In a country where the concept of financial activism is still, well, only a concept, the opposition by shareholders to a salary increase proposal at the Tata Motors AGM came as such a surprise that financial editors immediately put this development on the front pages of their papers across the country.Which is kind of an irony because this country otherwise celebrates the daring of a celebrated Indian picking up salt to defy the might of the British empire, but when it comes to evoking even a watered-down version of that courage in the face of financial misdemeanors, you won't find even five from millions of this country's investors who will dare to say 'Let me see how they get away with this!'What makes us cowards in the financial domain?A defaulting company reportedly deployed bouncers at its AGM to dissuade belligerent shareholders from raising uncomfortable questions. A steel company reported the theft (thus so!) of its complete plant and machinery and not one shareholder took the

Cowards in the financial domain

Business Standard

The moral of the Aban Offshore story is this: Those dismissing debt-heavy companies could be missing the next multi-baggers

Debt doesn't mean dead

Mudar Patherya

At a time when nobody on markets is putting even his loose change on real estate stocks, the one company that has got me to alter my bias is Puravankara

Sweet spot for consumers

A market is at the end of the day a distillation of opinions, so like a faithful snoop I have spent the past couple of days talking to market players

Market direction: Sure and not sure

This column is being written in praise of the suddenly-forgotten art of being conservative.Awkward time to be writing such 'trash' but let me be the ostrich.I am not saying that we are headed for a bearish market but what I am saying is that all blue sky markets are built around the foundations of some grey, conservatism and that notoriously new animal called 'black swanism'.Before this column is dismissed as the work of a perpetual cribster set out to interrupt this national carnival, let me tell you about 1984. Ms (Indira) Gandhi had been assassinated and the general consensus was that there would be blood in the ring when the markets re-opened. Sure enough, the markets opened weak but something interesting happened thereafter on the Calcutta Stock Exchange. A number of jobbers went to a sworn bear called Debuji. Debuji was the perpetual pessimist; each time shares rose, Debuji shorted, earned a fortnightly badla and lived off our optimism. Literally.Now that the 'great banyan' had f

A case for contra-optimism

The sentence most commonly spoken on our stock markets is "Kahaan tak jaayega?" So let us understand where this bull market is coming from in the first place.One, this bull market has been inspired by something that has possibly never transpired in the history of this country - a self-proclaimed pro-business right-leaning government as opposed to socialist governments that inspired similar bull runs in the past (1985 and 1991) - which inspires a corresponding pricing.Two, this rebound comes after an extended downtrend, so it is not only fuelled by a hope of what the new government may achieve but also by a relief that the worst is over. Quite like the frenzied re-stocking of inventory following years of structural leanness, you don't want to be caught with an empty shelf when the customer arrives.Three, the bull market is the result of a fortuitous convergence of high global liquidity on the one hand and a relative global under-investment in India.Four, this bull market is different fr

10 reasons for the bull run

…You offer your broker a car each morning so he doesn't need to take the Mumbai local to get to the terminal by 9.19 am.…The pink papers are the first to disappear from your lap when you fall asleep on an IndigGo flight.…Every third executive works through the day with the Moneycontrol site minimised on his computer screen…The excitement in otherwise pin-drop offices is not about Kolkata Knight Riders's victory but PTC India Financial hitting another circuit.…Old-timers get nostalgic about V P Singh's 1985 Budget and Manmohan Singh's game-changing 1991 Budget but conclude 'this one is different.'…Karvy says the Sensex will hit 100,000 by 2020 and people say 'that late?'…You use the wisened 'book your profit' line in evening conversation and people arch their eyebrows with that elevator look as if your clothes didn't fit.…Even Ridham Desai (managing director of Morgan Stanley) says it would be better for investors not to get too cheeky about buying on declines because 'y

It's a bull run when…

Chandigarh, Haryana (India), January 7: Kushmanda Cosmetics Pvt. Ltd. has announced the launch of Born16, a need-of-the-hour colour cosmetics brand designed specifically for Indian women. The brand comes as a solution to address long-standing beauty challenges faced by women in the country.

New Colour Cosmetics Brand Born16 Intends to Empower Women Across India

Mumbai (Maharashtra) [India], January 7,: In a statement that underscores the brand's robust growth, Meal of the Moment (MOM) - a homegrown nutritious snacking brand - has announced that it is targeting an ambitious topline of INR 150 cr. in 2025. Founded in 2017, MOM has revolutionised the snacking category with their smart and wholesome food solutions that comprise 100 per cent natural ingredients.

