We like to talk Business and Finance. Figured we should do it for a living.
Today's conversation is Long-er than usual. Its a special day after all. Listen in while we discuss:
Netflix's Q3 Domination
Netflix reported Q3/18 results on Tuesday after market close. The spectacular rise of Netflix is a textbook example of evolution and disruption done right. The sizeable growth runway is highly encouraging but questions around generating free cash flow loom large. Greater-than-expected subscriber acquisitions, India strategy, Product partnerships and others - what drives the underlying kingpin in the global media landscape?
RBI Goes Tough on Data
In light of "new payment systems, players, and platforms" mushrooming in India, the Reserve Bank of India directed all relevant providers to localise their data in India within 6 months. The deadline closed on Monday, 15th October. While some like WhatsApp have complied with the guidelines, many others like Visa, Mastercard and American Express have expressed their dismay towards RBI's ruling, citing technology and compliance costs as one of the reasons. As the Central Bank refuses to budge, US firms request RBI for an extension of 12 months to comply with the Data Localization Regulation.
Can Buyers move Crude Oil?
Widening Current Account Deficit, Sliding Rupee and Rising Crude Oil prices have been a moving narrative for the last couple of weeks. Multiple efforts have been undertaken to curb the outflow of Dollar from India. The Five-point Economic Plan, impostion of customs duty on 19 "non-essential" items, introduction of NRI bonds, issuance of Masala bonds - being some of these. Multiple other factors aside, the biggest moving piece has been Crude Oil. This is evidence from the Prime Minister's recent meeting with the CEOs of Oil Companies, seeking review of payments to help the declining Rupee.
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