👀 The Week At A Glance
This week we talked about piracy, privatisation, plans to kill the dollar and lots more.
We began the week with a look at what was being done to stop piracy and we ended it with an analysis on the government's plans to privatise Coal India. Catch up with all this and more in just 4 minutes.
🎥 An End To Piracy?
Piracy has been eating up revenues of the entertainment industry for years now. Every year the global film industry loses $40-90bn to this menace. But an Indian startup and a few new rules are trying to put an end to piracy in India. Wondering how? ReadOn!
🚂 Does Indian Railways Need To Go Private?
While a lot of PSUs (including one we're going to be talking about soon) are set to go private soon, the government refuses to give up control over one: The Indian Railways. But this sector desperately needs private investment. So, here's how the government is trying to make sure the sector gets private help without being privatised.
💱 China's Plan to Kill the Dollar
The dollar is the currency that rules the world right now. Because all other currencies and most importantly oil are pegged to it. But China has come up with a simple and ingenious plan to slowly chip away at the dollar's dominance. ReadOn to know more.
💸 New Revenue Stream for Telcos
The news of new private networks had worried many telecom companies as it could severely reduce their revenues. But the government has come up with a plan to give these companies a new revenue stream. Here's what the plan is.
📅 Analysing GST On Its 5th Birthday
GST has raked up a lot of support and a lot of controversy in the 5 years since it was born. And the controversy is continuing even now. So, here's our analysis on the good, the bad and the current mess surrounding the Goods and Services Tax.
🧐 Yet Another Privatisation Coming Soon?
The government has been talking a lot about privatisation in the last few years. And the latest PSU being considered for privatisation is Coal India. Here's why the government wants this company to go to the private sector.
🛍️ Featured: Simplifying Shopping for Men
Men usually have a hard time finding clothes that fit them well and suit their personality. Which is why they end up using only 13% of their wardrobe. But one startup, Hilo Design, is trying to change this by offering men custom made clothes that they can choose using a personal stylist. It has already won the hearts of many men and made Rs. 1 crore in revenue in FY21-22. Here's how it has achieved this.
Interested in the company? You can invest in its campaign now!
🗞️ Here’s What Else Made the News And Moved the Markets
👉 Mukesh Ambani is not repeating the mistakes of his father and putting up a succession plan in place already. The first step? Resigning as the Chairman of Jio and appointing his eldest son Akash Ambani in his place. Seems like Isha Ambani will be taking on as the chairman of Reliance Retail. These transitions have been in place for quite some time with Akash and Isha both participating in several of Reliance's projects. But will these new appointments take Reliance to new heights or bring it down?
👉 China's plan to push the yuan and make it the next reserve currency seems to be coming to life already. UltraTech Cement is reportedly paying for a shipment of Russian coal using the yuan. This is a first for any Indian company. But apparently it is not the only company taking this step. The move will help Russia bypass Western currency but also put China and yuan in a much much stronger position.
👉 RIL, Vedanta and ONGC all ended the week in red thanks to the government. The government imposed an export duty on domestic crude oil to make sure India has enough supply of oil. Many companies were supplying oil at higher prices to energy-starved Western nations which caused Indian pumps to run dry. Plus, it also imposed a windfall tax on the production of domestic crude to gain from the profits of companies that minted major bucks thanks to the rising price of oil. Is this a major buying opportunity?
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