August 8, 2020 Dose 29

The Capsule

We are excited to host a fireside chat with Seeam Noor, Harvard ‘21 - make sure to follow us on Instagram and set a reminder!

TOP STORIES

India's Serum Institute will deliver 100m doses of COVID-19 vaccine

An Air India express flight crashed after skidding off the runway in Kerala

Mahindra is looking for investment partners for its domestic electric vehicle business

France has agreed to provide a soft loan of €150 million to assist in economic recovery

The Ministry of Commerce and EPB revealed plans to boost safety equipment exports

Digging deeper: When Bangladesh reported its first COVID-19 case, it was completely relying on imports of PPE. Over the past couple of months, 33 factories have transitioned into protective gear manufacturing, boosting exports for PPE, sanitizers, and face masks. The Ministry's new plans aim to ensure quality standards and provide incentives to firms entering this industry. Furthermore, a modern lab will also be set up to facilitate R&D.

Stock exchanges' trading schedule has been extended by half an hour while indices are up for a tenth straight session

Seven die of electrocution as floods continue in Karachi

Rajapaksa brothers claim landslide victory in parliamentary elections

Kathmandu valley recorded its highest COVID-19 cases in a single day

MARKET INDEX

SOUTH ASIA

TODAY

1-DAY

YTD

DSEX

4,365

+1.34%

-1.99%

SENSEX

38,041

+0.04%

-8.00%

KSE100

28,044

-0.01%

-32.26%

CSE

5,176

-0.01%

-15.19%

GLOBAL

S&P

3,351

+0.06%

+2.87%

FTSE

6,032

-0.09%

-20.67%

OIL

45

-0.95%

-32.59%

GOLD

2,035

-1.68%

+33.94%

TECHNOLOGY AND STARTUPS

The clock is ticking for TikTok. President Trump's new executive order gives Microsoft 45 days to save it from a U.S. ban

What it means: On Thursday, President Donald Trump issued an executive order that would ban TikTok and WeChat from operating in the U.S. within 45 days if their Chinese-owned parent companies do not sell them. While not stated in the order, the President has verbally insisted on a substantial amount of money going to the U.S. treasury as part of any deal (think a commission fee like that of an investment bank).

Galaxy Note 20, Tab S7, Z Fold 2 - Catch the latest from Samsung Galaxy Unpacked 2020

A startup you should follow:

Game Plan is a fantasy sports platform based in Bangladesh. Users begin by creating a fantasy sports team consisting of real-life players and demonstrate their sports insight by scoring points based on the on-field performance of their chosen players. As cricket and football return after a long break, try out their platform to enhance your experience.

SPORTS CORNER

India will host the men's T20 cricket world cup in 2021

Pakistan leads England by 244 on Day 3 of the first test

PROFESSIONAL DEVELOPMENT

The Consulting Case Interview (Part 2 of 4)

In the first part, we introduced basic types of cases. Today, we are going to break down what happens once you step into the room:

  1. The interviewer begins with some context  i.e. the business situation, what industry it operates in, what the problem and client objective is, etc. Listen attentively, take notes, and write down the critical question. If you have any clarifying questions, wait till the interviewer is done. Read this for further information. 
  2. Once you get a grasp of the situation, politely ask for a few minutes to write down your framework (try not to use the word itself, say you need time to get your thoughts together / structure your approach.) At this stage, you may ask for additional details you deem necessary to solve the problem.
  3. You will notice some interviews are interviewee-led i.e. you will want to go to the next step (more common from Bain, BCG etc.) and some are interviewer-led, where the person interviewing you asks you questions (more common in McKinsey). 
  4. Take notes carefully throughout on different sheets of paper to be organized, as many questions will utilize data from previous answers. Be prepared to run some quantitative analyses - this is where mental math comes in handy - and have a general idea of reasonable estimations (e.g. population of Sri Lanka is ~22 million, so it would be unreasonable for a Sri Lankan consumer goods company to say their market has 100 million customers to start off). 
  5. Wrap up: After taking the data into account and going through calculations, seek a few minutes again to fine-tune your recommendation. The first part of your conclusion will be to state your recommendation and then your supporting points. 

Note that this deals with the case interview only. Firms also have behavioral interviews where they judge the fit of a candidate. If you have an interview coming up, feel free to reach out to us and we will try our best to help.

KEEP IT SHARP

You measure my life in hours and I serve you by expiring. I'm quick when I'm thin and slow when I am fat. The wind is my enemy. What am I?

HERE'S SOMETHING INTERESTING

Few people in the world can claim to have a hill on Mars named after them. Kalpana Chawla is one of those exceptional people. Born in Karnal, India, she was fascinated by airplanes from a very young age. After graduating in Aeronautical Engineering from Punjab Engineering College, she did her Masters from UT Arlington and Ph.D. from the University of Colorado Boulder. Then she started working as a researcher at NASA Ames Research Center.

She joined the NASA Astronaut Corps in March 1995 and was selected for her first flight in less than a year. Her first space mission was aboard the space shuttle Columbia making her the first Indian woman to fly in space. After her first mission, she returned to space aboard the ill-fated STS 107 flight. As the space shuttle entered the earth's atmosphere, a technical error caused the spacecraft to break apart leading to the deaths of all seven crew members. She was posthumously awarded the Congressional Space Medal of Honor.

OF ART AND ARTISTS

Check out Cresth Pranis if you’re into unconventional and eccentric art. The photographer from Nepal covers everything from miniature art to portraits and mind boggling stills, you don’t want to miss his work.

ANSWER

A candle

"Lest we forget: It is easy to be human, very hard to be humane."

Mirza Ghalib

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