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- 🪷 Remembering Ratan Tata
Good morning. Happy Friday. Rafael Nadal announced his retirement yesterday.
The 38-year-old will represent Spain in his final appearance at next month's Davis Cup Finals in Malaga.
It’s really the end of an era 💔
- Ruchirr Sharma & Shatakshi Sharmaa
TABLE OF CONTENTS
🪷 Remembering Ratan Tata
🗞️ Bite-sized summaries
🇺🇦 Ukraine’s victory plan?
🏢 Resurgence in office space
🧑🍳 What else is cookin’?
🍿 Entertainment, Entertainment, Entertainment
MARKETS
🇮🇳 India
* indicates per gram rate in Delhi | Data as of market close 10/10/2024
Indian markets showed modest gains. Banking stocks led the rally, with Kotak Mahindra rising 3.64%. The uptick was supported by positive Asian markets and expectations of US rate cuts. However, pharmaceutical and IT sectors faced pressure, with Cipla falling 3.37%.
🌍️ International
Data as of market close 10/10/2024
Wall Street closed slightly lower on Thursday after higher-than-expected inflation and unemployment data. September's CPI rose 0.2% monthly and 2.4% annually, while jobless claims increased to 258,000. Fed officials discussed potential rate cuts, with traders pricing an 80% probability of a November cut. Energy stocks outperformed as oil prices rose.
IN MEMORIAM
On October 10, 2024, India bid farewell to one of its most revered industrialists, Ratan Naval Tata, who passed away at the age of 86. As the former chairman of Tata Group, Tata transformed the conglomerate into India's largest and most influential business empire during his tenure from 1991 to 2012.
Today’s post will be a tribute to the life of a titan.
Born in 1937, Tata's journey from the shop floor of Tata Motors to the pinnacle of Indian industry is a testament to his work ethic and vision.
After studying architecture and structural engineering at Cornell University, he returned to India and steadily climbed the corporate ladder within the Tata Group.
Under Tata's leadership, the group expanded globally, acquiring iconic brands like Jaguar Land Rover and Corus Steel. He also spearheaded the launch of the Tata Nano and Indica cars, reshaping the Indian automobile market.
Beyond his business acumen, Tata was renowned for his philanthropic efforts. He donated generously to various causes, including a significant contribution during the COVID-19 pandemic. His love for dogs was well-known, and he ensured that stray dogs were cared for at Tata Sons' global headquarters.
Tata's contributions to Indian industry and society earned him numerous accolades, including the Padma Vibhushan in 2008 and the Padma Bhushan in 2000. He also received honorary doctorates from universities in India and abroad.
As we remember Ratan Tata, we celebrate not just a business titan but a visionary who believed in putting "India and Indians first."
His multi-faceted legacy encompasses business innovation, social responsibility, and a deep commitment to national progress.
Tata's life serves as an inspiration for future generations of entrepreneurs and leaders, reminding us that success in business can go hand in hand with social conscience and national pride.
Read more: Economic Times
GENERAL OVERVIEW
🗞️ Bite-sized summaries
🇺🇦 Ukraine’s victory plan? - Ukrainian President Volodymyr Zelenskyy met UK Prime Minister Keir Starmer and NATO leaders in London to discuss his "victory plan" for the war against Russia. Zelenskyy seeks stronger geopolitical and military backing, security guarantees, and advanced weaponry before engaging in dialogue with Russia. He will continue discussions with leaders in Paris, Berlin, and Italy. While some allies support using long-range weapons, U.S. President Biden has reservations due to escalation risks. Zelenskyy emphasized that Ukraine needs forceful support to prevent Russia from gaining confidence, as ongoing Russian airstrikes target Ukrainian infrastructure and civilian vessels.
🏢 Resurgence in office space - South Mumbai is set to add 4-6 million sq ft of mixed-use office space in the next 6-8 years, driven by infrastructure upgrades like the Coastal Road and Metro lines. A revival of the area, including Nariman Point, is anticipated, with office rentals expected to surge from Rs 569 to Rs 1,091 per sq ft by 2030. Key projects involve redeveloping vacant land owned by public entities. While South Mumbai saw limited office space additions over the last decade, recent infrastructure improvements are boosting its appeal, positioning it as a premier business hub once again.
HEADLINES
🧑🍳 What else is cookin’?
What’s happening in India (and around the world 🌍️)
TCS continues to hire in Q2, adds 5,726 employees.
Elon Musk readies the Robotaxi he is betting Tesla’s future on.
US Dept. of Justice likely to break up Google into smaller businesses.
Wimbledon tennis tournament replaces line judges with technology in break with tradition.
Dell informs all sales staff to return to the office five days a week with two days' notice.
CULTURE
🍿 Entertainment, Entertainment, Entertainment
Photo by: Anja Niedringhaus/AP
The OG Rafael Nadal announces retirement 💔 🎾
Henry Cavill to star in ‘Voltron’ for Amazon MGM.
YouTuber and Beta Squad member Yung Filly charged with sexual assault in Australia.
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That’s all for today folks - have a lovely day and we’ll see you next week.