RBI imposed restrictions on Paytm Payments Bank. IndiGo faced a major operational meltdown. Discrepancies in IndusInd Bank’s foreign-exchange derivatives book led to a dramatic market reaction.
Fund manager Rhett Kessler is using lessons from a FBI course to interrogate CEOs, catch them in lies and exaggerations to decide on holding their company shares.
Advice comes at a time when India accounts for a 5th of global generic drug supply & 40% of generics used in US. However, this strength in finished formulations relies on imported ingredients.
It’s easy to understand why the government can’t speak the hard truth. When this war ends, as all wars do, India’s interests will lie with both the winner and the loser.
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