November 13, 2023

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Daily Briefing: Latest on Israel-Hamas conflict; Team India set for World Cup semi-final; and more | Live News

2 min read

Good morning!

Get your day started with the top 5 reads from today’s edition

1) India was among 145 countries which voted in favour of a United Nations resolution – passed on November 9 – that condemned Israeli settlement activities in “the Occupied Palestinian Territory, including East Jerusalem, and in the occupied Syrian Golan”. This came less than two weeks after Delhi abstained on a Jordanian-drafted resolution on the Israel-Hamas conflict.

2) Across key transport infrastructure segments,  non-core revenue streams are assuming growing significance. For instance, non-aeronautical revenues account for the lion’s share of overall revenues of mega airports in Delhi and Mumbai. Similarly, Delhi Metro earns more revenue as a project consultant than from its core passenger operations.

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3) With the Deendayal Antyodaya Yojana-National Urban Livelihoods Mission (DAY-NULM) set to end in March 2024, the government is considering a second phase for the scheme with a focus on the migrant poor in cities, The Indian Express has learnt.

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4) In our Opinion section today, Manish Sabharwal writes: “WeWork was entrepreneurial hype but was only possible with the investors that gave it money with the willing suspension of disbelief around its addressable market being $3 trillion. The hype cycle was partly fueled by the quantitative easing of Western central banks after the 2008 financial crisis that mispriced money, risk and assets. The full price of this mispricing is yet to be paid in rich countries.”

5) Cricket World Cup: India Sunday ticked another box, against the Netherlands. With nine out of nine wins, the most for an Indian team at a single edition of the World Cup, they have now finished half the job. The next one, the semi-final against New Zealand at the Wankhede on Wednesday, cannot come any sooner.

Until next time,

Sonal Gupta

daily briefing Business as Usual by E P Unny

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