Finshots Daily

In today's episode we talk about a bountiful oil field and why India let it slip through its fingers

The value of Bitcoin crashed recently after Elon Musk made a very public announcement regarding the cryptocurrency. It came out of the blue and it left everyone surprised.

So in today’s episode, we look at the announcement itself and see why Elon Musk risked antagonizing millions of crypto investors all of a sudden.

Last week, DMart posted its results for the March quarter and while profits jumped 55% compared to the same period last year, the stock price didn’t reflect these changing dynamics. So what’s happening here? Why aren’t investors upbeat about the company’s prospects despite these changing fortunes?

Well, in this episode we discuss this and more.

Softbank just recorded an annual profit of $43 Billion. And while it was mainly driven by the company’s investments in high profile startups, this marks a spectacular turnaround for Softbank who only last year recorded losses to the tune of $13 billion. So it’s imperative to ask — Have Softbank and Masayoshi Son, its enigmatic founder, finally turned a corner? Is the company the greatest venture capital investor of all time?

Well, that’s what we try and find out in today’s episode.

After we spoke out edible oil yesterday, multiple people wrote to us asking about the general increase in commodity prices. We are talking about things like iron ore, copper, and wood. And while we’ve already talked about some of these items in the past, we still thought it would make sense to look at some of the other factors affecting the demand-supply equation. So in today’s episode, we talk about the global economic recovery and how it’s pushing commodity prices to stratospheric levels.

In today's episode we look at why edible oil is so damned expensive these days

On April 28, 2021, SEBI introduced a new rule. They mandated key employees of asset management companies i.e. mutual fund companies to invest about 20% of their salary in the schemes they run or oversee. They’ll have to tie it up for 3 years or for the duration of the scheme, whichever is shorter.

Basically, it’s a diktat forcing fund managers and other key personnel to have their skin in the game. But what is skin in the game?

Zomato is finally going public and the Draft Red Herring Prospectus — detailing the company’s financials and business prospects, is now out there for the world to see. And since there’s absolutely no way we will be able to cover everything inside the prospectus, we will focus on just one thing - Unit Economics. Basically, trying to see if Zomato has finally found a way to fulfil an order without spending more money than it earns.

These are a few useful COVID resources. 

It’s been a tough couple of weeks this and we want you to know that our thoughts and prayers are with you and your families. I have no doubts that we will emerge from this crisis stronger than ever. But until then, I hope you take care of yourself, stay indoors and get yourself and your family members vaccinated, whenever an opportunity does arise.

In the meantime, here is our latest story on AI regulations and what this might mean for the industry.