Happy 75th Republic Day!🇮🇳
E-rupee push, Zomato, Stripe secures final RBI nod, Byju’s to bankruptcy, Groww leads over Zerodha, Funding Deals and Will Durant's wisdom.
Hello, Happy 75th Republic Day!!
"Learn enough from history to bear reality patiently, and respect one another's delusions."
- Will Durant
Envision a world where the lessons of history serve as a guiding light, fostering patience and understanding of the diverse perspectives that shape our reality.
Get ready to embark on a journey of historical wisdom and compassionate coexistence.
RBI looks to tokenize government bonds, customer deposits
The RBI is exploring if government bonds and securities can be tokenized, and whether retail consumers can use the digital currency they hold in their wallets to invest in those securities. Early talks around tokenizing fixed deposits held by bank customers are also underway. This will help create an entire ecosystem around CBDC.
Zomato, Stripe secure final RBI nod for online payment aggregator
Food-delivery platform Zomato and international financial infrastructure provider Stripe are the latest entities to have received final approval from the regulator to operate as online payment aggregators.
US lenders drag Byju’s to bankruptcy court in India
Stressed edtech major Byju’s is in fresh legal trouble. A group of US lenders has petitioned the bankruptcy court in India to initiate insolvency proceedings against the firm, adding to its long list of problems. Byju’s has, however, said the lenders’ move was premature and the allegations were baseless.
Groww extends lead over Zerodha in December quarter
Cementing its position as the largest stock broking firm in India, wealth management startup Groww has further extended its lead over Zerodha in the December quarter, as per data published by NSE.
Financial services firm Equirus has announced the launch of the Equirus InnovateX Fund (EIF), a $25 million investment fund dedicated to supporting seed-stage tech companies.
📚 Short Story: The Library of Perspectives
In a town steeped in history, a librarian named James embraced Will Durant's wisdom, "Learn enough from history to bear reality patiently, and respect one another's delusions."
By curating a library of diverse perspectives, James became a beacon of empathy for the community.
The town, inspired by James' commitment, began to see that understanding history wasn't just about facts but a bridge to compassion for the delusions that shape each individual's reality.
Tweet of the day🐥
As we conclude this week's journey, reflect on the profound impact of historical wisdom on our capacity for empathy.
Thank you for being part of our community, where together, we embrace the lessons of the past to foster patience, understanding, and respect for one another's perspectives.
Feel free to share it with someone who could use a little inspiration. Let's pass on the good vibes and make someone's day!
Thanks for reading till the end!