Points to Ponder, May 2026 Although the Citrini report makes a timely and cogent case of how the advent of AI agentic tools would destroy jobs and cause the death of intermediation, a deeper analysis of the same reveals some flaws. An important issue that Citrini seems to have glossed over is the crucial fact…

Points to Ponder, April 2026. Throughout recorded history so far, every single advance in technology, enhanced and supplemented human ability to achieve objectives determined by him. But for the first time, over the last four years or so, Artificial Intelligence (AI), the unravelling of which, is making it increasingly clear that AI, which initially will …

The last couple of years have witnessed record level of IPOs both in terms of numbers and aggregate funds raised. Fundraising through mainboard IPOs surged from ₹67,562 crore in FY 2023 to a record ₹1,82,460 crore in FY 2024, an increase of over 170%. Calendar year 2025 further saw approximately ₹1.95 lac crores raised across 373 issues, including both mainboard and…

The rupee is wilting under weight of the ballooning trade deficit and the persistent pull out by FPIs which has exceeded Rs 80000 crores so far this year. FPI holding of Indian equities has come down from 20% in 2017 to about 17% now. However, consistent inflows into mutual funds (MFs) have been holding up…

California Gold Rush of the 1840s & 1850s provided an important insight to the investors which has come to be dubbed as investing in “picks & shovels” stocks. During the gold rush, companies that produced and sold essential tools and accessories required by the hordes of miners turned in handsome profits regardless of the success…

The caption above was a screaming headline in one of the financial dailies recently, which succinctly describes the difference in the vision or mindset of the Western and Indian tech companies. Over three decades Indian tech companies made India the back office of the world. This was a sector that played the leadership role in…

There are many approaches to determine the valuation of the market or a stock. There is the capital asset pricing model, comparison with G-sec yields, Buffet’s market capitalization to GDP ratio or the popular earnings multiple approach, to name only a few. The last approach mentioned above, draws attention to two crucial variables, namely earnings…

Industry leaders, investors, banks & NBFCs along with economists have all been waiting eagerly for the conclusion of MPC (Monetary Policy Committee) deliberations and if RBI will effect one more cut in the repo rate (its policy rate) or maintain status quo. The suspense is now over since the RBI has opted for a pause…

Even as we head into COP30 (30th Conference of Parties) at Balem, Brazil, multilateral climate action is at crossroads. Negotiations on contentious issues like transitioning away from fossil fuels and obligations of developed countries to provide climate finance to emerging economies have been put on the back burner, indicating lack of interest of large developed…