👀 The Week At A Glance
This week we talked about SpiceJet's troubles, the future of our economy and the banking sector and a mutual fund that can help you access the entire US stock market.
Hey, readers 👋
This week we discussed a lot of interesting things and analysed some important information. In case you missed it, we’re here to bring you up to speed on all the developments in just 2 minutes 50 seconds!
☢ Is Nuclear Energy the Answer to Climate Change?
Many countries are betting big on renewable energy to combat climate change. But renewable energy is not always reliable. So, one country is banking on nuclear energy: China. Here’s our take on why that’s a smart strategy.
📈 India’s Increased Borrowing: Good or Bad?
India is amping up spending so that it can boost the economy. But it needs to borrow more to fund this spending spree. Here’s how this increased spending will impact our economy as a whole.
💰 One Mutual Fund to Rule Them All
What if we told you that buying units of just one fund could give you access to the entire US stock market? Don’t believe us: check out details about the fund here and see if this could be a good investment option for you.
🤔 Why is the Indian Banking Sector Soaring?
SBI recorded its biggest profit ever this quarter. And it’s not the only bank to make bank. Several banks have recorded double-digit growth this quarter. ReadOn to find out what’s behind this growth and whether or not it is sustainable.
🛫 Fasten Your Seatbelts: SpiceJet is Facing Turbulence
SpiceJet once heroically escaped bankruptcy. But it is once again surrounded by a storm of new troubles, some so bad that they may close down the company for good. Here’s what is going on.
🔬 Are Microbes the Key to Green Energy?
When we pitched nuclear energy as a possible alternative to renewable energy, many got concerned about nuclear waste even though the problem has been largely solved. But because of readers’ concerns, we decided to find alternative solutions and stumbled across one that involves algae and microbes. ReadOn to find out how these microorganisms can help us out.
🗞 Here's What Else Made the News and Moved Markets:
👉 We were not the only ones obsessed with green energy this week. RIL also made some major moves in this sector. RIL and four other venture capital funds invested Rs. 300 crores in the electric commercial vehicle startup Altigreen, which is focusing on three-wheelers, unlike most other EV companies. Plus, it is also repurposing a gas production plant into a plant that produces cheap blue hydrogen. This blue hydrogen is carbon neutral as it captures carbon emissions instead of releasing them into the atmosphere. This could be a big boost to India’s plans of becoming carbon neutral by 2070.
👉 Binance invested $200 million in the global media company, Forbes. This will help the company create educational resources about blockchain and crypto and get more customers. But could this lead to misleading articles and ads that hype up crypto?
Fun Fact: Binance had tried to sue Forbes in 2020 for publishing a defamatory story. The suit was dropped in 2021. Guess the company realised the power of media and decided to use it for their own advantage.
👉 The metaverse space is developing as fast as a wildfire. Now McDonald’s is also trying to enter the space with virtual restaurants and virtual events by filing a trademark for virtual goods and services. But the metaverse is not just for fun and games. An Indian startup Metaversity is trying to use this virtual space to improve the education sector. By allowing students to create avatars it wants to make online education more fun and interactive. The idea has interested over 70 global investors who have put $33 million into the startup.
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