Daybreak

The Ken
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Daybreak

Business news is complex and overwhelming. It doesn’t have to be. Every day of the week, from Monday to Friday, Daybreak tells one business story that’s significant, simple and powerful. Hosted from The Ken’s newsroom by Snigdha Sharma and Rahel Philipose, Daybreak relies on years of original reporting and analysis by some of India’s most experienced and talented business journalists.

  1. 5 GIỜ TRƯỚC

    Truecaller beat Trai to the punch with spam-call fix

    For a country that boasts of its digital public goods infrastructure like Aadhar and UPI, it is a wonder why telecom has been so ignored. After nearly 1500 crore rupees of was reportedly lost to digital fraud in the financial year 2024, the govt’s Trai is finally scrambling to catch up with CPAN or the Calling Name Presentation (CNAP) service, its own version of Truecaller.  Truecaller, the Swedish call-screening company, meanwhile, has been holding the fort for a while now. Users count on it to save them from spam and fraud calls.  While TrueCaller maybe looking like a hero in this situation, it is a private company after all. It is using this opportunity to make money from both users and businesses. But its success in India is also built partially on how inadequate privacy laws are in India. The company has been accused of breaching data privacy norms in the past.  Can TRAI replace Truecaller?  Tune in. (This episode was first published in July, 2024)DAYBREAK UNWIND RECOMMENDATIONS for "coming of age"Rahel: Big Mouth, NetflixSnigdha: The Lives of Girls and Women by Alice Munro and Lady Bird (2017)Atish Deore: The works of PL Deshpande, a Marathi author and playwright Shubhangi: Derry Girls (2018)Brijesh: Where The Crawdads Sing by Delia Owens    Daybreak is now on WhatsApp at +918971108379. For next Thursday's Unwind, send us your recommendations to us as texts or voice notes. The theme is "favourite translated books."

    25 phút

  2. 1 NGÀY TRƯỚC

    How NRI quota became the golden ticket to med school for rich Indians

    Late last month, the Supreme Court made a very strong statement about NRI quotas at medical colleges. It essentially said that the whole thing was a fraud.  But the thing is, since the Supreme Court called it out, the practice has only gotten murkier. So The Ken reporter Alifiya Khan conducted an investigation. She scoured several social networking sites only to find countless posts promising seats in medical institutes to aspirants who scored way  below the required cutoff and even those who were hardly eligible for the NRI quota.  The only requirement? Well, applicants need to be ready to cough up some big bucks. The Ken wanted to see if there was something to these claims. So Alifiya went undercover. She posed as the sibling of a Maharashtra-based MBBS aspirant, with a measly NEET score of 180. She then contacted four education consultancies. And all of them, quite unsurprisingly, had boilerplate replies. The running thread – regardless of your score, they would hook you up with a medical college.  And yet, most people high up in medical colleges don’t want to let go of NRI quota. Because in many ways it is what keeps the whole system afloat. What’s going on?  Stay tuned.

    10 phút

  3. 2 NGÀY TRƯỚC

    Why the RBI's two-year-old Innovation Hub is intimidating fintechs

    There is an unusual one-of-kind competition brewing within the Indian fintech space. It is so disruptive that its leaving founders and chief executives of some of India’s biggest fintechs feeling pretty intimidated and also helpless.  The funny thing is, the brains behind this new competitor that’s left the whole industry feeling pretty blindsided is the Reserve Bank of India itself. It is a wholly-owned subsidiary of the banking regulator. And it’s called the Reserve Bank Innovation Hub or RBIH.  The RBIH has been around for two years now. It's a first-of-its kind sort of company, because it is led by a central bank. Now, perhaps its closest counterpart, would be the National Payments Corporation of India or NPCI. We all know it for creating the unified payments interface or UPI. The NPCI is owned by a consortium of banks, whereas the RBIH is wholly owned by the regulator.  It’s raison detre is simple: it’s meant to accelerate innovation across the financial sector.  But unlike the NPCI, which collaborates with lenders in some way or the other to develop its products, the RBIH asks lenders to participate. But for the most part, a lot of fintech founders say that it works in a silo.  Tune in.  We are now on WhatsApp at +918971108379! Text us or send us a voice note to tell us what you thought of this episode. Daybreak is produced from the newsroom of The Ken, India’s first subscriber-only business news platform. Subscribe for more exclusive, deeply-reported, and analytical business stories.

