👀 The Week At a Glance
This week we talked about NFTs, new RBI rules, ITC shares, and Fed raising interest rates.
Hey there, good morning! Lots happened in the world of business and finance this week and here’s your chance to catch up. Binge on!
✈️ IndiGo’s Fierce Founder Feud
IndiGo’s co-founders have been in a bitter feud since 2019. An extraordinary general meeting this month could finally put an end to this rivalry, the seeds of which were sown in 2015. But what’s behind this filmy feud? ReadOn to find out.
🔮 Are NFTs the Future Or Just A Fad?
Everyone’s been talking about NFTs. But what’s so special about them? Are these just some pictures you exclusively own? The answer is no. NFTs have a lot of potential and can disrupt the sports, entertainment, and fashion industry. Here’s how.
🔎 How Stable are Stablecoins?
Myanmar’s shadow government has adopted a stablecoin as legal currency. Why? To get quick, easy, and off-the-books access to funds. But what really are stablecoins and can they be trusted? ReadOn to learn more.
🏦 Why is the RBI Imposing New Rules on NBFCs?
The RBI had largely left non-banking finance companies alone so far. It didn’t think they were important. But now the central bank is rethinking its approach and introducing new regulations for these NBFCs. Wondering what these rules are and how they will impact NBFCs? ReadOn!
🧐 Why are ITC Investors Upset?
ITC recently held a long-awaited investors and analysts meeting. But that only upset investors causing stocks to fall. Why? Because investors didn’t hear what they wanted to: confirmation of a demerger. Why do they want a demerger? Here’s our explainer.
📈 How will Rising Interest Rates Impact India?
Central banks of the US and the UK are raising interest rates. But why? And how will this impact us? ReadOn to find out how this decision has the potential to crash our markets!
🗞️ Here's What Else Made the News and Moved Markets:
👉 Retail inflation in India rose for the third month in a row to 4.91%, thanks to the rising cost of vegetables. Plus, manufacturing costs for companies have also increased and they’re happily passing on this burden to customers. The good news is that inflation is still below last year’s rate. The bad news? With rising inflation and other central banks raising their interest rates, the RBI may soon have to raise our interest rates too.
👉The government is currently considering a bill to reduce its stake in public sector banks from 51% to 26%. This will make privatisation of these banks much much easier as foreign investors will no longer have to wait around for parliamentary approval to buy big stakes in them. This fresh capital will help revive these banks, without the government having to bail them out. Win-win, right?
👉 Instagram is certainly not ready to quit its habit of copying TikTok. So naturally, after TikTok announced an NFT series, Instagram is also thinking of launching one. This is definitely good news for creators and influencers as this opens yet another revenue stream for them. But will people be interested in Insta’s NFTs?
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