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Thursday, 07 July 2022


Good Morning

A recession in the US and Europe is around the corner. While India’s exporters could face shrinking demand, the country, overall, may be better placed than many other economies. Why is that? A recession would cool red-hot oil and commodity prices and help avert further interest rate hikes. Cooling of prices, in turn, could alleviate India's concerns around the current account deficit and high import bills.

BSE Sensex

53,750.97 (+1.16%)


15,989.80 (+1.13%)


₹79.30 (-0.09%)


₹50,569 (-1.43%)

Crude oil

₹7,625 (-2.00%)


₹16,45,000.02 (+0.30%)

*As of 9.15 PM 6 July; MCX, CoinDCX

Twitter vs Centre: Takedown tussle has been brewing

Social media giant Twitter is once again at loggerheads with the Indian government. In the latest escalation, the social media platform approached the Karnataka high court on Tuesday, seeking legal recourse against successive orders by the ministry of electronics and information technology (MeitY) to take down tweets… Read more.

Byju’s doubles revenues to ₹10k crore on string of acquisitions

India’s most valuable startup Byju’s has just gotten bigger, with the online education platform doubling its revenue to nearly ₹10,000 crore in FY22. Based on the latest revenue figures, Byju’s is valuing itself at $22.6 billion, almost $6 billion more than its October valuation… Read more.

India’s stock valuations cool off, but risks linger

The steam from India’s equity valuations has fizzled out substantially because of the ongoing stock market turmoil. The 12-month forward price-to-earnings (PE) multiple of India’s key benchmark index, the Nifty50, is 17.3x, much below its 10-year average of 19.5x… Read more.

Declined: RBI returns aggregator applications (premium)

Payment aggregators are a crucial spoke in the giant wheel of online payments—such companies receive, process, pool and transfer user payments to merchants. About 180 companies applied to be licenced last year. But, over 100 applications have been returned by the RBI… Read more.

Vauld crisis turns up heat on finfluencers pitching crypto

Angry questions are being asked of financial content creators, or ‘finfluencers’, who promoted Vauld, the Singapore-based crypto firm that suspended all its transactions on 4 July, leaving investors stranded. Many creators put up a sales pitch for Vauld in the name of educational content… Read more.

How EU plans to tame the wild west of cryptos

On 30 June, the European Parliament agreed upon a new law to regulate cryptocurrencies. The Markets in Crypto-Assets (MiCA) law is the first comprehensive regulation for cryptos, and some expect it to become a trendsetter for crypto regulation globally… Read more.

6 months

The revised gap for covid-19 booster dose from the earlier nine months for all adults.


The number of years covid-19 will take to reach an endemic stage among humans, according to a new research.


Units sold by German auto-maker Skoda Auto Volkswagen India in the first half of 2022.


Number of times the quarterly crypto market capitalization has declined by more than 20% since 2010.


The estimated y-o-y increase in rental income for malls in FY23, on the back of improved business.


In June, China stocks rallied to their best month in a year and a half, one of the few respites from the rout in global equities.

Lawmakers in the EU voted to include nuclear power and natural gas in the bloc's list of investments deemed sustainable.

The dream of electric air taxis has always depended on the reality of batteries. But money for moonshots have dried up.

The Russian army is transforming Europe's largest nuclear power plant into a military base overlooking an active front.

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