There are three defining companies which epitomise the Indian financial markets – all of which with their unique characteristics have created enormous wealth through clinical execution: Reliance for its innovative ability to create wealth by leveraging itself through creative financial instruments; HDFC group for its consistent prudence in the demanding area of financial sector lending and risk management ; and Infosys for corporate governance.
The whistleblower allegations strike at the root of what Infosys stands for. In a country where large sections of the Government itself do not believe their own figures of late, Infosys has stood out as a beacon – now if investors cannot trust its financials then who do you trust in India? Valuation ultimately is a factor of trust and management quality, and thus it is not surprising that it lost $ 8 billion in market cap in one day. The question though is: will this derate the Indian markets too? Not at the moment: but if these facts are proven at a later stage it would accelerate the process of rising risk premiums in India - for more reasons than one.
Denne historien er fra October 26, 2019-utgaven av Businessworld.
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Denne historien er fra October 26, 2019-utgaven av Businessworld.
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MEMORIES & IMPRESSIONS
Ratan Tata was an exceptional human being. He was a visionary leader, esteemed industrialist, and a humanitarian, who left an indelible mark on India and the world.
The Robotaxi Market
The robotaxi market is shaping up to be a high-stakes battleground as tech giants and automakers race to transform urban mobility.
And the Nobel Prize Goes to AI
The recent Nobel Prize T awards to AI pioneers affiliated with Google have sparked a broader conversation about Big Tech's influence on research and the limitations of traditional prize categories.
Ola Electrified
Once considered a trailblazer in India’s electric vehicle (EV) ecosystem, Bhavish Aggarwal’s Ola Electric now faces a major accountability crisis.
Sharp Slide in Industrial Output on Eve of Deepavali
India’s index of industrial production (IIP) saw a sharp reversal in August, contracting by 0.1 per cent, in stark contrast to the 4.7 per cent growth in July, mostly because of significant contractions in mining and electricity generation.
Heralding the Solar Era with Sustainable Electrification
RAJEEV KASHYAP on the economics of solar power, the hurdles in scaling it, and much more
A WELL-GREASED MACHINE
The OmniBook X14 laptop runs on first-generation Snapdragon X Elite, which bets big on Al-enabled productivity and battery life, but falls short when it comes to overall experience, says Deep Majumdar
DO NOT LETA HEALTH CRISIS RUIN YOUR FINANCIAL HEALTH
For a family of four living in a metro, it is recommended to opt for a family floater health insurance plan with a sum insured of at least Rs 15-20 lakh
Disruption Ahead: Beyond Organisation Charts and Structures
ALBERT EINSTEIN FAMOUSLY said, “We cannot solve our problems with the same thinking we used when we created them.
Dr. Rahul Shivajirao Kadam: A Visionary Leader Blending Sustainability, Innovation, And Social Empowerment
We are on the stage of global warming, and these technologies not only help prevent further damage but also leave behind a better environment for future generations.
