👀 The Week At A Glance
This week we talked about why Japan wants young people to drink more, IRCTC's data play, and much more.
We started this week by talking about cheap and green flights, and ended it with a discussion on Meesho's grocery play failure. Catch up with all this and more in just 5 minutes.
✈️ Cheap and Green Flights A Possibility?
We have all kinds of electric vehicles out there but electric planes are still a distant dream. In this article, we cover why we still don't have electric planes and what other tech is being developed to make your next flight cheaper and greener.
🍺 Japan Wants Its Youth To Get Drunk?
This was a headline we never thought we would write. But yes, Japan is hosting a contest to get its youth to start drinking more. Why? Sab taxes ka chakkar hai Babu bhaiya. Japan's economy is in big trouble and booze tax is one way to fix this problem. Get all the details about Japan's economic problems here.
🤔 Data Troubles for IRCTC?
IRCTC's website may be slow, but it has been collecting data of crores of people everyday since 1999. And though back then this data didn't mean much, it is worth its weight in gold right now (figuratively speaking of course). So, IRCTC wanted to monetise this data now. The problem is this data has super sensitive information. Which is why IRCTC is now backtracking. Here's our take on the whole issue.
🤯 Does the Adani Group Pose A Danger to the Economy?
The Adani Group has been in the news this whole year thanks to its acquisition spree. But this spree could be trouble for the company and for the economy, according to a new report. Wondering why the report claims this? ReadOn to find out!
🍨 Unilever, Ice-Cream And A Courtroom Drama
Ice-cream makers are usually associated with spreading happiness and love throughout the world. But when an ice-cream company takes its parent to court, you know stuff just got serious. So, find out why Ben & Jerry's took this drastic step and why its defeat is a win for capitalism.
🛒 Why Meesho's Grocery Play Failed
While you may have seen a lot of Meesho ads and hauls on Instagram, you probably didn't know it was doing grocery deliveries as well. And we don't blame you. With every Tom, Dick and Harry entering the space now, it's difficult to keep track of this stuff. Even we didn't know about Meesho's grocery play until the company shut down 90% of this new vertical and laid off 300 employees. But why did it do so? ReadOn to find out!
🗞️ Wait, There’s More…
This Friday was Women's Equality Day and we found out that sadly, women investors are still far behind their male counterparts.
Only 21 out of 100 investors in India are women.
And only 7% of women invest on their own.
Over 38.45% of women investors are from the top 6 metro cities in India.
All of this despite studies showing that women are better investors.
No, seriously.
Women managed to get 14% returns on an average during 2020, while men managed to get only 11%.
So, what's stopping women from investing?
A lack of financial independence and education along with the right kind of deals that build confidence in them.
But this may soon be changing.
Stay tuned to find out how.
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Team ReadOn ❤️
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