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69 Articles

Navigating New Waters: A Look at SEBI’s Circular on AIF Fund Due Diligence

The ‘Future of India’ is larger than the headlines. Larger than our government. Larger than the bureaucracy; larger than the titans of industry; the billboard-heads of local politics; the chaos of daily life; the difficulty of doing business; larger than our social challenges; our mosaic of states; larger than our inconsistent enforcement of the law; larger than capital controls; larger than bank re-KYCs; larger than trading strategies and stock tips masquerading as business news.

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The Future of India

The ‘Future of India’ is larger than the headlines. Larger than our government. Larger than the bureaucracy; larger than the titans of industry; the billboard-heads of local politics; the chaos of daily life; the difficulty of doing business; larger than our social challenges; our mosaic of states; larger than our inconsistent enforcement of the law; larger than capital controls; larger than bank re-KYCs; larger than trading strategies and stock tips masquerading as business news.

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No Grandfathering in 2024?

“On February 1, 2018, when Mr. Arun Jaitley raised Long Term Capital Gains (LTCG) tax on listed shares from 0% to 10%, he had an important accompanying statement in his budget speech: “…all gains up to 31st January, 2018 will be grandfathered.” This ensured that the tax was prospective from February 1, 2018 and not applicable retrospectively on accumulated unrealised gains on securities held for many years before that date. Crucially, the grandfathering clause is not present in Ms. Nirmala Sitharaman’s budget speech of July 23, 2024, in which LTCG tax was increased from 10% to 12.5%.”

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Stocks from the South

“South Indians spend a lot of money on weddings. Even though we’re present in only 4 states of the South, we’ve managed a turnover of more than Rs. 1,300 crores, that too with only a few stores in Tamil Nadu. We’re going to invest heavily in Tamil Nadu”

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King coal holds strong in India’s energy mix

Despite the increasing focus on renewable energy sources, coal appears likely to remain dominant in most of Asia’s energy sector for some time. This trend is driven by a combination of factors. Global events such as China’s energy concerns, the war in Ukraine, and slow progress in transitioning developing countries to cleaner fuels are all contributing to a rise in coal demand.

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‘Premium’ flavour favours consumption demand

The post-COVID-19 pandemic period has seen a notable trend in the Indian consumer market. Wealthier individuals are spending more on luxury goods despite an overall economic slowdown. This trend applies to many sectors, including FMCG, cars, and housing.

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Hyperlocal Jewellery Brands Dominate Small-Caps, Focus on Tier-II Cities

The top positions in the jewellery index are held by a large-cap and a mid-cap player, both of which are pan-Indian brands with a presence in the country’s top 10 cities. On the other hand, the small cap jewellery firms have chosen to specialize in hyperlocal markets. This strategy offers valuable insights into consumer sentiment across the spectrum.

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