Shows
Moneylife News BitesRBI Rate Cut Cannot Hide Structural WeaknessesIn this incisive video, Debashis Basu breaks down why the recent RBI rate cut won’t fix what truly ails India’s economy. From sluggish consumption and falling exports to weak private investment and overstretched government spending, Basu argues that India is facing a structural crisis, not a cyclical dip.Despite headline GDP growth of 6.5%, job creation is stalled, rural wages are stagnant, and consumption is faltering. Watch to understand why India’s economic strategy needs a complete rethink — and why monetary policy alone can’t rescue a faltering economy. Hosted on Acast. See acast.com...2025-06-1807 min
Moneylife News BitesIPO Mania is Back! But You Have been WarnedThe Indian markets are once again witnessing a surge in Initial Public Offerings (IPOs), particularly in the SME segment, with the BSE SME IPO Index soaring by over 5,000% since 2021. But beneath this rally lies a growing storm of fraud, deception, and regulatory blind spots that could wipe out unsuspecting retail investors.In this in-depth analysis, veteran journalist Sucheta Dalal unpacks the disturbing pattern of IPO abuse, collusion by merchant bankers, and shockingly blatant diversion of funds by newly listed companies. From Synoptics Technologies to Varyaa Creations and Trafiksol ITS, the list of dubious SME IPOs is...2025-05-2316 min
Moneylife News BitesEconomy: Back to 'Normal'?Debashis Basu explores the current state of the Indian economy, questioning whether we're returning to "normal" or facing deeper systemic challenges. From the fall in GST collections to the struggles in exports, consumption, and corporate profits, the video examines key economic indicators that suggest a slowdown. While there are bright spots like robust direct tax collections and growth in 5G smartphone sales, Basu argues that India’s economic foundation remains cyclical, lacking long-term structural reforms. Watch the full analysis to understand where the economy stands and what the future may hold. Hosted on Acast. See acast.com/privacy for mo...2024-10-2308 min
Moneylife News BitesGrowpital Scam: Will SEBI Refund Investor Money?Sucheta Dalal examines SEBI's interim order against Growpital, a firm that lured over 5,200 investors with promises of high, tax-free returns in agriculture. Despite SEBI's action to block Rs184 crore in funds, investors remain frustrated by delays in recovering their money. Sucheta explores the legal loopholes Growpital exploited, the role of SEBI in protecting investors, and the pressing need for a quicker refund process. Watch to learn why refunding investors is the only real protection they need. Hosted on Acast. See acast.com/privacy for more information.2024-09-2618 min
Moneylife News BitesDo Fed Rate Cuts Fire Up Stock Prices?Debashis Basu challenges the conventional wisdom that stock prices automatically rise when the US Federal Reserve cuts interest rates. Drawing on historical data and real-world examples, Basu reveals that the correlation between Fed rate cuts and market performance is weaker than many believe. He explores how other factors, like economic growth and corporate profits, play a far more significant role in determining stock prices, emphasizing that the Fed often follows the economy rather than leading it. Hosted on Acast. See acast.com/privacy for more information.2024-09-1008 min
Moneylife News BitesSEBI's Credibility Crisis & the Applicability of the Pinochet’s CaseSucheta Dalal draws a powerful parallel between the landmark Pinochet case and the current crisis engulfing SEBI (Securities and Exchange Board of India). What does a Chilean dictator have to do with a financial regulator in India? More than you'd think. The principles of judicial propriety from the Pinochet case highlight the ethical lapses in SEBI's handling of the Adani investigation, particularly the serious allegations of conflict of interest against SEBI's chairperson, Madhabi Puri Buch. Watch as Sucheta Dalal delves into this critical issue, examining the implications for India’s financial markets and the importance of transparency and ethics in re...2024-08-2112 min
Moneylife News BitesProposed New Rules: A Lifeline for Research Analysts, But What About Investment Advisors?Debashis Basu discusses SEBI's latest consultation paper that proposes significant changes to the regulatory framework for investment advisors (IAs) and research analysts (RAs). These changes include easing entry barriers, relaxing compliance requirements, and redefining roles, particularly for research analysts. As SEBI aims to expand the pool of registered advisors and analysts, Debashis Basu delves into whether these changes will truly benefit investors or lead to unintended consequences. Tune in to understand the impact of these proposals on the investment advisory landscape in India. Hosted on Acast. See acast.com/privacy for more information.2024-08-1409 min
Moneylife News BitesBudget Blues & Broken Promises: The Optics Are Wrong for Modi 3.0Sucheta Dalal examines the multiple crises facing India as the finance minister prepares to present the first budget of the third Modi government. With a focus on the widening income inequality, infrastructure failures, rampant corruption, education system issues, and the burden of taxation, Sucheta Dalal paints a comprehensive picture of the dire optics the government is currently battling. Hosted on Acast. See acast.com/privacy for more information.2024-07-1817 min
Moneylife News BitesAs RBI Weighs Tata Sons' Plea To Stay Private, Public Interest Favours ListingIn this insightful audio, Sucheta Dalal delves into the ongoing debate surrounding Tata Sons Pvt Ltd's potential public listing. As India's stock market remains buoyant, the Reserve Bank of India (RBI) has ordered Tata Sons, the cornerstone of the Tata empire, to list by September 2025. However, Tata Sons is exploring ways to circumvent this mandate. Sucheta Dalal examines the implications of listing Tata Sons, considering both investor interests and regulatory governance. The video explores the reasons behind RBI's push for listing, rooted in the aftermath of the IL&FS collapse and the introduction of a revised...2024-06-2017 min
Moneylife News BitesPolitics Is Back in Political EconomyListen to this week's episode, Debashis Basu delves into the contrasting personas of Narendra Modi: the administrator and the perpetual political campaigner. He reflects on Modi's decade-long strategy, which has combined Hindutva, nationalism. and welfarism to secure electoral victories while maintaining economic stability. However, the recent election results signal a return to coalition politics, challenging Modi’s autocratic leadership style and raising questions about the sustainability of his economic policies. Debashis Basu explores the electorate's growing dissatisfaction with slogans and memes, highlighting the pressing need for real economic reforms, job creation, and empowerment of the private sector. Watch as Debashis Ba...2024-06-1908 min
