Truecaller doesn’t care about your privacy if you’re in India - they get their hands on your personal information and monetise it.
This is the allegation Viceroy made in its report titled “Truecaller’s True Colors”. ☕️ (1/n)
A 5ml Dove sachet is priced at ₹1.50 - while a 340ml bottle sells for ₹230.
If you do the math:
• 340ml of sachets = ₹102 (68 x ₹1.50)
• 340ml bottle = ₹230
This means the bottle costs 130% more than what you’d pay for an equivalent number of sachets.
(🧵: 1/n)
🇮🇳India's mobile phones exports in—
FY18: Worth $300 million
FY23: Worth $11 billion!!
And, it's all thanks to Production Linked Incentives (PLI)
But...
The meteoric rise of UPI has pushed
#India
to become the leading country in real-time payment transactions!
Here's a look at the top ten nations by real-time payments across the world.
Entry level salary in 2010 - 3.6 lakh
Entry level salary in 2020 - 3.6 lakh
Bizarre isn’t it? Top IT companies like TCS, Infosys and Wipro continued to pay the same entry-level salary to freshers - even a decade later. 🧵
It took
#Facebook
almost 10 years to become a $200 billion company
It also took Facebook just 1 day to lose $230 billion after reporting a decline in user base.
For context, India's biggest company Reliance is worth roughly $200 Bn.
Facebook just lost one Reliance in a day!
Well the Tata group crossed a massive $300B (Rs. 22T) in total m-cap of listed entities. Here's an infographic that neatly sums up the m-cap of all their listed businesses. Thoughts?
#india
Virat Kohli just became the top scorer in T20 World Cup’s history!
Here’s an infographic celebrating his iconic brand endorsements🙌🏻
Follow
@finshots
for more insightful, creative content.
#ViratKohli
𓃵
#t20
In 2021, Oreo took Parle to court for launching a “blatant copy” of its popular white and black cookies — called Fab!o.
And the verdict is finally out! So, who won?
Well, we went through the 50-page order and broke down Oreo’s complaints into 3 parts☕️ (1/n)
UPI transactions, July 2016: ₹38 lakh
UPI transactions, July 2022: ₹10 lakh crores
UPI’s popularity in India can be attributed to 2 things at large - convenience & the fact that it’s free. (A thread 🧵)
Finshots has managed to reach more than 800,000 readers over the past 3 years.
Today, we want to give back. And to celebrate the occasion - we are giving away an exclusive Finshots Reading Kit to 1 lucky winner!
Paytm’s convenience fee on mobile recharges - ₹1-6
BookMyShow’s convenience fee on movie tickets - ₹15-30
Vistara’s convenience fee on air tickets - ₹300-700
Today, everything online comes with convenience fees. ☕️ (1/n)
Yesterday, the RBI created new money worth ₹1.71 crores. And it wasn’t notes and coins that you can touch and feel! Rather, it was all digital and part of the e₹-R (e-Rupee Retail) pilot.
So, what exactly is the e₹?
A thread 🧵
India wouldn’t be the same without Ratan Tata.
Here’s to the legendary industrialist, philanthropist and visionary — the man who always put compassion and empathy above financial gains.
Happy birthday, Sir Ratan Naval Tata.
RT & follow
@finshots
for more insightful content!
Hindustan Unilever Ltd (HUL) recently crossed a market cap of INR 5 lac crores. So, we thought why not look at how the company makes most of its revenue
Fun Fact: After writing 2 lakh+ words on the economy, finance, money matter, markets, banks, govt & the RBI, we have used the word "liquidity" a grand total of 0 times. That's right, ZERO!
So the next time anyone says you can't keep finance jargon free, point them to this tweet
- Big Bazaar's parent company Future Group faced bankruptcy
- Aditya Birla handed over More Retail to Amazon & Samara Capital
- Nature’s Basket by Godrej Group was taken over by Spencers Retail
As you can see, running a supermarket chain in India is no easy feat. ☕️ (1/n)
India saved a massive ₹41,000 crores in Foreign Exchange this year! How?
Well, India has been working hard to reduce its dependency on foreign oil. And one of the most promising alternatives has proven to be — Ethanol. ☕️ (1/n)
• Shampoo: Sachets priced between ₹2 and ₹5 make up 70% of the overall sales.
• Biscuits: ₹5 and ₹10 price packs constitute over 60% of the overall market.
People love sachets and low unit packs.
And now ITC is hopping on the trend — with smaller 5-cigarette packs!
Woahhh!!! Reliance just announces the Google Investment. ₹33,737 Crores for 7.7% stake in Jio Platforms. Will this be included as part of Google's India Digitization Fund?? Thoughts??
NR Narayana Murthy borrowed $250 from his wife - Sudha Murty to start Infosys. Today it’s an $80Bn company!
In some ways she’s one of the most successful investors in India’s startup history!
As we celebrate women’s history month, here’s to Sudha Murty — pioneer,
Mark Zuckerberg has veto power over Meta.
But with a mere 12.5% stake in the entire company, how does he get to hold the reins entirely?
A thread. 🧵(1/n)
Yesterday, a Macquarie Research report revealed that
#UPI
now forms 10% of all retail payments in India.
Here's a look at some of the top players in the UPI space by number of transactions.
Everybody’s talking about Elon Musk and the long-awaited Twitter acquisition. So here are a few other moments that defined this visionary🙌🏻
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@finshots
for more insightful content.
When Mukesh Ambani promised to make RIL net debt-free by Mar '21, they had a net debt burden of ~Rs 1,54,000 Cr Many people scoffed at this ambitious plan.
Yet, within 10 months after making the original bet, Ambani has done the impossible, 9 months ahead of schedule btw. Wow!!
The RBI hiked the repo rate about an hour ago — it’s now at 6.25%! Here’s an oversimplified explainer on how the RBI controls inflation via repo rate👇🏻
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@finshots
for more insightful content.
4% of all the stocks listed in India are owned by one company. They manage 39 lac crores of assets.
They own more govt bonds than the RBI. And by some estimates, 10% of all the household savings in India go to this company.
Dolo 650 sold whopping 350 Crore+ tablets in India during the pandemic!
Stack that lengthwise and it would be over 50000 times taller than Burj Khalifa.
But, Dolo wasn’t always our go-to paracetamol
(Hint: Crocin/Calpol)
So, what changed?🤔 🧵
Pakistan is in a torrid mess!!
☕️ Inflation is through the roof at over 24%.
☕️ The Pakistani rupee has plummeted by 32% against the US dollar in the last 12 months.
☕️ Just $3 billion in forex reserves that’ll cover less than 3 weeks' worth of imports.
(1/n)
Everyone is talking about the disruption by the Open Network for Digital Commerce (ONDC) in food delivery.
So we decided to answer some of the most popularly asked questions about it 🧵👇🏼
Sri Lanka's forex reserves have dropped precipitously, from $7.5B in Nov '19 to just $2.8B in July.
And now a lot of people are worried about Sri Lanka's worsening economic crisis.
So what's the deal? 👇(1/9)