Work hard, Have fun, Make history And You’re Done!
Writing exactly a year after Hindenburg report hit headlines, Adani Group chairman defends his business practices and argues his companies’ performance shows ‘allegations’ were ‘baseless’ It was on Jan 25, 2023, exactly a year ago, when news arrived at breakfast that a short-seller in New York had put up a compilation of allegations against Adani
Read More
Finance ministry has received a request from Indian Banks Association (IBA) that their long-standing demand for a five-day working week be implemented. Currently banks work on first and third Saturdays of each month, being closed on the second and fourth Saturdays. If a month has a fifth Saturday, it is deemed to be a working
Read More
It is a well known fact that India Financial Bureaucracy (including Finance Ministry and PMO Office of Economic Affairs) have been fighting a raging battle that India’s country rating needs to improve and rise some notches up. The international financial ratings agencies such as Standard & Poor, Fitch, Moody’s have never accepted our contention and
Read More
In the ongoing battle against climate change, a ground breaking initiative is set to redefine the landscape of climate finance. ALTÉRRA, an ambitious climate-focused investment vehicle, aims to mobilize an extraordinary US$250 billion globally by 2030, positioning itself as the world’s leading private entity for climate change action. Bolstered by a significant commitment of US$30
Read More
Integrated Sustainability Reporting (ISR) represents a pivotal and comprehensive approach to reporting, seamlessly blending financial, environmental, social, and governance (ESG) information into a unified and cohesive report. This methodology surpasses traditional reporting frameworks, offering stakeholders a more holistic understanding of a company’s performance and enabling informed decision-making concerning its long-term sustainability. The evolution of ISR
Read More
As a graduate of the globally esteemed University College London, where I read History before embarking on a career in elite finance recruitment, I have witnessed first-hand the transformative impact of an MBA. This is especially the case as I have spoken to the MBA classes at Harvard Business School, MIT Sloan, and the Yale
Read More
In the recent summit, many financial sector leaders converged to exchange the future shape of the BFSI sector. Banks having achieved a formidable inclusion in India, the insurance sector is now gearing up for outreach. Amid the ongoing journey of insurance reforms, the experience of the pandemic brought about a new wave of sensitization towards
Read More
Indian banks have traditionally used personal guarantees of company promoters as insurance to offset limited institutional recourse to debt recovery. A personal guarantor stands surety through a legal contract. Based on early experience of the Insolvency and Bankruptcy Code, GOI in 2019 brought personal guarantors into its ambit. It allows financial creditors to invoke personal
Read More
In an interesting development, the debt resolution process in banks is further strengthened with the latest apex court verdict. The honorable Supreme Court upheld the constitutionality of the Insolvency and Bankruptcy Code (IBC) 2016 which would help lenders dealing with companies under debt resolution process and facilitate hearings in insolvency petitions against personal guarantors. According
Read More
Two facts of modern time living are undisputed: Inflation driving down the value of a currency; Longevity of human life combined with declining population growth. Inflation on an annual basis reduces the value of your savings corpus and Longevity of Life makes matters worse, because you are having to spend more on an extended life
Read More