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.
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BSE Sensex
53,750.97
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NIFTY
15,989.80
(+1.13%)
Dollar/Rupee
₹79.30
(-0.09%)
Gold
₹50,569
(-1.43%)
Crude
oil
₹7,625
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Bitcoin
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*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…
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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…
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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…
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more.
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…
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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…
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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…
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more.
6 months
The revised gap for covid-19 booster dose from the earlier nine months for all adults.
2
The number of years covid-19 will take to reach an endemic stage among humans, according to a new research.
52,698
Units sold by German auto-maker Skoda Auto Volkswagen India in the first half of 2022.
9
Number of times the quarterly crypto market capitalization has declined by more than 20% since 2010.
30%
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.
India needs a coherent economic policy framework for dealing with China
India really has no option but to manage the increasingly complicated relationship with its difficult neighbour, China. Any further breakdown in the increasingly tetchy relationship between the two Asian giants would spell disaster for manufacturers in several sectors of the economy, including automobiles, which is dependent on China for many key components.
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more.
A sharp rise in input costs and interest rate hikes may be beginning to hurt demand in some cities. Residential sales in Delhi and Bengaluru fell the most in the June quarter, sequentially, shows data from Knight Frank India. But will it last?
Rocketry
There are films that are breathless, and films that need to breathe. Some whisk the audience along so confidently that irresistible forward movement becomes the whole point. But not every film is built for this. Pausing has its virtues. Rocketry needs to breathe.
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Mimema+gene
(Sylvia Boomer Yang)
The word ‘meme’ was originally coined by British evolutionary biologist Richard Dawkins in his 1976 book, The Selfish Gene. He blended the Greek mimema, meaning imitated, with the English word gene. Dawkins defined memes as “a unit of cultural transmission.” Like genes, cultural transmission also leads to evolution.
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