Tweet

This Thread may be Removed Anytime!

Twitter may remove this content at anytime! Save it as PDF for later use!

More from @Abhishe27960014

Abhishek

@Abhishe27960014

Feb 19

🏆PhonePe and Google Pay: The Power Duo Driving 82% of UPI Transactions

[THREAD🧵]

1) During Jan 2023, a total of 803 Cr+ transactions were made using UPI.

#UPI #phonepe

2) Out of these, 47% transactions occurred on Phone Pe app while 34.6% were carried out using Google Pay, and Paytm accounted for 14.8% of the transactions.

3) What is UPI?

UPI is a technology that allows users to link more than one bank account in a single smartphone app and make fund transfers without having to provide IFSC code or account number

Read 6 tweets

Abhishek

@Abhishe27960014

Feb 19

🚑Sun Pharma Makes Strategic Investment in Agatsa Software and Remidio Innovation

[THREAD🧵] to Understand Both These Companies

Agatsa Software:

1) Sun Pharma bought 26.09% stake in Agatsa Software worth 30 Cr.

#SunPharma #acquisition

2) Agatsa is a healthcare technology company solving for early detection of hearth attacks.

3) They have developed a ECH monitoring device, SanketLife, which works by touch, totally leadless which means no leads of gel/electrodes is required to measure ECG.

Remidio Innovative Solutions:

1) Sun Pharma has acquired 27.39% of stake in Remidio for 149.9 Cr

2) Remidio solves the problem of vision impairment by enabling access to early detection of eye diseases.

Read 4 tweets

Abhishek

@Abhishe27960014

Feb 18

"George Soros: The Billionaire at the Center of the Adani-Hindenburg Storm"

Who is George Soros? [THREAD🧵]

A) Soros is appreciated for these things in the past:

1) George Soros is considered one of the most successful investors of all time.

#GeorgeSoros #AdaniGroups #Adani

2. Soros has donated over $32B to various philanthropic causes such as democracy, human rights, education, and public health around the world.

3. Soros has supported progressive political causes and candidates, including civil rights, LGBTQ rights, & campaign finance reform.

4) He is known for his "breaking the Bank of England" trade in 1992, which earned him a profit of over $1 billion in a single day.

5) Soros has also been a vocal advocate for refugees and immigrants, and has provided financial support to organizations that assist them.

Read 5 tweets

Abhishek

@Abhishe27960014

Feb 18

🤔"India's Inflation Paradox: CPI Rising📈, WPI Falling📉"

Why Two Key Indicators Tell Different Stories?

[THREAD🧵] 👇

1) Both CPI and WPI are used to track the rate of inflation in the economy.

#CPI #inflation #economy #India

2) What is CPI & WPI?

CPI(Consumer Price Index) measures the change in the price of goods and services consumed by households

WPI(Whole Sale Price Index) measures the change in the price of goods traded in wholesale markets.

3) If both CPI & WPI are measuring inflation, then why is CPI increasing while WPI is decreasing?

2 Reasons:

a) Composition is different

While there are some shared components b/w the CPI & WPI, each index encompasses a range of goods and services that differ from one another.

Read 5 tweets

Abhishek

@Abhishe27960014

Feb 16

📉Good News for India's Economy: Trade Deficit Drops by 86% in Jan

[THREAD🧵] 👇

1) A trade deficit occurs when a country imports more goods and services than it exports

Jan 23's trade deficit expected to decrease from $8.9B to $1.2B compared to the last yr

#economy #India

2) The trade balance has two primary components, namely merchandise and services.

Merchandise: Exchange of tangible goods, including raw materials, agricultural goods, & manufactured products.

Services: Exchange of intangible services (fin services/tourism/transportation)

3) The primary factor contributing to the decrease in the overall trade deficit was a significant increase of 49% YoY in service exports.

Read 6 tweets

Abhishek

@Abhishe27960014

Feb 15

🌐"UPI Goes International: Travelers from Abroad Can Now Use UPI!"

[THREAD🧵] 👇

1) UPI is a technology that allows users to link more than one bank account in a single smartphone app and make fund transfers without having to provide IFSC code or account number

#UPI #G20India

2) A foreign national visiting India can now use UPI to pay for goods and services in a matter of seconds, as per the permission granted by the RBI.

3) Initially, this service will only be available in selected airports of India for visitors from G20 nations.

4) How this will work?

A foreign visitor arriving in India can visit a bank kiosk available on airports, where they can make payments to that bank in their own currency.

The bank will then create a wallet linked to UPI apps like Google Pay or PhonePe on the visitor's phone.

Read 5 tweets

Share this page!

Abhishek

People who liked this thread also liked...

Try unrolling a thread yourself!

More from @Abhishe27960014

Abhishek

Abhishek

Abhishek

Abhishek

Abhishek

Abhishek

Did Thread Reader help you today?

Don't want to be a Premium member but still want to support us?

Send Email!