Weekly Wrapup: Charging ahead
In this week's wrapup, we will talk about Ruchi Soya, India's national space agency, fuel prices, credit rating companies, ad boycotts, and the future of online education in India.
How Ruchi Soya become the hottest stock in town?
Recently, we partnered with Zerodha to bring a special edition weekly newsletter focused on India's capital markets. Unfortunately, we weren't sure how to push these updates to you folks. However starting today, we will post the stories on our weekly wrapup and you can read the draft on our website if you like the brief.
Yesterday we wrote about Ruchi Soya, a company whose stock price has seemingly exploded by a whopping 9100% in just 5 months. So if you are looking to understand how all of this transpired, click on the link right here. It's a worthwhile read if you aren't a stock market buff.
ISRO's journey to private participation and beyond
On Monday, we talked about the government's plan to get private players involved in space exploration. Here's the thing- even though space exploration offers lucrative opportunities for private players in India, the business is inherently risky. Moreover, Indian companies in the industry have a resource problem. They can't independently use the national space agency ISRO's testing facilities. They can't launch their own rockets. And there's no way they can explore space on their own.
But now, all this is about to change. Find out how here.
The Real Reason why Fuel prices are on the rise
On Tuesday, we discussed why Petrol and Diesel prices in India have been rising. The whole thing is completely absurd. Global crude oil prices have been trending downward for a while now, so why on earth have fuel prices in India remained firm? It doesn't make sense.
Unless you piece together the events that have transpired over the past few months. And if you want a simple explainer on the matter, go ahead and click right here.
Understanding Ad Boycotts
On Wednesday, we talked about Facebook and why advertisers are boycotting the social media giant. When the Stop Hate For Profit campaign gained steam in the US, a lot of advertisers pulled the plug on their Facebook and Instagram campaigns. At first, it was a bunch of clothing brands. Then major brands like Unilever joined the bandwagon as well.
And since Facebook earns most of its revenue from advertisements, this was a big problem. The company lost $60 Billion dollars in 2 days after its stock price took a beating. Mark Zuckerberg personally lost $7 Billion in the process.
But what exactly is the campaign hoping to achieve? And what does this mean for Facebook? Find out here.
Why are rating agencies making the news?
On Thursday, we talked about the biggest issues plaguing India's Credit Rating Agencies. Credit Rating Agencies are independent entities that tell you about a borrower’s state of affairs, their past history of payments, and offer you an objective assessment of their repayment ability.
But what happens when these agencies withdraw their ratings altogether? Find out here.
How is India's online education industry coping with the pandemic?
On Friday, we talked about the problems in the EdTech sector in India. When Coronavirus forced schools to shut down, the EdTech industry experienced a massive surge in user registrations and website traffic. A study of the 35 top online learning platforms revealed that the segment saw a 26% increase in user visits between April 2019 and March 2020, compared to the year before.
But does this mean India is ready for online education? Not quite. And here's why.
Well, that's it from us for now. Enjoy your weekend!
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