- Arvind's Newsletter
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- Arvind's Newsletter
1.Adani Group to partner with US’ Mayo Clinic for new hospital business: Mint
Adani Group is in advanced discussions to venture into the hospital business through a partnership with US-based Mayo Clinic Global Consulting (Mayo Clinic), according to two people with direct knowledge of the matter.
The Gautam Adani-led port-to-energy conglomerate plans to invest $1.6 billion in the initial phase of the partnership, including for building two health campuses. The investment will be Adani group’s not for profit health care entity.
The Adani Group plans to offer medical care and education facilities under the partnership. As per the plan, the family of Gautam Adani will invest at least ₹6,000 crore (about $686 million) to build two health campuses in Ahmedabad and Mumbai, according to the two people.The Rs 6,000 crore donation will be part of the Rs 60,000 crore pledge that the Adani family made on chairman Gautam Adani’s 60th birthday.
The Adani Health City campuses will provide at least 1,000-bed multi-super-specialty hospitals. The hospital campuses will each include medical colleges with a capacity for at least 150 undergraduate students, more than 80 residents and 40 fellows, apart from step-down and transitional care facilities, and advanced research facilities, said the two people.
As per the partnership, Mayo Clinic will be providing its expertise to the Adani Health City campuses to ensure their clinical practices are similar to what Mayo Clinic follows globally, said the two people.
2.Taj group to add another property in Mumbai with Rs 2,500 crore investment: Economic Times
The construction of the Taj Bandstand, Bandra will house 330 rooms, 85 apartments, and convention spaces, is expected to start in 2025, Puneet Chhatwal, managing director and chief executive officer, IHCL said on the sidelines of the Bhoomi Pujan of the hotel. The project is expected to be completed within four years.
3.India Braces For $4 Billion Of Expiring IPO Lockups: Bloomberg
Sale restrictions on about $4 billion of newly listed Indian shares are set to expire on Monday, adding pressure to a stock market that has already erased $1 trillion in value since mid-December
The lockup expiries could test the pipeline of Indian IPOs — the securities regulator says it’s processing more than 60 applications — which has defied the broader pessimism engulfing the nation’s shares amid concerns about the slowing economy and earnings growth. The total market capitalisation of Indian stocks has fallen 20% from their recent peak in December to $4.1 trillion.
4.India LNG Buyers Negotiate US Deals Before Modi-Trump Summit: Bloomberg
India’s top importers of liquefied natural gas are holding talks to buy more fuel from US suppliers, ahead of Prime Minister Narendra Modi’s expected meeting with President Donald Trump in Washington this week.
Indian Oil Corp., Bharat Petroleum Corp Ltd and Gail India Ltd. are considering purchases, India’s Oil Secretary Pankaj Jain told reporters in New Delhi on Monday, adding some companies could also be open to buying shares in US LNG projects.
People familiar with the matter had earlier said that Indian buyers including Indian Oil were in discussions to buy LNG on a long-term basis from US export giant Cheniere Energy Inc. and other companies with access to American supply. Gail India Ltd. is also considering investing in a US project.
5.Bangladesh’s new leaders are struggling to appease an increasingly impatient public six months after a student-led uprising ended Prime Minister Sheikh Hasina’s 15-year reign.
The interim government, led by a Nobel Peace laureate, vowed to restore democracy and overhaul institutions, but is underperforming so far, Foreign Policy’s South Asia expert argued. The country is plagued by a still-floundering economy and accusations of human rights violations.
The government has promised to hold elections this year without offering a timeframe. “By no means are people growing nostalgic for Hasina,” the FP wrote, but the uncertainty, coupled with external worries — including building ties with the Trump administration and tensions with neighbouring India — means “things won’t get any easier for Dhaka.”
6. Work-from-home rates have remained puzzlingly steady despite many major firms tightening their in-office requirements: Financial Times
IBM, Deutsche Bank, Goldman Sachs, Tesla, and many other big companies have introduced at least partial restrictions on home-working — even Zoom, “poster child of the remote work revolution,” requires some in-office time, noted the Financial Times.
But surveys of US workers find that the share of work done from home has remained steady since late 2023, at around 30%. One economist told the FT that a possible reason for the discrepancy is that smaller, younger companies tend to be bigger fans of home working, and those firms tend to be the fastest-growing. Research also finds that hybrid work patterns tend to boost job satisfaction. Read gift article below.
7.DeepMind’s AI can tackle math problems on a par with top human solvers: Nature
AlphaGeometry 2 can reportedly surpass the average gold medallist in the International Mathematical Olympiad.
8.Gaza Corridor Cleared
Israeli troops yesterday withdrew from a four-mile strip—the Netzarim Corridor—that divides northern and southern Gaza as part of a ceasefire agreement with Hamas. Israeli forces are now limited to a southern area near Egypt's border and a buffer zone along the Israeli border to the north and east.
The ceasefire began Jan. 19 and is in its first 42-day phase. Hamas has been gradually releasing hostages in exchange for Palestinians held in Israeli prisons. So far, 16 hostages have been freed, including three over the weekend, in exchange for 566 Palestinian prisoners. Negotiations for the second phase are underway in Qatar to extend the truce and secure the release of more hostages. However, challenges remain over differing demands for a long-term agreement.
Separately, neighbouring Lebanon formed its first full government in over two years, marking a shift away from Hezbollah's influence and aiming to address the country's economic crisis and rebuild war-torn areas.
9. Marriages in China plunged by a fifth to the lowest level on record last year, a setback to efforts by the government to reverse a demographic crisis threatening the world’s second-biggest economy.
The number of marriage registrations in an inauspicious “widow year” fell to 6.1 million, according to government statistics. That’s the fewest since public records began in 1986 and is less than half the peak reached in 2013.
The failure to encourage more people to tie the knot in the country of 1.4 billion people represents a challenge for a government struggling to arrest China’s sharp drop in births. Last year saw the second-lowest number of births since the founding of the People’s Republic of China in 1949, underscoring a persistent long-term risk for the economy as a shrinking workforce puts a strain on growth.
10 Global warming is changing what we drink
Northern European countries are increasingly becoming wine producers: “Not just England, Belgium and the Netherlands, but Denmark, Norway, Sweden, Finland, Latvia, Lithuania and Estonia, all have built thriving industries as their temperatures have risen, the Financial Times wine correspondent wrote.
Beer, by contrast, might struggle in the face of changing climates — hops and barley, two of beer’s four ingredients, are becoming difficult to grow in their traditional heartlands, the BBC reported. Hops provide beer’s distinctive bitter notes, and unless farmers relocate or cultivate more climate-resistant varieties, the drink’s flavour could change as the world warms.