Moneylife News BitesPolitical Parties Must Be Subject To the Same Stringent Transparency Rules as NGOsThis week Sucheta Dalal looks at the Supreme Court's decision on Electoral Bonds in India. These bonds allowed anonymous donations to political parties, raising concerns about transparency. The Court struck down the scheme, demanding to know who donated to whom. Listen to this week's episode as Sucheta Dalal argues that the same stringent rules transparency applied to NGOs should also be applicable to political parties. Hosted on Acast. See acast.com/privacy for more information.2024-03-2014 min
Moneylife News BitesNow, How about a White Paper on Vision 2047 Rather Than on 2004-14?This week Debashis Basu discusses a recent White Paper that critiques the economic policies of a past government. He highlights the economic mismanagement during a specific period and questions the timing and intent behind the document. Debashis Basu suggests focusing on future plans rather than dwelling on past issues and compares this approach to China’s strategic planning model. Hosted on Acast. See acast.com/privacy for more information.2024-02-1410 min
Moneylife News BitesBankruptcy: Lavasa Revival Needs Fresh Thinking and End to Delays Caused by Public Sector BanksLavasa City, India's first planned private hill station, faces challenges after bankruptcy in 2018, marked by controversy, legal issues, and debt. Despite approval of a Rs1,814 crore bid by Darwin group in 2021, legal challenges persist, with home-buyers dissatisfied and banks opposing the resolution plan. The city's infrastructure is deteriorating, leading to irregular services. Listen to this week's episode as Sucheta Dalal takes a closer look. Hosted on Acast. See acast.com/privacy for more information.2024-01-0515 min
Moneylife News BitesThe Consensus Bullish ForecastListen to this week's episode as Debashis Basu questions the reliability of economic and financial forecasts, citing examples of inaccurate predictions in the US for 2023. It contrasts the unpredictability of markets with India's potential for more accurate long-term forecasts, given recent policy changes. Also discussed in the video are initiatives like the production-linked incentive (PLI) scheme, massive capital spending, and the potential reduction in imports. Despite optimism about sustained growth, Debashis Basu advises caution, emphasising the importance of considering whether positive expectations are already reflected in current stock prices Hosted on Acast. See acast.com/privacy for more information.2024-01-0409 min
Moneylife News BitesOver Rs1 Lakh Crore Lying in Inoperative Bank Accounts on Way To Becoming Unclaimed FundsThe finance ministry informed Parliament of a surprising 28% increase in unclaimed deposits to Rs42,270 crore on 31 March 2023 (against Rs32,934 crore during FY21-22). Get ready for an even more staggering truth: this figure of unclaimed deposits represents a mere quarter of the money that is locked away in ‘inoperative’ bank accounts. Listen to this week's episode as Sucheta Dalal explains how inoperative bank accounts are a bigger mess than unclaimed deposits. Hosted on Acast. See acast.com/privacy for more information.2023-12-2914 min
Moneylife News BitesABG Shipyard Exposes Bankruptcy Law: Write-off Wonderland or Debt Recovery DisasterThis week Sucheta Dalal talks about the bankruptcy proceedings of ABG Shipyard. Many companies are liquidated because there are no bidders and the recovery is in single digits. Large defaulters, like Anil Ambani’s Reliance Capital and the Videocon group, have received bids below the liquidation value and many defaulters have been liquidated with pathetic recovery because there were no takers under the resolution process. Listen to this week's episode as Sucheta Dalal exposes the flaws of the bankruptcy law. Hosted on Acast. See acast.com/privacy for more information.2023-12-2117 min
Moneylife News BitesStocks: New Players, Old BehaviourHere are two sets of bare facts. One, private mutual funds were permitted to be set up in 1993 and, in the past 21 years, until the end of 2014, their equity investment had gradually touched Rs200,000 crore spread across pure equity schemes, balanced schemes and equity-linked savings schemes. At the current rate of growth, by March 2024, equity assets held by mutual funds are expected to touch an astounding Rs24 lakh crore. This implies a stunning 12 times growth in the past decade, a compound annual growth rate of 28.2%. This is the story of institutionalisation or aggregation of Indian savings directed at equity markets...2023-12-2007 min
Moneylife News BitesAquacity Homebuyers and MP-RERA Get Landmark Order against Aakriti Group and DB CorpOn 9 December 2023, the national company law appellate tribunal (NCLAT) delivered a landmark order in favour of Aquacity Consumer and Social Welfare Society (ACSWS), which represents a group of home buyers, and the Madhya Pradesh Real Estate Regualtory Authority (MP-RERA). The homebuyers will hopefully get a refund of their investment with interest from the Aakriti group, even if they have had to give up on the homes they had invested in. Listen to this week's episode as Sucheta Dalal takes a closer look. Hosted on Acast. See acast.com/privacy for more information.2023-12-1415 min
Moneylife News BitesIs SEBI Toothless, Despite Its Powers?Even as millions of new investors enter the capital market, our investor grievance redress system remains broken. Two recent orders that have gone against the Securities and Exchange Board of India (SEBI) expose the frightening state of affairs. Listen to this week's episode as Sucheta Dalal takes a closer look. Hosted on Acast. See acast.com/privacy for more information.2023-12-0616 min
Moneylife News BitesThe Modi PremiumThe market jumped to an all-time high on the news of higher growth rate of the gross domestic product (GDP) and several opinion polls favouring a return of the Bhartiya Janata Party (BJP) government in Madhya Pradesh and a close contest in Rajasthan. Debashis Basu believes that the Indian stock market is carrying, what can be called, a Modi premium. Listen to this week's episode he explains. Hosted on Acast. See acast.com/privacy for more information.2023-12-0506 min
