Try the Daily Briefing
Try the Daily Briefing for your country of choice for two weeks--free of charge and with no obligation.
Have a service or subscription question? We'd be happy to hear from you.
India
Intelligence for Better Decision Making
Arvind Kejriwal's judicial custody extended
July 26, 2024 | Indirect Indicator- A Delhi court on July 25 extended the judicial custody of Chief Minister Arvind Kejriwal in connection with money laundering and corruption allegations associated with an alleged excise policy scam.
- Special Judge Kaveri Baweja ruled that Kejriwal's custody related to the money laundering case, which is being investigated by the Enforcement Directorate (ED), would continue until July 31.
- In the corruption case filed by the Central Bureau of Investigation (CBI), Kejriwal's judicial custody was extended until August 8.
- The court extended the judicial custody of other accused individuals, including Aam Aadmi Party (AAP) leader and former Delhi Deputy Chief Minister Manish Sisodia, and Bharat Rashtra Samithi leader K. Kavitha, until July 31.
- The accused were presented before the court via video conference.
- Although the Supreme Court had previously granted Kejriwal interim bail in the ED case, he remains in Tihar Jail as he has not yet provided the required bail bond for that case.
- Currently, Kejriwal is in judicial custody specifically for the CBI-related charges.
- On July 1, Kejriwal approached the Delhi High Court to contest his arrest by the CBI and to challenge a trial court's June 26 decision that led to his remand into CBI custody for three days.
- Following this, he was placed in judicial custody until July 12.
- Kejriwal was arrested by the CBI on June 26 while already in Tihar Jail concerning the separate money laundering investigation being conducted by the ED.
- Arvind Kejriwal's judicial custody has been extended until August 8 by the Rouse Avenue Court in connection with the CBI investigation into the Delhi excise policy scam.
- The court also extended the custody of former deputy chief minister Manish Sisodia and other accused until July 31 in the related money laundering case.
- Kejriwal has been in custody since March 21 and was previously granted interim bail by the Supreme Court for campaign purposes but returned to jail on June 2.
- The Enforcement Directorate is investigating claims that Kejriwal demanded a bribe of Rs. 100 crores linked to AAP's Goa election campaign, with further evidence of significant hawala transfers presented in court.
Biden dropping out of US presidential race
July 23, 2024 | Indirect Indicator- President Joe Biden announced his endorsement of Vice President Kamala Harris as the Democratic presidential nominee.
- Biden's decision is to prioritize his responsibilities as President while stepping away from the re-election race.
- Kamala Harris expressed gratitude and emphasized her commitment to uniting the Democratic Party and defeating former President Donald Trump.
- Only 107 days remain until Election Day, highlighting the urgency of the upcoming election.
- There is uncertainty regarding potential challengers for Harris within the Democratic Party.
- Biden urged Democrats to unite against Trump in his heartfelt statement supporting Harris.
- Discussion on Biden's reelection campaign ended amid skepticism from senior party leaders about his effectiveness.
- Speculation about possible successors to Biden includes Governors Gavin Newsom, Gretchen Whitmer, and Josh Shapiro.
- Biden acknowledged pressures about stepping down, citing concerns about his mental acuity and ability to secure a victory against Trump.
- Biden affirmed his intention to remain in office until the conclusion of his term in January 2025.
- Biden's withdrawal from the presidential race follows increased pressure from fellow Democrats and doubts about his capability to lead.
- Biden's performance during a June 27 debate raised concerns over his mental stability and effectiveness.
- 36 congressional Democrats publicly called for Biden to step down, signifying a critical shift in party support.
- Biden's recent Covid diagnosis forced him off the campaign trail, ending his campaign aspirations.
- Biden characterized Harris as an "extraordinary partner" and reaffirmed his endorsement of her.
- Biden called for party unity to defeat Trump and extended gratitude to those who supported his reelection efforts.
- Investments are shifting towards "Trump trades," anticipating a possible Republican victory, leading to greater market volatility.
- S&P 500 futures saw a slight increase in the after-hours trading session, while Treasury bond yields and the dollar remained stable.
- Gold prices rose to record levels, indicating a flight to safety amid market uncertainty.
- Bitcoin rose over 1% in response to Biden's announcement, supported by Trump's favorable stance towards cryptocurrencies.
- Asian markets experienced declines, influenced by U.S. political developments and China's economic policy announcements.
- Taiwan's stock index fell sharply due to Trump's accusations regarding its semiconductor industry.
- Japan's Nikkei 225 decreased slightly, as local analysts noted Trump's preference for a weaker dollar could negatively affect Japanese stocks.
- Economic expert Takahide Kiuchi cautioned about a lack of clear market direction in the short term due to the intricate policy landscape.
Monitored Intelligence for India - Jan. 25, 2024
News
Media
377
Government
Releases
6
City/State
Releases
0
Embassy
Releases
5
Foreign
Service
Advisories
0
Service
Advisories
0
Academic/
Think
Tank
11
Think
Tank
11
Podcasts
0
Videos
0
Social
Media
0
Business
Releases
0
Erudite Risk takes an all risks approach to intelligence reporting. We categorize key intelligence into one of 40 different risk intelligence categories.
The goal is to provide intelligence that allows decision makers to avoid being blindsided by what they may have missed, while informing them to make better decisions as well.
