Krishnadevan

85% ownership of #HDFCBank. No visible intervention. #SEBI's Stewardship Code produces disclosure, not engagement. #FiduciaryResponsibility has shifted from owners to #regulator. Read @91basispoints tinyurl.com/5f2vv6zc #InstitutionalInvestors #Investing #equities

@HDFC_Bank's chairman exit isn't a people problem. It's a structure problem. When #management equity accumulates, oversight doesn't disappear — it just becomes harder to exercise without friction. Read @91basispoints tinyurl.com/yeayz9mp #HDFCBank #IBanking #RBI

@HDFC_Bank's chairman resigned, rattled #markets, then walked back his own charges. An ambiguous letter. Zero specifics. Those bred in the sarkar rarely learn that in a boardroom, kowtowing runs both ways. Read @91basispoints tinyurl.com/3k9umtyk @HDFCBankNews @FinMinIndia

#Jaguar killed its engine, dropped its logo, and relaunched in Miami Pink. @JLR_News CEO Balaji says exclusivity is the moat. The market says show me the buyer. read @91basispoints column tinyurl.com/9n5nvx2n @TataMotors_Cars #ElectricVehicle #LuxuryCars #PerformanceCars

A merger of @MazagonDockLtd @cslcochin @OfficialGRSE will give heft to India's #navy and #maritime ambition. Read tinyurl.com/348twekh @91basispoints tinyurl.com/348twekh @CMD_MazagonDock @DefenceMinIndia @shipmin_india tinyurl.com/348twekh

Turbulence at Tata Sons is a reminder that in #familybusiness, performance can be necessary yet never sufficient. @NCHANDRASEKARAN's routine third‑term extension has suddenly hit a speed bump. Does it mean uncertainty at the storied @TataCompanies Read basispointinsight.com/Story/Home/tat…

Policy expert G Chandrashekhar decodes the Indo-US agricultural trade framework announced in February 2026. From tariff eliminations on soybean oil and dry fruits to the contentious DDGS debate, Chandra explains what's real, what's noise, and why India's $45 billion trade surplus with the US is driving Trump's push for a deal. Key Discussion Points: 🔹Why there's no actual deal yet, just a framework 🔹India's import patterns for cotton, soybean oil, pulses and tree nuts 🔹GM crops, BT cotton and India's 22-year consumption reality 🔹Why agricultural universities and FPOs must work together 🔹DDGS and the poultry feed controversy G Chandrashekhar is a leading policy expert on agricultural trade, consulted by policymakers and regulators. He was part of India's 1998 delegation that studied BT cotton technology in the United States. 🎥 Watch the full conversation: youtu.be/YV7gAk2ZB3I OR Listen to the podcast now: open.spotify.com/episode/7liTob… @krishnadevanv, @AgriGoI, @NITIAayog, @icarindia, @ICRISAT #IndoUSTrade #FarmPolicy #TrumpTradeDeal #Pulses #GChandrashekhar #Agriculture #BasisPointInsight #BTCotton #GMCrops #DDGS #IndianAgriculture

PE #funds are #investing in #snacks, and companies are launching #drugs to treat #obesity. One profit pool is built on making obesity. The other profit pool is built on treating it. Read @91basispoints #publichealth #nutrition shorturl.at/jcGUo and shorturl.at/Jlsmb

Probably the only sensible piece on the alleged trade deal. Must Read, from the best sell side macro analyst in India: Dhananjay Sinha basispointinsight.com/Story/trump-s-…

Budget 2026 LIVE: Safe Harbour Expanded to ₹20 Billion, Easing IT Tax Uncertainty The Budget sharply expanded the safe harbour threshold for IT services to ₹20 billion from ₹3 billion, bringing a far wider universe of technology exporters under predictable transfer pricing rules. The move materially reduces tax uncertainty for firms operating global delivery models, where disputes over arm’s length pricing have historically led to prolonged litigation, capital lock-up, and management distraction. By allowing companies to opt for prescribed profit margins on cross-border transactions with overseas affiliates, the safe harbour framework limits discretionary scrutiny and improves cash-flow visibility. The expanded threshold now covers many mid-sized and large IT services firms that were previously excluded, lowering compliance costs and smoothing earnings. The change signals a clearer, rules-based tax environment for Indian subsidiaries, which could support confidence and valuations in the technology sector at a time when global capital is increasingly sensitive to regulatory risk. --By Krishnadevan V, Senior Journalist, Editorial Director, BasisPoint Insight @krishnadevanv #Budget2026 #economy #budgetwithBPI

Budget 2026 LIVE: New Income-tax Act ditches AY jargon, shifts India to ‘TY’ The new Income-tax Act will come into force from April 1, 2026, replacing the six-decade-old Income-tax Act, 1961 and scrapping the long-criticised distinction between “previous year” and “assessment year” in favour of a single, cleaner concept called the “tax year”. Under the new framework, income will be computed, taxed and described with reference to one tax year, meaning what was earlier framed as income of 2026–27 assessed in 2027–28 will simply be referred to as tax year 2026–27. The change applies across taxpayer categories, from salaried employees and pensioners to professionals, businesses and investors, and is aimed at reducing jargon and improving readability rather than altering headline tax rates. Existing disputes, exemptions and deductions under the 1961 law will continue under a detailed repeal-and-savings framework, while all fresh income computation will follow the new Act. The tax year concept also allows flexibility for shorter periods, relevant for start-ups and new entities. The real test, tax professionals say, will lie in how quickly rules, forms and systems align with the new language. -- By Krishnadevan V, Senior Journalist, Editorial Director, BasisPoint Insight @krishnadevanv #Budget2026 #economy #budgetwithBPI