    12 phút

  4. 3 NGÀY TRƯỚC

    What makes Cred an 'unusual' fintech?

    Earlier this month, CRED, released its financials for the year ended March 2024 at a press conference. Cred claims to have about 13 million monthly active users. For the financial year ended March 2024, it saw revenue rise more than 60% to nearly $300 million, and losses shrink by around 40% to about U$70 million. Plus, its monthly transacting users grew by more than 30%. Shah said how it's the top 10% of households who drive 60% of consumption. Even with UPI, he said, it was the top 30–40 million that drove billions of UPI transactions. And out of that target audience, Cred claims to have about 13 million monthly active users. But Cred says it does not present the option to take a loan for many of its users. And while a little more than a third of them are qualified to borrow, only about 10% have taken on a loan. According to Shah, Cred has taken a deliberately conservative approach here, which is what makes Cred unusual and 'popular with the chief risk officers of banks in India.' Tune in. We are now on WhatsApp at +918971108379! Text us or send us a voice note to tell us what you thought of this episode. Daybreak is produced from the newsroom of The Ken, India’s first subscriber-only business news platform. Subscribe for more exclusive, deeply-reported, and analytical business stories.

    10 phút
  5. You don't need a prescription to buy an i-pill. What if that changed?

    6 NGÀY TRƯỚC

    You don't need a prescription to buy an i-pill. What if that changed?

    A little more than a week ago, we read a really strange piece of news. Apparently, an expert committee recommended the Drugs Controller General of India (DCGI) to ban the over the counter sale of emergency contraceptive pills like i-pill and Unwanted 72. They suggested  women should be only allowed to access it with a doctor’s prescription because of concerns over side effects.  This was weird for many reasons. One, levonorgestrel, which is what these pills contain, is one of the safest emergency contraceptives available in the world. It is approved by WHO and the FDA. In fact, it is so safe, that even breastfeeding women can take it. Second, these emergency contraceptive pills are already a part of the Indian  govt’s family welfare programme. It was approved by the DCGI back in 2001. Ten years later, the ministry of health even made it a part of the ASHA workers drug kit. Much to the relief of women, the DCGI came up with a clarification a few days later saying no such ban was going to take place. But the news brought us face to face with the possibility that something as life-changing as the emergency pill—the one saving grace women have when it comes to their reproductive rights and bodily autonomy—could be taken away, just like that. Despite our progressive policy on the matter and the fact that more than 60% of emergency contraceptive pills in our country are sold over the counter, women often hesitate to buy it themselves. The fear of judgment and shame comes in the way of access. In this episode, hosts Snigdha Sharma and Rahel Philipose talk to two experts, Vinoj Manning, the CEO of the Ipas Development Foundation, and Leeza Mangaldas, a sex educator and author of The Sex Book, about about this chasm that exists between our seemingly progressive policies and our actual society and its attitude towards emergency contraceptive pills and women's reproductive rights. Tune in! We are now on WhatsApp at +918971108379! Text us or send us a voice note to tell us what you thought of this episode. Daybreak is produced from the newsroom of The Ken, India’s first subscriber-only business news platform. Subscribe for more exclusive, deeply-reported, and analytical business stories.

    42 phút

  6. 16 THG 10

    Theobroma's dilemma: how to continue scaling while staying true to the 'artisanal' identity

