Friday Morning News Brief, December 15

Friday morning brief Dec 15 2017
Good morning!
Here’s everything you need to know to start your day…
Exit polls have unanimously predicted that BJP would return to power in Gujarat. While the polls disagreed on the scale of the party’s victory in Prime Minister Narendra Modi’s home state, not one suggested a close result, with the lowest forecast being 99 seats for BJP in the 182-member assembly. Of the seven polls that were available on Gujarat, three indicated that BJP was likely to get fewer seats than in 2012, when it had won 115. Read.
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Walt Disney is set acquire 21st Century Fox headed by Rupert Murdoch in $52 bn deal. While Disney has a market cap of $164 billion, 21st Century Fox is worth over $62 billion, with Star India alone estimated to be worth $14-16 billion. The transaction, post a spinoff of certain 21st Century Fox businesses, will include the latter’s film and TV studios, cable entertainment networks and international TV businesses.
US regulators today voted to rollback “net neutrality” rules that require internet providers to treat all traffic equally. The Federal Communications Commission, in a 3-2 vote, adopted a proposal by Republican appointed chairman Indian- American Ajit Pai. The critics say the move is against the interest of the consumers and favours big corporate companies.
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A solar system with eight planets like ours has been discovered with the help of artificial intelligence, the US space agency said. “Our solar system now is tied for most number of planets around a single star,” NASA said in a statement. However, none of the planets are expected to be hospitable to life. Astronomers have already confirmed the existence of some 2,500 far-away worlds using Kepler data.
Indian cricketers are set to get a huge hike, with the salaries of top players is likely to double in the coming season. The Supreme Court-appointed Committee of Administrators is working on a formula to add Rs 200 crore to the existing corpus of Rs 180 crore in this season to provision for the hike next season. The CoA is certain that the increase in income from IPL and new media rights from home matches will leave BCCI with huge profits.
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