Best of the Week: India-China tensions, the economist Goldin family feud, and the Nobel Prize

 Best of the Week: India-China tensions, the economist Goldin family feud, and the Nobel Prize

Here are the top stories from the last week as selected by the writers and editors of Mint:

The horrifying news of a new Middle Eastern battle signaled the start of the previous week. Ram Saghal, a market reporter, tracked stock market responses as investors prepared for the effects of the Israel-Hamas conflict.

Varun Sood broke the news that the Adani Group is trying to disrupt the industry by relying less on distributors after recently entering the cement sector with two significant acquisitions (ACC and Ambuja).

Also read :GST Rethinking the rules for input tax credits

Anirudh Laskar published an exclusive article on the conflict between the Cipla promoter group and the Hamied family about the sale of a share to a third party investor (Torrent Pharma is apparently interested). According to the narrative, a six-year-old deal requires that family members reach agreement before selling their holdings.

All across the globe, family companies are complicated. The Cipla family may wish to take a cue from the Burmans at Dabur, one of India's most successful indigenous consumer enterprises, however. Our Mint Snapview illustrates several situations as well as how the Asian Paints or Dabur models may be able to support family companies in maintaining ownership of and management of their firms.

BYD (Beyond Your Dreams), a Chinese automaker, is one of the intriguing new entrants into the Indian market for electric automobiles. However, its executives are having difficulty entering due to the non-issuance of visas for the previous year. Utpal Bhaskar reported on the locations where BYD was compelled to have interim meetings with its Indian business partners.

Also read :Government will host 'Global IndiaAI Summit' on July 3–4 to talk about important AI problems and challenges

Despite the chilly ties between the neighbors, Pavan Burugula said that China's People's Bank of China (PBoC) owns investments totaling close to INR 25k Cr across 20 significant Indian enterprises. The Indian government has made it more difficult for Chinese investors to do business in India or acquire shares in Indian companies.

China is not now the fad in the world economy. However, merely considering its interests might get you into trouble. With a dash of irony, Manu Joseph's commentary on the story of the Newsclick editor's detention for violating anti-terrorism legislation and India's freedom of expression offers much food for thought.

Professor of Economics at Harvard, Claudia Goldin, received the Nobel Prize in Economics for her groundbreaking research on the long-standing wage discrepancy that women have experienced for the last 200 years. In this Primer article, Pragya Srivastava and Manjul Paul from Mint's Data Team outline the key takeaways from Goldin's work.  Rahul Jacob, a former foreign reporter for the Financial Times, puts Goldin's work in context by sharing his positive first-hand experiences with two female employers. Read our Editorial on Goldin's study, how the pill revolutionized American women's lives, and what it implies for India, where the proportion of women in the workforce is falling.

🇮🇳 💪🏽 The Unified Payments Interface (UPI) of India, which is operated by a consortium firm named the National Payments Corporation of India, was featured by Mint's Data Team. UPI has received much praise for upending the cash system and improving digital payments. Look at this article from Plain Facts, which has 7 charts.

Also read :On the third anniversary of PM Gati Shakti Anubhuti Kendra, PM Modi pays an unexpected visit.

🆓 ⁉ According to Shouvik Das, Meta, the company that owns Facebook and Instagram, may be exploring a subscriptions model to advance its operations. Mark Zuckerberg's long-held belief that Facebook and other social networking sites will always remain free may be challenged by this. The action might be the outcome of new data privacy rules that are taking root all across the world. And it may take us back to a period when advertisements weren't prevalent on social media.

Porinju Veliyath, a renowned investor and the creator of Equity Intelligence, was interviewed by Shipra Singh of Mint Money. Veliyath discussed his investment premise (100 percent equity) and the way he chooses to live by only investing in small- and micro-cap firms.

The in-depth analysis of the week, in my opinion, was provided by Suneera Tandon of Mint, who examined Nestle India's rural market strategy. Check out her in-depth account of what the world's largest manufacturer of infant formula has in store for India's rural communities and small towns, as well as how it is recovering from the 2015 Maggi scandal.

And while fans of the game prepare for a weekend of intense play at the men's Cricket World Cup, Mint's Gaurav Laghate analyzes the tournament's finances. Read this explanation to see how much money each person will get by the time the 45-day athletic extravaganza, which returned to South Asia in 2011, is over.

Also read :Actors and Politicians Attending Baba Siddique's Final Rites

Folks, that's it for this week.

Send us an email with your ideas, suggestions, and criticism. We'd be thrilled to hear from you.

Have a wonderful weekend, and thanks for your time!