BUSINESS
Harnessing AI for India’s Growth: The case for establishing a dedicated AI ministry
India should establish a dedicated AI ministry to unify policies, foster innovation, and address ethical concerns. This move would harness AI’s potential for economic growth, global leadership, and social progress, positioning India as a leader in the AI landscape
BUSINESS
Chart of the Day: Earnings upgrade momentum weakens for FY25
June quarter earnings were subdued because of lower sales volumes and volatile input costs
INDIA
A pathway to transform India’s ports
Like the Logistics Policy, where the central government led the way; creating guidelines and states subsequently developing their own aligned versions, India needs to follow the same pattern as far the maritime policies are concerned
BUSINESS
The Reading List: August 16, 2024
A list of articles and social media gems from the world of economy, business and finance curated by our research and opinion teams for you to catch up on your weekend read
BUSINESS
Chart of the Day: Factors that could tighten liquidity in coming weeks
Government spending has been a harder variable to predict
BUSINESS
Supreme Court sought balance in mineral extraction judgement but more litigation appears inevitable
The Court's pronouncement has been met with considerable alarm and disappointment from the industry stakeholders. While the provision for staggered payment over 12 years offers some respite, the persistence of a 20-year tax liability represents a considerable financial obligation
POLITICS
Supreme Court walks a tightrope in allowing states to retrospectively levy tax on mineral extraction
Supreme Court has given effect to states right to levy a tax on mineral extraction with retrospective effect. The Court has held that it generally does not apply a judgment prospectively when upholding the legislative competence of states. However, states have been left with the discretion to forego the dues prior to July 25, 2024. So, a lot depends on the approach that respective states adopt now
TECHNOLOGY
EV competitiveness is based on mastery of design by the manufacturer
The vertical design integration model works on the premise that in the automobile industry value chain, the biggest opportunity to reduce cost is at the design stage and not so much in manufacturing
BUSINESS
ESG Disclosures: Navigating corporate misconduct and investor confidence
India's regulatory landscape for ESG disclosures has evolved from voluntary guidelines to mandatory BRSR reports for top firms. Recent corporate misconduct highlights the importance of robust governance, with investors increasingly scrutinizing ESG disclosures to mitigate risks and bolster trust
BUSINESS
Chart of the Day | Comparing MSCI India and Nifty
While both indices are constructed using the free float market capitalisation method, the MSCI India Index applies a special adjustment called the Foreign Inclusion Factor (FIF) and foreign room
INDIA
Competition Commission’s standard to gauge cartelization is in the midst of a quiet change
Data and a July order of CCI which reversed an earlier decision indicates a shift in the standard of proof required in order to establish a contravention. Preponderance of probabilities may no longer be sufficient
BUSINESS
Budgetary GST reforms will help improve ease of doing business, new age businesses & increase investor confidence
The changes are expected to benefit multiple sectors, particularly small and medium business, for whom tax litigations can often spell a death sentence
BUSINESS
The Reading List: August 9, 2024
Our research and opinion teams have curated articles and social media gems from the world of economy, business and finance for you catch up on the weekend
BUSINESS
A golden opportunity beckons
Budget’s proposal to reduce import duty on gold opens the door to transform the entire sector. Government should consider establishing price benchmarks and quality standards that will align with a body such as London Bullion Market Association
BUSINESS
Chart of the Day: Revenue, earnings growth set to moderate in FY2025
The impact of cost push inflation and erratic demand, which led to volatility in corporate performance is set to normalise
INDIA
India's Arbitration Reform: Enhancing neutrality and global standing
India's arbitration landscape has undergone a remarkable transformation, shifting from unpredictable court interference to a more arbitration-friendly environment. Recent amendments emphasize the need for an arbitrators' independence and impartiality, to enhance the country’s global arbitration credibility
BUSINESS
Chart of the Day: Monetary Policy Committee has a rich history of dissent, but no split
MPC members have differed not just in policy rate changes but also the stance.
INDIA
Climate Calamity: Unchecked development, ignored warnings trigger environmental catastrophe
The relentless pursuit of development over the past decade has led to severe ecological damage, including species extinction, flooding, and landslides. Neglecting numerous expert warnings and recommendations, has exacerbated the crisis. There is an urgent need for responsible environmental stewardship
BUSINESS
A ‘Make in India’ approach to craft digitally sound regulations for sustainable growth
India's Digital Public Infrastructure (DPI), including Aadhaar and UPI, has dramatically reduced the digital divide and spurred growth. Effective regulation embedded in technology can further this success, potentially transforming global digital regulatory approaches
BUSINESS
Chart of the day | FPI holding at 12-year low, what that means for markets
The growing equity cult in the country has led to a narrowing of the gap between foreign portfolio investors and domestic investors, giving the latter more sway over markets
BUSINESS
Strengthening IP Securitisation in India: Legal reforms and financing innovations needed
Over the past two decades, intellectual property (IP) securitisation has gained prominence in securing debt financing. India's IP financing ecosystem, though nascent, could benefit significantly from robust securitisation practices and legislative improvements, similar to initiatives in other economies
STOCKS
Japan triggers a tsunami in the market, but is it powerful enough to continue?
The Japanese Yen is not the only concern troubling the market. Disappointing economic data from the US and the growing risk of further escalation in the Middle East compound the issues
BUSINESS
Chart of the Day | The message from global food inflation for the MPC
A sharp fall in the global prices of cereals is good news but edible oils are up, with the FAO Food Price index declining in July. Domestic inflation in cereals wheat and rice has also softened
BUSINESS
The Reading List: August 2, 2024
Our research and opinion teams have curated articles and social media gems from the world of economy, business and finance for you catch up on the weekend