    Back in 2004, two sisters, Kainaz and Tina Messman, decided to turn their life-long passion for food and baking into a full fledged business. They set up Theobroma, a small cafe tucked away in a corner of Mumbai’s posh Colaba. Today, there are more than 200 Theobroma outlets in over 30 cities across the country.  The bakery chain’s evolution has been nothing short of remarkable. It has managed to build a profitable business that too in a category known to have products with one of the shortest shelf lives. The chain now commands a valuation of well over Rs 3,000 crore. In fact, investors like Chrys Capital, Bain Capital and Carlyle Group are queueing up to buy the 20-year-old brand.  But being in the big leagues has meant changing up its strategy. Over the years, Theorobroma has cut down the number of baked and semi-baked items on its menu, and instead filled their shelves with longer lasting products like cookies.  It’s been able to do that because of its massive, centrally located commissaries. And these strategic shifts have paid off big time. Because now investors are valuing the company at 7-9X its revenue. All of this is good news for its current promoters, the Messman sisters and the private equity investor ICICI Ventures, which invested $20 million between 2017 and 2019. Both are likely to exit with handsome returns.  But once that happens, where would that leave Theobroma? Most industry experts say that sailing through with new owners is no picnic. Tune in. Daybreak Unwind recommendations for folk songs:Rahel: Genda Phool, Delhi 6, 2009Snigdha: Sketches of Darjeeling by Bipul Chettri, 2014Anushka:  Mor Bani Thanghat Kare by Jhaverchand MeghaniHari: Kalakkatha Sandana Meram by Nanjamma **Correction: Snigdha mistakenly said Mame Khan instead of Mangey Khan while talking about the Manganiyar singer's death. The error is deeply regretted.Daybreak is now on WhatsApp at +918971108379. For next Thursday's Unwind, send us your recommendations to us as texts or voice notes. The theme is "coming of age."

    21 phút

  7. 15 THG 10

    Are two struggling denim brands enough to build a poor man's Reliance brands?

    Today, most conventional or slow clothing brands like Lee, Wrangler, United Colours of Benetton, Pepe Jeans and Levi’s are facing a tough new reality where they aren’t just trying to outperform each other. They are also up against fast fashion brands that are now dominating the industry.  In the process, many of these slow brands have lost relevance in the larger scheme of things.  In this episode we are going to talk about two of these brands in particular – Lee and Wrangler. Both are international brands that were launched in India in the late 80s and early 90s. But neither really took off.  But now, they are trying to make a comeback. And behind this comeback is a Bengaluru based retail company called Ace Turtle. It wants to build a mini version of Indian conglomerate Reliance Brands Limited. That’s a pretty ambitious goal, considering the brands in their lineup couldn’t be more different. Tune in. Daybreak is now on WhatsApp at +918971108379. For next Thursday's Unwind, send us your recommendations to us as texts or voice notes. The theme is "favourite folk songs."

    12 phút

  8. 14 THG 10

    Zomato is on a collision course with India's largest ticketing platform — Bookmyshow

    Earlier this year, Zomato acquired ticketing platform Paytm Insider. With this, Zomato was able to take its 'going out' strategy to the next level.  Since 2018, Zomato has been holding live events. You have probably heard of its its massive carnival-style event called Zomaland. The idea behind it is simple: a big part of going to a movie, or a music festival, or pretty much any live event is the food and drinks.  So by being associated with live events, Zomato is able to expand the company’s reach from just restaurants to other spaces where food and beverages are consumed. The Insider acquisition takes this to a whole other level. It will place Zomato in the big leagues and really shake up India’s live-events sector.  But so far, this has been a space dominated by one player – BookMyShow. For a long time now, it has been the default choice for both users and big artists because it offers discoverability and visibility like no one else does.  But at the same time, it has also been facing some heat for not providing a great customer experience. Case in point: the recent Coldplay fiasco. This is exactly where a formidable rival like Insider could come in and shake things up. In fact, Zomato’s shadow is already looming. Tune in.  Daybreak is now on WhatsApp at +918971108379. For next Thursday's Unwind, send us your recommendations to us as texts or voice notes. The theme is "favourite folk songs."

    12 phút
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Giới Thiệu

Business news is complex and overwhelming. It doesn’t have to be. Every day of the week, from Monday to Friday, Daybreak tells one business story that’s significant, simple and powerful. Hosted from The Ken’s newsroom by Snigdha Sharma and Rahel Philipose, Daybreak relies on years of original reporting and analysis by some of India’s most experienced and talented business journalists.

Thông Tin

  • Kênh
    The Ken
  • Nhà sáng tạo
    The Ken
  • Năm hoạt động
    2022 - 2024
  • Tập
    343
  • Xếp hạng
    Sạch
  • Bản quyền
    © (c) 2023 The Ken
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    Daybreak

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