In 2020, BMW came up with a new idea.

An idea that would ensure they had more stable revenues.

BMW’s idea was criticized universally.

What was the idea? 👇 If you buy the higher variant of a car, it will have more features – that you paid for.

BMW’s idea was to charge a ‘subscription fee’ for some of the features.

When doctors did not wash hands 🧵👇 Bad ghosts cause illnesses.

That used to be an extremely common explanation for many centuries.

As science progressed, the blame shifted: illnesses may be caused by bad ghosts or by bad air.

[1] Fraud alert 🚨

SEBI has banned an influencer from the stock markets until further notice and ordered to deposit Rs 17.2 cr.

Here’s how he was fooling people! 🧵 [2] He created a website where he used to sell courses offering high returns in a short time span.

India's PSU banks transferred over Rs 35,000 crores worth of unclaimed deposits to the RBI 🤯

Did your grandparents leave you deposits which you might be unaware of or

You have unclaimed deposits but don't know how to claim them? 🤔

Check out this thread 🧵 According to RBI, balances in savings or current accounts which are not operated for 10 years, or term deposits not claimed within 10 years from the date of maturity are classified as unclaimed deposits.

In 2018, on an online forum, a gamer complained of hardware problems.

Gamers (people who play video games), are an incredibly passionate group of people.

They like their games – a lot.

In 2018, the gamer community was hit by an inconvenient obstacle.🧵 They weren’t able to buy graphics cards.

Graphics card – a computer component – is essential in making games’ graphics look real.

7 women borrowed ₹80 to build a papad business in 1959💰

Today, they’ve built a business worth ₹1,600 Crores🤯employing over 42,000 women

Here's the story of the meteoric rise of Lijjat Papad. A thread🧵👇 1. How did Lijjat Start?

👉Jaswantiben, along with her six friends, wanted to monetize their cooking skill

👉They took a loan of ₹80 from a member of the Servants of India Society

👉Took over a loss-making papad business and bought ingredients for papads

Some competitions are held to find the winner.

Some competitions are held simply as a formality. Everyone knows who the winner will be.

But they still hold the competition. Just to be able to say that everything was done in a fair manner.

Boeing 299 was one such plane. The first World War ended in 1918. But the tensions never went away. And as we know now, there was a second World War from 1939.

In 1903, the first plane was flown – the first ever plane.

Anjuna flea market.

Those who have been to Goa would have heard.

Every Wednesday, a large fair-like market is set up by various vendors selling everything from clothes, paintings, jewelry, earthenware, and even herbs and spices.

It’s quite a sight. 🧵 The word is that some great deals are possible – if you can bargain.

This flea market has a peculiar origin.

These days all sorts of people turn up here to sell items.

If buying a two-wheeler EV is on your wishlist, then buying it before 1st June 2023 might save you some money! 🛵

Why🤔? Because these vehicles are going to get costlier! 🤯

Wondering how and why? Here’s the answer🧵👇 The reason is reduction in FAME-II subsidy

👉How does this impact you?
👉What will be the reduction in your subsidies?
👉Why is government reducing the subsidy?

To know all this, read on👇

India currently has 16 Vande Bharat trains running on the track🚄

More than 400 are expected to be launched in the span of 3 years📈

But what makes the world's first semi-high-speed passenger train so special?🤔

Let’s explore 🧵👇 History of Vande Bharat

🔸The first Train 18 was inaugurated on February 15, 2019

🔸It ran between New Delhi-Varanasi and was given the green flag by PM Narendra Modi

🔸Its name got changed to Vande Bharat for embracing "Make In India"

In Aug 2021, Mahindra launched the XUV700.

From the day it was introduced, the car was a success.

For a car costing Rs 20 to 30 lakh for most models, the demand was crazy high.

Obviously, Mahindra was happy.

But they were also very stressed.🧵 The demand was there. The supply – that wasn’t there.

The car launched in the middle of the pandemic.

If you recall, in those days, there was a commonly spoken-of problem besides the pandemic – chip shortage.

In 2021, more than 51,030 phones were lost or stolen in Mumbai alone, but only 6.3% were recovered🔻

The thief can use your credit card information, OTPs to even wipe-off your bank account🤯

If your phone gets stolen, here's what to do🧵👇 About CEIR Website

🔸Launched by DoT with the collaboration of telecom partners and device makers

🔸Created a database of IMEI numbers in India

🔸Available across all states & UTs in India

🔸CEIR helps mobile owners block their phones and blacklist their sims remotely

‘Magic of compounding’ – sounds so boring.

Why?

Everyone in the finance industry repeats it – repeatedly.

To make things even more repetitive, in our age of social media, it gets repeated that much more often.

It almost goes from being boring to annoying. 🧵 Peter Lynch is famous for saying, “everyone has the brainpower to follow the stock market. If you made it through fifth-grade math, you can do it”.

He is also famous for advocating that investors invest only in companies that they understand.

Did you know?🤔

LIC holds 1,86,09,745 shares of Chennai Super Kings 🤯 Want to know👇

🔸How LIC invested in CSK

🔸Returns that LIC made from CSK

🔸Why IPL teams are investors delight

Then follow this thread till the end🧵

No, you are not going to pay anything extra on UPI payments.

Let’s decode NPCI’s recent announcements. A thread.🧵 2 big announcements were in the news today.

One, you can now use app wallets like Paytm and PhonePe wallets to make UPI payments.

In 1976, a small experiment was started in Jobra, Bangladesh.

This project turned out to be a SHOCK for banks ACROSS THE WORLD.

Here’s the story of the bank that is OWNED BY ITS BORROWERS!

A thread 🧵 Loans are given to the people who can pay them back.

This means you should have a consistent income source and in many cases a collateral like gold to keep as security against the loan.

WE WILL BOYCOTT YOUR PRODUCTS!

In the 1990s, Amul’s iconic mascot - the Amul girl - had made fun of Indian Airlines.

The airline WARNED Amul that it will stop supplying Amul butter on its flights. A thread.🧵 Amul is an iconic brand - started almost at the same time as the Indian Republic.

Thanks to the brilliant minds like Verghese Kurien, Amul has contributed in making our country the WORLD’S LARGEST MILK PRODUCER.

In 2020, there was a TOILET PAPER CRISIS.

It sounds both funny and concerning.

But it offers an understanding about the 2 BIGGEST BANK FAILURES in US HISTORY.

A thread on Silicon Valley Bank. 🧵 General stores keep a limited amount of stock - based on past experience.

But what happens when the demand suddenly increases?

300 years ago, India was home to beautiful handicrafts, world renowned textile, and thriving trade.

Here’s what made India the largest economy in the world for 1700 years! 🧵 The Indian subcontinent was the biggest region not just in terms of population but also in terms of its economy.

During 1 AD to the 18th century, the Indian subcontinent flourished with local handicrafts, spices, and world renowned textiles.

The offices behind rich families🧵 Bill Gates is the biggest private farmland owner in the USA.

At least that is what some estimates say — almost 3 lakh acres of land.

Yes, we’re talking of the same person — the Microsoft Bill Gates.

What is adjusted EBITDA?🧵 In its quarterly reports, Uber uses ‘EBITDA’ heavily.

Its rival, Lyft also uses EBITDA similarly.