👀 The Week At a Glance
This week we talk about crypto, the metaverse, new rules for businesses and much more!
Hey there, good morning 👋! If you’ve missed out on the news this week because of the ongoing festivities, we’re here to keep you updated. So, binge on!
💼 SEBI is Trying to Stop Nepotism in Business
SEBI is trying to put a stop to some unfair nepotism in the business world. Why? To protect shareholders of course! This week it warned Vedanta for not reporting a related party transaction. It has also introduced new rules for such transactions. To find out what is going on, ReadOn.
🐶 Is the Meme Coin Craze a Scam or an Opportunity?
Every week we hear that a new meme coin has grown by an insane amount. But what's driving their growth? And can you trust them? We break it down for you here, so you can understand whether you should buy meme coins that rally the next time Elon Musk tweets.
🧨 What Does the Future Hold for the Firecrackers Industry?
With growing pollution and climate change worries, many states are now banning firecrackers before Diwali. But do these bans make sense? And if they continue, can the firecrackers industry sustain itself. Here's our take on the issue.
🤔 Why are RBI's New Payment Rules Causing Merchants Grief?
Last month, the RBI implemented new rules to end recurring payments without customers' permission. This rather simple sounding rule has made banks, customers, and especially merchants very unhappy. And more upcoming payment-related rules are now worrying businesses. Here's why.
👑 The Story of the King of Wall Street
BlackRock is currently the world's biggest asset manager. But do you know that the firm's story begins with a $100 mn loss! Here's the origin story of BlackRock and its CEO, the King of Wall Street!
🎮 Are Crypto-Based Play-To-Earn Games the Future?
Want to get your hands on crypto and NFTs? Now, you can do that just by playing "pay-to-earn" games. But are these games legit? Here's all you need to know about these games and their role in the future!
➕ Bonus: The COP26 Summit
Everyone's been talking about the COP26 climate summit. And we've summed up the most important news from the summit just for you!
🗞️ Here's What Else Made the News and Moved Markets:
👉 India's efforts to go digital have borne fruit, and now 80% of our economy is formalized. This means that the informal economy, which doesn't pay taxes, has shrunk to 15%-20%. But do these numbers present the real picture?
👉 Ola finally recorded its first operating profit after 10 years despite the pandemic! That too right before its IPO. And now to make more profits, it is also entering the grocery business.
👉 Facebook and Microsoft are entering the metaverse business, and Nike wants a part of it too. So, it is planning on launching digital sneakers and accessories for all our virtual avatars!
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With love,
Team ReadOn ❤️
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