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Dowry Calculator
Good Morning Folks!!! Good Morning Folks! Imagine a bank thriving during a financial crisis. MetLife, led by CEO Maria Bartiromo (one of the first female CEOs in the insurance industry), achieved just that. They weathered the storm by focusing on risk management and building a strong customer service culture. đź’Ş
Today’s read time is 6 minutes.
START-UP
Shaadi.com’s Dowry Calculator: A Shocking Wake-Up Call
One Liner: Shaadi.com’s “Dowry Calculator” isn’t what it seems—it’s a bold campaign to highlight dowry deaths in India.
Shaadi.com’s seemingly traditional dowry tool asks users "How much dowry are you worth?" but redirects them to chilling stats about dowry deaths. Instead of a cash amount, users see the staggering figure of 91,202 dowry deaths from 2001-2012, with a message urging them to fight against this social evil. The tool went viral, earning praise for its creative approach to a serious issue. 🎉👏
FINTECH
Paytm’s Transition to Bank Partnerships
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One Liner: Paytm's big pivot to bank buddies is all about de-risking and raking in the big bucks!
Paytm's shaking things up, moving users from Paytm Payments Bank to powerhouses like Axis Bank, SBI, and Yes Bank. They’re diving into card acquiring, BIN sponsorship, and FASTag distribution like pros. Switching to a distribution-only loan model, they’re letting their lending homies handle collections. Money-wise, they’re crushing it with a 25% bump in operational revenue, and even with a tiny 3% Q4 FY24 revenue dip, payment services skyrocketed by 26% 🚀✨
FMCG
Patanjali Soan Papdi Fails Quality Test: Jail Time for Three
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One Liner: Patanjali's sweet treat "Soan Papdi" failed quality tests, landing three in jail for six months.
Patanjali’s “Soan Papdi” fiasco turned bitter when a court in Pithoragarh sentenced three individuals, including a shopkeeper and company officials, to six months in jail for violating food safety standards. The product, tested in 2019, was found subpar, leading to hefty fines along with the prison sentences. This quality control nightmare highlights serious lapses in Patanjali's production oversight​ 🍬🔒
WORLD
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Netflix's sci-fi drama "Conquest" received a roaring Rs. 440 crore investment in 2018 but has met a peculiar end. Entrusted to rookie director Carl Rinsch, the project plunged into madness due to Rinsch's 'quirky' behavior, and not a single episode was finished. 🚀🎬
In an effort to pump up the Maldivian rufiyaa, the country is all set to roll out India's RuPay service, as announced by Senior Minister Saeed. India and the Maldives are brewing a financial bromance, hoping RuPay will spice up the local currency scene. đź’ł
Prince Edward Island (PEI) in Canada is buzzing with protests from Indian students facing deportation. This comes after the Canadian government slashed immigration permits by 25%, aiming to ease the load on healthcare, housing, and infrastructure. The new focus? Essential workers in healthcare, childcare, and construction. 🚧👩‍⚕️
Watch: The next big thing in Indian agriculture.
Read: Check out how this app helps you build a portfolio with your mutual funds.
Karaoke Night!! Go for a Karaoke Night in Koramangala today!
Did You Know??
Three Founding Fathers of the USA—John Adams, Thomas Jefferson, and James Monroe—died on July 4th, the date celebrated as American Independence Day. Adams and Jefferson both passed away on July 4, 1826, exactly 50 years after the Declaration of Independence, while Monroe died on the same day in 1831.
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