Jan 14, 2020 - India's about to hand people financial data Americans can only dream of

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Anand Giridharadas on elite do-gooding: 'Many of my friends are drunk on dangerous BS'

A former McKinsey consultant-turned New York Times columnist, Anand Giridharadas is now a bestselling author. His recent book, Winners Take All: The Elite Charade of Changing the World, torches the privileged circles he has moved in much of his adult life, and is rooted in insider knowledge.

He thinks ideas conferences like Aspen would do well to spend its time listening to more of society's losers, and fewer winners. "The powerful are very good at disseminating their own bullshit," he says. "They don't need the intellectual reputation laundering of ideas festivals to make their heavily marketed bullshit smell even sweeter."

"I sincerely believe," he says, "that had more of the institutions of this country - and particularly those involved in thinking and ideas, not just conferences but all kinds of things - been more skeptical of elite fantasies and more mindful of what was actually going on in other people's lives in this country, I think it's very possible we wouldn't have orange Mussolini in the White House."

Continued here

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The dark side of India’s gaming boom

What happens when a virus-induced lockdown and big data targeting make online real-money gaming skyrocket?.There’s one tool that the gaming industry is particularly hesitant to talk about—your data. Deployed effectively, it could take a potentially addictive product and make it impossible to resist



Today's TradeBriefs Cartoon

Loans, cards may be issued online soon

Only unsecured loans and credit cards may be sanctioned online.Loans such as that for a home would still involve physical processes as it requires valuation

As India stays home to beat COVID-19, Airtel unlocks its entire kids content catalogue for its customers

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Indian Newspaper Society asks Sonia Gandhi to withdraw suggestion

Sonia Gandhi had earlier suggested to the government to impose a two-year ban on media advertisements by the government and PSUs.'Such a proposal tantamounts to financial censorship,' the Indian Newspaper Society said in a statement

How social commerce startup Mall91 wooed small-town India, and is now reinventing to deal with coronavirus

Social commerce has been one of the fastest growing segments of online retail. Meet Noida startup Mall91, which has reached more than 2,000 small towns.

Bitcoin Volatility Reached A 6-Year High In March

Bitcoin’s price volatility surged in March, rising sharply as the digital currency suffered severe losses amid a widespread sell-off in assets.

IT Ministry looking for more efforts from social media to check misleading content amid COVID-19

The IT ministry has not issued any legal notice to social media companies but is coordinating with them almost every day to act against such content, the officer said.

Why Facebook's Partnership With Plessey Is Important For AR Glasses' Future

Facebook had predicted that AR glasses would soon become mainstream, but this has not been the case. But the tech giant has finally begun to take an active interest in more practical versions of these glasses. Recently, it announced that it is working with Plessey to invest in research on the deep tech stack and…

Virtual Leaders I Life has become more disciplined: Jupiter’s Jitendra Gupta

Moneycontrol looks at how a scrum of business leaders is dealing with these fast changing times.

IBF feels stopping of Government Ads on TV would kill the sector

TV still remains the primary mode of disseminating these messages to the citizens of India and stopping these ads is not in public interest.

List of Top 25 Angel Investors in India

It is a known fact that 90% of startups in India fail within five years of operations. One of the reasons startups fail to reach their sixth year is their inability to raise funds. While a young startup might not be ready for investment from a venture capital firm, entrepreneurs can turn to angel investors …

Indians propel Google Pay, PhonePe as top fintech downloads in Feb 2020

Google Pay had 15.6 million installs globally in February 2020, followed by PhonePe, which registered over 6 million downloads. India accounted for a bulk of these downloads at 83.6 percent and 99.3 percent, respectively.

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