- By Shashank Singhal India's Fintech ecosystem and underlying opportunities have gained global recognition. According to a report by RedSeer Consulting, India's financial technology companies are expected to triple in value over the next five years, hitting a valuation of USD 150-160 billion by 2025. While digital payments and lending have been critical in the foundation of Indian fintech base however the strong performance of equity and mutual funds led to strengthening and entry of several Wealth management models, with ‘Wealth-tech’. The Indian Wealth-tech market is expected to expand to over $60 billion by FY25. India currently has 4 million Wealth-tech investors (FY20), which is expected to triple to 12 million by FY25 driven by rising investors, high digital platforms awareness and usage across equity and mutual fund investments, financially literate millennials etc. The Wealth-Tech Model Different players are offering different services to investors … [Read more...] about Are FinTechs building wealth for Indians?
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The economic recovery is off target. Photo: Justin Sullivan/Getty Images The jobs didn’t clock in on Friday morning. Economists had expected the U.S. economy to add about 1 million jobs in April. Instead, payrolls expanded by only 266,000, according to the government’s new labor market report . Meanwhile, March’s robust 916,000 job gain was revised down to 770,000. This perplexed pundits and policy wonks. After all, the stimulus checks have all been sent. COVID cases are down and the vaccination rate is up. Weekly jobless claims — a gauge of how many Americans are being laid off — have fallen steadily in recent weeks. Consumer confidence is at 14-month high, and the housing market is booming. So where are the jobs? And, more to the point, should their shocking scarcity change how we conceptualize the post-COVID recovery? To this point, analysts had expected the labor market to rapidly rebound, thanks to a combination of strong fiscal support and robust economic … [Read more...] about 5 Explanations for April’s Bad Jobs Report
Bottom line: In addition to the quarterly reports on HDD failure rates published by Backblaze, the cloud backup and storage company has now added SSD boot drives to its data starting with Q1 2021. As Backblaze notes, these drives are fairly recent compared to their HDD counterparts (fewer drive days). However, even this preliminary data - for the latest quarter - shows a noticeable difference between annualized failure rate (AFR) for both categories, standing at under 1 percent for SSDs and just over 10 percent for HDDs. For its latest quarterly report on hard drive reliability, Backblaze notes four models that stood out with zero drive failures through the first three months of 2021. Among these are Seagate's 6TB and Toshiba's 4TB disks, which have an average age of almost six years with lifetime annualized failure rates - April 2013 to March 2021 - coming in at under 1 percent. The other two drives are much newer additions to this testing, and include the Toshiba 16TB MG08 … [Read more...] about Backblaze’s latest storage reliability figures add SSD boot drive failure rates to the mix
Clockwise from top left: The French Dispatch , In the Heights , Dune , and House of Gucci . Photo: Clockwise from Top Left: Searchlight Pictures, Warner Bros., MGM The Academy Awards are in crisis — even more than those other times they were in crisis. With a field made up almost entirely of streaming and VOD releases, this year’s Oscars ceremony pulled in record-low viewership . Even worse than the poor ratings, though, was the sense that, for much of the entertainment-going public, the Oscars had become an afterthought. Without any popular titles in the mix, Hollywood’s biggest night had become a niche product. Fortunately, there’s one tiny glimmer of hope. We have proof that Oscar ratings are not fated by God to always go down every year: For the 2019 telecast, the trend briefly reversed . As I’m sure everyone in the Academy has noticed, that was the year the Best Picture field was stacked with massive theatrical hits, including Black Panther , Bohemian … [Read more...] about These Are the Movies the Academy Is Counting On to Save the Oscars
For a dozen laps near the end of last Sunday’s race in Kansas, it appeared Chip Ganassi Racing’s Ross Chastain , hovering around the top five, would create a new best moment for his 2021 season. It’d perhaps surpass his most memorable moment to date — an attempt at viral marketing that didn’t occur on the racing surface — but swept away in a bevy of cautions and restarts, a highlight result failed to materialize. He finished 14th. To casual observers, Chastain’s been invisible for the majority of his first full season in playoff-caliber Cup Series equipment, but that might not be an indictment on his driving ability. Similarly, Kurt Busch fell below the playoff cutoff following a nondescript 15th-place Kansas finish with no stage points, piloting equipment from the same source. The current Ganassi lineup consists of an aging former champion (Busch) and an unproven Cup driver who came at a relative pittance (Chastain). How they were built around for the 2021 season suggests … [Read more...] about Analysis: Strengths present, not always utilized by Ganassi teams