In today’s newsletter, we will be talking about new developments in India’s Black Money War. And, the uncertain future facing India’s pharmaceutical giantsIn today's newsletter we discuss India's faltering EV mission and the big stake sale of Bharat Petroleum Corporation LimitedConfession is the theme of this week's wrapup because outside of that bombshell letter from the Managing Director of PMC bank, there wasn't a whole lot happening this week. RBI's big decision on interest rates and Samsung's move to shift its production base to India.There's a ringer wars brewing between telecom companies. Why? Also, why are Japanese bond investors freaking out?On Monday, there was a leak. The letter from the Managing Director of the
infamous PMC bank was out there for the world to see. It was a confession like
no other and that's the focus of today's newsletter.
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BusinessThe Story
So by now, you’ve probably heard about it. And if you’re one of those people who
has already read the letter, this newsletter isn’t of much use. However, if you
haven’t had the time to go throIndiabulls Housing Finance, a company that was once the darling of the investor community just lost ~35% of its value in a single day of trading. That translates to about ~5700 Crores. One thing that did not get as much attention during the recent presser from the Finance Ministry was the treatment of bad loans, specifically bad loans from the MSME (Micro, Small and Medium Enterprises) sector. And that’s our focus on today’s newsletter.On this week’s wrapup, we have stories about corporate tax rate cuts, the government’s plan to run a fire sale, the PMC Bank fiasco and a review of the IRCTC IPO.Everybody's favorite railway company - IRCTC is going public soon. So we thought we'd do a nice little reviewIn today's newsletter we cover the economic impact of climate change and a potential 2500 Crores scam.Mayhem in the streets. Customers clamor for deposits and RBI sets withdrawal limits on the Punjab and Maharashtra Co-operative Bank. Join 3,50,000+ subscribers
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