FINACE - ACE THE WORLD OF FINANCE(JUNE EDITION)

HIGHLIGHTS

LIC Share Price to improve as the
Market Condition stabilises

I2U2 Summit: India, Israel, UAE and
USA to form new bloc

TDS, now charged on doctors and
social media influencers

Indian Funds rise at Rs 30,000 crores in
Swiss banks

Tencent buys Flipkart stake from Binny
Bansal

Advisory issued against ADS
promoting online betting

Vodafone Idea raises Rs 436 cr People in Pakistan urged to
from Vodafone Group consume fewer cups of tea to

save Economy

FOLLOW US : JUNE
/ finanza.dsc EDITION

/finanzadsc.com 2022

ISSUE • 30 JUNE 2022 • SUBSCRIBE

1 FROM OUR MENTOR'S DESK II
2 Meet the team
III

3 Corporate and startups 1

CONTENT 4 Financial entrepreneur N4
5 Personal finance
5

6 Financial facts you didn't 6
know 7

D7 Highest Lost Making Startups

8 India 9

9 World E11
10 Miscellaneous
12

11 Voice your opinion 13
12 Financial Metrics
13 Financial Aptitude X14
14 Lights camera and finance
15
16

"When you INVEST , you are buying a "

day you don't have to work"

PRINCIPAL'S
CORNER

PROF.V.K.PALIWAL

Professor VK Paliwal, Ph.D., the esteemed principal
of our college, has been a valuable support for
Finanza. He is currently the officiating principal of
Dyal Singh College, University of Delhi . He has been a
valuable support for our society Finanza.

He was felicitated with the full bright Nehru Senior
Research Scholarship, USA in 2010-11. He has been
awarded the best Ph.D. thesis award in Material
Sciences-G. C. Jain Memorial Prize in 2005. He has
published numerous articles in national and
international journals and attended several
conferences as well.

Team Finanza is elated to work and learn under his
supervision and guidance. We sincerely thank Sir for
his unconditional support and guidance.

Team Finanza
Session 2022-23

I

FROM
OUR
MENTOR'S DESK
DR. RITA NAGPAL

( TIC , FINANZA )

Finanza, the finance society of With each new edition of
Dyal Singh College is a
voluntary group of students the newsletter, I hope
aiming to disseminate
quintessential knowledge on that our society creates
finance and related aspects
through the conduct of its the best content for you
activities throughout the year.
Since its inception in 2015, to make it not only
society has traversed a great
path to grow in size, scope and informative but also
shape to make it more
engaging for its members and interesting and
community. Members of
society have diversified relatable. Society
themselves in all manners. Be
it organising multifarious promises to be
events or hosting regular
speaker sessions with eminent unfettered in efforts to
personalities, the society has
managed to build a reputation make finance easy and
of its own.
simple for you. With the

hope that these pieces

help you enhance your

knowledge, I wish that

you have a pleasant

reading experience.

II

ANURAG TEWARI PRESIDENT

2022 - 23 Finanza has always been a
bunch of enthusiastic
individuals who have
strived to impart
knowledge in the most
simple yet effective
manner. Our efforts are
aligned with our vision of
enhancing the financial
intelligence of the youth.
We strive to create an
environment where people
can grow and learn to lead
their lives as more socially
and financially responsible
individuals. Stay safe! Stay
informed!

PUNITA PUNANI VICE
PRESIDENT

III

DEBROTO ANANAYA
MANDAL
(NEWSLETTER HEAD) KHARBANDA

(HUMAN RESOURCE
HEAD)

MEET THE TEAM KANISHKA PANDEY TARANG CHAUDHARY SHREYANSH
(PROJECT LEADER) (PROJECT ARYA

COORDINATOR) (EDITOR-IN-CHIEF)

MANYA JUNEJA YASH
KULSHRESTHA
(PROJECT SUPERVISOR)
(PROJECT SUPERVISOR)



VARUN TEESHA ANJALI
SONI ARORA JAIN

(PROJECT SUPERVISOR) (PROJECT SUPERVISOR) (PROJECT SUPERVISOR)

RESEARCH & CORPORATE VIHANA MRIDUL
RELATIONS BHARGAVA GARG

DEEPSHI
BANSAL

NIHARIKA LEEPAKSHI NAMAN ADITI
PAHWA KHANNA GOYAL UPADHYAY

EDITORIAL VANSHIKA
TEAM GARG

ISHIKA YASH ANJALI
MEHRA SETHI SINGH

GRAPHIC
TEAM

SHRISTY
PRIYA

IV

CORPORATE

&STARTUPS
Unicorns to take on lease 8.1 mn sq ft office space in 2022-24
India has already seen about 15 new unicorns so far this year and the number is only
going to rise in the future. Now as the number of unicorns rises, they will require more
and more office space as their business expands.A ccording to property consultant
Colliers India, unicorns are likely to take on lease 8.1 million square feet of office space
during 2022-24 period across six major cities. As a result, the total office space occupied
by unicorns would reach about 14 million square feet by 2024, a two-fold rise from the
current level. Also, Bengaluru remained the top startup hub with a 34% leasing share
during 2019-22, with Koramangala, HSR and Indiranagar being the preferred locations
for startups. READ MORE

Tata Motors sorts to restore it's net debt to zero

Tata Motors wants to restore the profitability of its automobile business and get to near zero
net debt by the financial year 2022. The company has been a laggard among listed Tata Group
companies till now as it reported a net loss of Rs 1,032 crore in the quarter ended March 2022
as against net loss of Rs 7,605 crore during the previous quarter ended March 2021.The
primary reason of Tata Motors' net loss being low sales of its British subsidiary Jaguar Land
Rover vehicles.
Tata Motors’ free cash flow (automotive) in the year was negative at Rs 9,472 crore but
according to the chairman, it showed strong sequential recovery and the business ended with
strong free cash flows of Rs 1,879 crore. Thus, Tata Motors plans to restore the profitability of
this business as it returns to competitive growth and inflation stabilises. READ MORE

