BLOOMING INSIGHTS

“I bet ₹100 that it will rain today!” “If you win the game, I will pay you ₹40 but if I win the game you are going to pay me ₹50. Agree?” Did you ever come across these similar statements? I am sure we all have even done these acts on very small scale; it is super fun. However, when this fun gets converted into passion it brings few immensely bad habits which get converted to addiction resulting in loss of name, fame and money. Since these activities on a large scale are socially undesirable government has banned it to a great extent. Gambling: Gambling, in simple words, is taking risky actions in hope of a desired result. It has three elements: price, risk,  and consideration . In every country gambling is regulated by a dedicated body because uncontrolled gambling can cost heavily. Similarly, in India gambling is a state matter i.e. only states are entitled to make laws on gambling activities for their respective states. The Public Gambling Act of 1867 prohibits managing pub...

One of the biggest companies in the world, which advertise itself in India as ‘Aapki Apni Dukan’ (your own shop) has gotten itself into a bit of a mess lately. A couple of days ago, a few rather confidential documents of Amazon corporation were surfaced. The controversy caught fire when Reuters (news organization) posted an exclusive article about Amazon dodging Indian regulators in circumventing local laws on foreign direct investment (FDI) in e-commerce. The report states that the documents have clearly had it written in them that Amazon, despite its claim of changing one life at a time, does favour only less than 3 dozen of its preferred seller, out of a pool of over 4,00,000 sellers on the platform. Around one-third of all selling, proceeds come from 35 big pocket sellers. Despite the company’s statement that it treats every seller equally and does all in its power to empower the small seller, documents told a different story. One allegation also made the statement that Amazon only...

It is hard to imagine a world without big companies like Microsoft or Apple in it. Things get worse when they rival each other to satisfy their wants. Something similar is happening in India, where two big giants in the business world, Reliance and Amazon are in pursuit of a similar goal i.e., to dominate the retail market of the country. It all started when the debt-ridden Future Group agreed to sell various assets of its subsidiary, Future Retail to Reliance in August last year for a total value of Rs. 24713 crores. The deal was the only way out for the struggling Future Group which has been adversely affected by COVID-19 lockdown. It would have also provided a major boost to the retail chain of Reliance as the deal would increase its presence in more than 150 cities. Also, major Future Group brands like Big Bazar and Food Bazar would be under their shawl. But to add to the miseries of Future Group, Amazon disapproved of the deal. The basis of the objection between Amazon and Kisho...

If you are active on social media, the story of GameStop isn’t something that you are ignorant of. There has been continuous buzz about the company and how a group of investors created havoc like situation for the big players in Wall Street. So, what exactly happened? How did rookie investor overpower the veterans? And what role did Reddit play in this mayhem? Before delving into the incident there are few terms the readers must be enlighten. These includes key financial terms like day trading, short selling and hedge fund. Day trading refers to purchase and sell stocks or vice versa, this can be done multiple times in a trading day. The main aim is to earn a small profit out of the price fluctuation. Short selling is a form of day trading where the investor first sell a stock and then purchase it later before the end of the trading day. It is a way of profiting off the price of the stocks that one knows is going to fall. Hedge funds are big institutions with a massive pool of investin...