US inflation is higher than expected. Postpones US rate cuts to later, closer to US Presidential elections, if at all. Brent oil now $90. Will keep rates higher for longer worldwide including India. Only wild card: China imploding economically. Get ready for global turbulence.

Privileged to have Honourable Vice President Dhankarji, Dr. Mrs. Dhankar and Amitabh Kant for the convocation ceremony at IIM Bodh Gaya at its new Campus.

When countries manage macro badly, savers move to protect value of their savings. Traditionally it was gold. Now bitcoin too! While I am not convinced about bitcoin, would it not be better than the Argentinian peso with 276% inflation?

Wow Nilesh. That’s less than half the rate at Mumbai’s BKC!

Anand, I salute your vision to see Kabaddi becoming one of India’s biggest sports. We are delighted to own the Pune franchise. Kabaddi season gives great joy to Pallavi, Jay and the family. We have invested in a kabaddi academy to attract talent. Excited about kabaddi’s future.

Below X shows the US power in the world. While the $ as a reserve currency and military power are important, the strength is their relentless creativity. The ecosystem of free society, the only true deep capital market. Planet earth is riding on them over all else for now!

The message below by Ivan Dimitrov is a total fake. I have not launched any new platform as purported below.

Japan’s Nikkei Index crosses 39,000 above its 1989 peak. 2 important messages: stocks can do well despite a weak yen, and it took 35 years to get out of the bubble era pre 1989!

Hong Kong court orders liquidation of Evergrande with 300 bn $ debt.

Attended the Global FinTech Forum at GIFT city today. It was a great convergence of brilliant minds in finance & technology, discussing innovative solutions for the digital economy. It is truly exciting to see how FinTech is reshaping our world.

My year end musings. A Financial Sector Model for India’s dream: 9% annual growth, $30 trillion GDP by 2047.

India is transforming from a nation of savers to investors. The tussle between the saver/ borrower and issuer/ investor model is underway.

In the early 80s, the Indian…

07.11.2023
Aditi & Jay

I am delighted that the RBI has approved our recommendation, Ashok Vaswani,as the next CEO of Kotak Mahindra Bank. Ashok is a world class leader and banker with digital and customer focus . I am proud that we bring a ‘Global Indian’ home to build Kotak and India of tomorrow.

This is a fake. I am not on LinkedIn.

Evergrande China finally implodes. 2 years after first news of trouble. Policy makers seem to have taken long time to act. China may have some learnings from US post Lehman and India post IL&FS.

Apple market cap crosses $ 3 trillion. Reflects future present. Product excellence, customer obsession, trust. Way to create sustainable value.

US fed increases overnight rates to 5-5.25%. 10 year 3.33%. Inverted yield curve. Money market funds offer 5%+. Risks to regional US banks. Pacwest bank drops~ 50% post market. Liquidity moves worldwide to funds,short term treasuries. Systemic banking stability is crucial.