Monetizing Retail

For Reliance digital and retail, it may now be payback time It is said that good projects and good business ideas always find investors. The state of the market hardly matters. That was proven most eloquently by Reliance when it monetized its digital stake in the midst of testing market conditions. RIL now looks all…

Twin Deficits

Fiscal deficit may negate the benefits of current account surplus It was a week during which two major macroeconomic announcements by the government dominated the headlines. On 30 September, the current account balance for the Jun-20 quarter and the fiscal deficit for the first five months of this fiscal were announced. Here are some interesting…

Personal bankruptcy

The RCOM-SBI case could be an acid test for the new rules In December 2019, the government brought personal bankruptcy under the ambit of NCLT. That meant; in the event of business bankruptcy, the NCLT can initiate personal bankruptcy against the promoter, if they have guaranteed a loan. The first test case appeared in the…

EPFO Losses

Despite the setback, the EPFO must persist with equities Employee Provident Fund Organization (EPFO) has decided to pay only 8.15% out of the 8.50% interest committed by the government for FY2019-20. The balance will be paid by December 2020 subject to equity surplus available with the EPFO corpus. This rate was already the lowest paid…

Tatas Vs Mistry

Pledge battle is the latest stand-off between the two groups The ongoing turf war between the Tatas and the Mistry family has now assumed a new dimension. It pertains to Mistry family proposing to pledge shares of Tata Sons to raise funds for businesses in the post COVID scenario. What Mistry family wants? The Shapoorji…

Multi-Cap Funds

New SEBI rules were necessary, but would they be workable? On 11 September, SEBI announced key changes to the design and composition of multi-cap funds. These funds give the investors exposure across large caps, mid caps and small caps. What are the key changes made and what were the triggers for these changes? What SEBI…