Moneylife News BitesRaymond and Murugappa Cases Show Women in Corporate India Are Still Climbing MountainsThe recent events at Raymond Ltd (Raymond) and the Murugappa group suggest that women have more mountains to climb before achieving true equality in the boardroom. Listen to this week's episode as Sucheta Dalal takes a deeper look. Hosted on Acast. See acast.com/privacy for more information.2023-12-0115 min
Moneylife News BitesFinancial Frauds Caught in a Farcical Recovery Process: Sahara, Pancard & PACLAfter the death of Sahara founder Subrata Roy on 14th November, the government has quickly begun to explore the possibility of transferring funds with the market regulator to the Consolidated Fund of India (CFI). Listen to this week's episode as Sucheta Dalal looks at Sahara and other such financial frauds that have occurred in India. Hosted on Acast. See acast.com/privacy for more information.2023-11-2218 min
Moneylife News BitesSahara: Ghost, Duped Investors & Regulatory FailureWith the death of Sahara’s founder Subrata Roy, what happens to the crores of rupees that remain unpaid for investors of Sahara’s various cooperative schemes? Will regulators finally wake up and work towards a solution for aggrieved investors or will the case be quietly buried? Listen to this week's episode as Debashis Basu explores. Hosted on Acast. See acast.com/privacy for more information.2023-11-2109 min
Moneylife News BitesWhen Banks Undermine Government's Effort To Provide a Safety Net by Stealing Depositors' MoneyThis week, Sucheta Dalal takes a look at the ways banks continue to undermine regulatory oversight by stealing depositors’ money. Listen to this week's episode to learn more. Hosted on Acast. See acast.com/privacy for more information.2023-11-1722 min
Moneylife News BitesWas Jet Airways a Bankruptcy or a Fraud Enabled by Bankers and Auditors?The Jet Airways case followed a standard template evident in almost all the large bankruptcy cases. Listen to this week's episode as Sucheta Dalal explores whether Jet Airways was a bankruptcy or a fraud enabled by bankers and auditors. Hosted on Acast. See acast.com/privacy for more information.2023-11-0818 min
Moneylife News Bites‘Risk-on’ for MarketsStock markets are ruled by “sentiment” which drives money in and out of the markets. Bullish sentiment is described as a risk-on period while the bearish sentiment is called risk-off. The US market and economy have a profound influence on emerging markets and it is worth paying attention to them. Listen to this week's episode as Debashis Basu explains in depth. Hosted on Acast. See acast.com/privacy for more information.2023-11-0709 min
Moneylife News BitesWhy Did NRN’s Call for a 70-hour Week Cause an Explosion of Rage?Long revered as the ‘simple’ middle-class, super-success story, the Murthys of Infosys are perhaps perplexed at why social media seems to explode at their comments these days. This time around, it was NR Narayana Murthy’s ‘request’ that India’s youth must emulate the Japanese and the Germans (who rebuilt their respective nations after the World War), and work for 70 hours a week to build our nation, which caused an uproar. Listen to this week's episode as a Sucheta Dalal takes a closer look. Hosted on Acast. See acast.com/privacy for more information.2023-11-0320 min
Moneylife News BitesBeyond Money: Mental Health and the Battle against Neglect, Abuse, Corruption Needs New InitiativesThousands of fit people are thrown into mental hospitals by their families taking advantage of a corrupt system and those who have recovered after treatment continue to languish there, in very poor conditions, because their families do not want to take the responsibility for them. Listen to this week's episode as Sucheta Dalal, takes a closer look. Hosted on Acast. See acast.com/privacy for more information.2023-10-2714 min
Moneylife News BitesHow To Loot the Public Sector BanksThis week, Debashis Basu returns to the bankruptcy and liquidation case of C&C Towers Ltd (CCTL). Listen to learn how public sector banks continue to sanction bad loans and are never held accountable for the same. Hosted on Acast. See acast.com/privacy for more information.2023-10-2608 min
Moneylife News BitesRBI and SEBI: Post-office Regulators and the Art of Closing Complaints without InquiryThis week, Sucheta Dalal takes a closer look at the grievance redressal mechanisms at the Reserve Bank of India (RBI) and Securities Exchange Board of India (SEBI). Hosted on Acast. See acast.com/privacy for more information.2023-10-2017 min
Moneylife News BitesIndian Consumers and the Mirage of Compensation for Deficient ServiceEvery so often, when one posts a consumer grievance issue on social media, a host of well-meaning sympathisers will say—take them to court, demand compensation, make them pay! The reality is very different. Listen to this week's episode as Sucheta Dalal explains why. Hosted on Acast. See acast.com/privacy for more information.2023-10-1120 min
Moneylife News BitesBeyond the Bond Market’s MessageOutside of hardcore market participants, not many people are aware of an ongoing crash in one of the largest markets in the world—the US bond market. Listen to this week's episode as Debashis Basu takes a closer look. Hosted on Acast. See acast.com/privacy for more information.2023-10-1008 min
Moneylife News BitesHimalayan Blunder on Defamation Should Make Corporate India RethinkLast week, Himalaya Wellness Corporation (Himalaya) filed a defamation suit against Cyriac Abby Philips, a hepatologist for his scathing public comments on Liv52, Himalaya’s flagship brand launched in 1955. Listen to this week's episode as Sucheta Dalal takes a closer look at this particular defamation case. Hosted on Acast. See acast.com/privacy for more information.2023-10-0414 min
Moneylife News BitesSuccession Issues: Will PMO Force Financial Regulators To Ensure Ease of Claiming AssetsWe have many well-intentioned proposals, new rules from the Securities & Exchange Board of India (SEBI), a new claims portal from the Reserve Bank of India (RBI), the promise of simplification after a public consultation by the investor education and protection fund (IEPF), all for improving the nomination and succession process. But has any of it worked? as Sucheta Dalal takes a closer look. Hosted on Acast. See acast.com/privacy for more information.2023-09-2724 min
Moneylife News BitesNavigating through the Economic Data FogThere are broadly two views on the Indian economy. One is untrammelled boosterism, the dream of becoming a US$5trn (trillion) economy, delivered by an ostensible era of perpetual prosperity, supported by a set of rosy data. Another view is sceptical of such an inference, based on a different data set. There is enough evidence to support both views, which creates an economic data fog, as Debashis Basu calls it. Listen to this week's episode to learn more. Hosted on Acast. See acast.com/privacy for more information.2023-09-2609 min
