Seshadri Sen

In this episode of Emkay Macro & Market Moves, @seshadriksen gives his view on how global allocators are viewing India amid current market corrections. While India continues to be a long-term structural story, rising geopolitical tensions—especially around Iran—pose real risks through energy dependency and external balances. Is this the time to start building positions… or stay cautious a little longer? ▶️ Watch the full conversation to understand the complete macro perspective and what it means for markets : youtu.be/Eg_B2opuJ1I

My interview on @CNBCTV18News today

Congratulations @rajivanand and all the best. IndusInd will reach great heights under your leadership.

@deepakshenoy Lower risk weight isn't a tax benefit!!! It is based on historic behaviour of bad loans in the segment.

Shouldn't give major tax benefit to houses regardless - cars are just as productive and we don't give them benefits either. The politics is clear - even the US gives the benefits for the political reasons of community etc. In India we have too many tax advantages: - upto 150,000 on 80C on the principal repayment - upto 250,000 or so on interest repayment - lower risk weight on housing loans (so banks will offer lower rates) - can reinvest profit from home sale into another home (upto 10 cr) We have removed a lot of other incentives, but these are might larger incentives than given to purchases of other durables.

@Ajaya_buddy All the best

As I wind up my over 15-Yr enriching journey at ET NOW, I’d like to thank my colleagues current & past for the fun we had. Well wishers in mkt MDs , CEOs, CFOs, IR/PRs, Fund Mgrs & Analysts for all their support. Big thanks for a great learning experience 🙏

Our MD, Prakash Kacholia tells Puneet Wadhwa in an exclusive interview with Business Standard that focuses on the market outlook from a growth investor’s angle. Dive in and share your thoughts in the comments.

Pleasure speaking to @_anishaj and @soumeet_sarkar earlier today

@dugalira I had this experience with HDFC Bank almost a decade ago. They were the gold standard on protecting customers from CC fraud. Pioneered the concept of calling customers for transactions that were off pattern before approval.

Since we whine so much about banking services, must give credit where credit is due. ⛔️Had a fraud transaction hit my CC in the middle of the night a couple of days back. Bank called to verify but I didn’t pick up. ⛔️Clearly bank systems detected that the transaction was atypical for me and unlikely given time of transaction and they probably had enough data to know card was not out of India. ⛔️Bank put card on temporary block, till I woke up and confirmed it was a fraudulent transaction. Transaction was reversed, new card issued when I confirmed the card transaction was fraudulent. Thank you, unnamed bank.

@DuttaAnirudha @dugalira Govt employees don't have epf. They had a GPF that was swapped with NPS. m.economictimes.com/news/economy/p…

@DuttaAnirudha @dugalira I think so. NPS contribution and EPF are different.

Note on the ‘unified pension scheme’ ▶️ It meets the demand of an *assured* pension at 50% of last drawn average basic pay. ▶️ But (prudently) it stays with a system where employees continue to contribute towards their pensions and the entire burden does not fall on the government. ▶️ The 50% assured pension may or may not need govt to fill the gap. Some experts had explained to me that the current calculus in many cases was anyway working out to 40-50% pension benefits. ▶️ For this year, the govt will need to contribute Rs 6250 crore. ▶️ Future fiscal impact is very difficult to calculate because many assumptions on the actual market return, retires will be needed. It would be good for the govt to start disclosing this somewhere for a reasonable period of time (maybe in medium term fiscal documents?) ▶️ The unified scheme does address the problem of optics — employees wanted *assured* pensions. So to that extent the unified pension scheme addresses the issue. ▶️ It’s a reasonably prudent path, timed ahead of state elections? ▶️ Will unions be satisfied or will they try and extract more? We’ll see. reuters.com/world/india/in…

@DuttaAnirudha @dugalira I think the pre-2004 system didn't have any employee contribution

@dugalira Didn’t employees always contribute? The PF part? What’s different other than govt contribution an additional 4.5% now?

@DuttaAnirudha @Choyons @spignal Yes Wilson did two stints.

Who has returned as leader of a country after a stint out of office? Viktor Orban in Hungary, Robert Fico in Slovakia, maybe Trump in America... who else?

Innovative sessions, pathbreaking discussions & much more, Catch all the live action from our Confluence 2024 live on NDTV Profit 12-14 August. #NDTVprofit #Emkay #Confluence2k24 #Confluence #Emkayconfluence #news #Media

Our thoughts in the lead-up to Emkay Confluence 2024. Starts next week with an impressive list of companies, speakers and investors. Pleasure speaking to @TamannaInamdar and @SaminaNalwala @EmkayGlobal

We are excited to host top leadership of India Inc at Emkay Confluence 2024. An event in a unique league that brings about business insights, market perspectives & corporate vision of the most vibrant businesses led by phenomenal leaders at the forefront of India's Golden Decade.

Goose pimples. Well deserved honour for @Leander

Very well written piece by Somnath. On the money.

@andymukherjee70 For many years, I wouldn't leave Delhi without tasting HCF at Nirula's. Would pop into the Priya complex outlet on the way to the airport, even if it was a day trip.

+1

@ghoshworld @SushantSin As was Missing

@SushantSin Perhaps Attenborough was being kind. 'E.T. 'was saccharine sci-fi: cute, but not much more. 'Gandhi' was a better movie. Fwiw, 'Das Boot' was better than both.

E.T. lost to Gandhi at the 1982 Oscars. It was said then that "the Academy chose to honor Gandhi the man, rather than the film". Richard Attenborough would stop at the side of Steven Spielberg and whisper, “This belongs to you”, before carrying on to accept his Oscar.

Interesting conversation with Imran and Yashwant yesterday.