BLOOMING INSIGHTS

We have seen people asking weird questions from the insurance companies before taking a policy but what happens when the one who is to sell insurance policies ends up offering weird products? Well, believe it or not, these policies do exist and insurers are minting money by selling them. 1. Alien Abduction Insurance - Over 6,000 policies have been sold by an agency in Florida which is referred as to the UFO Abduction Insurance Company after rumors started spreading during a live Facebook event regarding Storm Area 51 . Earlier rumors about extraterrestrial creatures used to be laughed upon but after the happenings and sharing of experiences in that area people queued up to buy one! It costs $19.95 with coverage of $10 million. 2. Lottery Insurance - The key to attracting a large crowd to come and participate is to offer a humongous jackpot! But the problem arises when you find yourself unable to pay that much amount of money if someone happens to win. Here, comes the role of Lottery in...

Netflix ceases to be just an ordinary streaming service now! With the largest content library in comparison to other OTT platforms, now Netflix wants to become the most popular amongst the youth. Netflix officials have been giving out statements that their real competitors are not other streaming platforms but sleep! Well, this isn’t true in all aspects. Who are their Real Competitors? Basically, everything people are engaging themselves in while they are not watching Netflix is their competitor. Be it Instagram, tik-tok, or gaming, they are on their target list! Hence, Netflix came up with N-games. The logic is simple, if you can’t beat them, join them! And this move actually makes sense. We all saw how many people were hooked onto their phones playing PUBG. The gaming industry is huge and has enormous potential and thus to turn tables back in their favour at the right time surely puts it in a strong position. But how are they going to leverage it? Master Plan In the Ind...

For 2-3 years ed-tech sector is booming in India and various startups are coming forward, with aggressive marketing and branding strategies, to offer technology-based education to the customers, providing it in a single tablet or mobile application. No doubt Covid-19 has provided them momentum in reaching customers, access to funding, and more acceptance, but this is the one side of a coin. The other one can be explored through recent news about the closure of Lido Learning. About Lido Learning Lido Learning was a Mumbai-based ed-tech company founded by Sahil Sheth, who previously served as the Vice President of Byju’s for over 2 years, in April 2019. Lido’s USP included online tutoring, the curriculum designed by experts from Stanford, Harvard, and IITians, providing 6 students with a personalized batch group, and offering a combination of AI, an immersive curriculum, and gamification. It offered classes in Mathematics, Science, Coding, and English providing packages in the range ...

Tanhaai, Tanhaai Business Ke Raaste Mein Kaisi Thokar Maine Khaayi Toote Khwaab Saare, Ek Maayusi Hai Chhaayi Har Khushi So Gayi, Zindagi Kho Gayi” Future Groups with no future at all! The Future Group, started by Kishore Biyani in 2013 and once the king of Indian retail stores, operates 1,700+ stores in India under various brand names like Big Bazaar, Fashion Central, and Home Centre. However, the company soon ran into losses and started looking for possible buyers. Future Retail currently has more than ₹17,000 crores in debts, and thus we dedicated the above song. Reliance- Future deal of “Growth is Life” For Reliance, the deal with Future Retail would help in establishing itself as “India’s Largest Retailer” with a presence in smaller cities and towns almost overnight, thus helping the company in last-mile access for its e-commerce delivery to small towns.. From where did Amazon come? In August 20...

Another enviable tax can soon be a possibility in India! This time it is the Fast-Food items that have come under the scanner of the Central Government. The Government’s think-tank, Niti Ayog plans to levy a tax on food items high on sugar and salt contents. The National Family Health Survey 2019-20 was conducted, and its findings revealed that the number of women who are obese rose from 20.96% to 24% and while the percentage of men rose to 22.24% which was earlier 18%. Currently, no fast-food items fall under the high tax bracket. The non-branded chips and bhujias fall under the 5% GST bracket while for the branded ones it is 12% History of Fast-food Taxation in the World and India Denmark was the first country to have introduced a fast-food tax in 2011 but soon had to get done away with it because the people used to buy the taxed item across the border. This was an eye-opener that the use of a negative approach to the central problem in consideration will always show resistanc...

What if the one who’s responsible to expose the scams, does the scam itself? Is NSE actually “a wolf in sheep’s clothing”? The NSE acronym of the National Stock Exchange of India is the worlds’ largest derivatives exchange in terms of contracts traded, and second-largest in terms of currency futures traded. The role of NSE is to set out and implement rules and regulations to govern the securities market. But what if the NSE itself becomes the one to manipulate the market and pocket crores by going beyond its own set rules and regulations? Are you perplexed as to what it is all about? Let’s explain it further. The whole Phenomenon NSE’s co-location facility was the location of this nearly ten-year-old scam. It was claimed that one of the trading members of OPG Securities, was given unfair access to the secondary server, allowing them to log in and acquire the data before the rest of the co-location facility between 2012 and 2014. This preferred access allowed this member to execute ...