EQ Saturday Sapience #68
Equity Intelligence 25th May 2024
How India became the world's third largest startup hub in 15 years, the global financial system is in danger of fragmenting, a pathbreaking new research uncovers substantial variations in service charges levied by banks across India on basic savings bank accounts and a candid conversation with Amur Lakshminarayanan.
- Prime Minister Narendra Modi wants to make India the third largest global economy in his third term. At a Startup Mahakumbh event held in Delhi in March, Modi applauded India’s entrepreneurial spirit and urged the country’s youth to choose the path of being job creators rather than job seekers. India is seen as the world’s third largest ecosystem and has contributed to the nation’s progress in using technology to create impact and wealth… Read more
- The global financial system is in danger of fragmenting. The American-led financial order is giving way to a more divided one. The consequences of this shift will be enormous. A monolithic system long dominated, for better and worse, by America, has diversified to the point that big chunks of it could conceivably break free and go their own way… Read more
- A pathbreaking new research uncovers substantial variations in service charges levied by banks across India on basic savings bank accounts. The study exposes inconsistencies in adherence to RBI mandates; some banks impose charges that exceed reasonable limits… Read more
- We are trying to shift, which is why internally the mantra is that anybody who says we are a telco (tele-communications company) gets a slap on the wrist. We are not a telco anymore, we are trying to become a com-tech (communications technology) company... Read more
- “In the short run, a great deal of investment success can result from just being in the right place at the right time. I always say the keys to profit are aggressiveness, timing and skill, and someone who has enough aggressiveness at the right time doesn’t need much skill…. The easy way to see this is that in boom times, the highest returns often go to those who take the most risk. That doesn’t say anything about their being the best investors.” —Howard Marks
