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- Bit by Bit 3rd November ||The largest aircraft in the world makes its first flight with a hypersonic vehicle. & more
Bit by Bit 3rd November ||The largest aircraft in the world makes its first flight with a hypersonic vehicle. & more
Good afternoon! Dear Thursday are you sure you're not Friday because we could really go for it being Friday today
So, here are:
" 3 amazing stories in 3 minutes, because why not?"
Happy reading!
MARKET UPDATE
NIFTY 50 : ₹18,082.85 (-0.34%)
BSE SENSEX : ₹60,906.09 (-0.35%)
NIFTY BANK : ₹41,146.65 (-0.35%)
USD/INR : ₹82.74 (+0.11%)
BRENTOIL : $96.19 (+1.72%)
MCXGOLD : ₹50,635 (+0.26%)
FII Net Cashflow : + ₹1436 crores
DII Net Cashflow : - ₹1378 crores
(Markets data as of 11:00 PM on 2/11/2022)
ECONOMY
The Story:
India's factory activity expanded at a stronger pace in October as demand and output remained solid, encouraging firms to hire workers at the fastest pace in nearly three years, according to a private survey released on Tuesday. Unlike some other economies, India has shown better resiliency to persistently-high inflation and a sinking currency against the U.S. dollar since the start of this year.
The Manufacturing Purchasing Managers' Index, compiled by S&P Global, rose to 55.3 in October from September's 55.1, better than a Reuters poll median forecast for 54.9 and remaining above the 50-level separating growth from contraction for a sixteenth month. The Indian manufacturing industry again showed signs of resilience in October, with factory orders and production rising strongly despite losing growth momentum," noted Pollyanna De Lima, economics associate director at S&P Global Market.
Although overall demand and output expanded at a slower pace last month, growth was still solid, with foreign demand increasing at its strongest rate since May
"Manufacturers continued to loosen the purse strings as they expect demand buoyancy to be sustained in coming months. There was a marked rise in input purchasing, with firms adding to their inventories to better align with client purchasing."
TECH
Key facts:
Netflix Basic will be priced at $6.99
Netflix stock price has dropped around 59% in the last year
Netflix basic will be available in 12 countries
The Story:
The streaming giant has announced that it will offer its services with an ad-supported model which will start at $6.99.The new plan is called Netflix Basic, in this plan, there will be around 4-5 ads per hour of length 15-30s. There are similar plans already available from HBO Max, Hulu, and Peacock (which also offers a free ad-supported tier), and soon Disney+ will join their ranks
The streaming giant lost around 977 thousand subscribers in the quarter ending on June 30 to retain the subscribers it has started offering this service. Only 12 countries, not including India, are now receiving this new Netflix membership. However, according to Netflix's official site, the program will eventually be extended to more nations. There is a possibility that this Netflix Basic with Ads subscription will become available to Indians in the future.
Want a BIT More?
The Story
The Talon-A separation test vehicle's air-launched prototype, TA-0, was successfully flown by Roc, the largest aircraft in the world and a creation of Stratolaunch. The flight travelled across the Mojave Desert for five hours and six minutes, climbing to a height of 23,000 feet. Measurement of the aerodynamic loads on the Talon-A vehicle was the primary goal of the flight.
The test included a 28-foot-long Talon prototype vehicle mounted to a pylon in the middle of the 385-foot-wide wings of the aircraft. Unknown to the uninitiated, Talon-A vehicles are reusable, Mach 5-capable, hypersonic test aircraft that can carry customized payloads. The business has already started producing the TA-2 and TA-3, the first totally reusable hypersonic test vehicles. Unknown to the general public, Talon-A vehicles are reusable, hypersonic test aircraft capable of Mach 5 that can transport customized payloads. The first fully reusable hypersonic test vehicles, the TA-2 and TA-3, are already being manufactured by the company.
The agreement between Stratolaunch and the Pentagon for hypersonic test flight launches has been completed thanks to the success of this test. It had agreed to work with the business to test out new hypersonic aircraft services sometime last year. The plane, which was initially intended to carry payloads into space, is now concentrating on building hypersonic planes. The business intends to carry out many captive carry flights in the near future, including a TA-0 vehicle separation test over the Pacific Ocean in late 2022. If everything goes according to plan, the corporation will test Talon-A TA-1, its first hypersonic vehicle, in 2023.
