Quietly, unobtrusively a significant change has been gathering momentum in the Indian economy over nearly the last 3 decades.  First it was the financial institutions, including banks, that have been gradually, but progressively shifting their focus from enterprises to retailers. In fact over the last decade, more and more banks have realized that an important…

Climate experts say, that the flutter of a butterfly in Hawaii might cause a cyclone in distant Mumbai! Such is the intricate interdependence of global climate systems. Present day economic interdependence between nations is no different despite nation-states claiming sovereignty over their zealously guarded territories. Russia’s invasion of Ukraine is still raging after over a…

It is that time of the year when many of us would be anxious to meet advance tax payment obligations and see if we can minimize our tax outgo. Although Finance Act 2021 has sought to simplify tax computation by, among other things, reducing the tax rates for those opting to forgo exemptions/deductions under various…

That change is the only constant over time may sound a bit trite to most of us. Yet the rate of change is changing so rapidly that we sometimes have to hark back to poets to make sense of the turmoil that is overtaking our lives. Following memorable lines from T. S. Eliot might be…

That change is the only constant over time may sound a bit trite to most of us. Yet the rate of change is changing so rapidly that we sometimes have to hark back to poets to make sense of the turmoil that is overtaking our lives. Following memorable lines from T. S. Eliot might be…

Deposit Insurance: Now that the Deposit Insurance & Credit Guarantee Corporation (DICGC), Amendment Bill 2021 has been promulgated, DICGC becomes liable to pay bank depositors when any direction, order or scheme is passed which prohibits the depositors of the insured bank from accessing their deposits. DICGC is required to pay the depositors the insured amount…

After hogging headlines for over two weeks, the 26th Conference of Parties (COP26) to the UN Framework Convention on Climate Change in Glasgow, where almost 200 countries came together to find ways to prevent global temperature rising beyond the critical threshold, has concluded. In terms of outcome, however, it is a case of mountains labouring…

Recently I was checking the prices of shares of some of the iconic companies in the US stock exchanges. Amazon Inc was going at $ 3500 while Alphabet (Google’s parent) was at $ 2450, which in rupee terms would be over 1.8 lacs. And if you wanted a share of Berkshire Hathaway, it would cost...

When the current crop of senior citizens were toddlers, their grandparents presumably, would herd them into a familiar corner of the corridor and as the evening shadows lengthened, conjure up a rich humid world of spirits and dreams made real by buzzing mosquitoes, prehistoric reptiles (which even Steven Spielberg wouldn’t have dreamed of), marsh rabbits...

Software driven platforms have come to increasingly rule our lives and now we have the flying horse, not from Greek mythology, but AI-enhanced cryptographic software Pegasus from Israel. It truly is a season of flying horses, start-ups and IPOs. IPOs are essential to provide fresh,high powered capital that drives investments and provides depth and diversity...