In this week’s wrapup, we talk about a new dilemma for India, how to avoid another WazirX-style crypto hack, the economic cost of toxic workplaces, A2 milk and India’s luxury watch boom.

But before we dive into the recap, here’s the link to a quick survey we’re conducting to understand your experience with Finshots. Your feedback will help us improve our content and bring you new services. So please take a moment to fill it out. Thanks a bunch, in advance!

Should India rethink joining RCEP?

In 2019, India made the call to step back from the RCEP (Regional Comprehensive Economic Partnership) – a massive free trade agreement that could have unlocked plenty of opportunities for the country.

But wait… If it had all these opportunities, why didn’t India join?

Well, we dug into this on Monday and explored whether it’s time for India to reconsider its decision. Curious? Click here to read our newsletter and get the full story.

Can we avoid another WazirX-style hack?

WazirX, one of India’s largest crypto exchanges, recently made headlines after hackers pulled off a $230 million heist from one of its wallets.

Yup, even though the tech behind crypto is supposed to be rock-solid, hackers still managed to swipe that money. So, you’re probably wondering — if hackers can steal crypto, how safe is it really?

Well, that’s exactly what we broke down in Tuesday’s newsletter. We explained, in the simplest way possible, how crypto works, how the hack happened, and how future hacks like this could be avoided. You can check it out here.

The economic cost of toxic workplaces

Last week, employees at SEBI (Securities and Exchange Board of India), India’s capital markets watchdog, sounded an alarm over a ‘toxic work culture’.

Things seem so bad that they’ve even written to the government. And it’s not just a minor complaint — there’s a whole laundry list of grievances.

So, on Wednesday, we used this news to dive into what toxic workplaces and negative work culture can cost businesses and the economy. If that rings a bell, you’ll definitely want to read our story. You can check it out here.

Is A2 milk a marketing gimmick?

A2 milk has been making waves lately, so much so that India’s food regulator, the FSSAI (Food Safety and Standards Authority of India), asked businesses to stop labelling milk and milk products as A1 or A2, calling it misleading. And although it quickly withdrew the directive, this got us thinking. Does branding A2 milk as ‘A2’ actually make sense, or is it just a clever marketing gimmick?

That’s exactly what we explored in Thursday’s newsletter, breaking it all down. And if you’re curious to know the answer too, click here to dive into our story.

The secret behind India’s luxury watch boom

India’s economy is growing faster than most others. And with that growth comes big changes. Rising incomes are fuelling bigger spending, and more people are splurging on high-end luxury items and collectibles. Think fine art, rare wines, whiskey, sneakers, and yes, luxury watches.

And interestingly, luxury watches are becoming a new obsession for many Indian consumers. But what’s driving this trend?

Click here to read our Friday newsletter, where we broke it all down.

Finshots Weekly Quiz 🧩

Here’s your chance to win some exclusive Finshots merch. All you have to do is click on this 👉🏽 link, answer all the questions correctly by 12 noon on September 21, 2024 (Saturday) and tune in to our Sunday newsletter aka Sunny Side Up next week to check if you got lucky.

That’s it from us this week. Have a great weekend!

Liked this wrapup? Don’t forget to share it on WhatsApp, LinkedIn and X.

📢 Ready for even more simplified updates? Dive into Finshots TV, our YouTube channel, where we break down the latest in business and finance into easy-to-understand videos — just like our newsletter, but with visuals!

Don’t miss out. Click here to hit that subscribe button and join the Finshots community today!

Your ultimate Term Insurance checklist!

Secure the future of your family today! Click here to book a FREE call with our IRDAI-certified advisors to understand the importance of Term Insurance.