LIC Share Price to improve as the Market Condition stabilises

The mega Rs 21,000-crore share sale of LIC took place amid challenging condition that has
seen the stock lost about a quarter of its value. Since the market is down due to factors such
as the war, global risk-off in financial assets, and monetary tightening the share prices have
been dipping continuously. But as the market improves, LIC share price will also improve.
Long-term investors should be patient as the long term game seems so solid for LIC as the
insurance behemoth plans to retain its market share and aims to further penetrate to tier II &
tier III towns in the next 5 years and it also recruited a CFO, a head of investor relations and

are in the process of recruiting a chief digital officer. READ MORE

Airtel launches its first multiplex in the Metaverse

Airtel unveiled its first multiplex on the Partynite Metaverse platform. The Xstream
multiplex is an extension of Airtel’s Xstream Premium offering, which recently achieved a
2-million subscriber milestone within 100 days of its launch.
The Xstream multiplex will be a 20-screen platform with access to content portfolios from
leading OTT partners available on the application and it will enable sampling of top original
shows and movies with content pieces such as the first episode of an OTT original or initial
minutes of a movie in regional languages, besides English and Hindi. Viewers can get
complete access upon subscription of a plan.
The idea was conceived by Essence, Airtel’s integrated media agency of record, and
developed by Gamitronics, the creator of Partynite, a blockchain-powered digital parallel
universe. READ MORE

1

CORPORATE

&STARTUPS
Delhivery launches 'same-day delivery' service in 15 cities
Integrated logistics player Delhivery has launched "guaranteed same-day delivery"
service in 15 key cities in the country to help direct to-consumer (D2C) brands deliver their
orders the same day. Under the new service, orders recieved as late as 3 am will be
delivered on the same day.
As part of the service, Delhivery will partner with brands and identify fast-moving SKUS
(Stock Keeping Units) or product, which will be stocked in warehouses within the city,
close to the end consumer. When a consumer places an order on the brand's webstore,
Delhivery's technology will show the fast-moving SKUs available for the 'guaranteed
same-day delivery', the company said in a release.Once the order is placed, Delhivery's
technology will allocate the consumers' orders to the nearest in-city warehouse, it said.
READ MORE

Maruti invests 2 crore rupees in Indian skincare startup Google agrees to pay for
Sociograph Solutions Wikipedia content
Mamaearth eyes $3 billion
The country's largest carmaker Maruti Google has agreed to pay Wikipedia for
Suzuki India has invested around Rs 2 valuation content displayed by its search engine,
crore in Sociograph Solutions Pvt Ltd mirroring deals the US tech giant has
(SSPL), a startup specialising in Sequoia Capital-backed Indian skincare struck with news outlets in Europe. The
artificial intelligence. The investment is startup Mamaearth is in talks to raise Wikimedia Foundation, the charity that
part of the company's Mobility & atleast $300 million in a planned IPO next oversees the online encyclopedia, said
Automobile Innovation Lab (MAIL) year and is seeking a valuation of around Google was the first paying customer for
initiative to support startups with $3 billion based on sales growth and its commercial venture Wikimedia
promising mobility solutions, Maruti future revenue potential. Enterprise, which it launched last year.
Suzuki India Ltd (MSIL). The company The Internet Archive, a non-profit that
plans to use the visual artificial Founded in 2016, Mamaearth has become runs a site called the Wayback Machine
intelligence platform of SSPL called popular in india with its range of "toxin- that saves snapshots of websites and is
Dave.AI, with an aim to enhance the free" products such as face washes, used to fix Wikipedia links will be offered
digital sales experience of its shampoos and hair oils it competes with the commercial services for free.
customers. Unilever's india unit, Hindustan Unilever,
and Procter & Gamble Co in the booming Google uses material from the site for its
READ MORE personal care industry. The company was knowledge panel-a sidebar that
last valued at $1.2 billion in January this accompanies the main search results.
year when it raised fresh funds from However, the source of the information
Investors including Sequoia and is not always shown, a practice that had
Belgium's Sofina. The company is also in sparked complaints from Wikimedia.
talks with JP Morgan Chase, India's JM Also, Google has previously given money
Financial and Kotak Mahindra Capital to to Wikipedia through donations and
appoint them as bookrunners to the deal,
the sources added. grants also. READ MORE

READ MORE

2

CORPORATE

&STARTUPS

Card-based fintech in dire conditions with PPI lending ban

Fintech firms such as Jupiter, EarlySalary and KreditBee have temporarily stopped customers from making any transactions on their
prepaid cards after RBI recently banned the industry from loading credit lines on prepaid payment instruments (PPIs).
Some partner banks of these card-based fintech firms may also stop supporting their bank PPIs to these platforms after seeking a
clarification from the RBI, the people said.
Card-based fintech firms such as Slice, Uni, Kissht and LazyPay are also likely to be severely impacted, with their business models now
questioned .
Some fintech firms are thinking of re-issuing credit cards as some partner banks log out to comply with RBI's communication.

READ MORE

Vodafone Idea raises Rs 436 cr from Vodafone Group

Vodafone Idea, jointly promoted by Vodafone Group and the Aditya Birla Group, will raise Rs 436.21 crore from its UK
parent at Rs. 10.20 a unit, as the cash strapped telecom operator aims to mop up all the funds it could to invest in its
network and prepare for the upcoming spectrum auctions.

In a filing to the Bombay Stock Exchange, the loss making telco said that its board had approved the fund raising "by
way of issuance of either: (a) up to 42,76,56,421 Equity Shares of the face value of Rs. 10/- each; or (b) up to
42,76,56,421 Warrants convertible into Equity Shares, to Euro Pacific Securities Ltd. (a Vodafone Group entity and

promoter of the Company), on a preferential basis". READ MORE

Air India plans to add more than 200 planes to its fleet in 4-5 years

Air India is planning to scale up its fleet by more than 200 planes in the next 5 years with 70% of the orders
being narrowbodied planes while 30% being widebodies. For this it is in talks with both Airbus and Boeing. The
carrier is said to be considering an order for the European company's A350 wide-bodied planes. If that happens,
it would be its first aircraft order since 2006 by the recently privatised airline. It would also make Air India the
first Indian airline to order the A350, which is gaining popularity among global carriers for fuel efficiency.

