👀 The Week At a Glance
This week we talk about the future! The future of cars, the future of work, the future of banks and more.
Hey there, good morning! We discussed a lot of interesting upcoming concepts this week. So, to catch up with the future, binge on…
😲 Why is BCCI a Charitable Trust?
The BCCI is the world’s richest cricket organisation but in India, it is registered as a charitable trust! Wondering what charity it performs? ReadOn!
🔮 Are DAOs the Future of Work?
Decentralized Autonomous Organizations (DAOs) are leveraging the power of the blockchain to transform the future of companies. Heck, with DAOs we might not even need companies in the future! Here’s our explainer on this futuristic concept.
🚗 Toyota Putting Its Money on Hydrogen!
While the world is betting on electric vehicles to help slow down climate change, Toyota is putting its money on hydrogen. The company is creating a car with a hydrogen-powered internal combustion engine. But does its hydrogen push make sense? Find out!
🏦 Banks Have A Secret Superpower
Did you know banks are the only institutions that can make money out of thin air? But the US wants to get rid of this superpower. Here’s why?
🤡 Elon Musk's $162 million Joke!
JP Morgan is suing Tesla for $162 million! For a joke Musk made in 2018. What was this million-dollar joke? ReadOn to find out!
🦈RBI Attacks the Loan Sharks
Loan scams have robbed thousands not just of their money but also their lives. Now the RBI is finally trying to put an end to this. Here’s how.
🗞️ Here's What Else Made the News and Moved Markets:
👉 The Wholesale Price Index inflation rose to 12.54% in October, which is a 5-month high! This increase comes as fuel and manufacturing prices have risen after the economy opened. So far, the manufacturers and retailers have absorbed these costs. But how long will they continue to do so? We may soon see the prices of commodities rising!
👉 The Indian parliament held its first meeting on cryptocurrencies. The members of the parliament have realised that they can’t do away with the people's current favourite asset. So, they are now thinking of ways to regulate it and make it safer!
👉 Myntra is entering high fashion! Yes, e-commerce platforms are now working to make high fashion more accessible and Myntra didn’t want to be left behind. So, it has partnered with Aditya Birla Fashion Retail Ltd. to launch a luxury portal, called Myntra Luxe. It will feature over 60+ luxury brands! But will it be able to compete with the other platforms already in the race?
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With love,
Team ReadOn ❤️
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