👀 The Week At A Glance
This week we talked about a new economic crisis, the crazy rich Singaporeans, the Indian edtech market and more.
We began this week by talking about something that could change how the Big Four accounting firms work and we ended it with a look at Amazon's interest in Vi. Catch up with all this and much more in just 5 minutes.
😲 Why is EY Breaking Up?
Ernst & Young, one of the biggest accounting firms out there, is planning on splitting its accounting and advisory divisions. The company feels doing so will help increase its client base and get regulators off its back. Here's why it feels this way and why it could change how Big Four firms work.
🧐 Why is Pakistan Facing an Economic Crisis?
Another one of our neighbours is facing a major economic crisis: Pakistan. And it's all a result of the country's insane borrowing habits. But don't all countries borrow money from the international markets? Then what exactly went wrong with Pakistan. ReadOn to find out!
🤑 The Crazy Rich Singaporeans
Singapore was once a small, resource-starved country just like ours. But it has managed to become a developed country with great living standards in just a few decades after its independence. Here's how it managed to do this.
🤔 Is the Indian Edtech Market Over?
The Indian edtech industry has been having a bad few weeks, with many companies seeing massive layoffs. And while this may seem like a temporary problem, BYJU's isn't taking any chances. It is planning on expanding beyond India, focusing mainly on the global markets. Here's our take on why that could be a good move and where Indian edtechs went wrong.
☀ Here's Why Solar Pumps Are Still Out of Farmers' Reach
Our government came up with a great subsidy scheme to make solar pumps affordable for farmers. This would not just help them get a more reliable electricity supply but also reduce pollution and save money for states. But here's why this scheme is still not providing the desired results.
🔍 Why is Amazon Interested in Vi?
Amazon may be interested in acquiring a stake in Vodafone Idea. But why is it trying to get a piece of a debt-ridden telecom company? ReadOn to find out!
🗞 Here's What Else Made the News and Moved the Markets
👉🏻 India's GDP growth slowed down to 4.1% in the Jan-March quarter, bringing the overall GDP growth of FY22 to 8.7%. This is pretty disappointing for many as the previous quarters had recorded a growth of 20.3%, 8.5%, and 5.4% respectively. However, the last quarter saw a lot of challenges like Omicron, supply chain shortages and rising inflation. The plus side: both private and government capital expenditure rose. This plus the fact that private consumption is rising could mean that FY23 GDP could grow to double-digit numbers.
👉🏻 It's not just Indians that miss TikTok, TikTok misses India too. After all, we were one of its biggest markets. So, it is planning on making a comeback. To do this, it is considering tying up with Mumbai's Hiranandani Group, which owns data centres and a consumer services platform called Tez Platforms. Partnering with it could not only allow TikTok to store data locally (a government requirement) but also give it a platform for its content (in case the government doesn't remove the app ban). But will TikTok be able to successfully enter India?
👉🏻 The aerospace sector has now enchanted both Ambani and Adani. After Adani announced a 50% stake in General Aeronautics, Ambani is showcasing his prowess in the sector. RIL's subsidiary, SankhyaSutra Labs recently showcased a new Made in India software that can be used to design aircrafts for much cheaper: something that the defense sector will surely be interested in. It also showcased new products and solutions for drones. Time for an Adani-Ambani face off in the skies now?
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