Moneylife News BitesFamily Feuds: Greed, Ego and Value Destruction for Minority InvestorsThe inability to share wealth and power amicably among siblings, and within families, is a universal problem. Globally, a quick transition from family-/individual-owned businesses to professional management and fear of shareholder lawsuits, especially by activist shareholders, have usually contained the problem. But this is not the case in India. Listen to this week's episode as Sucheta Dalal explores. Hosted on Acast. See acast.com/privacy for more information.2023-09-2222 min
Moneylife News BitesHeera Gold, Still under Investigation and Litigation Attempts a Comeback with Digital GoldHeera Gold, the ‘halal investment’ opportunity that was described as a ‘Ponzi-like’ scheme by the capital market regulator, is back at its old game of luring people with the promise of high returns. This time, the company and its founder are hawking ‘digital gold’. Listen to this week's episode as Sucheta Dalal explores further. Hosted on Acast. See acast.com/privacy for more information.2023-09-1515 min
Moneylife News BitesNifty Crosses 20,000, but the Real Bull Market Is in Small- and Micro-capsAn extraordinary bullishness has gripped a segment of the Indian market. On September 11, the benchmark index Nifty 50 crossed 20,000, braving many negatives such as selling by foreign institutional investors, high bond yields in the US and falling global liquidity. However, the real story is the extraordinary rally in smaller companies' stock prices which are shooting up like wild weeds for the sixth month running. Listen to this week's episode as Debashis Basu takes a look. Hosted on Acast. See acast.com/privacy for more information.2023-09-1411 min
Moneylife News BitesIs SEBI’s Move To Rein in Fake Gurus Designed To Ring Fence Itself and Referral-driven Brokers?After losses inflicted by fraud and mis-selling due to the Finfluencers-Trainer-Referral model have led to a furore on social media, the market regulator has stirred into action – much like the police in Hindi movies of the 1980s. Meanwhile, their victims have begun to demand a refund of training fees, sending the fake market gurus rushing to seek legal advice anticipating regulatory action. Listen to this week's episode as Sucheta Dalal takes a deeper look. Hosted on Acast. See acast.com/privacy for more information.2023-09-0620 min
Moneylife News BitesTrainers Who Lure Gullible Investors with Fake Trading Profits Need To Be Made AccountableIn the past few days, thousands of angry traders have been spewing vitriol about several high-profile trainers who, it is alleged, have consistently made false claims about their trading prowess to lure gullible investors into buying their online trading courses or open brokerage accounts from which they make crores of rupees as referral fees. How serious is the issue? Listen to this week's episode as Sucheta Dalal take a deeper look. Hosted on Acast. See acast.com/privacy for more information.2023-09-0118 min
Moneylife News BitesSEBI’s Barks against Finfluencers. But it Needs To BiteThe market regulator Securities & Exchange Board of India (SEBI), released two short discussion papers that aim to curb the malpractices of financial influencers or finfluencers. But will SEBI’s actions will help curb the menace of finfluencers? Listen to this week's episode as Debashis Basu takes a deeper look. Hosted on Acast. See acast.com/privacy for more information.2023-08-3010 min
Moneylife News BitesBrightcom Group – Set To Become a Case Study of Fraud & ManipulationThe unprecedented second interim order of the market regulator against the Brightcom Group Ltd (Brightcom) on 22nd August had no surprises for discerning investors, analysts or commentators. It is a bit like Byju’s—everybody had seen it coming for over a year. And yet, the sheer audacity of the fraud, collusion, stock price manipulation and disregard for rules that have been unearthed so far makes this a case study on par with the notoriety of Dinesh Dalmia’s DSQ Software group, Ramalinga Raju’s Satyam Computers and other scandals that will be documented for posterity. Listen to this week's episode...2023-08-2518 min
Moneylife News BitesManufacturing Reputations: A Sting Operation on the World Fin-influencersIs a social media influencer’s opinion genuine or paid for? This question has become increasingly difficult to answer, resulting in widespread suspicion about genuine posts as well. Listen to this week's episode as Sucheta Dalal takes a deeper look. Hosted on Acast. See acast.com/privacy for more information.2023-08-1817 min
Moneylife News BitesAs Global Economic Outlook Turns Cloudy, Will Indian Markets Remain Immune?For the past four months, a strong rally has gripped the Indian market, while the US stock market has been on a huge bull run throughout 2023. Investors have shrugged off macroeconomic problems such as high-interest rates, poor economic growth and very high debt levels in the developed world. And yet, having declared victory over inflation in the US, which was the main bugbear of 2022, investors appear to be having second thoughts about whether the problems are really over. Indeed, various parts of the world economy could perhaps throw up some nasty surprises. Listen to this week's episode as Debashis Basu...2023-08-1711 min
Moneylife News BitesSAT confirms That SEBI’s SCORES Acts Like a Post-office. What Next for Investor Grievance Redress?On 3rd August, the securities appellate tribunal (SAT) issued an interesting order which, finally, nails down what thousands of investors have suspected and complained about—that the market regulator deals with complaints to its grievance redress system like a post-office. It merely forwards cases to the regulated entity against which there is a complaint. Listen to this week's episode as Sucheta Dalal examines the SAT order in detail. Hosted on Acast. See acast.com/privacy for more information.2023-08-0815 min
Moneylife News BitesByju’s Was a Slow Train Wreck, Visible to All but Its VCsIn March 2022, Byju’s, with a valuation of US$22bn, established by a US$800mn (million) fund-raise, was India’s most valuable start-up, despite declaring a loss of Rs4,588 crore for the year ended 31 March 2021. Things have gone downhill since then and even though the signs were always there, the Venture Capitalists invested in Byjus somehow missed it all. Listen to this week's episode as Sucheta Dalal, takes a deeper look to examine where you things have gone wrong with Byjus. Hosted on Acast. See acast.com/privacy for more information.2023-08-0418 min