Meal of the Moment, India\'s fastest-growing nutritious snacking brand, targets INR 150 cr topline in 2025

Mumbai (Maharashtra) [India], January 7: BRISKPE, a PayU-backed cross-border payment platform, has introduced a game-changing solution designed specifically to meet the needs of micro, small, and medium enterprises (MSMEs). This unified platform integrates account-to-account (A2A) transfers, card collections powered by PayU and PayPal, providing exporters, service providers, marketplace sellers and freelancers with unparalleled convenience and efficiency in managing international transactions.

BRISKPE Launches Unified Platform for Cross-Border Payments

Economic Survey had projected a GDP growth of 6.5 to 7%, this was later revised to 6.5% by the finance ministry in November 2024

GDP, India GDP

The Israeli military launched a wave of raids across the occupied West Bank overnight and into Tuesday, killing at least three Palestinians.
The army said it killed two Palestinian militants in an airstrike after they fired at troops in the area of Tamun, a village in the northern West Bank. It said another militant was killed in close-quarters combat in the nearby village of Taluza and that an Israeli soldier was severely wounded there.
The military said it arrested more than 20 suspected militants in different parts of the territory.
It said the overnight operations were not related to the shooting the day before, in which gunmen opened fire on a bus carrying Israelis in the West Bank, killing two women in their 70s and a 35-year-old policeman before fleeing the scene.
Israeli forces were pursuing those attackers in separate operations.
Palestinians have carried out scores of shooting, stabbing and car-ramming attacks against Israelis, especially during the past 15 months of the

Gaza conflict, Hamas, Israel, Palestine

The Union Budget for FY 2025-26 assumes significance as it comes on the back of lower than expected growth numbers in the second quarter and geopolitical uncertainty

Sitharaman

Indices decline over 1.5%; investors lose nearly Rs 11 trn

India’s benchmark indices rallied on Friday, mirroring gains in global equities, after the latest US economic data allayed fears of recession in the world’s biggest economy. The continued buying support from domestic investors added to the market buo

India's benchmark indices rallied on Friday, mirroring gains in global equities, after the latest US economic data allayed fears of recession in the world's biggest economy. The continued buying support from domestic investors added to the market buo

So far, IIFCL has sanctioned loans worth Rs 2.8 trillion, with disbursements totalling Rs 1.4 trillion, of which 50 per cent has occurred in the last 4-5 years

Department of Financial Services (DFS) Secretary M Nagaraju

The centre of the quake was 93 km North East of Lobuche, Nepal and struck the region at 06:35:16 IST today

Earthquake

Markets Today Highlights: Among the broader markets, small-cap shares outperformed others, with the Nifty Smallcap100 ending up 1.35 per cent

Stock Market, BSE, NSE, Nifty, Capital

Four Kirloskar companies on Saturday said they have filed an appeal before the Securities Appellate Tribunal challenging the SEBI letter asking them to disclose the deed of family settlement that was signed by members of the Kirloskar family on September 11, 2009.
In a joint statement, the Kirloskar companies -- Kirloskar Ferrous Industries Ltd (KFIL), Kirloskar Industries Ltd (KIL), Kirloskar Pneumatic Company Ltd, Kirloskar Oil Engines Ltd -- said they have filed the appeal before SAT challenging the SEBI letter dated December 30, 2024 wherein the market regulator advised them to disclose the Deed of Family Settlement (DDS).
On December 31, these companies stated that they were preparing to legally challenge the letter by SEBI.
The markets watchdog in its letter stated that "since the DFS is subsisting in nature, indirectly creates a restriction on the listed entities managed/promoted by the parties to such DFS, warrants disclosure, regardless of whether such listed entity is a ..

Kirloskar Industries Ltd (Photo: Kirloskar)

Kirloskar Industries Ltd

A mob on Saturday pelted stones at the firm in Pithampur in Madhya Pradesh's Dhar district where 337 tonnes of Union Carbide waste linked to the Bhopal gas tragedy is proposed to be incinerated, a police official said.
A mob of 100-150 persons pelted stones at the gate of the unit, Pithampur police station inspector Om Prakash Ahir told PTI.  A probe is underway to identify those behind the incident and take further legal action, Ahir added.  The incident comes a day after the town was rocked by protests against the disposal plan amid a bandh call given by the Pithampur Bachao Samiti.  On Friday, a mob of 500-600 persons had marched to Ramky Group's Industrial Waste Management Private Limited premises, where the waste is set to be incinerated, but police managed to disperse them in time.  Hours later, the district administration had clamped prohibitory orders under section 163 of Bharatiya Nagarik Surakhsa Sanhita (BNSS) around the premises of the unit.
It will be in force till ...