The Tatas acquired the loss-making, deeply indebted airline from the government after a competitive bidding

process in October last year. READ MORE

Tencent buys Flipkart stake from Binny Bansal

Chinese technology giant Tercent has acquired a stake worth $264 million in Walmart-backed
Flipkart from its former co-founder Binny Bansal. Post the transaction that was completed in October
last year, Tencent holds 0.7% stake in Singapore-incorporated Flipkart Bansal now holds 18% in the
company.

IPO-bound Flipkart's valuation surged to $37.6 billion in July last year, when the company raised $3.6
billion in a funding round led by several investors, including CC, Canada Pension Plan Investment
Board (CPP Investments), SoftBank Vision Fund 2 and Walmart. Bengaluru-headquartered Flipkart is
aiming for a valuation of $60-70 billion for its IPO after having raised its earlier target of $50 billion .

READ MORE

Innova Captab likely to file for a massive ₹900-crore IPO

Drugmaker Innova Captab will soon file a draft red herring prospectus with market regulator Sebi for a ₹900-crore initial
public offering. The Mumbai-based company is engaged in contract development and manufacturing of generic
formulations. It is looking to raise ₹700-900 crore and it will have a fresh issue and offer for sale component. The
company has appointed JM Financial and ICICI Securities as bankers to the issue.

The company has considerable presence in the acute and chronic therapeutics segment, especially in cardio metabolic,
respiratory, neuroscience, infectious diseases and vaccines. It is present across the entire pharma value chain that

includes research and development, manufacturing, drug distribution, marketing and exports.READ MORE

3

FINANCIAL
ENTREPRENEUR

Gautam Shantilal Adani is the chairman and founder of the Adani Group,
an Ahmedabad-based multinational conglomerate involved in port
development and operations in India. Adani is also the president of the
Adani Foundation which is primarily led by his wife, Priti Adani.
Born 24 June 1962 Adani is regarded as the Indian billionaire
industrialist and philanthropist. According to Forbes and Bloomberg
Billionaires Index, Adani is the second richest person in India and Asia
and the 9th richest person in the world with a net worth of US$92.7
billion, as of June 14, 2022.

Education: Sheth Chimanlal Nagindas Vidyalaya school in Ahmedabad
Gujarat University; Bachelor’s Degree in Commerce, but dropped out
after 2 years.

TIMELINE

1978-1981- Diamond sorter in Mumbai for Mahendra Brothers

1981-1985: Operations Manager at his elder brother’s plastic unit or Adani’s gateway to global trading

1985: Started importing primary polymer’s SSI’s.

1988: established Adani Exports, now known as Adani Enterprises, the holding company of the Adani
Group.

1991: Economic LPG’s policies favoured him in expanding the business

1994-95: Government of Gujarat announced managerial outsourcing of the Mundra Port and in 1995,
Adani got the contract with operations being transferred to Adani Ports and SEZ

1996: Adani Power founded

2006: Adani entered the power generation business.

2009-2012: Acquired Abbot Point Port in Australia and Carmichael coal mine in Queensland.

May 2020: Adani won the world's largest solar bid by the Solar Energy Corporation of India (SECI)
worth US$6 billion.
September 2020: Adani acquired a 74% stake in Mumbai International Airport.

February 2022: Became Asia's richest person, surpassing Mukesh Ambani.

May 2022: Adani family acquired Ambuja Cements and its subsidiary ACC from Holcim Group for
$10.5 billion, through an overseas special purpose entity.

4

PERSONAL
FINANCE

How to save more when

inflation makes your money

count less?

INVESTMENT BY HEDGING

A safe bet amid skyrocketing inflation.
When inflation remains above the tolerance level for a long time, it impacts the
value of savings leading to reduction in purchasing power of the money. Similar
conditions are being seen in the Indian economy and in this situation
investment by hedging may provide an additional cushion to your money.
Effective strategies to hedge against inflation and protect value of
investments so as to stay ready for sudden declines in currency rates:

1.) GOLD

Investment in gold is traditionally considered the best hedge against inflation.
Gold certainly is a safe area for a steady gain during the time of crisis as its
prices rally during a high inflationary economic scenario.
If you look at the returns gold has given in the last 10 years, it is phenomenal.
The yellow metal has appreciated by 134 per cent in the last decade. Thus,
investment in gold could be considered a perfect alternative investment to
hedge against inflation.

2.) EQUITY

Equities tend to do well in inflationary environments because corporate
earnings also grow strong, especially in sectors like energy, power, FMCG and
pharma. However, the 60-40 stock-bond equation is the safest and most
conservative mix in an investment portfolio to counter high inflation rates.
Over the last 10 years, the NIFTY 50 index has generated total returns of
15.98% per annum for 60% of the time for a 19 year investment horizon.

3.) INTERNATIONAL EQUITY EXPOSURE

Having international exposure can be a very effective strategy during tough
economic conditions like inflation. While many economies in the world are
impacted due to the United States market indices, major economies like Italy,
Australia and South Korea remain least affected. Investing in stocks and bonds
in such markets can provide investors with an opportunity to generate good
returns.“

4.) REAL ESTATE

With the rate at which India is growing, real estate would be at the forefront.
Private investment in the sector is increasing. Investing in real estate,
therefore, comes with multiple advantages. Similar to commodities, hard
assets like real estate tend to increase even more in an inflationary
environment.
In the last decade (2010-2019), property rates in major cities like Delhi, Kolkata
etc. has climbed by an average of 38 per cent showing that real estate is

certainly an alternative to hedge against inflation. READ MORE

5

If you look closely the world of finance and investment is filled with facts that will leave you

speechless.

1.In June 1993, when the Infosys IPO came 9. David Rockefeller entered the People's
out it was undersubscribed. Republic of China in 1973, making history as
the country's first American bank executive.