Moneylife News BitesCan Jio Financial Disrupt the Mutual Fund Business?Mukesh Ambani’s newly demerged entity Jio Financial Services, about which hardly anything is known, is widely expected to disrupt the $540bn (billion) Indian mutual fund (MF) business. Listen to this week's episode as Debashis Basu examines whether a disruption in the Indian MF market is imminent. Hosted on Acast. See acast.com/privacy for more information.2023-08-0213 min
Moneylife News BitesCongratulations! Your Privacy Is Officially Compromised with No RemedyAsk anyone who has registered a company or a limited liability partnership (LLP) online, and you will learn that a flood of spam calls to your registered mobile number, scores of emails and WhatsApp messages marketing bank accounts, compliance services, rubber stamp-makers, etc, will be your first intimation of formal registration. The official email will reach you a few days later. Listen to this week's episode as Sucheta Dalal takes a look how your privacy has been compromised. Hosted on Acast. See acast.com/privacy for more information.2023-07-2716 min
Moneylife News BitesThe Nerve-racking Possibility of Being Non-compliant with Rules in IndiaSocial media is filled with complaints from citizens who have received notices from the Income Tax department on IT returns filed years or sometimes decades ago. This is just the tip of the iceberg. Listen to this week's episode as Sucheta Dalal examines how difficult it has gotten for law abiding citizens to comply with the ever changing rules and regulations in India. Hosted on Acast. See acast.com/privacy for more information.2023-07-2016 min
Moneylife News BitesBanks' Digital Push, Disregarding Customers' SafetyThis week, Debashis Basu looks at the curious case of Bank or Baroda officials onboarding and registering fake phone numbers on their mobile application to boost numbers. Listen to this week's episode to learn more. Hosted on Acast. See acast.com/privacy for more information.2023-07-1910 min
Moneylife News BitesSEBI Regulation: Is Madhabi Puri Buch Getting It Right or Wrong?The Securities and Exchange Board of India (SEBI) and its chairperson Madhabi Puri Buch have been the subject of several media columns in recent days. As the first private sector person and woman to head the powerful market regulator, she already comes in for extra scrutiny. There is also a consensus of sorts that she works hard, is data-driven, more outspoken than most of her predecessors and would like to be seen as tough but fair. So, how is she faring so far? Listen to this week's episode as Sucheta Dalal takes a look. Hosted on Acast. See acast...2023-07-1319 min
Moneylife News BitesPower Play: Politics, Intimidation, and AccountabilityThe big question this week, after almost the entire Nationalist Congress Party (NCP) joined the government in Maharashtra, is whether the Bharatiya Janata Party (BJP) is one giant washing machine, which would cleanse politicians under the scanner of our investigation agencies of corruption charges, money-laundering and worse. Listen to this week's episode as Sucheta Dalal takes a deeper look. Hosted on Acast. See acast.com/privacy for more information.2023-07-0520 min
Moneylife News BitesRandom Thoughts at Market HighLast week, the Indian market hit an all-time high. The Nifty just crossed 19,200 and fell back, while the Sensex crossed 64,700. There is strong bullishness all around, with some suggesting that the momentum is so strong that the index will quickly cross 20,000 and go higher. Listen to this week's episode as Debashis Basu shares his thoughts on the market. Hosted on Acast. See acast.com/privacy for more information.2023-07-0409 min
Moneylife News BitesSubhash Chandra: Brilliant Entrepreneurship, Dodgy Business Practices & Nine LivesSubhash Chandra, best known as the high-profile founder of the Zee group (now chairman emeritus) is a maverick entrepreneur who pioneered several new businesses in India—private television news, laminated packaging and giant theme parks. However, the road to achieving his goals of rapid growth, quick riches and diversification has always been suspect and controversial. Listen to this week's episode as Sucheta Dalal takes a deeper look. Hosted on Acast. See acast.com/privacy for more information.2023-06-3015 min
Moneylife News BitesDefaulter Bailouts and Broken Trust: RBI’s Views Swing like a PendulumWhen it comes to bank loan defaults, the Reserve Bank of India’s (RBI’s) views seem to swing from one extreme to another, like a pendulum. Listen to this week's episode as Sucheta Dalal takes a deeper look. Hosted on Acast. See acast.com/privacy for more information.2023-06-2220 min
Moneylife News BitesKYC: Banks Don’t Have the Right To Freeze Accounts. It’s IllegalThis week Debashis Basu explains why banks freezing accounts for want of KYC updation is illegal. Listen to this week's episode to learn more. Hosted on Acast. See acast.com/privacy for more information.2023-06-2109 min
Moneylife News BitesKanungo Committee Has Practical Suggestions for Bank Customers. Let’s Ensure They Are EnforcedThe customer services committee headed by former deputy governor of the Reserve Bank of India (RBI), BP Kanungo, has come up with a crisp set of recommendations that have addressed all the important pain points faced by consumers in dealing with banks and other regulated entities (REs) of RBI. Listen to this week's episode as Sucheta Dalal talks about the suggestions made by the Kanungo committee and what you can do to ensure the recommendations are implemented. Hosted on Acast. See acast.com/privacy for more information.2023-06-1524 min
Moneylife News BitesNSE-Colo Scam: How Long Can the Regulator Drag on with the Drama of InvestigationWhile the Supreme Court (SC) bench, hearing the Adani stock price crash issue, correctly refused to give SEBI another six months to complete the investigation, the fact is that SEBI has no timelines for its probes and cases have dragged on 20 years, in some cases. Listen to this week's episode as Sucheta Dalal once again takes a look at the NSE-Colo scam and the long drawn out investigation. Hosted on Acast. See acast.com/privacy for more information.2023-06-0919 min
Moneylife News BitesBanks Up To Tricks with Bad Loans Again?RBI Governor Shaktikanta Das sent out a warning recently to banks that resort to tricks to evergreen bad loans. Listen to this week's episode as Debashis Basu explores the bad practices that many banks unfortunately continue doing. Hosted on Acast. See acast.com/privacy for more information.2023-06-0709 min
