Advisor to founders and VCs; angel investor. Formerly a reporter with TechCrunch, CNBC etc.
Bengaluru
Based in India
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Banks in India make about $20 billion a year -- half of their profits -- by paying customers ~2.5% (vs the repo rate of 5.25%) on the money in their savings accounts (~$800 billion).
Fascinating.
Chief Economist at Apollo: agents could cause a bank run by sweeping household cash into accounts paying 3-5% instead of the 0.1% national average, causing banks to lose a large share of their cheap deposits.
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IT giant Wipro expects its AI deflation problem to be over soon -- provided the technology stops improving
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Bernstein: Many of India's large caps represent a "bygone economic era"
Foreign institutional investors will return to trade, but have "little reason" to invest in India
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UPI's new merchant fee is a $2.2 billion a year business for the industry, per Goldman.
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India and the U.S. sit at opposite ends of global beer consumption forecasts to 2030
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The U.S. now imports about half its smartphones from India, up from almost none 8-9 years ago
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Toing, Swiggy's 1-year-old affordable food delivery offering, now matches Zomato in weekly active users.
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India is the second largest solar PV manufacturer in the world, but the gap between #2 and #1 is quite something.
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HUL splits Indian consumers into three cohorts, benchmarked to household incomes in France, Indonesia and parts of Africa
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