2. In 1970-71, income tax was spread over 10. Anil Ambani's net worth briefly exceeded
11 slabs where 97.75% was the highest Mukesh Ambani's by around Rs 500 crore in
income tax slab. 2006, a year after the Ambani brothers
divided their riches.Forbes estimated
3. The successful investor, Warren Buffett, Mukesh's wealth to be $49 billion and Anil's to
made 99.6% of his $87.5 billion fortune after be $45 billion in 2007.
the age of 52.
FINANCIAL 11. The world's first bank was founded in
4. Apple Inc’s market cap was more than Rs FACTS 1472, named Monte Dei Paschi di Siena in
164 lakh crore in 2020 which was higher than YOU Italy
the entire BSE 500 companies. DIDN'T
KNOW 12. JP Morgan is in charge of $2.2 trillion worth
5. The same year i.e., 2020 saw all-time high of assets, which is greater than India's GDP.
fundraising through the public equity markets
at Rs 1,77,468 crore. 13. Gold that is held in physical form or through
gold funds is subject to a long-term capital gains
6. Apple's investment and cash is now equal tax (LTCG) of 20% with indexation, but gold bonds
to the GDP of Hungary and more than that of that are held until maturity are not.
Iraq as well as Vietnam.
14. When Mastergain 92 was launched in the
7. Before the creation of the U.S. Federal midst of a stock market boom in 1992,
Reserve in 1908, individual banks used to Prospective investors slept outside the offices of
create their own money. UTI to collect the application form.

8. In November 2008, Zimbabwe 15. The settlement of stock trades may take
experienced the worst inflation in the world- more than a month back when shares were
6.5 sextillion percent, having 20 zeroes. still exchanged in tangible form in the 1980s.
The settlement process was shortened to 14
days after the introduction of electronic
matching engines in the mid-1990s. The
process now takes two days.

6

HIGHEST LOSS MAKING

OLA:

1.Ola Cabs, an Indian multinational ridesharing company founded by Bhavish Aggarwal (CEO) and Ankit Bhakti (CTO),
headquartered in Bangalore extended into its first overseas market in January 2018. It’s holding company ANI
Technologies operates various services as well. And owns a 6% stake in the electric scooter manufacturing company
Ola Electric.
2.Year of Commencement: December 3rd, 2010
3.Ola accumulates loss as revenue shrinks 63% in FY21
Ola’s collections faced a higher erosion of 63%, amounting to Rs 983.2 crore of operating revenue during the fiscal
ended in March 2021 amidst the global pandemic.
Ola Ride-hailing was the largest operating segment for the company, accounting for 90% of the revenue during FY21.
This segment suffered enormously: it saw a 57.8% drop in collections, reducing to Rs 884.3 crore in FY21 as compared
to Rs 2,096.1 crore in FY20. Its cloud kitchen and financial services business collectively generated Rs 65.6 crore in
FY21.
Ola made a loss of Rs 982 cr on ride-hailing and cab-leasing business. Ola’s marketing spends shrank 72% in FY21.

4.Loss in FY 2021-22 –– Rs. 1140 CR READ MORE

SWIGGY:

UNACADEMY: 1.Ola Cabs, an Indian multinational ridesharing company founded by Bhavish Aggarwal (CEO) and Ankit Bhakti (CTO),
headquartered in Bangalore extended into its first overseas market in January 2018. It’s holding company ANI
Technologies operates various services as well. And owns a 6% stake in the electric scooter manufacturing company
Ola Electric.
2.Year of Commencement: December 3rd, 2010
3.Ola accumulates loss as revenue shrinks 63% in FY21
Ola’s collections faced a higher erosion of 63%, amounting to Rs 983.2 crore of operating revenue during the fiscal
ended in March 2021 amidst the global pandemic.
Ola Ride-hailing was the largest operating segment for the company, accounting for 90% of the revenue during FY21.
This segment suffered enormously: it saw a 57.8% drop in collections, reducing to Rs 884.3 crore in FY21 as compared
to Rs 2,096.1 crore in FY20. Its cloud kitchen and financial services business collectively generated Rs 65.6 crore in
FY21.
Ola made a loss of Rs 982 cr on ride-hailing and cab-leasing business. Ola’s marketing spends shrank 72% in FY21.

4.Loss in FY 2021-22 –– Rs. 1140 CR READ MORE

1.Originally created as a YouTube channel in 2010 by Gaurav Munjal, Unacademy was founded by Roman Saini,
Gaurav Munjal, Hemesh Singh in 2015 as a company and is headquartered in Bangalore.
With a network of over 12,000 educators, it offers preparation material for various exams. The lessons are in
the form of free videos, and via subscription.
Under its educational programme called 'Legends on Unacademy', many noteworthy personalities have taught
learners through live sessions.
2.Year of commencement –– 2015
3.Unacademy’s Loss Soars By 494% In FY21; Same Period Revenue Surges By 514.6%
Unacademy’s expenses rose by 349% for FY21. It posted a total expense worth INR 2,029.9 Cr in FY21 as
compared to INR 452 Cr it incurred in FY20.
One of the major reasons behind Unacademy’s rise in expenses is because of the significant rise in their
employee benefit expense. The startup posted INR 748.4 Cr in employee benefit expense in FY21 as against
INR 119.7 Cr it clocked in FY20.
The startup saw its revenue operations soar by 514.6% in FY21. It clocked INR 397.6 Cr from operations
revenue in FY21, a major uptick from INR 64.7 Cr it posted in FY20.

4.Loss in FY 21-22 –– Rs 1571 CR READ MORE

7

HIGHEST LOSS MAKING

PAYTM:

1.Paytm is India's leading financial services company that offers full-stack payments & financial solutions to consumers,
offline merchants and online platforms.
2.Year of commencement –– 2010
3.Paytm's consolidated loss mounts to Rs 2,396 crore in FY22
One97 Communications which runs the digital payments brand Paytm reported a consolidated loss of Rs 2,396.4 crore
for fiscal year 2022, about 41% wider than the previous year’s Rs 1,701 crore.

Consolidated revenue for the year ended March 31 grew 65% to Rs 5,264.3 crore from Rs 3,186.8 crore in FY21, as per
filings made with stock exchanges as its stock rose 3.3% to close at Rs 572 on the National Stock Exchange. The
company’s revenue from operations rose 89% year on year to Rs 1,541 crore.
Total expenses for the financial services provider were Rs 7,601.1 crore in fiscal 2022, up 59% from the year before,
with payment processing charges and employee benefits contributing a huge share to the company’s total cash burn.

