👀 The Week At A Glance
This week we talked about an upcoming IPO, the roadblock in RBI's plans and a lot more.
We started this week on an eco-friendly note and ended it with a discussion on mental health. Catch up with all this and a lot more in just 5 minutes.
🤔 Why Does India Need an ESG Advisory Committee?
Companies across the world are flaunting their eco-friendly statuses now. And in this scenario, environmental, social, and governance (ESG) norms have become all the rage. But what exactly do these ESG norms mean and why are we getting a whole committee to regulate them? ReadOn to find out!
💀 Skeletons in Reliance's Financial Closet
Reliance Industries Limited became India's first company to hit the $100 bn revenue mark this week. And while the whole country is proud of this achievement, investors are still dumping the company's stocks. So, is this just because of the market wide sellout or is something else the matter? ReadOn to know more!
😱 RBI's Inflation Control Plans in Jeopardy?
The RBI increased interest rates last week to control inflation. But this has raised bond yields, which could increase borrowing costs for companies and cause unemployment. So, the government has asked the RBI to buy back bonds. However, this could further lead to inflation. Confused? Here's our easy explanation.
🐮 Amazon for Cattle, Diet Charts for Cows?
Over 70% of Indian farmers depend on livestock for their income. But cattle trading and cattle rearing have now become a hassle for them. Here's a look into how startups are making this whole business easier.
📈 Decoding Delhivery's IPO
Delhivery parcels have made their way into all our homes. But will this convince investors to invest in its IPO? Here's our analysis of the company's IPO filings.
😲 A Device to Monitor Your Stress in Real Time
Mental health problems are on the rise thanks to Covid. And therapy and medication are not available and accessible for all. In such a scenario apps and wearables have become the mental health messiahs. One such app, NowZone, is now trying to revolutionize this space. ReadOn to know how.
Also we will be holding an Insider Insights session with NowZone's co-founder and team today.
🗞 Here's What Else Made the News and Moved the Markets
👉🏻 Softbank, one of the world's largest investors, has said that it may cut down its investments by more than half this year (FY23). Why? Well, increased interest rates, crashing markets indicate a global slowdown. All VCs and investors are now getting cautious about their investments. Softbank reported a record loss of $27bn at its Vision fund this year. It had invested over $3bn in India last year and planned to invest $5bn this year. But, looks like now it is going into defense mode. Tiger Global is also in a similar situation. It saw a loss of $17bn in hedge funds, thanks to the major market sell-offs (especially in tech companies). Yes, that's two thirds of all gains by the firm since 2001! Will this be a lesson for Tiger to change its targeting strategy? Or, will it continue its risky strides?
👉🏻 India's economy is in trouble as retail inflation has hit an 8-year-high of 7.79% despite the RBI raising interest rates. Food inflation rose from 7.68% in March to 8.38% in April. Also, the rupee fell to an all-time low of Rs. 77.41 because the Fed's interest rate hike has made US bonds more attractive. So, foreign investors are pulling money from India and investing in the US. This has lowered the circulation of dollars in the market, making the dollar stronger in comparison to the rupee. This could increase the cost of oil, which we import. But the RBI plans to intervene in the markets and float some of its $600bn reserves, to reduce the demand for dollar and strengthen the rupee. Will this plan work out?
👉🏻 The government is looking to revamp the Competition Commission of India (CCI) and amend the Competition Act to regulate the digital economy better. Yes, new rules for the new virtual battleground. This calls for a massive overhaul, and restructuring of the CCI's administration. Earlier, mergers and acquisitions of startups with huge valuations were not under CCI's review because they had lesser assets and smaller sales. But, no more. Will India's digital economy be better regulated now?
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