Indian banks are bracing themselves for an onslaught of bad loans brought on by the pandemic. The Indian Banks’ Association, an association of Indian banks and financial institutions, has a request of the central government. It asked the government to set up a “bad bank” to reduce the impact of the losses banks will face … Read more What makes a good bad bank?
The last decade has seen what is arguably one of the most dizzying periods of innovation and competition in technology. The next decade will most likely look very different, unless regulators in the world’s largest economies—like the US, India and Indonesia—decide to take on the growing concentration of tech power.Amazon, Apple, Facebook, Google and Microsoft … Read more No countries for young companies and small competitors
Do you know what they call those rotating trays or turntables often seen in Chinese restaurants? Lazy Susans. Source: peciriacks/Pixabay Do you know what they’re good for? Of course, you do. Passing food around with minimal friction and maximal efficiency, till it comes back to you. Round-tripping. Imagine moving money around the world, instead of food … Read more Round-tripping deserves a quiet time
India’s tensions with China are only getting worse by the day. The coronavirus brought on the boycotting of Chinese apps and Chinese products, as it is, but now tensions have peaked as three Indian soldiers were killed—confirmed deaths so far—after a violent face-off with Chinese military on Chinese borders. While these tensions will manifest … Read more A crypto showdown is on, but India’s out?
The loan moratorium theatre in India has entered a new phase, with the Supreme Court now involved. On 29 March, the country’s central bank, the Reserve Bank of India, allowed all borrowers to avail a moratorium—basically a holiday from paying any monthly installment—until 31 August. And that has become a bone of contention. … Read more In whose interest is it anyway?
“Dumb Money” In the world of investing, institutional investors like to be known as ‘smart money’ and the individual investors get to be called ‘dumb money’. And what better archetype for dumb, clueless investors than new users of the US investing app, Robinhood. So many of them signed up in droves as the … Read more Dumb money and smart money
If startups in India are the harbingers of change, then the payments industry has a gut punch coming its way. I was speaking to the co-founder of a payments startup called BharatPe, which caters to merchants. What he said will make the collective hair of payments companies stand. “I want to make MDR on … Read more The Zero MDR boogeyman is coming back
The money matters first. Indian pharma company Glenmark saw its share price trade at a new 52-week high on Monday, closing 27% higher. The rally was obviously on the back of the news it broke on Saturday that it had obtained “restricted use approval” for a drug called Favipiravir, to be used in mild to moderate … Read more Glenmark’s stock rises, standards for repurposed drugs must as well
Donald Trump is readying himself to walk the presidential plank later this year. That’s why it makes sense that his administration would announce a ban on issuing any more H-1B, H-2B, and L-1 visas till 31 December, 2020. Now, such news was bound to shock the Indian IT services sector to the core. Just … Read more Where does the H-1B ban hurt the most? It’s not an obvious answer
As the world’s longest and strictest lockdown is gradually relaxed, India’s job numbers have begun to improve. Its unemployment rate for the week ended 21 June was 8.5%—similar to pre-lockdown levels—according to the Centre for Monitoring Indian Economy (CMIE). This is a welcome fall from the peak of 27.1% in early May. If the … Read more The gloom in India’s falling jobless rate