When the PM met the Big Bull and L.N. Mittal’s headache in Gujarat
7 October, 2021•9 min
0
7 October, 2021•9 min
0
Getting your Trinity Audio player ready...

Why read this story?
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 …
More in Business
Business
SEBI amps up focus on commodity derivatives amid rising investor interest
The market regulator is once again considering allowing colocation in the segment to pave the way for a smooth trading experience as commodity derivatives are drawing investors in hordes.
You may also like
Business
SEBI amps up focus on commodity derivatives amid rising investor interest
The market regulator is once again considering allowing colocation in the segment to pave the way for a smooth trading experience as commodity derivatives are drawing investors in hordes.
Business
IPO pipeline likely to stall despite SEBI flexibility
Promoters balk at smaller issues and uncertain pricing, choosing to wait out volatility.
Business
MFs hold up India’s IPO market, their investors foot the bill
As retail interest in public issuances fades, mutual funds are filling the gap—funding promoter exits and delivering subpar returns to the very investors they represent.