The company said it is on track to break even by September 2023. READ MORE

PHONEPE:

1.PhonePe is a mobile payment platform using which you can transfer money using UPI, recharge phone numbers, pay
utility bills, etc. PhonePe works on the Unified Payment Interface (UPI) system and all you need is to feed in your bank
account details and create a UPI ID.
2.Year of commencement –– 2015
3.PhonePe's revenue grew 85% in FY21, losses drop by 44%
The 85% YoY (Year-Over-Year) revenue growth was due to a rise in transactions. PhonePe has a lion's share of the
volumes on United Payment Interface and Bharat Bill Payment System.

Walmart-owned digital payments firm PhonePe reported a drop of 44 per cent in losses for the financial year 2021
(FY21) on a standalone basis as compared to the previous fiscal. The operational losses, excluding the Employee Stock
Ownership Plan (ESOP), costs stood at Rs 888 crore in FY21 versus Rs 1,570 crore in FY20, according to regulatory
filings by the company.
The company’s entry into financial services is going to play a key role in the firm becoming profitable and going public.

4.Loss in FY 21-22 –– Rs 1763 CR READ MORE

FLIPKART:

1.Flipkart Private Limited is an Indian e-commerce company established in 2007. It started with a primary focus on online book
sales and soon, expanded to lifestyle products, electronics, home essentials and groceries. Today, Flipkart is the biggest online
Indian marketplace competing with the world leader Amazon.
2.Year of commencement –– July 2007
3.Flipkart losing while revenue is growing
Walmart said in its regulatory filing that it expects the ongoing operations of Flipkart to negatively impact fiscal 2019 and 2020
net income, including additional interest expense due to the long-term debt issuance in the second quarter of fiscal 2019.
However, even though Walmart’s acquisition of Flipkart was mostly seen as an easy entry into the Indian market, it is necessary
to identify why Flipkart is worth backing despite the fact that its losses keep on rising.
For instance, in FY19, Singapore-based Flipkart Group reported consolidated revenue of INR 43615 Cr, a 42% Y-o-Y increase.
At the same time, its losses decreased to INR 17231 Cr, a 63% Y-o-Y fall.
Growth has slowed down from 50% to 42%. While it is still a very healthy growth, losses remain a key cause of concern.
Interestingly, several startups and investors have emphasized on their hunt for the path to profitability. But profits are a distant
sight for Flipkart at this moment, especially as it improves its vertical presence across fresh produce and food products.

4.Loss in FY 21-22 –– Rs 2941 CR READ MORE

8

INDIA

The merging of Vistara and Air India might open doors for success

While the Tata group has made it obvious that it intends to be a dominant player in this industry, both Vistara and Air India have
openly declared that a decision has not yet been made on integrating them.

There are just 110 sectors where Air India, Air India Express, and/or AirAsia India compete with IndiGo. In order to compete with
the market leader, Air India specifically needs Vistara under its wing.

The Tata group airline combination beats IndiGo in terms of frequencies on 17 of the top 40 sectors in the nation the moment
Vistara's network is included in the equation. READ MORE
Investment in Tech sector and Chip Huge amount of In the most recent fiscal year 2021–2022, investments in renewable
energy in India hit a record $14.5 billion, a 125 percent raise over the

Supply chain investment in renewable previous year and a 72 percent increase on the year prior to the
energy pandemic.
India intends to enhance the supply chain and the

overall tech sector by the year 2030 when the As said by Vibhuti Garg, Energy Economist and Lead India, IEEFA The
country's semiconductor demand is predicted to government must play the role of a facilitator by implementing big bang
exceed $110 billion. policies and reforms to hasten the deployment of renewable energy in

Planning to invest $30 billion in the technology order to transition to a sustainable route and lessen dependency on
industry, including the semiconductor supply chain, pricey fossil fuel imports.

as a result. Out of which Two semiconductor This entails developing a whole ecosystem centered around renewable
facilities and two display units will each receive energy in addition to boosting investment in wind and solar generating
about $10 billion. The electronic sector, which
includes manufacturing behemoths like Foxconn capacity. READ MORE
and Pegatron, will receive about $7 billion. The
remaining $13 billion will be used on services Advisory issued against ADS promoting
including advanced chemistry, solar photovoltaics, online betting
battery cells, networking, and telecommunications.
The Advertising Standards Council of India (ASCI) recommendations on
READ MORE commercials for online gaming, which comprised precise Dos and Don'ts

for print and audio-visual advertisements of online gaming, were advised

The trade deficit widens in the to Private Satellite TV networks on December 4, 2020.

month of May The Indian government issued a warning to the media requesting that it
refrain from running advertisements on websites that offer online betting.
The month of May saw an increase in India's
trade deficit from $6.53 billion to $24.29 billion.

According to updated trade data issued by the The ministry has given online and social media platforms, as well as online
Ministry of Commerce and Industry, May's trade
deficit was exacerbated by a jump in imports, ad brokers and publishers, advice not to display or target these adverts at
which increased 62.83 percent year over year to
$63.22 billion while exports increased 20.55 Indian READ MORE
percent to $38.94 billion.
Business restrictions lifted on Mastercard

Due to non-compliance with the RBI circular on the storage of payment

system data, Mastercard was prohibited by the RBI from accepting new

domestic debit, credit, or prepaid users onto its card network as of July 14,

India's exports of goods increased by 20.55 2021.

percent to $38.94 billion in May. To reach $63.22 However, Mastercard was exempted from the business restrictions
billion, imports increased by 62.83 percent. In almost a year after they were put in place because of its "satisfactory
May 2021, the trade imbalance was $6.53 billion.
compliance."READ MORE
READ MORE

9

INDIA

Indian Funds rise at Rs 30,000 crores in Swiss banks

According to the most recent data from the Swiss National Bank in Zurich, the amount of money kept in Swiss
banks by Indians increased to a 14-year high of Rs 30,626 crore in 2021.

