👀 The Week At A Glance
This week's menu: Amazon's union problem, Sri Lanka's crisis, and a lot more.
We began the week with a look at India's Brain Drain problem and ended it with a lesson in strategic thinking and an analysis of an interesting payments instrument. Catch up with it all in 4 minutes.
🧠 India's Brain Drain Problem
For many of us the definition of a perfect life is settling abroad. That’s because several foreign countries offer better education, job opportunities, a better lifestyle and more. And these things are luring more and more Indians out of India, especially talented people and millionaires. Here's how this brain drain is impacting India.
✊🏻 Unions Are Scaring Amazon
Workers of major companies in the US are forming unions to get more benefits. But these companies, especially Amazon, are not happy with this new development. ReadOn to find out.
💊 India is Getting A Drug Park
India is one of the biggest exporters of medicines to the world. But despite establishing ourselves as a major player in this sector, we're dependent on China. ReadOn to find out why we still depend on our neighbour and how a drug park can change this dependence.
🤔 Can IMF Save Sri Lanka?
Sri Lanka's economic crisis has hit a peak and the country has decided to default on its loans. It will instead use its remaining foreign exchange reserves to import necessities for its people. However, loans will eventually have to be paid and so the country is considering a bailout. But will this help? ReadOn to find out.
📜 A Lesson in Strategic Thinking
Ever wondered how some companies started from scratch but became business dollar empires? Because their founders and CEOs have a problem-first mindset. They can identify what the problems are, understand their root cause and come up with a solution that fixes the problem in the best possible way. Here’s a case study to help you understand how the CEOs of the world think.
💸 PPIs: Like Cash But Better?
Prepaid Payments Instruments have been taking over the fintech world in the last few years. They function just like cash but only digitally, making transactions very easy. Here’s why customers and brands are both betting big on these instruments.
🗞 Here's What Else Made the News and Moved Markets:
👉🏻 The Musk-Twitter drama is getting more interesting every day. Earlier this week, a Twitter investor sued Musk for not disclosing his shareholding in the company on the day he bought majority shares. But Musk is now over being just a shareholder. He is now planning on outright buying the company for $43bn and taking it private to make it an arena for free speech. The problem? He is no longer Twitter's biggest shareholder. That honour now belongs to Vanguard Group, which has a 10.3% stake in the company. But not to worry, Musk has hinted he has a plan B if his acquisition plan doesn't work out. Will this new plan involve an entirely new social media platform devoid of censorship?
👉🏻 Ola is entering the 10-min food delivery space in a partnership with Mukunda Foods, a food robotics firm. Ola Dash will allow 10-min delivery of "freshly prepared" pizza, wraps, rolls, rice bowls and khichdi. Mukunda Foods' robotic machines can reduce cooking time for Indian and Chinese dishes by 20-50%, and will help Ola achieve its targets. Ironically, Zomato recently acquired 16.66% stake in Mukunda Foods. But since the deal had no exclusivity clause, it is free to strike deals with rivals like Ola and Swiggy. Wrong move, Zomato?
👉🏻 The EU, UK and the US stopped food supplies for the second month to sanctions-hit Russia. Result? Russia is out of groceries. It has reached out to India for urgent supplies like tea, coffee, rice, pasta etc. It also wants to set up a joint India-Russia agro industrial park in Lotos for producing groceries to minimise its dependence on agro imports. For India, this might be an opportunity to grow sales and replace other countries' market in Russia. The two countries are also looking at a payments mechanism alternative to SWIFT. And the Russia-Ukraine crisis has also impacted other nations which relied on them for imports. So, India will be taking on the role of supplier to some such countries like Egypt.
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.
Don’t forget to share the pieces you loved with your friends and let us know what kind of content you would like to read! We’re always looking forward to hearing from you.
With love,
Team ReadOn ❤️
Join us on Whatsapp to get daily updates! 👇