TMS Ep463: Food inflation, Yevgeny Prigozhin, primary market, AI hype
JUN 27, 2023
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After a late onset, monsoon seems to be finally making good time. It has covered almost 80% of the country -- arriving in Delhi and Mumbai at the same time. While the rains are again giving the civic bodies a tough time, the policy makers are a relieved lot. But how long will this relief last? Has monsoon solved this year’s food inflation problem?  Last weekend, when the monsoon clouds were progressing towards Delhi, neighbouring Russia was grappling with a different kind of march towards its capital Moscow. It was that of heavily armed Russian mercenaries led by former Vladimir Putin ally Yevgeny Prighozhin? While the march was cut short and Prighozhin was forced to leave the country, the development has certainly exposed chinks in Putin’s regime. Find out about the controversial Wagner leader and how he came into prominence in Russia.  Antony Blinken, the US Secretary of State, has described this rebellion as another crack in the Russian façade. The Russia-Ukraine conflict has dealt a big blow to the world economy. India too has been feeling the heat. In FY 23, IPO filings declined nearly 54%. But, this week, it seems, investors will be spoilt for choice as seven IPOs are set to hit the markets. The push comes amid a broad-based market revival. But, as global uncertainties keep secondary markets volatile, will this momentum in the primary market sustain?  Asset managers, meanwhile, are racing to develop artificial intelligence solutions that can help their clients get more returns. People are talking about AI’s application in almost every field. AI, it seems, now has baggage of expectations to carry. And a new term has been coined to explain this. It is AI hype. Today we explain what ‘AI hype’ is?
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