Rupert Murdoch was the last of the press barons
Murdoch is the only contemporary figure who can be spoken of in the same breath as the great press barons of yesteryears. Murdoch’s contemporary press barons were bit players by comparison, either because they failed to match his global scope or because they flamed out. But was he good or bad for journalism?
Japan shows how to defeat secular stagnation
Japan has come out of stagnation to lead the G7 developed economies in life expectancy, per capita growth and, for the first time in decades, an end to the deflation that oppressed CEOs and global investors alike. It is also providing the biggest dollar-denominated stock market returns anywhere in the world
Government has limited options to address crash in prices of tomato, other perishables
Not having much choice, the government resorts to the Essential Commodities Act to impose stock limits. Going forward, the presence of farmer producer organisations and cooperatives can help by setting up small cooling chambers in the producing areas. Linking them to urban markets can boost farmers’ price realization to some extent
Hard lessons for India from Canadian PM’s machinations
For the first time, India has been accused in the Western world of using an agent to kill someone on foreign soil. India has rejected the accusation by the Canadian Prime Minister, but it has kicked off a diplomatic row that will not go away easily. A lot will depend on which side the US takes
Fuel prices apart, cement firms may face other risks too
With supply likely to outstrip demand in the next two years, there could be pricing pressure for cement makers
Global bond index inclusion can attract $20-50 billion in capital, but increases risks too
The move would help reduce interest costs and increase the availability of financial resources across the economy
Rupert Murdoch retires, leaving behind a chequered legacy
Murdoch built up a powerful media empire, but his editorial policies left a lot to be desired
In The Money: Making profits with Straddle and Strangle
After learning about trading strategies that work when traders have a directional view, now it’s time for strategies that work even when there’s no directional view, starting with Straddles and Strangles
Playbook for handling Angel Tax and Section 68 tax notices
With Angel Tax and Section 68 tax notices becoming a headache for startups and investors, here are extracts of a playbook that attempts to give a better understanding of the issue
Higher for longer theme may lead to broad selloff across risk assets
The Fed is more hawkish than the market and under its higher-for-longer interest-rate scenario, real yields could go up again
NTPC trumps Power Grid in growth, but lags in investor love
NTPC is projected to grow faster than Power Grid Corp of India in the near term
Larry Summers makes a fair point, but misses two crucial ones
Summers errs in his approach to climate change and underdevelopment on two counts, at least. He fails to recognise the centrality of carbon dioxide removal from the atmosphere in combating climate change, and he ignores the challenge to development posed by coordinated policy rate increases in the developed world
Did Powell just stamp out bankers’ green shoots?
Stoking uncertainty on the path for interest rates might hurt the nascent pickup in stock listings and loan sales
Putin is winning his grain war, pitting Poland against Ukraine
There are three ways Zelenskiy and his allies can respond to Putin, but none are attractive
The Reading List: September 22, 2023
A selection of articles and social media gems from the world of economy, business and finance, curated by our research and opinion teams
Asset Tokenisation: IFSC signals plan to move forward, set regulations
The IFSCA’s decision to frame regulations and policy guidelines for blockchain-based products seems to be a well-timed move as tokenization is expected to have a huge impact on the world economy, even more than cryptocurrency
Moneycontrol Pro Panorama | Glenmark’s sorry tale of debt finally ends
In this edition of Moneycontrol Pro Panorama: ITC is best suitor for FMCG buyouts, harnessing the power of AI, rising disconnect between education and employment, how to deal with short-term market volatility, and more
Suspension of visa services to Canadian citizens: The curveball Trudeau didn’t see coming
Canada stands to lose more than gain in this tit-for-tat between two countries. Here is why
IMEEC is planned to benefit all member countries unlike China's BRI
The IMEC opens up new transport routes and avenues for cooperation between member countries on technology, design, finance and regulatory standards. And, it will not push countries into debt trap
ITC: Why it may emerge as a surprise suitor in FMCG buyouts
The outlook for cigarettes has improved with rising mobility, particularly higher office occupancy rates. FY25 will see it normalise, raising the question of what next to drive growth
The genesis of Canada’s troubled relations with India
Until it introduced a merit-based Comprehensive Ranking System in 2015 for screening potential immigrants, anyone who had a sob story to tell at a border post that they were being tortured by the state or by armed militias could get asylum in Canada. Scrutiny was poor and political interference by lobbies to let in relatives of relatives was high
The plight of the ‘permacrisis’ and what to do about it
The complexity of central banks’ ‘last mile’ on inflation is part of a bigger economic challenge
Women’s Reservation Bill: Why almost every party is supporting the government’s legislation despite misgivings
BJP is poised to benefit in 2024 for bringing the law and also in 2029 when it is implemented. Opposition parties, even while supporting the bill, have raised the quota within quota for OBCs. Those who opposed the 2010 version are now supporting women’s reservation because they recognise that rising women voter turnout and the discourse on gender parity cannot be reversed
Shipping: China export rebound doesn't mean that the halcyon days are back
No other major sector on the planet benefited more from the pandemic than ocean carriers. But now that consumption is slowing and supply chains are diversifying away from China, the maritime sector must face a reckoning it avoided when the pandemic threw international trade and logistics into disarray
Climate: Australia hoped to dodge wildfires. El Niño has other plans
In Australia, the 1983, 2003, 2007, 2010 and 2015 fire seasons, some of the most damaging in the country’s history, all occurred during El Niño. With Australia being one of the largest fossil fuel exporters, it cannot really call itself a victim, and is a significant contributor to global warming
