TMS Ep527: Akasa Air trouble, Twitter paywall, markets, household savings

Just over a year after takeoff, Akasa Air experienced turbulence. The company had to cancel several flights after more than forty pilots recently pressed the eject button. Reports of a financial crisis are also circulating. But the budget airline seems unperturbed. It has moved the Delhi court to take action against the pilots and plans to double their strength. So what exactly is going on in the airline, a dream project of the late billionaire investor Rakesh Jhunjhunwala?

Twitter, now called His dramatic entrance into Twitter’s headquarters is still fresh in people’s minds. That also applies to the blue check mark, the saga of verified accounts. And later the name change. And now Musk is toying with yet another idea. He is considering turning the platform into a paid site. But are you going to pay for it?

Thanks to Musk, the lives of X users have indeed become eventful. Meanwhile, Indian investors are also getting the same feeling. Last week was eventful for the Indian markets. While equities were hit by the US Fed’s bearish commentary and the India-Canada divide, bond markets welcomed the inclusion of domestic debt securities in JP Morgan’s emerging market index. So what’s in store for the Indian financial markets this week?

But all is not well outside the glittering Dalal Street. Rising inflation and almost stagnant income are hitting the common man hard. Household savings have fallen to the lowest level in almost five decades. This is evident from a recent RBI report. But what do households’ net financial savings mean? And why is it important? Listen to this episode of the podcast for answers.