The Ken
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The Ken
@TheKenWeb
Delivering sharp, original, insightful, analytical journalism about business and start-ups across India since 2016.
- The Adani Group wants you to believe it has repaid all its loans against promoters’ shares. Here’s why you shouldn’t. Despite the group's claim of “complete” repayment of $2.15 billion in share-backed debt, regulatory filings indicate that the debt has not been fully paid off.
- Mukesh Ambani is known for taking no prisoners. Ask Amazon—which got shocked by Reliance's takeover of Future Retail stores. Or the many telecom operators which vanished due to Jio. Or even Anil Ambani. Now, Disney+Hotstar is getting a taste of the Mukesh-Ambani medicine. 🧵
- Exclusive | Indian lenders are now piling misery on Byju's. Byju’s is squeezed between two groups of lenders: • International lenders from whom it took a $1.2B loan. • Major Indian NBFCs who are now pulling out of financing Byju's products.
- BITS Pilani is tired of playing second fiddle to IITs. Recently, BITS Pilani has taken some major leaps: • A syllabus revamp • A $100M endowment fund from alumni • 10% of faculty from industry • Allowing a year off for startups But what can it do that the IITs can't?
- Zomato has managed to maintain its lead over Swiggy with a 55% market share in 2022. Swiggy is at 45%. In the last two years, Zomato has been eliminating distractions and focusing more sharply on its core business. But there's another reason why Zomato has an edge over Swiggy.
- Chartered accountants, once hailed as the finance world's elite, are facing a crisis. Now, those with an MBA are breaking the monopoly CAs have enjoyed in top financial roles. ICAI's placement data shows that CAs' salaries are stagnant and company participation is declining.
- Disney+Hotstar will stop featuring content from HBO starting March 31. This is yet another setback for the platform. Earlier, it lost the digital streaming rights of IPL; and Jio removed all of its bundled plans with the platform—which contributed to 15-30% of its subscribers.
- Free airport lounge access helped banks sell more credit cards. Now, it's come to bite them back. Banks issuing credit cards pay between Rs 800-1,500 per lounge access. The number of people who visited airport lounges rose to 8.5 million in FY 22-23 from 3.5 million a year ago.
- BITS Pilani is tired of playing second fiddle to IITs. Recently, BITS Pilani has taken some major leaps: • A syllabus revamp • A $100M endowment fund from alumni • 10% of faculty from industry • Allowing a year off for startups But what can it do that the IITs can't?
![“China can fight back [with retaliatory tariffs] because it has things the US wants. It has leverage. The EU can band together and figure out options. Japan and Korea make high-end tech products that US consumers use.
And India? Well, there’s not much leverage it can use unless it creates something that it can sell internationally. And apart from pharma, well, there isn’t much else.
Essentially, this is the source of frustration for Piyush Goyal.”](https://pbs.twimg.com/media/GnwwUb2a0AA9fZS.png)
