👀 The Week At A Glance
This week we talk about the Economic Survey, the Budget, and the earnings reports of two major FAAMG companies!
Hello, readers 👋
This week was full of important and historic announcements. So, in case you missed out on them, we’re here to bring you up to speed on this week's business and finance developments in just 2 minutes 45 seconds!
📈 A Penny Stock Giving 3,000% Returns?
If you invested Rs. 50,000 in Brightcom Group’s stock last year, you would now have Rs. 16 lakhs! But what was behind these crazy returns? And is the stock now overvalued? ReadOn for our analysis about the Brightcom Group!
🔍 What did the Economic Survey Say?
The Budget lays down what’s to come for the rest of the year. But before we learn what we should expect, we need to know what’s the state of the economy right now! That’s what the Economic Survey tells us. And here’s what is said.
📜 Budget's Blockbuster Announcements
The 1.5-hour-long budget session featured several announcements: new taxes, the government’s new plans, and a lot more. So, here’s the summary of the most important developments that will impact us.
🤔 Will A Bad Bank Be Good for Us?
India’s “bad bank” has finally received regulatory approval. But why is India getting a “bad bank” and will it actually do any good? ReadOn to find out!
🤨 How will the Digital Rupee Change Our Lives?
One bombshell announcement made during the Budget session was that India will finally be launching its very own central bank digital currency. This could very well change the face of our payments ecosystem. Here’s how!
📊 Meta's Mega Loss=Alphabet's Gain?
Two major FAAMG companies, Meta and Alphabet, announced their earnings results this week. But their results were poles apart. While Meta’s results caused a historic loss for the company, Alphabet’s revenue surged to over $200 billion for the first time. Could these two events be related? ReadOn to find out!
🗞 Here's What Else Made the News and Moved Markets:
👉 Crypto exchange WazirX’s founder Nischal Shetty has created a new blockchain called Shardeum. This blockchain plans to solve a major problem that existing blockchains are facing: scalability. Existing blockchains cannot support a lot of users but the number of people using these blockchains is increasing every day. Shardeum solves this problem by breaking a network into shards. Each shard can then execute transactions itself. This also helps bring down transaction costs. Will Shardeum become a major challenger to Ethereum and Solana?
👉 Microsoft, Meta, Google, and all the major companies across the world are trying to build metaverses. So, why should Jio stay behind? Jio Platforms has acquired a 25% stake (for $15 million) in a deep-tech company Two Platforms exactly for this purpose. Two Platforms will develop immersive gaming and metaverse-related products for Jio. If Jio is able to crack the metaverse space, it could become the next trillion-dollar company! Excited about Jio’s metaverse?
👉 Everyone’s now catching the D2C (direct-to-consumer) bug, and Aditya Birla Fashion is the latest victim of the D2C fever. It is setting up a unit specifically to enter the D2C segment. This unit will acquire several lifestyle, beauty, and fashion brands and scale them, basically becoming a “house of brands”. Wondering why everyone’s entering this segment? For starters, we’re all into online shopping now, so it has become very easy for D2C brands to gain our attention. Plus the D2C market in India is set to reach a $100 billion market cap by 2025. Will other major companies also be entering the D2C market soon?
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