87% of impacted Karvy clients get back their pledged shares

This came as a huge relief to more than 82,000 clients of Karvy getting back shares estimated at Rs 2,000 crore. Over last few days, there has been a huge uncertainty around what would happen to the shares fraudulently pledged by Karvy (belonging to its clients) to banks and the finance companies to obtain funds … Read more

CCI approves Amazon and Future deal

The deal was in works since the beginning of the year and recently in August Future group had announced that Amazon has agreed to pick up pick up 49% stake in Future Coupons, the promoter entity of Future Retail. The deal thereafter went for The Competition Commission of India’s (CCI) approval, which has now been … Read more

Electric Vehicles – need a jump start !

Government goes slow on procurement of electric vehicles, limits sourcing —- When I saw this news today, it suddenly reminded me of the numerous arguments that I had on the subject of electric vehicles (EV) with some of my closest friends over the last one year. Thought of putting up a quick post so that … Read more

PMC Bank restricted by RBI – is this the right move?

As a past banking sector analyst, I couldn’t stop myself commenting on this. The views are strictly personal. The Reserve Bank of India (RBI) restricted Mumbai based Punjab and Maharashtra Cooperative (PMC) Bank from the close of business on September 23, 2019, for a period of six months. PMC is a large co-operative bank with … Read more