announcement that India will be included in JPMorgan & Chase Co.’s emerging markets bond index as early as mid-September with the actual entry in the third quarter of next year. Goldman Sachs Group Inc. sees that announcement coming in the fourth quarter this year and inclusion in the second or third quarter of 2023. Both expect India’s weight at 10%, the maximum for a country in the index, and potential inflows of $30 billion from the move. India was previously anticipated to get its bonds listed as early as April 1. Getting high-yielding Indian sovereign bonds into global indexes would make it easier for overseas investors to put their money into Asia’s third-biggest economy. The exclusion of Russia has made the index more concentrated and unbalanced which can be diversified by the inclusion of India.
HEALTHCARE
Key Facts:
The 3 key partners are Indian Institute of Sciences (IISc), Healthcare Global Enterprises Ltd (HCG), and Narayana Health (NH)
Current target is to make India a global innovation centre
End goal is to make healthcare more efficient, humane, and sustainable and easily accessible to everyone across the nation
The Story:
Siemens Healthineers is focusing on building the partnership, which as and when needed, can be utilised to fight the most threatening life diseases. Peter Schardt, Chief Technological Officer for Seimens Healthineers said that India is a strategic market and hence, will play a key role in global innovation and technology expansion.
Dileep Mangsuli, Development centre head, Siemens Healthineers said that the partnership will push forward innovation, education, healthcare, and talent that will enable the growth of India’s healthcare infrastructure. In addition, the collaboration with IISc will drive the technology creation and research in this field.
AUTOMOTIVE
Key Facts:
States like California in the U.S set an earlier date for a complete ban on gas-powered vehicles.
Compared to pre-covid, the auto industry is observing a 7.45% fall in retail sales.
The Story:
Jeep is very late in entering the Battery electric vehicles (BEV) market. The management of the corporation, however, continues to develop ambitious goals to dominate the e-SUV industry.
On Friday, the brand showed the first images of two fully electric SUVs – the all-new Jeep Recon and an all-new Wagoneer, code-named Wagoneer S – that will arrive in North America and other regions around the world, while confirming that the all-new, all-electric Jeep Avenger. It will launch in Europe early next year after its debut at the Paris Motor Show on October 17.
The Recon will only be an all-electric SUV. Nevertheless, it will be the rugged, outdoorsy vehicle one would expect from Jeep. Recon is meant for the North American and European markets and is expected to be available in 2024. Reservations will be available from 2023.
Wagoneer S will likely have a huge battery that could deliver a 400-mile (640 km) range on a single charge.
TECH
The Story:
Tencent-backed Indian music streaming app Gaana has switched to a paid subscription model to avoid closing down after failing to secure fresh funds or find a buyer, according to an email sent to some music partners seen by Reuters.
Gaana competes with the likes of Spotify, Apple Music and Airtel's Wynk music app in an Indian streaming market estimated by data firm Statista to be worth $700 million this year.
In the email sent this week, Gaana's head of content and partnerships, Sachin Kamble, said the company had not been able to "bring in fresh investments" and sought support for a new paid model of the service.
Want More Bits?
A new study finds a striking association between people who have sleep difficulties and people who have mental health conditions.
Worldwide, only 1 in 10 people report “sleeping extremely well”, according to Philips’ 2019 Global Sleep Survey. Most adults in that survey, about 62%, reported sleeping “somewhat or not at all well.”
Such sleeping problems are associated with various mental health disorders such as depression, anxiety, bipolar disorder, attention deficit hyperactivity disorder (ADHD), and bipolar disorder.
Of the 300 million peopleTrusted Source globally who have depression, research suggestsTrusted Source that 75% also have insomnia.
