TMS EP452: Byju's debt crisis, Apple Vision Pro, market, sellers' inflation
JUN 12, 2023
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Byju’s -- India’s most valued start-up -- is in the news, yet again. It has defaulted on payment of $40 million to lenders in the US, and is reportedly effecting another round of lay-offs. US-based asset manager BlackRock too has slashed its valuation by 62%. Things clearly are not looking good, but is there a way out of this debt crisis for Byju’s?  On the other hand Byju’s has introduced generative artificial intelligence in its learning modules to provide students with personalised learning experiences. Worldwide companies are increasingly taking the help of technology to enhance services. Tech giant Apple too has taken another technological leap with its augmented reality headset, called Apple Vision Pro. This device seems to have taken the tech world by storm. So how will this much-anticipated headset change the user experience?  Looks like Apple has put in a lot of thought into making the new headset. Even people with prescription glasses can use it, as Apple has partnered with German opticals manufacturer Zeiss to create magnetic lenses that connect to the inside of the headset. Moving on, India’s stock market, recently, reclaimed its position as the world’s fifth largest market. Over the years, equity trading has seen many changes. One man who saw all these changes is Kisan R Choksey, the chairman-founder of KR Choksey Shares and Securities. In our next segment, Business Standard’s Puneet Wadhwa talks to Kisanbhai, as he is fondly called, to understand what has been his investing mantra over the years? In the first half of 2020, stock markets plummeted across the globe due to the onset of pandemic. The virus also disrupted supply chain, pushing prices of essential commodities. That bad phase is behind us, but prices haven’t come down. Economist Isabella called it “sellers’ inflation.
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