The podcast discusses a massive tech breakdown affecting companies, government's new PSU plan, RBI's latest Indian economy report, Netflix's performance in India, Infosys's earnings insights, and Paytm's quarterly result amid regulatory crackdown.
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Quick takeaways
Global tech breakdown impacted critical infrastructure worldwide, showcasing software's immense influence on major sectors like banks and airlines.
Government considering new approach for PSUs, aiming to enhance performance by selling non-core assets and maintaining majority ownership.
Deep dives
Major Tech Breakdown Impacting Global Companies
A significant tech breakdown occurred involving CrowdStrike's software, used globally across industries. The forced update led to Windows systems malfunctioning, affecting critical infrastructure worldwide. This incident highlights the immense impact of a single software issue on major sectors like banks, airlines, and hospitals, reminiscent of past global software failures.
Government's Approach to Public Sector Undertakings (PSUs)
The government is contemplating a shift in strategy concerning PSUs, focusing on improving management and profitability. Instead of selling PSU stakes, the government might opt to sell non-core assets to revamp these companies. This new approach aims to enhance PSU performance while maintaining majority ownership, diverging from past divestment targets.
Insights from RBI's Report on the Indian Economy
The RBI's report indicates positive economic trends, forecasting a 7.4% GDP growth in the June quarter. India achieved its first fiscal surplus after 22 months, signaling improved financial management. Despite inflation challenges in food prices, Indian markets attract foreign investors, with SME IPOs witnessing substantial oversubscription, reflecting a thriving economic landscape.
In today’s episode, we look at 6 big stories.
- Massive tech breakdown affected all types of companies
- Government’s new PSU plan
- RBI’s latest Indian economy report
- Netflix’s performance in India this quarter
- Infosys’s latest earnings report Insights
- Paytm’s quarterly earnings result
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