China: Yuan is finally showing some muscle in international trade
Ignoring the yuan’s rise because of China's recent economic troubles might be a mistake. Thanks to the country’s cumbersome capital controls, sending cash out of China has always been problematic and unpredictable. But that is poised to change now as the country takes small steps towards full capital account convertibility
Moneycontrol Pro Panorama | Markets resonate RBI Governor Das's optimism
In this edition of Moneycontrol Pro Panorama: Cyclone Michaung exposes threat of climate change, make hay while the sun shines, ethanol U-turn a big let down for sugar mills, as airlines struggle fliers feel the pinch, and more
Will we see another Sam Bahadur?
Even as a Bollywood film has immortalised Sam Manekshaw, for the Indian army he is a polestar guiding them through the numerous examples of his professionalism and leadership abilities. His courage to stand up to the political leadership, while respecting civilian supremacy inherent in the constitutional scheme, further bolstered Sam’s popularity
Mission 400+ In 2024: Five reasons why it isn’t ‘Mission Impossible’ for Modi
BJP’s victory is sending ripples across India. Voters in states and constituencies that haven’t voted for Modi will rethink their stances now. While BJP is flying high, Congress and opposition parties are looking demoralised. A 400 seat tally for BJP in Lok Sabha is no more in the realm of impossible
Can President Javier Milei inspire new life to Argentina's slumping economy
Given that Javier Milei suggests that he is an anarcho-capitalist, there is a lot of discussion on how he will push Argentina towards individual liberty, free markets, abolish central bank, dollarise the currency and so on
RBI Policy: Governor Das's optimism is a double-edged sword for markets
The RBI's optimism over GDP growth is not hollow, though this throws the probability of a pivot or rate cuts out of the window for now
Google pins its hopes on Gemini to leapfrog GPT-4
Top-of-the-range Ultra is the search group’s best weapon in the race to turn generative AI into a useful everyday tool
C-suites are more diverse, but CEO door is still blocked
There are signs that the door is starting to crack open. A study has found 49% of the C-suites of Fortune 500 companies are now made up of women and people from historically underrepresented ethnic and racial backgrounds. But just 10% of Fortune 500 CEOs are women, while 12% are people from historically underrepresented ethnic and racial groups
How much steam is still left in the rally?
Stock markets are sputtering at around all-time highs, pricing in several positives such as falling global yields, political stability and a healthy economic outlook
Google’s Gemini looks remarkable, but it’s still behind OpenAI
A Youtube video released by Google of an interaction with Gemini has created a buzz but the company has admitted the video was heavily edited. But many of the capabilities on display are not unique and can be replicated by ChatGPT Plus
Cyclone Michaung exposes dire threat to business continuity from climate change
Climate change is a real problem businesses have to grapple with on the ground and companies need to make plans to cope, rather than wait for governments to take action
Government's ethanol U-turn a big disappointment for sugar mills and investors, here's why
The questions that remain to be answered is how much sugar diversion will actually take place and whether the government will manage to plug the feedstock gap through other sources
Labour Codes: Well begun but left half done, the delay is stalling India’s economic transformation
The delay in implementing the rules governing the four labour codes is a stumbling block that India cannot afford. Considerable energy, time, and foresight has gone into compressing the 44 labour laws into the four concise buckets. Swift and decisive action is needed to unleash the full potential of these reforms, fostering formal job creation, equitable improvement in per capita income, and robust economic growth
Chart of the Day: RBI has a core problem in pursuing a higher for longer policy rate
If real interest rates remain elevated and they will if the RBI holds on to its unerring focus of bringing headline inflation to 4 percent, it is likely to dampen demand and even investments from firms.
The woes of Indian airlines threaten more pain for fliers
Despite a healthy growth in passenger traffic, Indian airlines are expected to close FY24 with losses of Rs 7,000 crore according to rating agency ICRA
COP28: Give the climate action money to city mayors and local initiatives
If the impacts of climate change are felt locally, then so are the benefits of low-carbon initiatives. City officials are in the best place to engage with their people, ensuring a just transition that benefits everyone
Big oil shouldn’t lead the green energy transition
Eastman-Kodak didn’t invent digital photography; and the Underwood Typewriter Co didn’t develop the keyboard. Disruptors did. Incumbents are bad at innovating. For the very same reason, the likes of Exxon Mobil, Chevron and Shell are unlikely to lead the energy transition
Moneycontrol Pro Panorama | Paytm's fall turns spotlight on policy risks
In today's edition of Moneycontrol Pro Panorama: India’s climate commitments and compulsions explained, major capex surge expected in power sector, building moats key to start-up success, this ferro chrome stock maybe tough enough, and more
Sam Altman – How leaders can endear
A reported 747 employees out of 770 forced Sam Altman’s reinstatement as CEO of OpenAI on November 22, five days after his ouster. Unprecedented. This makes Altman the new poster boy for all things AI and EI (emotional intelligence)
Mohamed El-Erian: The peculiar market divide on the rate outlook
Investors should beware of disregarding the signals emitted by the Fed
Can Russia be India's new best agri friend?
With climate disruptions wreaking havoc on agricultural seasons and output, the Indian and Russian governments can consider an agri treaty to last until 2030 covering foodgrains and fertilisers. Russia can sell India its surpluses in wheat in good years and for bad years, wheat exports to India can be exempted through a prior consensus
Constitutional or not, wealth taxes are bad economics
Subjecting companies to an annual tax on their value would create an incentive to keep companies private, because the firm's value will be easier to manipulate. A tax on unrealised gains would probably lead to wealthy people keeping most of their wealth in privately owned assets. This reduces transparency and deprives others the chance to invest in growing companies
Elon Musk’s AI dreams are going in circles
Musk’s brand value can only hold out for so long, and he may find himself tempted to partner with a big player like Google or Nvidia. Then he will not only have come full circle, but gone back on one of his biggest pledges for AI. That would hardly be shocking
COP28: India’s compulsions vs commitments. A reality check
New Delhi stays away from two declarations that aim to ratchet up global RE capacity and cut emissions
Start-up Street: Building and leveraging moats key to start-up success
Start-ups need a sustainable competitive advantage that will yield repetitive economic gains. Building a moat is, perhaps, the best way to achieve that goal