Concerning the data from the Swiss National Bank (SNB), the total amount peaked in 2006 at a record high of
about 6.5 billion Swiss francs. Since then, it has generally been on a declining trend, except for a few years, such

as 2011, 2013, 2017, 2020, and currently 2021. READ MORE

Potential of India to enter Stagflation situation

The states' situation is unsatisfactory, and they must do considerably more, especially if they want to enhance their
own portion of total revenue.

The five states with the worst fiscal health are Bihar, Kerala, Punjab, Rajasthan, and West Bengal, especially in cases
when the debt-to-Gross State Domestic Product (GSDP) ratio is much greater than ideal.
Freebies are being given away more frequently, the old pension system is being reinstated, and subsidies are
becoming more and more burdensome. If one continues to give away free things like this, eventually the consequences

will be felt. READ MORE

India and Russia to be working An economic growth of 7.5% to be expected
on Payment mechanism
BRICS nation- Brazil, Russia, India, China, and South Africa, was established with the belief that this group of
emerging economies can evolve as an engine of global growth.

Officials from ministries, banks, and financial Planning to develop a platform for regular exchanges between start-ups in BRICS countries. He also called for a
institutions from the Reserve Bank of India dialogue on “innovation-led economic recovery”. This year's growth of 7.5% is to be expected.
(RBI), and the Bank of Russia will meet to

finalize a bilateral payment system. Innovation is being supported almost in all sectors and the growth of the digital sector is also being encouraged as

That will ensure smooth trade flows between well as infrastructure has been improved too. READ MORE
the two countries without flouting international
sanctions, according to people with knowledge Bharat Gaurav train journey commences
of the situation who spoke to ET. The two
parties will get together to talk about payment Under the "Bharat Gaurav" program of the Indian Railways, the first private operator-operated train between
Coimbatore and Shirdi was flagged off.

options like Loro or Nostro accounts.

The goal of this theme is to use Bharat Gaurav Trains to show off India's wonderful historical sites and rich cultural

Along with the National Payments Corporation legacy to the people of India and the rest of the globe. The train will make stops in Tirupur, Erode, Salem Jolarpet,

of India (NPCI) and the Foreign Exchange Bangalore Yelahanka, Dharmavara, Mantralayam Road, and Wadi before arriving in Shirdi to showcase the same.

Dealers Association of India, SBI, Canara Bank,

and three other banks will represent Indina This makes Southern Railway the first zone in Indian Railways to get the first registered service provider under

Bandkers (FEDAIR) EAD MORE the "Bharat Gaurav" scheme.READ MORE

India receives the Malaysian fighter jet order

With a package contract on the table that would include maintenance and spare parts for the country's Su 30 fighter jets of Russian origin, India has emerged as
the front-runner for a Malaysian request for light combat aircraft.

18 Su 30 MKM fighters, which are remarkably identical to the MKI type used by the Indian Air Force, are in service with Malaysia.

Senior officials from the Malaysian air force had previously traveled to India to talk about the idea. To guarantee a high rate of availability, India is also offering to
establish a complete maintenance, repair, and overhaul facility for the LCA fleet in Malaysia. READ MORE

10

WORLD

I2U2 Summit: India, UK Inflation
Israel, UAE and USA to
form new bloc Britain's inflation rate hit a new 40-year high of
9.1% in the 12 months to May, figures showed
The leaders of India, Israel, the Wednesday, as Russia's war in Ukraine drove food
United States, and the United and fuel prices ever higher.The Office for National
Arab Emirates (I2U2) will next Statistics said consumer price inflation rose slightly
week hold a virtual summit to from 9% in April, itself the highest level since 1982.
discuss ways to ensure food security in the wake of the The increase was in line with analysts' expectations
Russia-Ukraine conflict as well as ways to boost trade and and signals no quick end to the cost-of-living
economic relations among four nations.Prime Minister squeeze facing millions in Britain. The Bank of
Narendra Modi will join President Joe Biden of the US, England says inflation could hit 11% in October
President Mohammed bin Zayed Al Nahyan and President when a cap on domestic energy bills is raised
Naftali Bennett of Israel for the virtual summit, which will
formally launch the ‘I2U2’, a new bloc comprising the four READ MORE
nations. The virtual summit will happen during Biden’s visit
to Israel on July 13. READ MORE WTO facing World Trade Organization chief Ngozi Okonjo-
“ploycrisis”
M-Pesa:Africa’s largest Iweala expressed cautious optimism on Sunday
fintech gains a worldwide
market that more than 100 trade ministers meeting in

Since its launch in 2007, M-Pesa has Geneva would achieve one or two global deals
transformed the interaction between
people and their money. The service this week, but warned the path there would be
has also tried to capture new markets
worldwide. This has been possible bumpy and rocky.
but not without challenges. Today,
there are more countries that use M- The director-general from Nigeria said the
Pesa compared to when the service
first came into existence. world had changed since the WTO's last
M-Pesa has shown continued growth
under the rise of contactless ministerial conference nearly five years ago.
payments. The service has 50 million
active users in Africa. Thus, it is WTO chief urged trade ministers to go the extra
Africa’s largest fintech platform and mile over the coming days to achieve agreements such as to reduce fishing
has gained markets in a number of
countries. READ MORE subsidies, boost access to COVID-19 vaccines, address food security and to set a

course for reform of the WTO itself READ MORE




Russia re
duces natural gas

Russia's Gazprom announced a reduction in

natural gas flows through a key European

pipeline for the second day in a row on

Wednesday, hours after Germany's vice

chancellor said its initial move appeared to be

political rather than a result of technical

problems. The state-owned energy giant said on

Twitter that deliveries through the Nord Stream 1

pipeline to Germany would be cut again

Thursday, bringing the overall reduction through

the undersea pipeline to 60%. READ MORE

11

MISCELLANEOUS
Maharashtra sees its all-time high sugar production
Maharashtra has set a record for itsel
f by producing 137.28 lakh Tonnes of sugar in 2021-22, which is nearly
31 lakh Tonnes more than the previous year, a senior official said on Thursday.

