DailyJots

Ahead of Headlines & Behind Hypes. #PolicyOverParty.

[Mario Nawfal @MarioNawfal]

🇪🇸🇦🇷 Sergio Ramos and Messi sharing a big hug after the final.

Rivals turned respectful.

Writer: Sol

[Mario Nawfal @MarioNawfal]

🇺🇸🇮🇷 The U.S. has carried out strikes on Iran for a 9th straight night.

The latest targets included command centers, air defenses, coastal surveillance sites, and communications networks linked to the IRGC’s ability to threaten commercial ships in the Strait of Hormuz.

Source: @CENTCOM / Writer: Sol

[TV News Now @TVNewsNow]

🚨 NEW: John Fetterman FLIPS THE SCRIPT on Jake Tapper as he tries a gotcha question to try and get Fetterman to second-guess Trump’s Iran strategy

Fetterman instead backs the President and says it is “entirely appropriate” to continue confronting Iran.

JAKE TAPPER: “Do you worry at all that this war is now escalating into a wider war? Do you have any questions about the president’s war strategy?”

SENATOR FETTERMAN: “I think it’s incredibly important to confront Iran and to confront Iran with their ambitions, specifically the nuclear ambitions.”

“Every single Democrat that I’m aware of says we must never let Iran build a nuclear bomb.”

“And here we are again right now, negotiations and all other kinds of strategies have been employed over the last 47 years, and they’ve been unsuccessful up to now.”

“And so where I’m at, I think we’re in an important point in our time. And I think it’s entirely appropriate to continue to confront Iran.”

[The White House @WhiteHouse]

President Donald J. Trump presents the World Cup Trophy to Spain, the 2026 @FIFAWorldCup Champions! 🏆

[Firstpost @firstpost]

The 2026 FIFA World Cup will award the biggest prize fund in the tournament's history. A look at how much the top finishers stand to earn.

[The White House @WhiteHouse]

I pledge allegiance to the flag of the United States of America, and to the republic for which it stands, one nation under God, indivisible, with liberty and justice for all.

[Secretary Marco Rubio @SecRubio]

For 250 years, America has been the greatest nation on Earth — and with God’s grace, it will be for 250 more.

Happy Independence Day!

[Jaynit @jaynitx]

Elon Musk explains his 5-step algorithm for solving any problem:

"The most common mistake of smart engineers is to optimize a thing that should not exist."

"I have this very basic first principles algorithm that I run as a mantra."

Elon breaks it down:

Step 1: Question the requirements.

"Make the requirements less dumb. The requirements are always dumb to some degree, no matter how smart the person who gave you those requirements. You have to start there, because otherwise you could get the perfect answer to the wrong question."

Step 2: Try to delete it.

"Try to delete the part or the process step entirely. If you're not forced to put back at least 10% of what you delete, you're not deleting enough. Most people feel like they've succeeded if they haven't been forced to put things back in. But actually they haven't, they've been overly conservative and left things in that shouldn't be there."

Step 3: Optimize or simplify.

"The most common mistake of smart engineers is to optimize a thing that should not exist. So you don't optimize until after you've tried to delete."

Step 4: Speed it up.

"Any given thing can be done faster than you think. But you shouldn't speed things up until you've tried to delete it and optimize it otherwise, you're speeding up something that shouldn't exist."

Step 5: Automate.

"And then the fifth thing is to automate it."

Elon explains why the order matters:

"I've gone backwards so many times where I've automated something, sped it up, simplified it, and then deleted it. I got tired of doing that. So that's why I have this mantra."

[Vivek Ramaswamy @VivekGRamaswamy]

There’s no British Dream, or Canadian Dream, or Chinese Dream. The American Dream is what makes American exceptionalism possible & we shouldn’t apologize for it.

[BJP @BJP4India]

French President Emmanuel Macron, at Bharat Innovates 2026 in Nice, congratulated PM Modi as the longest-serving elected Prime Minister since Independence.

He further hailed India's rise: 'You have the demographic dividend... training as many engineers as Europe and the US combined — more than 1 million per year.' 'India... is spearheading global innovation.'

Listen to his inspiring speech. 🎥

[Fox News @FoxNews]

HAPPY BIRTHDAY! President Trump turns 80 today.

The nation's 45th and 47th president celebrates a milestone birthday as the country prepares to commemorate America's 250th anniversary.

[DailyJots @DailyJots]

@BernieSanders Dear @BernieSanders you are in the first row preaching “oh you must fight,” and last row when it comes to acting/ leading/ making a change.

[Narendra Modi @narendramodi]

Thank you, President Trump, for your warm wishes.

I look forward to working with you to further advance the India-US Comprehensive Global Strategic Partnership, for the benefit of both our nations and the world.

@POTUS

@realDonaldTrump

[Elon Musk @elonmusk]

Once voting is this fraudulent, they can get whatever outcome they want, making a sham of democracy

[Malay Krishna @Malay4Product]

This is an unbelievable piece of work by Sarthak and something that requires amplification.

Let me explain what he found, in simple terms.

