Once valued at $22 billion, Tech startup Byju’s is now facing bankruptcy. Founder Brendan has lost immediate operational control following an insolvency petition filed against it by India’s powerful Cricket Board, BCCI. This comes months after key investors sought to oust him from the company he founded. BCCI dragged Byju’s former sponsorship partner of the … Read more
Zomato, the food delivery giant, has delivered 3 times returns in 3 years to its IPO investors. The IPO price band was Rs. 72 to 76 per share when it closed on July 16th, 2021. While now, the stocks of Zomato closed around Rs. 230 on Monday, up 200% from its initial public offering. Zomato’s … Read more
The European Union has accused Elon Musk’s X.com, previously known as Twitter, of multiple violations of the Digital Services Act. Blue Check Mark Controversy The EU alleges that Musk’s X platform misleads users with its blue check marks for certified accounts and violates EU content rules. Regulatory Concerns on Account Verification An EU Commission spokesperson … Read more
Gold has outshone Indian equity markets in the past 6 months. While the NSE Nifty has risen close to 14% in the last 6 months, the yellow metal has surged by 18%. Factors Driving Gold’s Surge Gold prices surged to an all-time high in mid-May driven by robust safe haven and hedge fund purchases. This … Read more
Bitcoin’s price jumped above $63,000 after an assassination attempt on former US president Donald Trump. Incident at Pennsylvania Rally Take a look at what happened: Trump was shot at a rally in Pennsylvania but is reportedly fine. This incident boosted his chances of winning the presidential election, leading to a surge in bitcoin’s value. According … Read more
Alphabet, the parent company of Google, is close to buying Israeli cybersecurity startup Wiz for about $23 billion. If the deal goes through, this would be Alphabet’s biggest acquisition ever. According to media reports, most of the payment will be in cash, and the deal might be finalized soon. What Is Wiz? Wiz is a … Read more
We just got a report stating that inflation is decreasing, but not quickly enough. Many people don’t realize why this is crucial. First off, people are running out of money as savings rates drop. Secondly, higher inflation means interest rates will stay elevated longer, affecting our government, businesses, and spending. Lastly, high inflation is slowing … Read more
The only people that brag about their credit scores are broke people, confused people, and people that are trying to sell you something. Unlike what the majority of people think, your credit score is not a measure of how much money you make, it’s not a measure of how rich you are, and it’s definitely … Read more
Assets put money in your pocket. Liabilities cost you money. The more assets you have making money for you, the richer you are. This is the fundamental rule of getting rich. But that said, here are 15 assets that are making the rich even richer. Cash Starting off at number one, cash—straight up cash put … Read more
Vanguard just came out with their latest study where they share their views on how the stock market in the various segments are going to do over the coming 10 years. It’s important reading that I want to share with you. Unfortunately, the news is not good, but they actually came out with 2 reports. … Read more