The state also broke another record of crushing 1,320.31 lakh Tonnes of sugarcane this year, he said.
This year, around 200 sugar mills were involved in crushing sugarcane across the state. The total sugar
production of the state last year (2020-21) was 106.40 lakh tonnes. This year nine additional sugar mills (total

199) were involved in the process vis-a-vis 190 the previous year, the top official said. READ MORE

People in Pakistan urged to consume fewer cups of tea

When the world’s largest importer of tea is urged to cut down it’s tea intake, we know there is a big economic
issue. Pakistan is the world's largest importer of tea, buying in more than $600m (£501m) worth last year.
However, recently people in Pakistan have been asked to reduce the amount of tea they drink to keep the
country's economy afloat.

Sipping fewer cups a day would cut Pakistan's high import bills, senior minister Ahsan Iqbal said. The country's
low foreign currency reserves - currently enough for fewer than two months of all imports - have left it in

urgent need of funds. READ MORE

Air Akasa receives its first Boeing aircraft
Rakesh Jhunjhunwala-owned A
kasa Air has received the delivery of its first aircraft, a Boeing 737 Max, in

Seattle.

It has ordered a total of 72 planes and aims to get 18 planes by March 2023, according to a statement
Once it gets its license, Akasa will be India’s seventh airline with IndiGo, Air India, Vistara, SpiceJet, Go
Airlines and Jet Airways which recently got its flying license restored. AirAsia India is being bought over by

Tata group owned Air India and will become its subsidiarynow. READ MORE

Inrix: A key link in planning the future of transportation
Zero crashes, zero carbon, zero traffic,
Inrix, co-founded by a former Microsoft and Ford executive, recently

partnered with GM on a cloud-based software effort to reduce crashes, road fatalities and carbon emissions.

The company is close to two decades old and has most recently aggressively grown its business among the
public sector as cities transform mobility, and infrastructure funding reached into the billions. Now Inrix,
operates in over 60 countries and several hundred cities, collects aggregated, anonymous data from 500
million vehicles, mobile devices, mobile apps, parking lot operators, mobile carriers and smart meters, all in

real-time, covering both consumer and fleet vehicles. READ MORE

TDS, now charged on doctors and social media influencers

Doctors and social media influencers are among those who will be subject to a new rule which mandates a 10% tax
deducted at source (TDS) on freebies they receive from businesses for sales promotion.

A set of guidelines from the Central Board of Direct Taxes (CBDT) explains the circumstances in which the new tax
deducted at source (TDS) provision which kicks-in from 1 July will apply. The provision was introduced in the
Finance Act of 2022 to widen the tax base and to ensure that those who benefit from such sales promotion

expenditure by businesses report it in their tax returns and pay tax on what the benefit is worth. READ MORE

12

VOICE
YOUR
OPINION

The term FinTech (Financial Technology) refers to software and

other modern technologies used by businesses and other companies

that provide automated and improved financial services. FinTech has

initiated a banking revolution, and banks are now switching to

digitization as well as paperless and cashless transactions. FinTech

helps companies and business owners control and manage their

financial processes. In contrast to traditional banks, FinTech

startups operate more flexible and faster when it comes to

implementing new services based on changing demands.

With one of the world's fastest-growing economies, India is now

leading the race to become one of the largest fintech ecosystems in

the world. Over the last decade, there has been a massive adoption of

digital payment systems in India. With the growth of digitisation and

mobile banking in India, new payment mechanisms were introduced

such as UPI (Unified Payments Interface), which led to the creation of

several applications like BHIM (Bharat Interface for Money), Paytm,

Mobikwik, Bharatpay Phonepay, etc., which are already in use by a

large number of Indians. The growth and expansion of India's FinTech

ecosystem has been aided by a number of factors, including

increased smartphone availability, increased internet access, high- Name: Ishir Malik
speed connectivity, and government-initiated programmes such as College: Dyal Singh College
"Make in India" and "Digital India."
Furthermore, growth in the telecom industry, accessibility, Course: B.com. (Hons.)

innovation, a favourable market, and growing awareness of financial

technology have provided a much-needed boost to the Indian

FinTech industry.

India is a vastly diverse country with a huge population. Still, a large

portion of the country doesn’t have proper banking facilities, is

underserved, and is subject to a constantly changing regulatory

environment. This is where Fintech helped India revolutionise itself,

with its ability and power to modify and transform India's financial

and banking services sector for the good.

13

FINANCIAaLL
METRICS

1.Upstart Holdings: Growth, A Big Sell-Off, But Signs of Value May Not Be Enough:

With the US Fed’s 75 basis points rate hike, the largest increase since 1994, investors are now factoring in a bigger chance of a
recession. This affects all growth companies and various subsectors. For example, there’s Upstart Holdings, Inc. (NASDAQ: UPST),
a new fintech which was a high flier and growth investor favorite.
Considering the huge sell-off since October 2021 on greater recession fears and pandemic-related challenges, the question is
whether it is now a Buy. Despite a huge sell-off, the company improved its financials during the last several quarters. Revenue grew
from $66.8 million in the third quarter (2021) to $311.1 million in the final quarter (2022) and operating income grew from $11.1
million for the quarter ended Sept 30, 2020, to $34.9 million for the quarter ended March 31, 2022.
Recent evidence of this was Upstart’s more than 8% share plunge on Thursday, June 16th, without any material news from the

company and in wake of the Fed’s rate hike. READ MORE

2.Indian Car Sale Analysis:

The Indian auto industry registered a massive growth of 185 per cent with 2,94,087-unit sales in May 2022 as compared to
1,03,193-unit sales in May 2021. That said, the sales figures for May 2022 are not comparable with that of May 2021 as the industry
operations were significantly impacted due to the COVID-19 related disruptions last year.
The top rank has been retained by Maruti Suzuki, while Tata Motors has now moved up to the second rank in May 2022. On the
other hand, Hyundai India has slipped down to the third rank last month. Read below to learn more about the sales performance of

brands and their respective models in May 2022. READ MORE

3.Bit Digital, Inc. Announces First Quarter of Fiscal Year 2022 Financial Results:

Bit Digital, Inc. (Nasdaq: BTBT) (the "Company"), a digital asset mining company headquartered in New York, announced its
unaudited financial results for the first quarter ended March 31, 2022.
Bitcoin mining revenue was $8.0 million for the first quarter of 2022. Revenue from Ethereum mining was $0.5 million. With cash
and cash equivalents of $28.1 million, and total liquidity (defined as cash and digital assets) of approximately $73.3 million, as of
March 31, 2022. Total assets were $169.6 million as of March 31, 2022.
Non-GAAP income from operations was $0.5 million.

