"In a lot of ways what people were trying to look for was behaviour change which is the hardest change to make happen. Imagine ten years ago there was no Ola, Uber or Flipkart...many of these brands did not exist...you cannot imagine your daily life without them now... somebody had to subsidise their market creation," Khanna said justifying the move of VC firms who poured in millions of dollars in India. … [Read more...] about India’s startup ecosystem in a correction mode: Trifecta Capital
Simply Save podcast | Can debt funds really assess credit risk? Coronavirus Essential podcast | Kerala see another wave of infections; MHA refutes lockdown 5.0 claims; SC takes note of migrant issue Taking Stock | Market rises for second day in a row; investors richer by nearly Rs 2 lakh cr in a day … [Read more...] about Coronavirus Essential podcast | RBI’s push to revive economy, does COVID-19 spread through corpses?
"Intas Pharma has grown at a fast pace and has a good product portfolio," added a fourth individual. It is one of the few Indian firms along with Aurobindo Pharma which has not focused solely on the US market and has also developed strong operations in Europe, he added. … [Read more...] about Exclusive | PE firm ChrysCapital to buy out Capital International’s stake in Intas Pharmaceuticals
As the vehicle and the novel progress, currencies tumble and banks fail. Packer dreams of living “in a chip, on a disk, as data, in whirl, in radiant spin, a consciousness saved from void”. Not so different from the dreams of some techno-futurists today. With typical bravado, he plans to extend the human experience “toward infinity as a medium for corporate growth and investment, for the accumulation of profits and vigorous reinvestment”. … [Read more...] about Reading Don Delillo’s ‘Cosmopolis’ during social and financial uncertainty
The history of CG and its functioning does give us some lessons. First, we should avoid multiple agencies handling different CGs. Second, the RBI or RBI-governed institutions generally fare better at financial tasks compared to the government and its agencies. The government should closely work with the RBI and heed its advice on not just CGs but other aspects of the fiscal stimulus as well, which relies greatly on the banking system. Third, we should be careful of moral hazard problems. This does not imply that one should not lend, fearing moral hazard. It is just that CG should not result in loan appraisals and follow-up not being done properly. Indian banking is already struggling with high NPAs and banks should take care to avoid any further rise. … [Read more...] about Credit guarantees of 1970s make a comeback