The secret behind premiumisation, revealed by the Household Consumer Expenditure Survey
The top 5 percent of the urban population accounted for 21.7 percent of the increase in urban consumption between 2011-12 and 2022-23, a category that is driving demand for premium goods and services
JP Morgan's Kolanovic has the chutzpah Wall Street strategists needs
One of the most frustrating features of today’s Wall Street is the surfeit of homogenous research that says a lot without saying very much at all. The majority of sell-side equity strategists tend to offer relatively predictable calls — typically within 5-10% of the median — and only change their views when the rest of the herd does as well, often when market moves leave little choice
Climate Crisis: EU steers carbon markets to a brighter future with two new rules
A provisional deal to compile rules for certifying carbon-removal credits — the Carbon Removal Certification Framework (CRCF) — is the first time there is a policy which clearly defines quality carbon removal and seeks to quantify it. The Green Claims Directive seeks to stop greenwashing; companies must get approval for any environmental marketing claims before using them. Lawbreakers may face fines of at least at 4 percent of their annual turnover
Goldman Sachs trades at a discount. Here’s why
Goldman is not alone in trading at a substantially lower price-earnings ratio than the broader S&P 500 Index: All investment banks generate unpredictable profits, juggle tensions between how shareholders and employees divvy up earnings, and endure regulatory whims over how much capital they must retain
Moneycontrol Pro Panorama | What is driving India’s property market?
In today's edition of Moneycontrol Pro Panorama: The new Telecom Act needs to address surveillance concerns, skillful trading is a mind game, energy sector gets a major boost, clearer green energy rules a must, and more
Household Consumption Survey: A worrying concentration of income that doesn’t help industrial growth
The average for the most well-off 5 percent in urban areas still falls short of Rs 21,000. One percent of India’s population is 14 million. A consuming class of 2 percent of the population would be roughly as large as Belgium and the Netherlands put together. Indians shouldn’t be happy with the statistical reduction in poverty. Growth in industrial demand and a mass market depend on growing purchasing power with the masses. A growth strategy, with special focus on education, making India’s youth employable and generating income at a high level of productivity, is needed
Oil and gas profits triple under Joe Biden even as industry decries him
The country’s top-10 listed operators by value are on track to have amassed combined net income of $313bn in the first three years of the Biden administration, up from $112bn during the same period under Donald Trump
Household Expenditure Survey: Consumption still the key driver but its patterns are changing
For India Inc, overall, the data seems to hold out some hope. The surge in non-food spending of rural households, especially under durables, services, travel, transportation and the shift away from cereals to pricier items and processed foods should be encouraging news for industry and manufacturing
Open-source software is worth a lot more than you pay for it
A new estimate finds that the worldwide value of all open-source software is about $8.8 trillion. To place that in perspective, about $3.4 trillion was spent on commercial software globally in 2020. The $8.8 trillion figure is more than double the current GDP of India at current market exchange rates. It’s almost triple the latest market capitalizations of Apple and Microsoft
How RSS churns out millions of disciplined cadres through unique process of ‘Shakha’
RSSFACTS: The Shakha has produced millions of volunteers, thousands of full-time workers who have dedicated their lives for the organisation and the cause. A ‘Shakha’ is the backbone of the RSS
Development on faster track? Clearer green rules a must
The economy needs development projects to keep the growth momentum going, but this should not come at the cost of the environment
Invoking Sixth Sense and its role in business & investing
Having been taught to mistrust our bodies, to mistrust our intuition, to mistrust any information that is not analytical, we are now cut off from the feminine core of our intelligence—the belly brain. Instead, we live, think, feel, and experience from a head-based, masculine perspective, which is hugely distorting
Trading mindfully for success, Michael Phelps style
Mind over matter gives a crucial edge even in trading. How champion swimmers and F1 drivers train their mind is how a top trader must too
Chart of the Day: India’s electricity demand set to outpace China and world
As per IEA, India is estimated to add additional electricity demand equivalent to the current consumption of the United Kingdom over the next three years
Telecommunications Act, 2023, will need to address concerns of government interception and surveillance
The Telecommunications Act, 2023, is a part of larger slew of measures to modernise and update the digital and communications industry, but it is essential that the concerns on government surveillance and interception be given due attention
Can PM’s project push help the energy sector power ahead?
While fresh power capacity addition is essential, close monitoring and efficient execution of projects under implementation are a must to help in a just energy transition
A profile of the seriously weird average Indian consumer, from the Household Consumer Expenditure Survey
We have a picture of the average Indian consumer grabbing a carton of milk in the morning before riding long distances to work, gorging on vada pav and snacks for lunch, washed down with a cold drink, dropping in to buy a toaster or microwave on the way back to her hovel, and ordering cooked meals for dinner while carefully avoiding the dal and vegetables and putting up her feet while knocking back a peg or two of the local hooch
How India’s UPI and Brazil’s Pix are fast pushing the financial inclusion pedal
India and Brazil have heavily invested in digital technologies to accelerate financial inclusion. The success of UPI and Pix hinges on fundamental factors like smartphone ownership, bank accounts, and internet access
Moneycontrol Pro Panorama | Is the rural consumption slowdown a mirage?
In this edition of Moneycontrol Pro Panorama: Learnings for India on how to set up semiconductor facilities, Putin to get re-elected as western sanctions fail, startup ecosystem needs a regulatory overhaul, time new CPI data is released, and more
What have you made on private equity? Who knows?!
The internal rate of return metric used by private-capital managers has long had critics in finance and academia because it is easily manipulated and hard to compare with the transparent returns of, say, stocks and bonds. Still, it survives because there is no killer alternative
Bengal: Why Mamata Banerjee revived seat-sharing talks with Congress
AAP sealing a pre-poll alliance with Congress while foregrounding the great risk of impending arrest that it posed to Arvind Kejriwal has put Trinamool Congress in the uncomfortable position of answering whether similar worries are repelling it from the Congress. Moreover, Congress has the potential to split the Muslim vote, which could end up hugely benefiting BJP
Ruchir Sharma: A tale of two bull markets — US and India
While the US rise in stock prices is all about tech, India’s boom is more broad-based
Chart of the Day: What a steep hike in sugarcane FRP means for sugar mills and investors
All eyes will turn to the South West monsoon and whether it can ensure a bumper cane crop for the new sugar season
India can learn from Japan’s speed in setting up semiconductor facilities
There’s no doubt that Japan with its overall technology lead has multiple advantages. But the lessons of how commitment and speed can be built up need to be paid attention to
The Eastern Window: Putin set to get re-elected as sanctions fail to damage Russia
The Russian economy is growing amid the Ukraine war, exposing the limits of Western economic sanctions. India and China have played a key role in supporting Russia in the past two years. Russian President Vladimir Putin appears set to win the next election in March
