)
Debashis Basu is a Chartered Accountant by qualification with three decades of experience as a journalist and the author of several business books. He has worked with The Times of India, Business World, Business India, Business Today, Financial Express and has written columns for Business Standard and The Economic Times. He now writes a column for Business Standard every alternate Monday. Along with Sucheta Dalal, he has co-authored two best-selling books, "The Scam: From Harshad Mehta to Ketan Parekh" and "Absolute Power: Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam".
Debashis Basu is a Chartered Accountant by qualification with three decades of experience as a journalist and the author of several business books. He has worked with The Times of India, Business World, Business India, Business Today, Financial Express and has written columns for Business Standard and The Economic Times. He now writes a column for Business Standard every alternate Monday. Along with Sucheta Dalal, he has co-authored two best-selling books, "The Scam: From Harshad Mehta to Ketan Parekh" and "Absolute Power: Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam".
Will the two-step approach work? A big part of the menace would indeed be curbed by putting the onus on regulated entities
India's exports are uncompetitive due to high infrastructure cost, poor productivity, friction in doing business, vexatious laws, poor governance, and a slow and expensive justice system
While Jio MF will undoubtedly grow in size, it will have to cross multiple hurdles even to emerge as the market leader
The bank is apparently working on a clean-up, but that is not enough. The regulator is also investigating the case, but what will come of it?
According to conventional wisdom, growth in earnings drives stocks higher. But it is not so simple
Unilaterally freezing an account has a series of consequences on standing instructions, for loan repayments, credit-card payments
The recapitalisation of banks, the slow absorption of bad loans in the system, and the normal growth that comes from a growing economy have led us to believe that PSBs are sailing smoothly
Adani stock price saga will pass into public memory as one of those matters that simply escaped being nailed down, perhaps because too many vested interests were involved
The worst kind of growth is when a small number of (very rich) people do very well while the vast majority languish
The money raised through a higher capital gains tax will hardly add much to the Rs 24.4 trillion of revenue receipts and Rs 41.9 trillion of spending estimated for 2023-24
As the inflation rate declines, India has paused its interest rate hikes and there is optimism in the air that we have crossed the cyclical hump of a slowdown and should enjoy strong growth
RBI's regulatory philosophy is to issue guidelines and create a process of grievance redress
Those who cause bodily harm, property damage, or financial loss to others on their premises or due to their operations should be liable in law to provide financial compensation to the victim
The Adani group stocks don't need to keep going down and hit Hindenburg's estimate of fair value
The story of "sudden volatility" isn't so sudden and starts in mid-2020, except that it was upward volatility then
Whether they make or lose money, traders have to incur transaction costs, including brokerage, exchange fees, turnover fees, and securities transaction tax, etc.
While banks are paying you 6-7 per cent per annum, every few years a handful of stocks can go up 100 per cent or more. Over 10 years some stocks can go up manifold
The crystal ball can never anticipate all big events that move the market, and impact economies and countries. And yet, we have an insatiable desire to lap up forecasts
Indeed, the IBC has only proven how wide and deep corrupt banking practices in PSBs were
The size, activity, and influence of these people have become so large that Sebi's onerous regulations for registered advisors look hopelessly ineffective, and those who follow them feel like losers