Prash

@HappymonJacob Also the fact that India is also not a neutral party and fit for mediation given its leaning towards US and Israel as can be seen from its refusal to condemn Ayotollah's killing, Dena sinking and the current impasse in BRICS joint statement

7/7 Indians who lament that Delhi did not mediate should think again. - Empty hotels. - Doubting Iranians. - Absent Americans. - A locked-down capital. Would Indians really have wanted to be here? Had this been Delhi's week, we would already be drowning in self-criticism.

Pakistan's Mediation Troubles have begun. Would Indians really have wanted to be in this situation? 1/7 Mediation looks like an easy, quick & free reputational upgrade. But it almost never is. Among others, it costs in 3 ways: - credibility with the parties - impact on the daily life of its own capital - clarity about its interests. Pakistan is now discovering all at once.

@Ashish1Nanda one can always shift to synthetic futures in nifty as it is liquid

Brokerage charges getting morphed with the Futures STT increase. 😳👇 Let’s take an example of buying and selling 5 lots of NIFTY FUTURES in one order: Nifty lot size: ₹15 Lacs No of lots traded in 1 order: 5 Lots Total value of trade: ₹75 Lacs Brokerage charged by KotakNeo: ₹10X2=₹20 STT: ₹75,00,000 X 0.05% =₹3,750.00 So for 1 lot average brokerage is ₹4/-(Round Trip) while STT is ₹750/-(Round Trip) That’s 1 : 188 Even if you trade 1 lot in one order, it is 1 : 38 (₹20 v/s ₹750) In short, Life changes for all Future Traders from tomorrow 1st April, 2026.

@grok @dugalira @kalrajs23 At what USD/INR rate was it locked?

NDF (Non-Deliverable Forward): Offshore cash-settled FX contract on INR. Parties lock a future USD/INR rate; at maturity, only the rate difference is paid in USD cash—no currency delivery. Popular with foreign investors since INR isn't fully convertible offshore. Onshore forwards: Domestic Indian forward contracts traded in RBI-regulated market. Can involve actual delivery/settlement in local FX, mainly for residents and banks. RBI uses both (heavily NDFs lately) to defend rupee without draining reserves upfront, but maturities create rollover pressure as seen now.

The RBI’s heavy use of non-deliverable forwards to support the rupee comes back to bite it as maturities come due. Market frets about the upcoming expiries, adding pressure on the rupee. Sharp one by Reuters Nimesh Vora and @kalrajs23 reuters.com/world/india/in…

@soicfinance @grok any similar data for syngene, cohance life, jubilant pharmova, piramal pharma, aragen lifescience

CDMO players key clientele and and molecules - Sai Life Sciences stands out with the highest number of commercialized molecules, positioning it as one of the most highly diversified firms in the industry. Furthermore, as a pure-play CRDMO, it continues to demonstrate a strong track record of consistent growth Disclaimer - not a recommendation to buy/sell

@RoshanKrRaii @grok draft the same boring MEA reply which it regurgitates everytime when asked about Russian oil

Since morning Piyush Goyal has said on eight different channels that he does not know anything about Russian oil purchase, go and ask the MEA. The interesting fact is that no channel actually went to the MEA and asked it 😭 State of journalism in India 😭

The math of trading open.substack.com/pub/theshmuts/…

@Nithin0dha @SamDalrymple123 If interested in History, do check out Manu S. Pillai's books

I didn't realise that lands from Muscat and Oman, the UAE, all the way to Burma were once part of the British Indian Empire. I'd always thought of India's partition as only involving India, Pakistan, and Bangladesh. Shattered Lands by @SamDalrymple123 is a must-read for history buffs. And thanks to good genes, I guess. :) The Anarchy by @DalrympleWill is still one of my favourites. It tells the story of how the East India Company came to India to trade, became immensely wealthy, and, in their pursuit of more, became ruthless. It makes me wonder: today, as trillion-dollar companies rise, what happens if they turn evil, too?

@unseenvalue Is Syngene in distress then?

CDMO leader and growth champion was under a lot of distress in July 2023. Deep value invariably comes with strong negativity and depressing sentiments. Very few own the courage and conviction to buy distress. Fragile investors sell distress and buy bubble. History repeats!

@LearningEleven Syngene has been forgotten by everyone

ICIC Securities on latest revenue, EBITDA & EPS estimates and valuations of OneSource Gland Pharma Divi Labs Cohance Lifesciences Laurus Labs Sai Lifesciences Neuland Laboratories

@pranaykotas In context of rare earth magnets shortage, Indian automotive companies will evolve

Anticipating the Unintended #306 is up. Link below.

@Rainmaker1973 youtu.be/xGXKL-knYkk?si…

A cremation funeral held for a tiger. The tiger was known by locals as "Collarwali" due to being fitted with a radio collar to help researchers further study her. She had given birth to 29 cubs throughout her life in 8 litters. She lived in the Pench Tiger Reserve and died at the age of 16.

@Iamsamirarora Its not about working hours, its about compensation. Make ne work for 120 hrs, but pay me adequately. I'll happily do that. Junior level at investment banks have huge workload yet people lineup for that role because of high pay.

Yes- in the beginning one has to work harder than others to learn, get noticed and get ahead. In my first job after IIM, I worked in Delhi where my hours were routinely from 9 AM to around 10 PM and about an hour each way for travel. I enjoyed it a lot but still sought a job with more sane hours. I then moved to a job where the hours were 9 AM to 5 pm and literally everyone in office started thinking of leaving by 4 pm and be out by 5. It was so boring that I went back to my earlier firm once again. Upside: When I went to USA - after working total 3 yrs including 2 yrs plus for the first company in 2 phases-to Wharton, the first company I was working for gave a me a summer job in their headquarters in USA and sent me on a full 2.5 months business trip to UK (therefore in addition to salary paid my travel, hotel stay, taxis, meals, ironing of clothes etc) 2 summers in a row. Since Alliance and Helios, I have enjoyed my work so much that I do not count it as work, 95% of the time. Bottom line : It is not right to say that the CEO/promoter is working 70 hrs because he is the owner and gets paid much more etc. You have to ask, why that person was able to become CEO or First gen promoter or whatever in the first place. Your choice.

@mudit_gupta25 If you have given the interview then you'll realise that there's definitely a favourable bias towards sons/daughters of civil servants. The rags to riches story are few and far and just sprinkled from above so that credibility of UPSC remains intact

One common trend that I have observed: In "most" of the doubtful cases of fake reservation certificates in UPSC, either parent of the candidate was also a civil servant either at the highest level or with connections at the highest level.

In 2004, Ferrero Rocher entered India after conquering the world Everyone thought it'll FAIL to sell expensive chocolate in a price-sensitive market like India where Cadbury ruled But to their SHOCK, it became the No. 1 premium chocolate here! Why Ferrero didn't fail in India