In this week’s wrapup, we discuss why Indian roads need data, your coffee getting pricier, Jio’s free cloud storage, India’s snake venom industry and the ripple effect of the US Fed rate cut.

And the good news is that we are restarting our Markets newsletter, and in this week’s edition, we wrote about NTPC’s Green Energy IPO.

In the 1970s, when India was taking its first steps toward industrialisation, NTPC powered its industrial growth with coal. Fast-forward to 2020, NTPC Renewable Energy, a green energy subsidiary, was born, marking a sharp turn from being a massive polluter to promising 60 GW of renewable energy capacity by 2032.

And now, the company’s all set for its IPO. Sounds like a crazy pivot, right? Well, if you’re curious about how and why this transformation happened, click here to read our full markets story.

Meanwhile, here’s a recap of what we wrote over the week.

Indian road safety screams for help

Did you know that despite having only 1% of the global vehicles on the road, India ranks among the highest in the world for annual road accident deaths?

Yup, upwards of 400 Indians lose their lives each day in road accidents, and this number might even be underreported!

What’s more surprising is that other nations with more vehicles have considerably lower numbers of road fatalities.

So, what are these countries doing differently, and what can India learn from them?

Click here to read our newsletter to find out.

Is the world running out of coffee?

Do you also share our love for a good cup of coffee?

At Finshots, some of us are all about that morning filter coffee life, while others swear by their perfect cup of chai. We’re always excited to try new brands and blends. So, if you have any recommendations, send them our way!

However, coffee production is taking a hit worldwide. This will also impact India and likely drive up coffee prices!

This might leave you wondering what’s causing the decline. Well, the culprit is climate change.

Confused? Dive in to read our Tuesday newsletter, where we broke it all down.

Jio's free storage to beat Google and Apple?

Reliance Industries is a behemoth.

With its reach spanning across industries, it’s easy to say why.

And now, it’s making a move into cloud storage. Through Reliance Jio, of course.

Come Diwali, Jio users will enjoy up to 100 GB of free cloud storage to store and access their digital content securely.

But wait... This could spell trouble for Apple iCloud and Google Drive. It sure sounds like it. And knowing Reliance, it’s not surprising that they can easily pull this off.

If this has piqued your interest, you’ll want to read the full story. Check it out here.

The snake venom industry is facing a fatal bite!

An Indian tribe native to the coasts of Tamil Nadu catches the deadliest snakes for a living.

Yes, you read that right.

But wait... They don’t harm these snakes. In fact, they are life savers in a way, for those who get bitten by these deadly reptiles. Because they extract snake venom and supply it to the healthcare industry, which then manufactures antidotes for snake bites.

They even have a cooperative society that generates annual sales of about ₹4 crores. But their lives are in stark contrast to these big sales figures. And that might also mean that India’s unique snake venom industry.

To understand why you’ll have to give our Thursday newsletter a read.

Why should you care about the US Fed rate cut?

There’s an old saying, “When the US sneezes, the world catches a cold.”

Yup, the Fed’s actions, like interest rate cuts, can have a ripple effect on other economies, including India’s.

Lower US rates can make investing in India more appealing and strengthen our currency against the US dollar.

However, it’s not all sunshine and rainbows. US rate cuts can also lead to increased inflation in India.

Want to know how? We broke it down in our Friday newsletter. Check it out here.

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 28, 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!

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