Cash Before Cricket: Monetising frenzy, the spirit of the game be damned
Income shouldn’t be the parameter a good game of cricket is premised on. The sport should, ideally, symbolise the principle of striving, and promote values such as fairness and grace among all its stakeholders, the audience included.
Rajasthan Elections 2023: How the Modi factor helped BJP campaign tide over weak state leadership
To press home the attack against Congress on minority appeasement, law and order failures, corruption, and mindless welfarism without a clear focus, BJP needed PM Modi to lead the attack from the front and present an alternative developmental vision. No other leader in BJP has a similar connect with voters or could have delivered these messages with crystal clarity.
Telangana Elections 2023: BRS-Congress duel boils down to whose welfarism is better
The state’s economy is much like one of its favourite dishes: Potlakaya Pulusu, having its sweet and sour spots. So the fight is essentially for voters not benefitting from Telangana’s economic growth, as both BRS and Congress go overboard promising them welfare sops. One question remains: Can KCR extract mileage from Telangana formation for one more term?
The Reading List: November 24, 2023
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State Capex: Glass one-third full
To meet the capex target for FY2024, the capital outlay and net lending of the 21 states would have to expand by an estimated 28 percent YoY, which appears challenging in light of the Assembly elections in some states and the parliamentary elections in 2024
Investors dump dollar in bet that US rates have peaked
Asset managers sell greenback at fastest pace in a year as market prices in more rate cuts next year
OpenAI turmoil exposes threat to Microsoft’s investment
Satya Nadella’s bet on AI start-up destabilised by shock sacking of Sam Altman
Right-Wing Shift: Don’t be in a hurry to declare the dark ages
Right-wing leaders have won popular mandate through a recognised electoral process, and represent public opinion. They cannot be dismissed as political demons. But what’s missing is an honest dialogue between the silent majority and justifiably vocal minorities and recognition by right-wing leaders and their supporters that the economic and climate crises need global more than national responses
Weakening rupee is a much-needed shot in the arm for Indian exports
A weak currency does not necessarily mean a weaker economy. In fact, a weak rupee supported by good quality products, can actually boost exports despite global slowdown and attract investments into India
A blueprint for growing India’s exports to $2 trillion by 2030
To increase exports, it is necessary that production and GDP increase. In 2030, when India's GDP becomes $7 trillion as targeted, then exports of $2 trillion would be achievable
Why America’s proposed 'junk fees' regulation is a good idea for India to follow
E-commerce service providers often add fees of various shapes and sizes to the total bill that are not evident upfront. The US plans to curb those deceptive practices
OpenAI and the race for Superintelligence
News suggests that a breakthrough in an OpenAI project called Q* (pronounced Q star) may lead to development of SuperIntelligence – and also Artificial General Intelligence. These hint at a breakthrough that will lead to a vastly more intelligent and powerful AI than the Generative AI models like ChatGPT4 or even ChatGPT5
Is PLI the best device to boost manufacturing?
Production linked incentive schemes entail micromanagement by the government which could be counterproductive for investments
Personal Finance: Two simple reasons why you can skip the IPO rush
Amid the euphoria during an IPO issue and its listing, investors must bear in mind that it is just the first window to investing in a business; more opportunities could arise
What strategy should investors follow amid global concerns and domestic headwinds?
It is crucial for investors to keep tabs on global and domestic developments and stay in sync with fast-changing market sentiment
Emkay’s Seshadri Sen says 6%+ economic growth needs recovery in mass incomes
Adverse geopolitical outcomes, according to the market observer, pose a major risk though the worst have been digested by markets
Chart of the Day: Mission transmission is under threat again
Transmission may improve in the coming months as the share of EBLR increases in banks’ portfolios. Also, liquidity has been progressively tightened in the past six months by the RBI
Lessons from SEBI’s action against Baap of Chart and other finfluencers
SEBI has made it clear that any social or marketing hyperbole could easily run into the risk of regulatory censure
Mumbai Metro Aqua Line (3): Connecting the unconnected
As the Colaba-Bandra-SEEPZ line gears up for opening, there are challenges ahead
How Silicon Valley reunited Sam Altman and OpenAI
With the AI start-up’s future in peril, venture capitalists mounted an extraordinary campaign to reinstate the charismatic CEO
Uttarkashi Tunnel Collapse: At what point will we wake up to the Himalayan disasters?
Many decisions that could have ensured safety weren’t taken in the latest Uttarakhand calamity. Disasters have increased with alarming frequency but governance – basics like pre-project assessments, post-disaster learnings, accountability – is not improving
Israel-Hamas deal underlines US heft in the Middle East
The deal to exchange women and children held hostage by Hamas for Palestinians imprisoned by Israel required the US, Qatar and Egypt to use their clout on the respective sides. The first truce in the nearly seven-week-long fighting signifies that the US cannot be written off from the geopolitics of the Middle East even as China makes advances
Chart of the Day: Why gold may shine through 2024
Peaking of interest rates, slowing global economic growth, particularly US and geopolitical tensions, may keep interest in gold high
The chaos at OpenAI is less about AI and more about the money
Commercializing AI remains the ultimate goal of all the parties concerned
Why have loan rates eased amid tight RBI policy?
The pursuit of retail and small business loans by banks has resulted in mispricing of credit risk through spread compression and this has impeded transmission of the tight monetary policy to bank loans
