๐ The Week At A Glance
This week we talked about India's population problem, why its not spending money and why it backed out of the world's biggest trade deal!
Hello, readers ๐
Weโre back again to fill you in on this week's business and finance developments in just 2 minutes 53 seconds!
๐ค Brands v/s Distributors!
The beginning of the year wasn't that great for HUL and Colgate. Their distributors refused to put up their products on shelves. Wondering why these distributors boycott these two brands? Because of a brewing rivalry in the retail world. To know more about this whole sordid situation, ReadOn!
๐จโ๐ฉโ๐งโ๐ง India's Population Problem
For years we have worried about India's overpopulation problem. After all, we're only one of the two countries to hit the billion mark and resources are scarce. But what if we told you this wasn't actually such a huge problem and that we may have overcorrected a bit? Here's our analysis on the population problem that we'll soon be facing.
๐ฒ The Government is a Major Stakeholder in Vi!
Vodafone Idea has decided to give the government a 35.8% stake in the company. The move was probably the only resort for the debt-riddled company but investors are not happy with the decision. But what prompted this in the first place? How did things get so bad for Vi? And what does it mean for its future? ReadOn to find out!
๐ The World's Largest Trade Deal
As the new year dawned, the world got its biggest ever trade deal, the Regional Comprehensive Economic Partnership (RCEP) brokered by 15 Asian countries. The deal could account for 50% of the global GDP by 2050! So, why did India back out of the deal? ReadOn to know the reasons.
๐ซ SEBI Stops Stock Scams!
Social media has become a major source of misinformation. But sadly, it is still the first place where most of us go to get information. Even about stuff as serious as the stock market. And many fraudsters take advantage of this. Here's how they have been making money just by recommending stocks and what SEBI is doing to stop such scams.
๐ Why is India not Spending Money?
India pledged massive amounts of money last year for economic and infrastructure development. But so far, it has used less than half of the budget it allocated. Wondering why India has tightened the purse strings and how it is going to impact us? ReadOn!
๐ฐ Here's What Else Made the News and Moved Markets:
๐ As kids when we thought about the future we imagined we would be traveling around in flying cars (courtesy of Jetsons!) and not stuck in endless lockdowns. And well, soon our dreams could be coming true, thanks to India's first e-plane startup 'The e-plane Company.' The company wants to launch flying electric cars that will not just reduce our commuting time but also pollution. And the best part? They'll cost only 1.5 times the regular cab fare. Like us, investors were also sold on the idea and the company has raised $5 million!ย
๐ Vivo IPL is now going to be Tata IPL! Yes, the Tata Group is now going to become the title sponsor of the IPL for the next two years. Technically, Vivo was set to be the sponsor for this time period but because of the Indian government's stand-off with the Chinese army, the Chinese phone manufacturer has decided to back out of the limelight. However, it will still have to honour its contract and pay money for two years to the BCCI. So, BCCI, the "charitable trust" is going to be swimming in a lot of cash soon! And in other Tata news, Tata Consultancy Services has announced a Rs. 18,000 crore share buyback which has made investors very happy!
๐ After several attempts of doing away with cryptocurrencies, the RBI has now finally taken a step forward towards accepting them or at least acknowledging them properly. The central bank has created a department to regulate the fintech sector, which will also oversee crypto exchanges. Not just that, it is also seriously considering launching two central bank digital currencies, a wholesale one for financial institutions and a retail one for people like you and me. There's also another crypto development. Torus Kling Blockchain IFSC is set to launch Bitcoin exchange traded funds in India. They will trade on the India International Exchange. This will give Indians a way go trade in cryptocurrencies without the crypto exchanges whose future is still uncertain.
If you want such bite-sized updates about whatโs happening in the business and finance world, follow us onย Instagram.
And now you can also listen to our stories because the Revolution ReadOn podcast is live!! Here: you can catch it on Spotify, Apple Podcast or Amazon Music.
Donโt forget to share the pieces you loved with your friends and let us know what kind of content you would like to read! Weโre always looking forward to hearing from you.
With love,
Team ReadOn โค๏ธ
Join us on Whatsapp to get dailyย updates! ๐