I have been reasonably confident that life will come back to near normal pretty quickly, says ED & CIO of HDFC AMC. Why don’t you share the big picture with us first and then I will get into the specifics.These are clearly unprecedented times. But yes, there is now some more clarity in views. The current year will be an outlier year and it will be an extremely difficult year for the economy because for two months almost half the economy did not function and that will lead to a significant economic impact; analysts now estimate between 5% to 10% GDP contraction in the current year and very broadly, those numbers appear to be realistic. It will have a significant fiscal impact as well because there will be severe loss of revenues. Corporate profitability will also be hit sharply, especially in sectors where the fixed costs component and discretionary element of sales is high. The good news is that the external side of India looks to be very strong and India is very uniquely … [Read more...] about India may see a trade surplus after 10-12 years; to keep currency stable: Prashant Jain
Why doesnt abercrombie sell bigger sizes
"There is no thought in the financial package as to how it will revive the economy. The solution would have been to waive off six months of interest on loans. This would have excited businessmen and demand would have been generated," Sushil Kumar Jain, the CAIT's Delhi-NCR unit convenor, tells Syed Firdaus Ashraf/Rediff.com. … [Read more...] about ‘We are facing a loss of Rs 15,000 crore per day’
"The weekend trip to the shops which we had for decades and decades, that is going to change because people will physically be less comfortable shopping in crowds, less comfortable using public transport for the foreseeable future, so I think we can see fewer trips." … [Read more...] about Changes expected when England’s retail stores open next month
Last week Hike Messenger , the messaging app, became the latest startup to join the so-called ‘unicorn’ pack in India—companies valued at at least $1 billion. Hike has been the fastest of the pack to reach the milestone, in just about three and half years after launch. It took e-commerce major Flipkart five years, rival Snapdeal seven years and analytics firm Mu Sigma nine years to become unicorns. Hike is also the lone company in the unicorn pack that is free. It is yet to make money. Hike will only “start to try making money by 2018, perhaps 2020”, says 28-year old founder Kavin Bharti Mittal. Yet, thanks to the $175 million collected from a clutch of overseas investors (see Plenty of Funds), the app is valued at $1.4 billion. Mittal believes the $175 million raised by Hike “is like Flipkart raising $1 billion. That’s the value we see and we are the only local rich messaging app with scale in the country.” Says Vishal Tripathi, … [Read more...] about Is Hike Messenger worth the hype and $1.4 billion?
By Sreeraman Thiagarajan A couple of decades ago, buying and selling shares meant you needed two things - financial acumen in capital markets and importantly, a healthy vocal cord to participate in ‘open outcry’ at the pit inside a stock exchange. Now there’s an app for it. But how we came here is an interesting lesson in innovation and platform play. Platform play is a de-facto vision and road map for most product companies today. It stems from the proven model of controlling information between demand and supply and finding multiple arbitrage in between. Ecommerce websites, job portals, stock exchanges, app stores, music streaming apps, commodity trade portals, are great examples of platform play. But rarely have we seen incumbents build a platform or marketplace, and if they do so, they accrue the wrath of supply side players and status quo loving old timers, who don’t mind losing an eye, as long as their opponent loses both. The past few weeks as been … [Read more...] about A lesson coated with turmeric: What the 140-year old BSE can teach us about innovation