In this week’s wrapup, we talk about Europe's illicit greenhouse gas trade, Tesla's India foray, the Detroit of India, an India-Mauritius tax treaty amendment and golden passports.

For this week's Markets Edition, we wrote about DMart.

Since January 2022 DMart's shares haven't moved too excitingly. For 2 years, the stock went nowhere. You could blame quick commerce players such as Blinkit, Swiggy Instamart and Zepto  who were offering products at almost the same price as DMart.

But here's something we thought could turn DMart's fate around. Sell gold!

If that sounds crazy, you should go ahead and read our markets story where where we reason it out. Click here to read it.

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

How greenhouse gases are being smuggled into Europe

Illegally traded greenhouse gases across the EU (European Union) are causing annual emissions created by driving 6.5 million petrol cars! All thanks to a regulation to control the use of these gases, which seems to have backfired.

How did that happen? Find out in Monday's newsletter where we talk about Europe's illicit trade in climate pollutant gases called HFCs (hydrofluorocarbons).

Can India recharge Tesla?

Tesla wants to make its way into India. Seems like Elon Musk wants to capitalise on the country's growing population. But India's car sales are lower than expected. And its EV penetration isn't something to boast about. Then what's peaking Tesla's interest?

That's what we wrote about on Tuesday. You can read it here.

Can Tamil Nadu expand its ‘Detroit of India’ tag to EVs?

Tamil Nadu is called the ‘Detroit of India’, the American city of Detroit which was the world’s automotive centre. But how did it get this tag?

We wrote about it in Wednesday's newsletter where we tell you how Tamil Nadu became India’s automobile manufacturing hub and now wants to take the Electric Vehicle (EV) crown too.

Why an India-Mauritius tax amendment triggered a stock market slide

Sensex and Nifty, India’s benchmark equity indices fell by over 1% last Friday. And although it doesn't seem like much, experts pointed out that Foreign Portfolio Investors (FPIs) had dumped nearly $1 billion worth of stocks.

But why did they do that? Well, you could partially blame an India-Mauritius tax treaty amendment, which we explained in Thursday's newsletter.

Golden Passports and Visas are losing their shine

Nearly 10% of applications for golden visas and passports are from Indians. These are the passports that countries give out to people who can afford it in exchange for significant investments or property purchase.

But despite Indians loving these, golden passport and visas seem to be losing their sheen. To find out why, head over to Friday's newsletter.

Finshots Weekly Quiz 🧩

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

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