/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Editor's note: This is Street Smart, The Morning Context’s weekly newsletter on everything that impacts corporate India. Every Thursday, Street Smart will bring you an original, reported or analytical take on issues that have the potential to shake up the business ecosystem. Surendar here. It’s not often that prime ministers meet stockbrokers and splash photos on social media. Surely it was not just for the photo opportunity that Narendra Modi met Rakesh Jhunjhunwala earlier this week. I look at what could have been on their plates. Thousands of kilometres away, another interesting meeting took place. ArcelorMittal chairman L.N. Mittal is said to have met Gujarat chief minister Bhupendrabhai Patel. There were no photos of this, but this too was no courtesy call, especially with Mittal continuing to have trouble with the Ruias. Read on. More than just small talk I am more than a little intrigued by the timing of the meeting between Prime Minister Narendra Modi and India’s best known stockbroker Rakesh Jhunjhunwala, which became the talking point of the business world. Despite all the discontinuity businesses faced over the last …
While the filing for an IPO by its telecom and digital business was the highlight, Reliance laid out plans for its new energy and retail businesses, setting them up for eventual listings.
As India’s largest stock exchange heads to the public markets, it may need to rethink its excessive reliance on transaction revenue.
The central bank’s shift to a 100% collateral requirement threatens to erode leverage, reduce volumes and force a consolidation across prop desks.