Risk Categories Reported on Today
Risk Category
Items Reported On
Communal and Religious Strife
12
Accidents
6
Regulation
3
Geopolitical Conflict and Disputes
6
Political Scandal or Corruption
14
Regulatory Enforcement Actions
5
Crime
5
Strikes and Work Stoppages
1
Extreme Weather Events
2
Epidemics and Pandemics
2
Erudite Risk also includes operations categories so you can monitor the environment for better decision making. Everything is tied together--what happens in risk affects operations and what happens in the market impacts risk profiles.
We categorize key intelligence into one of 30 different operations intelligence categories.
Different roles and functions within the organization can monitor different key issue areas. HR may monitor employment, wages, regulations, labor and management relations, etc., while P&L leaders may monitor overall developing trends.
Operations Categories Reported on Today
Operations Category
Items Reported On
Politics and Elections
8
Operating Results
11
Demographics
1
Mergers & Acquisitions
14
Asset Price Change
1
Political Policy Resistance
2
Bizdev-Partnering
3
Tech Development/Adoption
3
Budgets-Budgeting
1
Trade Issues and Numbers
1
Employment
1
Inflation
1
Taxes
1
Nestle India misses June-quarter profit estimate as price hikes deter demand
Deccan Herald | English | News | July 26, 2024 | Operating Results
Nestle India reported a net profit of Rs 747 crore for the quarter ending June, which fell short of analysts' expectations of Rs 816 crore. The company's sales volumes were impacted as consumers turned to cheaper alternatives in response to price increases across its chocolate and milk products due to rising raw material costs. Revenue from operations increased by 3.3% to Rs 4,814 crore but also missed the forecast of Rs 5,056 crore. In a related announcement, parent company Nestle lowered its full-year organic sales growth outlook from about 4% to at least 3%. Following the results, Nestle India's shares declined by 1.1%.
Congress’ Manish Tewari gives adjournment notice in LS urging discussion on border situation, trade deficit with China
The Statesman | English | News | July 26, 2024 | Trade Issues and Numbers
Congress MP Manish Tewari submitted an adjournment notice in the Lok Sabha, calling for a discussion on the border situation with China and the significant trade deficit. In his notice, Tewari mentioned ongoing border clashes between India and China, particularly since 2019, and referenced China's recent rejection of the inauguration of the Seva tunnel while claiming parts of Arunachal Pradesh. He requested information from the government regarding efforts to resolve the border dispute and protect India’s integrity. The trade deficit with China for the 2023-24 period exceeded USD 85 billion, with exports at USD 16.65 billion and imports at USD 101.75 billion. Tewari urged that these matters be addressed amidst ongoing discussions in Parliament, including those on the Union Budget for 2024-25.
US disappointed about symbolism and timing of Modi's Moscow trip, says State Department official
Deccan Herald | English | News | July 26, 2024 | Geopolitical Conflict and Disputes
The U.S. State Department expressed disappointment over Prime Minister Narendra Modi's recent trip to Moscow, particularly its symbolism and timing coinciding with a NATO summit in Washington. Assistant Secretary of State Donald Lu conveyed concerns to lawmakers about strengthening India-Russia ties, noting that the visit did not result in new defense deals or technology cooperation. Modi's remarks during the visit, particularly regarding the war in Ukraine, drew attention, especially in the context of Russian attacks on Ukrainian civilians. Lu emphasized ongoing efforts to communicate these concerns to India, which has reduced its defense purchases from Russia due to delivery issues. Congressman Joe Wilson criticized Modi's meeting with Putin, citing the timing of Russia's missile strikes on a children's hospital in Kyiv and calling for India to move away from reliance on Russian military equipment.
Contact us for a free trial of the Daily Briefing for your country of choice.
We currently cover:
South KoreaJapan
China
Taiwan
Vietnam
India
info@eruditerisk.com
The Daily Briefing is delivered Monday through Thursday via email.
Each day's reports include a combination of:
Takes
Takes are our deep dives into a topic of enduring interest or concern. Takes include copious references to all the media resources we gathered to build them.
Developments
Developments are key issues and incidents being heavily reported on in country. These are the centers of local thought gravity around which everything else revolves.
Risk Media
Summaries and analysis of the most important risk issues reported on in media, arranged by risk category. Learn about risk trends and issues while they are developing--before they blow up.
Ops Media
Summaries and analysis of the most important operational issues reported on in media, arranged by operations category. See what's changing in your market, and what's not.
Government Releases
Government press and data releases on key economic data, regulation, law, intiatives, incidents. Straight from the government's press to your eyes in less than a day.
Embassy and Business Association Releases
Statements and news releases from foreign embassies and business/industry associations, including chambers of commerce.
The Daily Briefing is comprehensive!
The Daily Briefing can run 50-100 pages each day!
Luckily, Erudite Risk tailors every report specifically to you.
Content Filtering
We try hard to ensure that every piece of information included in each day's reports will be of interest to our readers.
To fulfill our goal of comprehensively monitoring the intelligence landscape and also keeping reports readable, we build big reports--then deliver only the information that applies to you.
Each Daily Briefing is a bespoke report matched to your concerns. Tell us what you want in it, or we can match it to your professional needs. It's that easy.