Good Morning! This newsletter is on the 1st day of its 2nd Week. We could not be more elated with the response we have got. This is just the start. We are looking to improve bit by bit (pun intended). You can write your suggestions here. We will wait for you.

Until then, here are:

Happy reading!

MARKET UPDATE

• BSE SENSEX : ₹59,028.91 (-0.28%)

• NIFTY 50 : ₹17,624.40 (-0.18%)

• NIFTY BANK : ₹39,445.90 (-0.53%)

• USD/INR : ₹79.69 (+0.09%)

• MCX GOLD : ₹50,477.00 (+0.39%)

• BRENT OIL : $88.61 (+1.03%)

• FII Net Cashflow : + ₹758.37 crores

• DII Net Cashflow : - ₹138.67 crores

(As of 11:00 PM 7th September 2022)

FINANCE

Piyush Goyal launches initiative to connect Indian startups with US investors

Key Facts:

• SETU is designed to break the geographic barriers Between US mentors willing to invest in entrepreneurship

• Axis Bank, Indian Bank, and Indian Overseas Bank are in the talks

• The startup advisory council had initiated in India in which mentorship is being initiated particularly in tier –II, III, and IV areas.

The Story:

Commerce and industry minister Piyush Goyal has launched an initiative SETU (Supporting Entrepreneurs Transformation and Upskilling) to Connect startups in India to US-based investors.

The initiative would connect startups in India to US-based investors and the startup ecosystem leader with mentorship and assistance in various areas, including funding, market access, and commercialization.

MAARG is inviting applications from across the world. To date, over 200mentors have been onboarded on MAARG across the globe. The interaction between the stakeholders will be supported through the mentorship portal under the startup India initiative MAARG (Mentorship, Advisory, Assistance, Resilience, and Growth) Program.

FMCG

Wow! Momo plans to penetrate the packaged food market with 2 new product launches

Key Facts:

• By introducing Cuppa Thupka, it will be competing with the likes of Nestle (Maggie) and ITC (Yippie)

• New CEO who was heading a 200-crore top-line frozen food business has been appointed to take charge and fulfill the goals of Wow! Momo

• Earlier launches were on BigBasket, Wow! Momo now aims at various grocery delivery apps and supermarket shelves

The Story:

The company recently launched frozen momos on BigBasket and marked its official entry into the frozen food segment. Now it plans to expand into packaged food segment with 2 new products. New plants have been set up in Okhla, New Delhi with a capacity to produce 2 lakh momos a day. Wow! Momo has significantly scaled up this year by importing machinery from Japan and Taiwan. A retail expansion is also on the cards for Wow! Momo as it aims to expand its retail outlets from 500 to 650 stores by the end of this year. Currently, 20-25 stores are being opened every month. They majorly plan to reach out to the rural areas by going beyond the Tier -1 cities.

The CEO in his words stated that the real Bharat resides in tier-2 and tier-3 cities and that’s what they want to target. In a round led by Tree line investment management, the company managed to raise C funding of 15 million. It was valued at Rs 1225 crore during the last round of funding.

AUTOMOTIVE

EV charging station market to exceed 119$B by 2030.

Key Facts:

• The valuation of the EV charging station market in 2021 is around $11B

• The Compounded annual growth rate (CAGR) 2022-2030 is expected to be around 27%

·       

The Story:

In the coming years, India’s EV market is expected to grow at a fast rate. According to a report by Colliers and indospace .The EV segment is expected to receive an investment of around 12.6B in the next 5 years. This investment will be seen as a boost in the aspirations of the Indian government to have around 30% of privately owned cars running on electricity. India’s EV market is expected to have annual sales of around  17M by 2030

 The adoption of EVs has taken a great boost with consumers becoming more environmentally conscious. By 2030, the DC portion of the market for EV charging stations is anticipated to increase at a rate of over 29%. This EV charging method was created to enable consumers to charge their cars more quickly. The private segment of EV charging market accounted for USD 1.9 billion in 2021.

TECH

iPhone 14 event: Everything Apple launched at its ‘Far Out’ show

The Story:

After almost a year of rumors and even more hype, Apple unveiled its coveted iPhone 14 series, a new Watch Series 8, and the next generation of AirPods Pro at its 'Far Out' event.

The new iPhone 14 and 14 Plus comes with a 6.1-inch and 6.7-inch OLED display with a notch. The two iPhones still run the A15 Bionic and have the same 12MP dual camera setup as last year's iPhone 13. The iPhone 14 and iPhone 14 Plus starts at Rs 79,900 and 89,900, respectively.

The iPhone 14 Pro, 14 Pro Max with the new "Dynamic Island," A16 Bionic, and improved camera setup with a 48MP primary camera come at a starting price of Rs 1,29,900 and Rs 1,39,900. Pre-orders start from September 9, with sales scheduled to begin from September 16 onwards. Meanwhile, the iPhone 14 Plus will go on sale starting October 9.

Also, the all-new Apple Watch Ultra with a 49mm titanium case, 60 hours of battery life, and precision dual-frequency GPS launched for Rs 89,900. Apple Watch Series 8 and Apple Watch SE 2 start from Rs 45,900 and Rs 29,900, respectively. The AirPods 2 with the new H2 chip comes at Rs 26,900

Want More Bits?

The ability of plants to raise vast amounts of water globally

When it comes to hoisting water, plants are real powerlifters.

For a tall tree, slurping hundreds of liters of water each day up to its leaves or needles, where photosynthesis takes place, can be quite a haul. Rising sap must somehow overcome gravity and resistance from plant tissues, even in short grasses and shrubs. The power required to lift sap to plant foliage has now been calculated in a first-of-its-kind study. It is enormous, almost equal to all hydroelectric power produced globally.

Over a year, plants harness 9.4 quadrillion watt-hours of sap-pumping power, which is about 90 percent of the amount of hydroelectric power produced worldwide in 2019.

Water from the leaf evaporates, creating a suction that draws sap upward. Unsurprisingly, locations with a high concentration of trees, particularly tropical rainforests, required the most power.