Apple and Alphabet’s freakish earnings broke this market barometer
It’s time to revamp a once-reliable gauge of stock returns that just couldn’t cope with Big Tech
Harris and Walz need more than weird memes and brat videos to win
The demographic that dominates internet discourse is not representative of the broader electorate
Online gaming drives economic growth, boosts GST collections
The online gaming sector has seen substantial growth, with revenues quadrupling since a 28% GST was imposed. The industry’s success boosts GST collections and drives significant economic impact, including job creation and investment
Delivery Diaries: Diversity tadka in Indian F&B — a brilliant interplay of local and global flavours
Indian food trends are shifting away from rigid statistical norms, embracing diverse and fusion cuisines through food delivery. It reflects a growing consumer appetite for variety, transforming the F&B sector with innovative offerings
The low-tax countries wooing the world’s wealthy
Countries such as the UK are tightening tax rules for well-off foreigners, while others are competing to offer them a new home
Hindenburg’s desperate attempts to target India’s economic and political ecosystem
The responsibility lies squarely on the government to protect the interests of its citizens and institutions. It cannot take a passive role leaving the defence to individuals
Chart of the Day | Will ethanol deliver for sugar mills in FY25?
Initial estimates point to a slight cut in the sugarcane output. The government too appears to be signalling mills to diversify into alternate feedstocks for ethanol, perhaps, a sign of times to come
Is Kamala Harris a better bet for India than Trump?
trapline: With Kamala Harris joining the U.S. presidential race, Indian leaders and diplomats are evaluating if she or the Republican candidate Donald Trump would be best for India. The evaluation is based on the assumption that Harris would continue with Biden’s foreign policy and Trump is unlikely to change his known attitude towards different issues.
How ‘Integral Humanism’ is on ample display in Modi government’s latest budget
Budget 2024 aligns with the BJP's ideology of Integral Humanism, emphasising unity, societal welfare, and cultural self-reliance. It promotes inclusivity through targeted schemes, prioritises disadvantaged regions, and supports self-reliance with strategic investments
Is there any taker for Muhammad Yunus's novel tip on global peace?
India can consider the creation of a separate ministry to promote regional peace and thereby enhance its global heft
RBI surveys indicate the Indian economy slowed in Q1, what are the expectations for Q2?
Looking ahead to Q2, RBI surveys show consumer optimism has taken a hit, as has the industrial outlook and loan demand prospects. The services and infrastructure sectors, however, are showing increased optimism
Rice stocks with government are at record levels; it’s time to allow exports
In the last 10 years, rice stocks were never as high but inflation is in double digits possibly because high procurement is squeezing supply in private market. Lifting export restrictions can ease pressure to procure and thereby restore balance
Fortis Healthcare’s diagnostic unit is a grown-up child who never leaves home
The diagnostics unit is facing growth headwinds amid change in brand name
SEBI needs to find a fine balance between regulation and market development on index derivatives
The regulator should keep one eye firmly on efficient price discovery, which is the core staple of a well-regulated capital market. This is a complex trade-off for SEBI to make
Sebi is under attack from malicious actors looking to weaken India
"Hindenburg may be a player or a willing conspirator in this “Discredit India” effort. Either way, the Indian government has to remain vigilant, for India’s rise will neither be uncontested nor automatic."
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
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
Nifty 50 hits record highs but is the market overvalued?
Market valuations suggest it's not overvalued despite elevated levels. Sector valuations show mixed signals
With growth robust, RBI will hold its stance till disinflation is satisfactory
RBI has highlighted a divergent policy stance from other central banks, fully committing to support a resilient economic growth with price stability
What burger flipping tells you about the US economy
The gains for low-paid workers have not been shared equally
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
My recession rule was meant to be broken
The Sahm rule indicates that the US is in the midst of a downturn, but it’s not quite there yet
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
GenAI, rather than the Anti-Trust verdict, may be the bigger threat to Google
The search industry is on the brink of a radical makeover because of Generative AI models – and Google, while an important player in the technology, has no inherent advantages
What's behind the recent stock market correction? The answer lies in Japan
The quantum and duration of the resulting correction in Indian stock markets will depend on how much more unwinding is expected from Yen carry traders, and how much more support can be expected from DIIs during the consequent FII outflows
