A 3-min daily newsletter explaining the most important #financial news in a language you'll understand 🇮🇳 | Now simplifying #insurance- @joinditto
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Apr 14 • 20 tweets • 3 min read
The economics of reviving extinct animals 🧵👇 1/ How would you feel if something that died over 12,000 years ago suddenly came back to life?
Well, it sort of has. And no one in history has pulled this off before.
Here’s the wild story of how scientists almost brought back the dire wolf.
Apr 11 • 20 tweets • 3 min read
A simple explainer on tariffs and the new world order! 🧵👇 1/ If we got a rupee for every time we heard “tariff” this month, we’d be sitting on a small fortune.
Because Donald Trump has made tariffs the centrepiece of his economic strategy. Again.
But tariffs aren’t new. In fact, they’re one of the oldest economic tools in the book.
Mar 27 • 14 tweets • 3 min read
India buys over 30% of the world’s scrapped tyres! But why? 🧵👇 1/ India is one of the world’s largest tyre manufacturers, producing 20 crore tyres annually.
And we don’t just cater to domestic demand. Our tyre exports are booming too—₹12,000+ crore worth in just H1 FY25.
But here’s the irony–
Mar 12 • 13 tweets • 2 min read
IndusInd Bank lost nearly ₹20,000 crore in a single day! What went wrong? Let’s break it down 🧵👇
1/ Earlier this week, IndusInd Bank admitted to an accounting issue related to its derivative transactions. 2/ Because of this, the bank had to adjust its valuation down by ₹1,500–2,000 crore.
Mar 11 • 11 tweets • 2 min read
UPI Transactions No Longer Free? 🧵👇
1/ UPI has undoubtedly reformed the digital payment landscape, especially by keeping transactions free for both merchants and users. 2/ But that could change as Fintechs have requested the government to reintroduce MDR (Merchant Discount Rate)—a fee merchants pay for real-time payment processing on UPI and RuPay Debit Cards.
Mar 11 • 18 tweets • 3 min read
Do we need 24 hour stock markets?🧵👇
1/ Until 1952, US stock markets used to work 5.5 days a week!
Then, they switched to a 5-day schedule but added 30 minutes to weekday trading hours to compensate.
But now, markets are expanding again—almost 24/5. 2/ Over time, trading hours gradually increased:
- 1974: NYSE extended its closing time from 3.30 PM to 4 PM.
- 1985: Opening time shifted from 10 AM to 9.30 AM.
- October 2024: NYSE Arca announced plans for 22-hour trading.
Mar 1 • 11 tweets • 2 min read
1/ Running an airline is tough. Costs are high, competition is cutthroat, and profits are rare. Just ask Jet Airways or Go First. Even Air India needed a Tata bailout.
But amid all this, one airline seems to be making a comeback—SpiceJet. Here’s how. 🧵👇 2/ For years, SpiceJet was in trouble—debt-ridden, losing market share, and struggling to stay afloat. But in Q3FY25, it turned a profit of ₹26 crores. A huge shift from its ₹300 crore loss in the same quarter last year. So, what changed?
Feb 7 • 13 tweets • 3 min read
1/
Is Volkswagen being forced to leave India by the government? 👀🚗
The govt is asking them to pay up $1.4 billion in taxes!
But why? Find out below 🧵👇 2/
Indian tax authorities claim that Volkswagen owes them huge import duties.
It all comes down to how they import car parts. Let’s break it down.
Automakers like Volkswagen don’t build cars from scratch in India. Instead, they source parts from all over the world.
Think of it like assembling an IKEA table—you get multiple parts from different places and put them together.
Feb 7 • 7 tweets • 2 min read
1/7
RBI cuts repo rate by 25 basis points to 6.25%, a first in 5 years!
What does this mean for you, your loans, and the economy?
Let’s break it down in simple terms🧵👇 2/7
The RBI’s Monetary Policy Committee (MPC) just cut the repo rate by 25 basis points to 6.25%. This is the first rate cut in five years!
But what is repo rate? 🤔
It’s the interest rate at which the RBI lends money to banks. When this rate goes down, borrowing becomes cheaper, making loans more affordable.
Aug 29, 2024 • 6 tweets • 3 min read
Reliance Industries 2024 AGM just ended!
The only thread you need to know EVERYTHING about RIL AGM 2024
1/n
🧵👇
Updates about Jio Telecom
-Jio now world's largest mobile data company with a 490-million users, on average consuming over 30 GB of data monthly
-Jio's network carries nearly 8% of global mobile traffic.
-Jio users to get up to 100 GB of free cloud storage, to store and access photos, videos, documents, all other digital content, and data
2/n
Jan 10, 2024 • 5 tweets • 1 min read
Boeing is in trouble, and a deal it struck around 25 years ago is to be blamed.
What?!! 👀👇🏽
You see, Boeing started as an "engineers" company.
But then in 1997, the aircraft manufacturer merged with McDonnell Douglas and things started to change.
The new entity started focusing more on affordability, rather than quality.
Dec 18, 2023 • 10 tweets • 2 min read
The RBI made ₹2.20 lakh crores profit in FY23!
How on earth did it achieve this? 🧵👇🏽
Well, through something called ‘seigniorage’.
Think about it this way—
If the RBI prints a ₹100 note and gives it to a bank for circulation.
Dec 7, 2023 • 9 tweets • 2 min read
Nov 2022: Valued at $450 Mn, ZestMoney was all set to be acquired by PhonePe.
Dec 2023: ZestMoney shuts down!
What changed?
🧵👇🏼
2023 hasn’t been kind to ZestMoney–
The funding dried up;
PhonePe backed away from the acquisition;
And even the 3 founders resigned in May.
The reason?
Aug 25, 2023 • 9 tweets • 2 min read
🚨Retail inflation hit an alarming 15-month high of 7.44% in July 2023!
To give you some perspective, the RBI is expected to keep inflation between 4-6%. Now this could be a challenge for us. So, what should you do to protect your finances?🤔
Here are 3 things to know 🧵👇🏽
✅TRACK YOUR SPENDING
Bucket all your expenses into broad categories— rent, electricity, phone bills, personal care, groceries, childcare, fuel, subscriptions, transportation, house maintenance etc.
Aug 19, 2023 • 10 tweets • 3 min read
In 1995 Steve Jobs became a billionaire. But..
It wasn't because of Apple😲! Surprising, right?
Well, here's the story of what happened 🧵👇🏽
(Like❤️& RT🔄️)
See, the story starts in 1986 when after being forced out of Apple, Steve Jobs acquired Pixar from filmmaker George Lucas for a mere $5 million. And further invested another $5 million in the company.
Jul 6, 2023 • 7 tweets • 2 min read
The A B Cs of Recession Recovery 🧵👇🏼
(Don't forget to Like and RT this tweet)
Jun 20, 2023 • 9 tweets • 2 min read
YES Bank saved millions! All thanks to English Grammar 🤯
Sounds bizarre, doesn't it?
But believe it or not, that's precisely what happened 🧵👇🏼
In 2020 Cantor Fitzgerald, a US-based financial services firm, sued Yes Bank in a court in London. They claimed that Yes Bank owed them a 2% commission for helping the bank in financing its FPO (Follow-on Public Offering).
Jun 19, 2023 • 5 tweets • 2 min read
"Please make a term calculator"
"When will you launch a term calculator?"