Moneylife News BitesSC Committee on Hindenburg Saga Flags ‘Onerous’ Disclosures.The SC committee on Adani-Hindenburg saga, pointed out that the dilution of disclosure norms by foreign portfolio investors (FPIs) was the loophole that would stymie SEBI’s investigation. Yet, the same expert committee also makes a case for less corporate disclosures by listed entities on the fallacious grounds that ‘a surfeit of disclosures’ are loading us investors “with so much data and noise that the real content necessary to make an informed decision may be lost.” Listen to this week's episode as Sucheta Dalal explains in detail. Hosted on Acast. See acast.com/privacy for more information.2023-06-0121 min
Moneylife News BitesAdani Stocks: What Price Rigging?The Supreme Court appointed committee on Adani recently released a report that gave a clean chit to both Adani and SEBI, the regulator. Listen to this week's episode as Debashis Basu takes a closer look. Hosted on Acast. See acast.com/privacy for more information.2023-05-2510 min
Moneylife News BitesAdani Stock Saga: Clean Chit by SC Committee Raises QuestionsOn 6th May, an expert committee submitted a report on the Adani saga making a masterly, point-by-point legal case for exonerating the group and the market regulator, while also suggesting that, if the ‘letter of the law’ were to be followed, there is no case for repeated and never-ending investigation based on ‘suspicion’ that various actions of the group violated the ‘spirit of the law’. Listen to this week's episode as Sucheta Dalal explains why a clean chit raises more questions than it answers. Hosted on Acast. See acast.com/privacy for more information.2023-05-2425 min
Moneylife News BitesWhy Is SEBI Taking Umbrage at Being ‘Accused’ of Investigating Adani Stock Run-up?On 15th May, the Securities and Exchange Board of India (SEBI) claimed in Court ‘allegations’ that it has been investigating the Adani group since 2016 are ‘factually baseless’. Listen to this week's episode as Sucheta Dalal investigates why SEBI has decided to take umbrage at being accused of investigating the Adani stock run-up. Hosted on Acast. See acast.com/privacy for more information.2023-05-1917 min
Moneylife News BitesWhat Is Behind the K-shaped Growth?When some parts of the economy experience strong growth while others continue to decline, like two arms of the letter 'K', it is known as K-shaped growth or K-shaped recovery. The worst kind of K-shaped growth is when a small number of (very rich) people do very well while the vast majority languishes. Listen to this week's episode as Debashis Basu looks at the reasons for Indian economy's K-shaped growth. Hosted on Acast. See acast.com/privacy for more information.2023-05-1213 min
Moneylife News BitesWhen Unique Customer IDs are Not Really Unique, Bank Customers Are Inevitable VictimsWould it surprise you to know that banks still do not have unique customer IDs allocated to every customer, 11 years after the Reserve Bank of India (RBI) directed them to do so? Or that banks, sometimes, allot more than one UCIC, defeating the very purpose of the anti-money laundering rules? Listen to this week's episode as Sucheta Dalal investigates. Hosted on Acast. See acast.com/privacy for more information.2023-05-1017 min
Moneylife News BitesAfter 32 Broker Defaults, SEBI Attempts To Stop Misuse of Investor FundsThe Securities and Exchange Board of India (SEBI) has recently announced measures to stop misuse of investor funds. This action comes after 32 broker defaults. Listen to this week's episode, as Sucheta Dalal takes a deeper look. Hosted on Acast. See acast.com/privacy for more information.2023-05-0417 min
Moneylife News BitesAnkiti Bose vs Mahesh Murthy: Will Defamation Suit Dampen Investigation into Start-up Founders & VCsDefamation is a powerful tool, used largely by politicians, businesses and celebrities. Litigation is expensive and often drags on to the point of becoming meaningless. So, the law is out of the reach of most others. But defamation cases make for juicy headlines, especially when the founder of a start-up that has just imploded, files a million dollar defamation suit over an article written by a high-profile venture capitalist (VC). Listen to this week's episode as Sucheta Dalal takes a look at the case of Ankiti Bose and Mahesh Murthy. Hosted on Acast. See acast.com/privacy for more...2023-04-2718 min
Moneylife News BitesTaxing Capital Gains More will Not Reduce InequalityLast week, Bloomberg reported that India is preparing to overhaul its direct tax laws to help “Prime Minister Narendra Modi reduce widening income inequality.“ Listen to this week's episode as Debashis Basu takes a look at the impact taxing capital gains might have on reducing inequality. Hosted on Acast. See acast.com/privacy for more information.2023-04-2610 min
Moneylife News BitesCafé Coffee Day: Management Remains in Place despite Fraud, Misappropriation and Diversion of FundsA lot is happening at Café Coffee Day Enterprises Ltd (CDEL); but none of it is good news for investors. Listen to this week's episode as Sucheta Dalal takes a deeper look at the Cafe Coffee Day mess. Hosted on Acast. See acast.com/privacy for more information.2023-04-2114 min
Moneylife News BitesMCA21: Company Secretaries Erupt in Anger, Once Again over LTIMindtree’s Dysfunctional Version3Many in India believe in the concept of ‘Saade-Sati’– a feared 7.5 year-long phase of the God Shani—when a person faces many challenges. The world of company secretaries (CS) seems to be facing a different, and more draconian, version of this when it comes to dealing with the MCA21 online corporate filing and compliance system. Listen to this week's episode as Sucheta Dalal takes a look at the problems faced by CS when completing regulatory filings. Hosted on Acast. See acast.com/privacy for more information.2023-04-1422 min
Moneylife News BitesRolling the Dice on GrowthAs inflation declines, India has paused its interest rate hikes and there is optimism in the air that we have crossed the cyclical hump of a slowdown and should enjoy strong growth. Listen to this week's episode as Debashis Basu takes a deeper look at the projected economic growth of India. Hosted on Acast. See acast.com/privacy for more information.2023-04-1308 min
Moneylife News BitesSahara Refunds: A Silent Regulator and a Mysterious and Confusing Supreme Court OrderOn 29th March, the press information bureau (PIB) issued an unusual press release about a Supreme Court (SC) order in a public interest litigation (PIL) seeking refund of money deposited with four cooperative societies set up by the notorious Sahara Pariwar. The details of what led to the order are both, extraordinary and confusing, not to mention the fact that it does not give any numbers; the math just does not add up. Listen to this week's episode as Sucheta Dalal take a deeper look. Hosted on Acast. See acast.com/privacy for more information.2023-04-0621 min
