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The Baseline
09 Jul 2016
Morning Brief - Saturday
Stocks that out-performed post-Brexit, first "less than $4" phones out for delivery after hype, Kerala imposes a 14.5% "fat tax" on junk food, Ola's burn rate goes up in its quest for market share


49 stocks that ouperformed the market post Brexit ET
Noida based Ringing Bells said that the first 2,000 odd Freedom251 phones are now out for delivery. The company claims over 7.5 crore registrations for the phone, and the first set of deliveries were decided through lots. IE
The newly elected Kerala government has introduced a 14.5% 'fat tax' on restaurants selling burgers, pizzas and tacos. Kerala, where KFC, McDonald's and local 'crispy fried chicken' chains have made inroads, is also the state with the highest percentage of heart disease in its population. BS
Ola introduced the Micro this year at Rs. 6/km in a quest to restore market share it had lost against Uber. However the lower cost has had Ola running through its cash at a much higher rate, and the company is hoping to raise another $400 million to combat Uber, which has raised $5.5 billion so far in recent months with an eye on the Indian market. LiveMint
Photo of the Day:  People march across US cities to protest police violence and the recent killings of black men. Reuters
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