
You Can Now Trade on How Much It Rains in Mumbai
India launched its first "weather derivative" named RAINMUMBAI - a financial instrument whose entire value is: "how much did it rain in Mumbai?" It's not as stupid as it sounds.

India launched its first "weather derivative" named RAINMUMBAI - a financial instrument whose entire value is: "how much did it rain in Mumbai?" It's not as stupid as it sounds.

In this edition: (1) the latest (and deadliest) episode in the Byjus saga, (2) India's probable U-turn on Chinese investors, and (3) a heated global takeover battle.

The RBI finally did it - Indian banks can now finance acquisitions. Over this article, we tell you the long and short of it.

Today, we unpack the legal mechanics of the ongoing wave of foreign-headquartered Indian startups returning home on confronting some awkward truths (i.e., reverse-flipping).