Moneylife News BitesSC Order Balances Borrowers’ Rights but Lenders’ Liability and Accountability Remains a DreamOn 27th March, a Supreme Court (SC) bench, headed by chief justice Dr Dhananjay Chandrachud, issued an order which said that banks must give the borrower a hearing before classifying the loan account as a fraud. The order has evoked mixed reactions. Listen to this week's episode as Sucheta Dalal takes a deeper look. Hosted on Acast. See acast.com/privacy for more information.2023-03-3117 min
Moneylife News BitesHow RBI Can Force Banks To Treat Their Customers FairlyThis week, Debashis Basu takes a look various issues where a lack of standard operating procedures issued by the Reserve Bank of India have harmed customers. Hosted on Acast. See acast.com/privacy for more information.2023-03-2913 min
Moneylife News BitesNeeded: Public Liability Insurance & Punitive Damages for Man-made TragediesThis week, Debashis Basu examines public liability insurance and the lack of awareness about such insurance in India. Listen to this week's episode to learn why public liabiltiy insurance is essential. Hosted on Acast. See acast.com/privacy for more information.2023-03-1712 min
Moneylife News BitesRERA and NCDRC Are Finally Coming to the Aid of Hapless Home-buyersSix years after the Real Estate (Regulation and Development) Act (RERA) came into existence, a series of decisions is finally working in favour of home-owners. Even the national consumer disputes redressal commission (NCDRC) has stepped up and issued hard hitting orders in favour of home-owners. Listen to this week's episode as Sucheta Dalal examines how RERA and NCDRC have helped home-owners. Hosted on Acast. See acast.com/privacy for more information.2023-03-1614 min
Moneylife News BitesWill SC Experiment Provide Answers to the Adani Share Saga?The Supreme Court of India (SC) order of 2nd March is a new experiment in investigating financial irregularities that lead to a public outcry. The order was in response to a batch of petitions following the release of a detailed report by Hindenburg Research on 24th January. Listen to this week's episode as Sucheta Dalal examines whether this "experiment" of the Supreme Court will finally give answers on the Adani saga. Hosted on Acast. See acast.com/privacy for more information.2023-03-0917 min
Moneylife News BitesPrateek Gupta: The Big Indian Defaulter behind a $500 Million International Commodities FraudWe take great pride in the fact that many successful Indians are occupying corner offices at the world’s largest and most powerful corporate houses and every action of theirs makes news in India. The flip side is that people of Indian origin will also hit the headlines for zip and enterprise of another kind—for gigantic fraud, running mega scams and even market manipulation. Listen to this week's episode as Sucheta Dalal talks about Prateek Gupta, another PIO who's a defaulter on loans. Hosted on Acast. See acast.com/privacy for more information.2023-03-0214 min
Moneylife News BitesThe Adani Saga: Wilful BlindnessThis week, Debashis Basu continues to talk about the Adani saga and the wilful blindness by regulatory bodies to recognise a clear case of price rigging. Hosted on Acast. See acast.com/privacy for more information.2023-03-0110 min
Moneylife News BitesSC Would Find Lessons from the Past in Investigating Financial ScandalsAbout a week ago, the government accepted the Supreme Court's (SC’s) suggestion to set up a committee led by a retired judge to study the crash in Adani group shares as well as to recommend improvements in statutory and regulatory regimes governing the securities market. Listen to this week's episode, Sucheta Dalal steps back in time to look at past scams and scandals where a separate committee was setup for investigation. Hosted on Acast. See acast.com/privacy for more information.2023-02-2219 min
Moneylife News BitesAdani Saga: Easy Come, Easy GoListen to this week's episode, Debashis Basu takes a look at the recent Adani Enterprises saga post release of the Hindenburg report. Hosted on Acast. See acast.com/privacy for more information.2023-02-1609 min
Moneylife News BitesILFS-Tiruppur Saga: Will LIC’s Demand Get Timely Political Support?Listen to this week's episode, Sucheta Dalal returns to the IL&FS mess with an update on one the Tiruppur saga. Watch the video to learn more. Hosted on Acast. See acast.com/privacy for more information.2023-02-1520 min
Moneylife News BitesWhat about National Pride When SEBI Is Repeatedly Embarrassed by Overturned Orders in Major Scams?It has been a bad fortnight for the market regulator, SEBI, as it’s tardy investigations, poor supervision and legally weak or poorly justified orders of the decade or more have come up for scrutiny in this short period. Listen to this week's episode Sucheta Dalal examines the issue in depth. Hosted on Acast. See acast.com/privacy for more information.2023-02-0917 min
Moneylife News Bites90% of Traders May Lose in the F&O Casino, but Here Is Why the Casino Will Only Get BiggerListen to this week's episode, Debashis Basu explains why trading in derivatives such as futures and options is like playing in a casino, where 90% of the time the player looses and the house wins. Hosted on Acast. See acast.com/privacy for more information.2023-02-0210 min
Moneylife News BitesPublic Feedback on Investor Grievances: Are Investors Finally Being Heard?Recently, the Securities and Exchange Board of India (SEBI) has sought feedback on complaint handling by market intermediaries (MIs) and market infrastructure institutions (MIIs). The Investor Education and Protection Fund Authority (IEPFA), which impounds unclaimed funds, has also sought feedback on plans to ease its much-criticised claims process. Listen to this week's episode Sucheta Dalal examines whether this means investor grievances will be heard or if it’s just another pointless exercise Hosted on Acast. See acast.com/privacy for more information.2023-01-2524 min
Moneylife News BitesNCLAT Order: Exposes Dubious Collusion To Hijack Hirakud Industrial Works and Defraud WorkersThe shameful collusion between creditors and resolution professionals (RPs) to legally hijack valuable corporate assets via the bankruptcy law reaches new lows every day. The most recent case pertains to Hirakud Industrial Works Ltd (Hirakud) which has been thwarted due to the efforts of Hindalco Industries Ltd (Hindalco) and the Hirakud Workers Union after the resolution had been cleared in December 2021. Listen to this week's episode Sucheta Dalal investigates. Hosted on Acast. See acast.com/privacy for more information.2023-01-1918 min
Moneylife News BitesLessons from the Biggest Multi-baggersListen to this week's episode, Debashis Basu takes an example out of Moneylife’s Wealth Creator series to see what lessons can be learned from the biggest multi-baggers of the past decade. Hosted on Acast. See acast.com/privacy for more information.2023-01-1811 min