Bhopal gas tragedy

Aussie head coach also said the team wasn't shocked by Pant's explosive turn in the second innings, where he quickly changed gears

Rishabh Pant

Kerala Health Minister Veena George on Saturday said the state government is closely monitoring the news reports about the massive outbreak of viral fever and respiratory infection in China and said there is no need to panic as of now.
In a Facebook post, George said there have been no reports so far about any virus found in China that could become pandemic or spread rapidly to other regions.
As Malayalees are there in all parts of the world and expatriates frequently come to the state, including from China, extra caution should be exercised, she said.
"We are monitoring the situation in China. If an outbreak is detected that has the potential to spread to other areas, we can check its spread very quickly," she said.
The minister also urged people, especially pregnant women, children and elderly people, to take extra vigil and asked them to wear masks.
An official source said on Friday that the National Centre for Disease Control (NCDC) is closely monitoring respiratory and season

Veena George

US President Joe Biden has named former Secretary of State Hillary Clinton, fashion designer Ralph Lauren, football superstar Lionel Messi, former Defence Secretary late Ashton Carter, and controversial investor George Soros, along with 14 others for the prestigious Presidential Medal of Freedom.
The Presidential Medal of Freedom, which is the Nation's highest civilian honour, would be presented to the awardees at a White House ceremony by Biden Saturday afternoon.
The prestigious award is presented to individuals who have made exemplary contributions to the prosperity, values, or security of the United States, world peace, or other significant societal, public or private endeavours, the White House said Saturday.
Biden believes great leaders keep the faith, give everyone a fair shot, and put decency above all else. These nineteen individuals are great leaders who have made America and the world a better place.
They are great leaders because they are good people who have made ...

In smaller Indian cities and towns, where opportunities for advancement are few and dwindling, the nounis emerging as something of a social and cultural phenomenon

Phone, social media, mobile phones

He cited the 'Sheeshmahal' as an example, referencing a report by a leading newspaper revealing excessive expenditure on the Delhi CM's residence, based on the CAG report

Sanjay Raut

Battery swapping will only increase the cost for a consumer to run the vehicle, say e2W players

electric two wheeler

Travel booking major OYO has launched a new check-in policy for partner hotels, starting from Meerut, introducing guidelines effective this year whereby unmarried couples will no longer be welcome to check in.
Under the revised policy, all couples will be asked to present valid proof of relationship at the time of check-in, including for bookings made online. OYO has empowered its partner hotels' discretion to decline couple bookings based on their judgment, aligning with local social sensibility, the company said.
OYO has given the directive to its partner hotels in Meerut to ensure this with immediate effect. Based on ground feedback, the company may expand this to more cities, people familiar with the policy change said.
"OYO has received feedback in the past from civil society groups especially in Meerut urging action to address this issue. Additionally, residents from few other cities have petitioned for disallowing unmarried couples to check-in at OYO hotels," they said.
Pawa

Mudar Patherya

Mudar Patherya

Page 4 - Mudar Patherya

Cowards in the financial domain

Debt doesn't mean dead

Sweet spot for consumers

Market direction: Sure and not sure

A case for contra-optimism

10 reasons for the bull run

It's a bull run when…

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New Colour Cosmetics Brand Born16 Intends to Empower Women Across India

Meal of the Moment, India's fastest-growing nutritious snacking brand, targets INR 150 cr topline in 2025

BRISKPE Launches Unified Platform for Cross-Border Payments

Indian economy to grow at 6.4% in FY 2024-25: Govt

Israel launches raids across occupied West Bank, kills 3 Palestinians

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Jobs, growth, demand in focus as FinMin concludes pre-Budget talks

FPI selloff, HMPV scare drag markets to worst fall in three months

FinMin wants banks, NBFCs to join hands to fund large infra projects

95 killed, 130 injured after earthquake of magnitude 7.1 hits Tibet

Stock Market Closing Highlights: Sensex adds 234 points, Nifty at 23,708; Smallcap shares outperform