Market #regulator #SEBI has a consultation paper on #indices. The question isn’t whether indices need oversight. It’s whether India wants competition or merely transparent concentration. #investing #fixedincome #equities To know read basispointinsight.com/Story/Author/s…

SEBI’s Investor Survey 2025 reveals that the real gap isn’t access, but rather temperament. Read “The Asset That India’s Markets Left Behind" @91basispoints basispointinsight.com/Story/Home/the… #investing #WealthManagement #behaviouraleconomics #equities #mutualfunds

India cracked the iPhone code with $50B in exports, proving we can execute at scale. Now policy wants to replicate that for auto components, targeting $60B by 2030. It won't work the same way. Apple created pull through one anchor client with massive volumes. Auto components exist in a fragmented world with 50+ global OEMs and 7-10 year qualification cycles. No single buyer dominates. No volume shortcut. India holds 3% of the $700B global component trade despite being the fourth-largest vehicle producer. We run 10% costlier than Chinese suppliers, another 20% on capital goods. Mexico commands 10% of transmission exports because they became engineering partners. We're value-tier manufacturers. Standards matter more than distance. IATF or VDA certifications take 18-36 months. Without local testing, prototypes travel to Germany, adding months. Port delays erase tariff benefits. The iPhone moment won't repeat. The next export surge will take longer and cut deeper. That's the cost of moving from assembly to integration. Read @krishnadevanv's column for BasisPoint: Copying the iPhone Model Will Fail Auto Component Manufacturing basispointinsight.com/Story/Home/cop… #Budget2026 #BPIBudget #AutoComponents #MakeInIndia #IndustrialPolicy #GlobalSupplyChains #OEMs #Manufacturing #IndiaEconomy

The world’s shipbuilding order is being rewritten in an age of geopolitical rivalry and friend-shoring. India has a unique chance to write its own chapter — one of a nimble, technologically adept maritime industry integrated into global supply chains as a strategic partner. Read @SharmilaChavaly's analysis — Charting a New Course: Why India’s Shipbuilding Ambitions Need a Strategic Redirection basispointinsight.com/Story/Home/cha… #Shipbuilding #MaritimeStrategy #IndustrialPolicy #Geopolitics #Friendshoring #IndiaEconomy #Ports #Infrastructure

New Episode: Talking Markets with Manoj Shenoy @krishnadevanv sat down with @shenoym —MD & CEO at BugleRock Capital (₹42,000+ crores AUM)— and talked about investing. Key Calls: 🔹India's 50% emerging market premium isn't alarming—it's historical average, down from 100% in 2023. FIIs fled chasing AI returns, but India could be the contra play when momentum corrects. 🔹Portfolio positioning: Large caps at fair value with earnings visibility. Avoid small caps—50% valuation premium with just 4-6% earnings growth. Bold call: Gold and silver remain buys despite their runs. Central banks are hoarding gold as dollar dominance wanes. Silver faces 20-25% supply shortfall from industrial demand. Fixed income, and within that private credit (7-13% returns), deserve attention as rates soften. Hear the full conversation on BasisPoint Insight Podcast for Manoj's unfiltered views on navigating today's complex investment landscape.👇 open.spotify.com/episode/1G7k7W… #Investing #Markets #AssetAllocation #IndianMarkets #Geopolitics #PortfolioStrategy

What would @ICICILombard do if a D&O claim showed an exec "accidentally" WhatsApped draft price-sensitive info? A designated person of the insurer did that and deleted it within an hour. Read basispointinsight.com/Story/Home/ici… #CorporateGovernance #SEBI #Compliance #investing #regulatory

@VishalBhargava5 @moneycontrolcom Bests, Vishal!

Personal Update: After 3.5 years doing the show, I log-off from The Tenant. When I started doing the show on @moneycontrolcom in July 2022, I didn't expect it to be as popular as it did. Who would want to see how unknown people mostly staying in simple and real homes - tell their story? It turns out that many did want to see it. It wasn't aspirational but was relatable and truthul. Tenants can be more objective about a property than an Owner can be. And credit for taking that call goes to the then editor @binoy_prabhakar - he did it and stuck with it. Thanks to the data and information available on @99acresIndia - one would know correctly about the location in advance. The skill lies in trying to get the almost impossible trinity: Interesting Home + Interesting Story + Interesting Character. Be it a struggling actor in a 150 sqft home - to a wealthy couple with no kids who want to live just for the moment. Almost 180 episodes later across cities in Mumbai, Pune, Nashik, Gurgaon, Delhi, Bengaluru etc its been a terrific journey. Every interaction is an education. One of the advantages of doing content as a creator and not as an employee - is you develop greater Skin in the Game. You study the content and its performance closely. You take every poor-performing episode very seriously. Then after a point you understand the audience and the algorithm better than most others. My aim has always been to be across mediums and formats. Short-form Instagram Reels/YT Shorts help in raking up Views and Followers. Long-form Podcasts help in garnering Respect and Education. But it was this mid-form show that has created a consistent identity. And for that I will always be thankful to the loyal viewers of The Tenant. Next Step: Short-break to focus on a few initiatives with regards to my own rapidly-growing platform. But I will be back. And Back with something bigger. Wish me Luck.

India’s #Jewellery Boom May Be Gold-Priced Mirage Sales in #India in Q3 were a price story, not a demand one. #Titan, #Kalyan, #Senco sales rose 41–51%. #Gold coin sales doubled, suggesting buyers were #investing, not celebrating. Read basispointinsight.com/Story/Search/i… #bullion #retailing

@Knb_mdi Hi Sharadbhai ! How are you? KD It has been a long time.