👀 The Week At A Glance
This week we talked about Edtech's new play, a new and exciting merger and lots of other interesting topics.
This week wasn’t just about business and finance updates. We looked at a lot of other exciting topics as well like the cost of sleep, the legalisation of weed and the end of globalisation. And we also have a new segment: book summary. Catch up with all this news in just 3 minutes!
📖 The Art of Thinking Clearly: Week 1
Building a reading habit is difficult. But we’re trying to make it a little bit easy by starting our very own Readathon Book Club. Every week we will discuss part of a book. Week one’s target was 50 pages of ‘The Art of Thinking Clearly’. In case you missed the discussion, you can read the summary here. And if you want to be a part of future discussions, you can join our ReadOn Pro community here:
P.S: The button is working now. Pakka promise! 🥺
👩💻 EdTech’s New Offline Play
Byju’s and Unacademy are both planning to go offline but both have different game plays. But why are these edtech companies, whose USP was online teaching, adopting the old-fashioned physical education way? ReadOn to find out.
🌍 Is Globalisation Coming to an End?
Globalisation is why we can eat McDonald’s and use an iPhone and wear H&M clothes. It is what connects the world. But globalisation once ended because of the World War. And it could end once again. Here’s why.
🥱 The Cost of a Bad Night’s Sleep
None of us are strangers to all-nighters. And in today’s hustle and FOMO culture, we’ve been sacrificing sleep more often to catch up with either work or pleasure. But all work and no sleep, makes one grumpy, groggy, unproductive. Not to mention, it could be costing the world a trillion dollars. Here’s how.
🤝 Zomato and Blinkit: A Match Made in Heaven?
Watch out delivery giants, two of the biggest names in food and grocery delivery are now joining hands. The merger comes as Blinkit is having trouble keeping up with the cash burn that comes with running a quick commerce business. Here’s why Zomato is buying a troubled company.
☘ What if India Legalised Weed?
This Holi many of you may have enjoyed bhaang or saw other people drinking the traditional drink. But have you ever wondered why bhaang is legal when weed isn’t? And what would happen if weed was legalised? ReadOn to find out.
📈 Why is the World's Most Expensive Stock Not Splitting?
The stock of Berkshire Hathaway is the world’s most expensive stock costing $500,000 a pop. But why is the company’s stock so expensive? It has never gone for a stock split. Wondering what that means? ReadOn!
🗞 Here's What Else Made the News and Moved Markets:
👉 The Federal Reserve (the US’ central bank) has finally bitten the bullet and raised interest rates to control inflation which is it a 40-year high. It has raised the rate by 0.25% and plans 6 more such hikes this year to control US' inflation, which is at a 40-year high. Indian investors had dreaded this day, thinking the market would see red as foreign investors pulled out. But stocks are up because of India's deal to get 2mn tonnes of oil at a discount from Russia. This has boosted foreign investors' interest. They invested Rs. 312 crores today, the first time since Feb 11 that more FII (foreign institutional investors) money has come in than gone out! Have we skipped to the good part?
👉 Paytm shares have been making investors cry ever since it went public. Its current stock price is Rs. 634 but analysts expect it to fall to Rs. 500. Many think Paytm's Rs. 1.39 tn IPO valuation was too high (it is 47x of its price to sales ratio). So, when the market crashed due to foreign banks raising interest rates, people dumped Paytm stocks. RBI's recent order that Paytm Payments Bank has to stop onboarding customers has led to another sell-off. Will Paytm ever be able to recover?
👉 Your favourite midnight snack Maggi is now going to cost Rs. 14 instead of Rs. 12. India's WPI (Wholesale Price Index) inflation rose from 12.96% in January to 13.11% in February, staying in double digits for the 11th time. Rising input costs for products like fuel, chemicals and metals have pushed up wholesale prices for producers. So? They are now passing on the increased costs to consumers. Yes. Maggi, tea, coffee, all household staples, are going to cost more now as HUL and Nestle announced price hikes. Who do you think will announce a price hike next?
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.
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Team ReadOn ❤️
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