Moneylife News BitesThe Strange Story of ICICI Bank’s Murky Bailout of Lanco’s Bankrupt Australian Coal MineThis week, Sucheta Dalal takes a look at the strange story of ICICI bank’s bailout of Lanco and an Australian coal mine that they had purchased. Hosted on Acast. See acast.com/privacy for more information.2023-01-1216 min
Moneylife News BitesCorporate Bad Loans: Dubious Assessment, Rampant Diversion of Funds and Meaningless GuaranteesIndian banks, especially public sector banks have poor processes for monitoring the use of funds and the guarantee process is downright dubious. Listen to this week's episode as Sucheta Dalal takes a look corporate bad loans. Hosted on Acast. See acast.com/privacy for more information.2023-01-0621 min
Moneylife News BitesMarket Forecasts: We Go Wrong in Predicting Even the Impact of Events, Not Just the EventsPeople will always make an attempt to predict the impact of events on the stock market, however such predictions are meaningless. Listen to this week's episode as Debashis Basu explains why predictions are almost always wrong. Hosted on Acast. See acast.com/privacy for more information.2023-01-0508 min
Moneylife News BitesKochchar and Dhoot Arrests: Setting the Stage for BJP’s 2024 Election Campaign?On 23rd December, when ICICI Bank’s former chief executive officer (CEO) Chanda Kochhar and her husband Deepak were busy sending out invitations to their son’s nuptials, the central bureau of investigation (CBI) decided to arrest the couple on an issue that has been in the public domain since whistle-blower Arvind Gupta’s blog post in 2016. Listen to this week's episode as Sucheta Dalal tries to take a look at the possible reasons behind these sudden arrests. Hosted on Acast. See acast.com/privacy for more information.2022-12-2818 min
Moneylife News BitesKPMG India in a Million Dollar Settlement with a US Regulator and Not Even a Ripple in IndiaKPMG India settled a proceeding before the US Public Company Accounting Oversight Board (PCAOB) on 6 December 2022; but there is barely any coverage by the Indian media. Listen to this week's episode as Sucheta Dalal, takes a deeper look. Hosted on Acast. See acast.com/privacy for more information.2022-12-2216 min
Moneylife News BitesBad Loans of Public Sector Banks & IBC: Going As expectedLast week the finance minister Ms Nirmala Sitharaman told the Rajya Sabha that Scheduled commercial banks have written off 10 lakh crore of bad loans in five years and that only 13 percent of the write off have been recovered. Separately, cumulative recovery of bad loans through the Insolvency and Bankruptcy Code until September (since the IBC came into existence in 2016) has been just 30.8% . Listen to this week's episode as Debashis Basu talks about bad loans of public sector banks and IBC. Hosted on Acast. See acast.com/privacy for more information.2022-12-2107 min
Moneylife News BitesWhy Indians Remain Unaware of Successful Public Liability Claim PaymentsOver a year ago, Moneylife Foundation, began to explore public liability insurance (PLI) and why it is not available for those who are injured in public places such as banks, restaurants, cinema houses, theatres, malls, hospitals, hotels, airports, or while accessing bridges and ropeways. Listen to this week's episode as Sucheta Dalal explores why Indians continue to remain unaware of public liability insurance. Hosted on Acast. See acast.com/privacy for more information.2022-12-1415 min
Moneylife News BitesBankruptcy Law Changes: Without Extensive Public ConsultationOne of the best bits of news earlier this month was that the government seems serious about overhauling the bankruptcy Act in Budget 2023. Just six years after it began on a high note, the Insolvency and Bankruptcy Code (IBC) needs serious fixing and not a mere patchwork. Listen to this week's episode this week's video as Sucheta Dalal takes a deeper look. Hosted on Acast. See acast.com/privacy for more information.2022-12-0821 min
Moneylife News BitesHas SEBI Lost the Battle against Finfluencers and Illegal Advisors?SEBI is now planning separate rules for financial influencers or Fininfluencers, who give unsolicited financial advice on social media to ordinary investors on stocks, personal finance, mutual funds etc. Will SEBI’s plan work? Listen to this week’s episode as Debashis Basu explains why SEBI has already lost the battle against Finfluencers and Illegal Advisors. Hosted on Acast. See acast.com/privacy for more information.2022-12-0610 min
Moneylife News BitesBig Bank Defaulter Jatin Mehta of Winsome Diamonds: Let Off in India, May Be Nailed by UK CourtsWinsome Diamonds was a massive corporate default that burst on the business world sometime in 2013—in the same manner as Gitanjali Gems and Niraav Modi. The three are similar because their companies were huge advertisers and this got them loads of high-profile publicity, until they suddenly vanished, leaving massive defaults on the books of Indian and foreign banks. Listen to this week's episode as Sucheta Dalal discusses the case of Jatin Mehta and Winsome diamonds. Hosted on Acast. See acast.com/privacy for more information.2022-12-0117 min
Moneylife News BitesThe FTX Fraud & First Principles of Investing and RegulationThis week, Debashis Basu takes the time to talk about the FTX fraud and how first principles of investing and regulation were overlooked during it's operation. Hosted on Acast. See acast.com/privacy for more information.2022-11-2410 min
Moneylife News BitesEven Creditors Do Not Hesitate To Game the Bankruptcy Law: Mercator Petroleum Could Be a Case StudyProfessionals dealing with the resolution process under the Insolvency and Bankruptcy Code (IBC) narrate innumerable malpractices, but usually do not want to be named, since they would be replaced and, later, ostracised by banks who invariably act in concert as secured lenders. In this week’s episode, Sucheta Dalal talks about the specific case of Mercator Petroleum Limited. Hosted on Acast. See acast.com/privacy for more information.2022-11-1218 min
Moneylife News BitesThe Stealth Bull MarketUnbelievable as it may seem, the Nifty has hit a new lifetime high on monthly closing basis and appears ready to head higher. This sort of thing usually happens in a bull market. You may or may not find the media talking about new or a continuing bull market but stock prices – the ultimate arbiter – seem decisive in their verdict, so far. We could perhaps call it a stealth bull market. Listen to this week’s episode, as Debashis Basu explains. Hosted on Acast. See acast.com/privacy for more information.2022-11-0907 min