Non-GAAP net income was $2.9 million, or $0.04 earnings per share.READ MORE

4.Hot Debate: Whether Bitcoin is dead, Critics v Metrics:

Bitcoin has been on the decline for months now. It has fallen more than 70 percent since its November 2021 all-time high of
$69,000 and is currently trading at $20,501. A slight recovery from the sell-off on June 14, 2022, which saw BTC test the $17,700
mark for the first time in years. This has caused pain for bitcoin investors and critics to become more vocal.
Critics, such as Bill Gates and Peter Schiff predicted further pain for the world's oldest cryptocurrency. However, crypto
enthusiasts were quick to refute these claims (Bitcoin is Dead), highlighting the previous 400-plus instances wherein people called

for the death of Bitcoin. READ MORE

5.US makes most aggressive interest rate hike since 1994:

Facing the highest inflation in over 40 years, the US Federal Reserve has raised the target range for the federal funds rate by 75
basis points to 1.50-1.75%. The Federal Open Market Committee (FOMC) unanimously decided to raise the target range for the
federal funds rate to 1.50 to 1.75, with further rate hikes looking inevitable. The 75-basis point hike follows an already
aggressive 50 basis point increase in May 2022 and marks the largest upward step since 1994.
A further rise of 50 or 75 basis points is expected in July, bringing the total increase for this year to 2.00-2.25 percentage points
– something that seemed unthinkable just a few months ago. And that is unlikely to be the end of it – the midpoint of the target

range for interest rates could be around 3.4% by the end of the year. READ MORE

14

HintsFI N A N C I A L

APTITUDE
1. A party that evaluates and assumes
another party's risk for a fee.
2. rapid, excessive, and out-of-control
general price increases in an economy
3. a combination of two or more companies
into a new entity
4. the process of allocating capital in a way
that reduces the exposure to anyone
particular asset
5. Rate of interest
6. money backed up by trust between the
payer and payee
7. a legal claim against the assets of an
individual or business that fails to pay taxes
owed to the government.
8. money set aside (invested) to earn revenue
to fund some type of charitable activity
9. A situation where a debtor cannot pay the
debts they owe.
10. a formal assessment, typically in an interview, of the performance of an employee over a particular
period
11. An authorization granted by a company to an individual or group enabling them to carry out specified
commercial activities, for example acting as an agent for a company's products.
12. a contractual obligation of one party to compensate the loss incurred to the other party.
13. a form of payment made out of a public or dedicated fund.

ANSWER TO MAY EDITION

1.Blinkit 2.Lakme 3.Airdeccan 4.Nearbuy 5.Sun
6.Vedantu
7.Safa 8.Axis 9.Titan 10.Nestle

NOTE: ANSWERS WILL BE IN UPCOMING EDITION

15

L

I

G CAMERA
H
FINANCE
T

S

Merge of PVR and INOX confirmed

PVR and INOX NSE 1.9
7 percent Leisure announced their intention to merge on March 27 of this year,

creating the largest multiplex chain in the nation with a network of over 1,500 screens.
These mergers have now been approved by the bourses NSE and BSE, with a "no objection" letter from
NSE and confirmation from INOX. The new company will be known as PVR INOX Ltd.
According to the deal, INOX will merge with PVR at a share-for-share exchange ratio of 3 PVR shares for

every 10 INOX shares. READ MORE

Launching of VFX Studio

With a 10-crore investment, Shilpa Shetty will be launching SVS Studios with VFX industry veteran

Sandeep Mane.
Indian
SStVuSdiSotiusdeionvwisililofno
ecdusasona VFX-intensive, high-concept projects for the and global markets. SVS
one-stop VFX production center.

The workforce will be increased, people will be trained and given opportunities to grow their skills,

and cutting-edge technology will be purchased in order to stay up with the fast-evolving VFX
industry. READ MORE

Wellbeing Nutrition, gets an investment by Rakul Preet Singh

The plant-based whole food nutrition company Wellbeing Nutrition has won multiple prizes for innovation, including
the CES New Healthcare Technology Innovation Award and the P&G Global Innovation Award. With an undisclosed
investment, Bollywood star Rakul Preet Singh will now join this journey.
Being an admirer of the company and having strong belief in its product is what inspired her to invest in this
company.
The brand currently has over 5000 outlets worldwide, including 2000+ stores in India, the USA, UK, UAE, and

Germany. It can also be found on their online platform and has recently partnered with Disney. READ MORE

ENIL, Quarter 4 revenue touches 99.4 crores

The firm that owns India's largest private radio brand Mirchi, Entertainment Network [India] Ltd (ENIL),
posted fourth-quarter revenue of 99.4 crores on Friday. This is a modest increase over the same time
in 2017.
Mirchi operates FM stations in 63 Indian cities. It is owned by Bennett, Coleman & Co Ltd, the business
that also owns The Economic Times. Enil has dropped the word "Radio" from its brand name and is now

known as "Mirchi," in line with the company's strategy shift toward digital solutions. READ MORE

Bidding for the IPL media rights

When the first day of the e-auction ended on Sunday for the media rights for the upcoming five-year cycle of
the IPL (2023-27), it was obvious BCCI was in for one of the biggest media rights bonanzas in the history of
sports. IPL is currently only second in terms of match value ($17 million) to the US NFL.
There are 4 packages,
Package A's base price of Rs 49 crore is only for the television rights in India. India's digital rights are
included in Package B, with a basic price of Rs 33 crore.
Package C is a set of 18 non-exclusive matches, including the four playoff games and Saturday evening

games on days when doubleheaders are played. Package D is the Rest of the World. READ MORE

16

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