Sarthak is a Class 12 student from the 2025-26 batch, one of the 17 lakh students whose answer sheets went through CBSE's new On-Screen Marking system.

He spent days reading through CBSE's evaluation tenders, scraped all 576 tenders CBSE has issued, and tracked how the rules changed across three versions of the same tender.

The core finding is that the company that won the contract to scan and grade 17 lakh students' answer sheets is Coempt Eduteck.

Coempt used to be called Globarena Technologies. Globarena was the company behind the 2019 Telangana intermediate exam disaster, where software failures led to 3.8 lakh students getting wrong or missing marks, and 23 students died by suicide.

A government committee found systemic failure and negligence. Six months later, Globarena rebranded to Coempt Eduteck.

So a company with that track record won a contract to handle 17 lakh CBSE students. Sarthak's investigation is about how the rules were rewritten to let that happen.

The tender was issued three times.

> First tender, February 2025. It existed, then disappeared from the public GeM portal. Sarthak scraped all 576 CBSE tenders and this one was missing from the archive entirely.

> Second tender, May 2025. Four companies applied including TCS and Coempt. All four failed the technical evaluation. Cancelled.

> Third tender, August 2025. Coempt won. Between the second and third tender, a series of rule changes happened, and every single one made it easier for Coempt to qualify.

Here is what changed, one by one.

01. The old rules disqualified any company with a history of abandoning work, failing to complete contracts, or financial weakness. The new rules deleted this clause entirely. Coempt's Telangana history stopped being a barrier.

02. The old rules disqualified any company that was "blacklisted earlier." The new rules changed this to "currently blacklisted." Because Globarena rebranded after Telangana, removing the word "earlier" effectively erased their past.

03. The rules required Rs 50 crore average turnover over three years. Coempt's exact average came to Rs 50.86 crore. They cleared the bar by less than 1%. Earlier, a smaller company had asked CBSE to lower the bar to Rs 30 crore for fairer competition. CBSE refused. So the bar was kept high enough to block small players, but sat exactly low enough for Coempt to scrape through.

04. Software maturity is measured on the CMMI scale, 1 to 5. The old rules required Level 5. The new rules dropped it to Level 3. Coempt is a Level 3 company.

05. The cooling-off period for engaging retired CBSE officials was cut from two years to one. This makes it easier to use recently retired insiders to influence the process.

06. The old rules required experience with large projects of at least 5 lakh students each. The new rules removed the student count and counted cumulative answer-book volume across small projects instead. Coempt has many small fragmented university contracts. This helped Coempt and hurt TCS.

07. The old rules required bidders to own their own data centre and disaster recovery centre on Indian soil. The new rules allowed third-party MeitY-empanelled cloud hosting. Coempt runs on AWS and Azure. This helped Coempt and hurt TCS, which owns its own data centres. It also means student data is no longer on sovereign, Indian infrastructure.

08. The old rules required the bidder to own or control the complete source code of its software. The new rules deleted this. Coempt's platform runs on Microsoft's proprietary IIS, which they don't own.

09. A last-minute corrigendum, issued right before bid submission, removed CBSE's own power to blacklist the firm if its software failed catastrophically. So even a Telangana-scale failure couldn't get Coempt banned from future government tenders.

10. The penalty structure shifted from punishing mistakes to punishing delays. The old rules fined the vendor for wrong scanning, merged pages, and unscanned books. The new rules dropped those and instead levied Rs 50,000 per day for delays. This incentivises rushed scanning over accurate scanning.

11. The old rules had a hard accuracy threshold, error rate not to exceed 0.5%. The new rules removed this number entirely.

12. The old rules specified proper book and robotics scanners. The new rules just say "sufficient scanners." The definition was vague enough that, as Sarthak notes, the scanning could be done with a phone on a stand.

13. On the security side, the contract required a VAPT (vulnerability and penetration test) certified by CERT-In before go-live, and a restricted beta phase before launch. The system clearly wasn't restricted, because the other researcher, Nisarga, was able to access it and find vulnerabilities four days before go-live. So the mandatory security audit appears to have been bypassed.

These are more than a dozen rule changes, all between the failed tender and the winning tender, all pushing in the same direction, all benefiting the one company with the worst track record in the field.

The security holes Nisarga found last week now have an explanation. The system was built by a vendor that was specifically allowed to skip the security certification, the source code ownership, the data sovereignty, and the quality thresholds the original rules demanded.

Following things need to happen immediately;

1. An immediate CAG audit of the tender process.
2. A parliamentary debate on the topic.
3. An independent investigation into
> Why the first tender vanished?
> Why the disqualification clauses were deleted?
> Why the turnover bar was held exactly where it was?
> Why the security level was dropped?
> Why the blacklisting power was removed at the last moment?

Sarthak, this is genuinely exceptional investigative work. Far better than most journalists with full resources ever manage. Take a bow. :)

[Aswath Damodaran @AswathDamodaran]

I valued SpaceX for its IPO a few weeks ago, with minimal information and a promise to revisit the valuation, when the prospectus was made public. The prospectus is public, the offering price has been set and my update is up and running. https://t.co/zRjpD1C0wv