After a stellar liquidity-driven run in the traditional accounting year that ended yesterday, India’s equity markets entered Samvat 2078 with muhurat trading last evening. This token trading on the bourses set the tone for the new Samvat year. So, how should we expect the markets to behave this year? What will be the broader driving themes, and what will be the risks? The shares of Indian Railway Catering and Tourism Corporation (IRCTC) nosedived last week, just hours after the Centre announced taking half of its revenue from convenience fee. With this move, the government was hoping to collect between Rs 150 crore and Rs 200 crore annually. But the announcement led to a 29% drop in the PSU’s shares and a market cap erosion of almost Rs 21,000 crore. Forced by this, the government made a U-Turn within hours.
Retail investors alleged that the government ignored the rights of minority shareholders. Now what does the U-turn mean for investors of PSU stocks? And will it affect the valuation of LIC in any way? In 2011, when it was born as Faasos, Rebel Foods wasn’t the cloud kitchen startup it is today. In fact, cofounders Kallol Banerjee and Jaydeep Barman had begun with the idea of setting up a high-street quick-service restaurant (QSR) chain selling wraps. So, what did Rebel Foods do differently to become India’s first unicorn in the cluttered cloud kitchen market? In this exclusive interview, Kallol Banerjee recounts the journey and discusses the way forward. Today, wearable headsets are bringing down the walls between physical and virtual worlds. You could shut out the physical world around you and take a ride through Hogwarts on a dragon, or you could find digital arrows overlaid on the building in front of your eyes, to help you navigate better. Let’s understand the difference between three path-breaking technologies with infinite possibilities. Listen to these and more in today's Business Standard Morning Show podcast.
Watch Video
TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST Rs
Key stories on business-standard.com are available to premium subscribers only.
Already a premium subscriber? LOGIN NOW
MONTHLY STAR
Business Standard Digital
MONTHLY STAR
Business Standard Digital
What you get?
ON BUSINESS STANDARD DIGITAL
- Unlimited access to all the content on any device through browser or app.
- Exclusive content, features, opinions and comment – hand-picked by our editors, just for you.
- Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
- Track the industry of your choice with a daily newsletter specific to that industry.
- Stay on top of your investments. Track stock prices in your portfolio.
- 18 years of archival data.
NOTE :
- The product is a monthly auto renewal product.
- Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. We do not offer any refunds.
- To cancel, communicate from your registered email id and send the email with the cancellation request to assist@bsmail.in. Include your contact number for speedy action. Requests mailed to any other ID will not be acknowledged or actioned upon.
SMART ANNUAL
Business Standard Digital
Subscribe Now and get 12 months Free
SMART ANNUAL
Business Standard DigitalSubscribe Now and get 12 months Free
What you get
ON BUSINESS STANDARD DIGITAL
- Unlimited access to all content on any device through browser or app.
- Exclusive content, features, opinions and comment - hand-picked by our editors, just for you.
- Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
- Track the industry of your choice with a daily newsletter specific to that industry.
- Stay on top of your investments. Track stock prices in your portfolio.
NOTE :
- The monthly duration product is an auto renewal based product. Once subscribed, subject to your card issuer's permission we will charge your card/ payment instrument each month automatically and renew your subscription.
- In the Annual duration product we offer both an auto renewal based product and a non auto renewal based product.
- We do not Refund.
- No Questions asked Cancellation Policy.
- You can cancel future renewals anytime including immediately upon subscribing but 48 hours before your next renewal date.
- Subject to the above, self cancel by visiting the "Manage My Account“ section after signing in OR Send an email request to assist@bsmail.in from your registered email address and by quoting your mobile number.
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU