Weekly Insights - Sunday August 16, 2020

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1) India's forex reserves at all-time high. Climbs $11.9 billion during the last 2 months.
The White Insights India's forex reserves at all-time high, climbs $11.9 Bn during the last 2 months ot $534.5 Bn

2) Flipkart launched a startup accelerator programme "Flipkart Leap". The company aims to provide tools, frameworks, knowledge, and an ecosystem.
The White Insights Flipkart launches startup accelerator programme 'Flipkart leap'

3) After the complaint of sacked pilot Gaurav Taneja, a famous YouTuber, regarding standing for safety issues at AirAsia India, DGCA suspends two executives for three months.
The White Insights DCGA suspends to AirAsia India excutives for three months after sacked pilot Gaurav Taneja's complaint. Captain Gaurav Taneja, a popular YouTuber, tweeted thathe has been suspended by AirAsia

4) Money Laundering case: Income Tax department conducted a raid according to Press Trust of India on some Chinese individuals for running money laundering racket worth Rs 1000 crore.
The White Insights  Money Laundering, I-T department conducts raids on some Chinese indiviuals for running money laundering racket worth Rs 1000 crore

5) 1100% RETURN: NEXT DIGITAL LIMITED, HONGKONG. To show support for arrested Jimmy Lai under China's new 'Security Law', publisher and protester, Hongkongers have been piling into his media company's shares.
The White Insights 1100% return Next Digital Ltd. Hongkong

The White Insights  Bennu - An Asteroid that can destroy the Earth

7) Indian Startup 'Skyroot Aerospace' successfully test-fired rocket engine. Skyroot Aerospace is India's first private company to test the upper-space rocket engine. Former ISRO scientists want to privatize space and accelerate the advent of space commerce with their startup.
The White Insights Indian space startup 'Skyroot Aerospace' successfully test-fire rocket engine.

8) Small Businesses on Amazon: 70% of 100,000 businesses that participated in Amazon's prime 2-day sale are from small towns. While orders received from 97% of the country's pin codes.
The White Insights Small Businesses On Amazon

9) World's largest vaccine manufacturer is from India: Serum Institute of India. The company can produce 1.5 billion doses a year.
The White Insights World's largest vaccine manufacturer is from India, Serum Institute of India

10) Instagram faces lawsuit over illegally collecting biometrics. If guilty, the company can be forced to pay $1000/ violation.
The White Insights Instagram faces lawsuit over illegally collecting biometrics

11) Cadila Healthcare Limited: Zydus Cadila launched India's cheapest remdisivir at Rs 2800/vial. 
The White Insights Cadila Healthcare Limited

12) Transparent Taxation: Honoring the Honest. PM Modi introduced reforms in taxation.
The White Insights PM Modi introduced new reforms in taxation, Honoring the honest
13) Amazon launches online pharmacy in India.
The White Insights Amazon  launches online pharmacy

14) The Moving North Pole: Canada to Siberia
The White Insights Moving north magnetic pole

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