Sanjeev Sanyal: So, I think you need to look at how we were in March, in order to understand how we have been dealing with it. the kind of decisions we have been taking; Remember, much of what I am going to talk about is trying to make decisions in an environment of utter uncertainties, where the situation is evolving all the time. So, if you go back to the middle of March, we did not have much information about what exactly was happening on the health side, we knew that something fairly bad happened in Wuhan and then it was spreading to Italy. but, beyond that we really did not have much information. So, of course, like every government we asked for opinions from experts. We got a very wide range of outcomes, there were very negative ones which suggested that hundreds and millions of people will be affected, and lakhs of people would die by June. And then there were others, who believed that there was nothing much more than the bad flu. So, one thing we understood from the … [Read more...] about Exclusive I Sanjeev Sanyal on economic recovery, IBC, financial doles, gold monetisation scheme and more
Gronkowski playing defense
Not to be pessimistic, but an interesting parallel announcement with similar intent had occurred earlier – the lucrative world of ‘defence offsets’ introduced in 2005 and implemented since then. It was designed to boost Indian military-industrial capacity. Various changes were made to the offsets policy from ‘direct’ to ‘indirect’ model, from project based to ‘offsets multipliers’ from time to time. Various estimates were made to show how the industry had benefited from this policy. However, as the saying goes – more things change, more they remain the same – not much progress has happened in the offsets universe in India, resulting in perpetuation of ‘muddle through’ syndrome in Indian military industry. … [Read more...] about Before celebrating the import embargo on military items, worth checking the results of the defence offsets
India is one of the largest vaccine manufacturers globally by volume and provides 70 percent of UNICEF’s requirement. Various Indian players are at the forefront of the COVID-19 vaccine development and India is also attractive for clinical trials due to the incidence of myriad diseases, cheaper healthcare services, and favourable regulations. This completes India’s bouquet of offerings for vaccine developers and manufacturers. So, does this put India in an advantageous position? Will India play a key role in global vaccination? And is India ahead of the world in efforts to end COVID-19? … [Read more...] about 3-Point Analysis | Why does India have upper hand in global vaccine plan?
Still, Epic stopped short of saying whether it worked out a special arrangement with either company, or if it’s just daring them to take action against one of the world’s most popular video games. Either scenario will be interesting to watch, especially given the antitrust scrutiny both platforms are facing and Apple’s repeated claims that it treats all App Store developers equally. … [Read more...] about Epic just slashed prices on ‘Fortnite’ gear by sidestepping Apple and Google
On pure fintechs, I think there are far too many companies in the Indian fintech space and several have focused only on product and tech instead of credit and profitable growth. Companies which do not have sound credit are unlikely to survive. Companies that are not profitable will find it hard to raise debt and improve ROEs. We do expect some consolidation in the sector but we also expect some amazing companies to emerge and become bigger, stronger. We have made one investment in a fast-growing, profitable fintech called OfBusiness and will continue to look forward to making more such investments. … [Read more...] about EXCLUSIVE | COVID has hurtled India two-three years forward in its digital evolution: Norwest India’s Niren Shah