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Finshots Daily

Finshots Daily

By Finshots
A daily 5-min podcast explaining the most important finance and business happenings in plain English. India focused.
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Coal Auctions with a pinch of reform

Finshots Daily

Why is Tata Elxsi one of the most expensive IT stocks in India?
Last week, Tata Elxsi published its results for the third quarter and announced that their net profit jumped 40% when compared to the same period last year. And while this isn’t exactly spectacular news in its own right, it does look pretty impressive considering the stock has been on a remarkable run for the past few years. So we thought we could look at the company and see what’s brewing at Tata Elxsi.
January 23, 2021
What is the Taper Tantrum episode?
In an interview with BloombergQuint, Raghuram Rajan, while discussing the global outlook of the economy and the effects of the pandemic on emerging markets, suggested another Taper Tantrum episode might be on its way. But since taper tantrum isn't a word you come across so often, we thought maybe we could simplify it. So in today's episode, we discuss this and more.
January 22, 2021
Trouble at Sea
A series of unfortunate events have pushed Indian seafood exporters to the brink. First, there was the Covid induced disruption. And now reports suggest that Indian fishing exports have suffered collateral damage in the ongoing tussle between India and China. So in today's episode, we look at what went wrong and how bad the situation actually is.
January 21, 2021
A pre-pack for bankruptcies
In today's episode, we talk about the government 's plan to expedite bankruptcy proceedings.
January 20, 2021
The Online Loan Apps Nightmare
In today's Episode, we review all the latest developments surrounding the purge of unlicensed online lending platforms.
January 19, 2021
Spoofing inside Deutsche Bank
Recently Deutsche Bank was implicated in another scandal and they were made to pay $130 million for their misdeeds. And while this isn’t news per se, a federal court charged them for engaging in something called spoofing. So in a bid to uncomplicate matters and explain this technical trading term, we thought we could look at the mechanics of spoofing and understand why it’s categorized as an illegal activity.
January 18, 2021
The Indian Railways Finance Corporation is gearing up for an IPO and while we don't usually do Sunday episodes on the markets, many people had requested us to cover the issue. So in this week’s Finshots Markets, we look at the company and see what they are up to.
January 17, 2021
Finshots Special | When €2 Billion went missing at Wirecard
In today's Finshots Special, we talk about the biggest stock market scandal of 2020. Period!!!
January 16, 2021
Enough is Enough
In today's Finshots, we talk about news anchors and their penchant for stock recommendations.
January 15, 2021
HBO Max draws first blood
In today's Finshots, we talk about streaming services, theatrical windows and the changing face of the movie business.
January 14, 2021
The Incentive Problem with MDR
Banks want MDR (merchant discount rate) reinstated for RuPay and UPI transactions. The only problem — Most people still don’t fully understand the issue. So in today’s Finshots, we discuss MDR, its abolition and more.
January 13, 2021
A Nykaa IPO?
According to reports Nykaa is apparently gearing up for a $3 Billion IPO pretty soon. So we thought we could look at the online cosmetics giant and see what makes them so special.
January 12, 2021
Facebook and Twitter—The Active Gatekeepers
On January 8th, Twitter permanently suspended President Donald Trump’s account from the platform after a mob of protesters ransacked the legislator’s offices in the Capitol. Facebook, Snapchat and Instagram also booted the president off their apps and many other companies followed suit soon after. And while this move was unprecedented for the most part, it wasn’t exactly unexpected. So in today's Finshots, we look at how the reluctant gatekeepers became the active moderators of 2021.
January 11, 2021
Finshots Special | Luckin Coffee and the Anatomy of a Fraud
In today's episode we bring you a recap of a past story based on the fraud that shook parts of US markets amidst the Coronavirus turmoil. Fair warning- This will probably take more time to listen to, but we promise you, it will be worth your time.
January 10, 2021
Finshots Markets | Titan's Gold Rush
In this week’s episode of Finshots Markets, we talk about Titan and it's ever-growing jewelry business.
January 9, 2021
Are we running out of iron ore? Or are we not?
In today's Finshots we look at the big dispute surrounding iron ore.
January 8, 2021
The Great GST Crusade
In today's Finshots, we talk about record GST collections and the input tax credit scam.
January 7, 2021
The Stamp Duty story
A few days ago, Maharashtra reported that it had seen a spurt in revenue collection after having reduced stamp duty on sale deeds. So we thought we could take a closer look at this story and perhaps explain how stamp duty has been evolving over the years.
January 6, 2021
Why is Bitcoin rallying?
Bitcoin has been on a rally like no other. So we thought we could look at the crypto asset once again and see what's really happening this time around. But like every other story, we need an introduction before we start moving along. So here goes...
January 5, 2021
Why did SEBI fine Mukesh Ambani?
On January 1st SEBI ordered billionaire Mukesh Ambani and his conglomerate Reliance Industries Ltd. to pay a combined penalty of Rs 40 crores for alleged manipulative and fraudulent trading in the month of November 2007. And if you’re wondering why the regulator imposed such a harsh penalty, here’s our simplified take on what happened during the fateful month.
January 4, 2021
PI Industries and the boom in the Agrochemical Sector
In this week’s Finshots Markets, we talk about the agrochemical industry and the growth story of one of the leaders in the pack — PI Industries.
January 2, 2021
Merry Christmas from Finshots
Here's a short message from us wishing you a happy Christmas and thanking you for your support. Enjoy your holidays folks :)
December 25, 2020
The Rise of Litigation Financing
In today's Finshots, we talk about funding lawsuits :)
December 24, 2020
The biggest scam of 2020
This week the CBI booked a Hyderabad based company, Transstroy India and its directors for an alleged bank fraud totalling ₹7,926 crore. For context, the Nirav Modi scam involved ₹7,700 crores. So yeah, we need to talk about this story because this is likely going to turn into another bad loan. Sigh!
December 23, 2020
Robinhood's Millennial problems
In today's Finshots, we talk about the millennial trading app Robinhood and why it's courting so much controversy.
December 22, 2020
A recap of what really happened at Wistron
In today's Finshots we talk about the vandalism incident at Wistron's manufacturing unit in Kolar.
December 21, 2020
Deepak Nitrite and the chemical industry saga
In today’s Finshots Markets we look at the growth of the chemical industry in India, but more specifically one stellar performer within the pack — Deepak Nitrite.
December 19, 2020
Is India a currency manipulator?
In today's Finshots, we try and figure out why the US treasury department put India on the currency manipulator watchlist.
December 18, 2020
How Hungry is the Dragon?
In today's Finshots we look at why China is importing rice from India for the first time in decades.
December 17, 2020
How a cartel might have forced you to overpay for beer?
In today’s Finshots we talk about the Reuters report detailing a CCI investigation on the beer cartel. Don’t worry. It will all make sense soon enough.
December 16, 2020
The Movie Theatre Conundrum
In today’s Finshots, we look at the film exhibition business and see why movie theatres in North India are showing dubbed Telugu flicks.
December 15, 2020
The Californian Water Futures
In today’s Finshots, we talk about the most recent tradeable financial instrument — “water futures.”
December 14, 2020
The Great Steel Rebound
Steelmakers have been making an impressive comeback of late. A meteoric rise in production, robust recovery in demand and record high selling prices have all pushed the incumbents in the industry on a profitable path. And through it all, the stock price of major steel producers have been on a rally like no other. So we thought we could look at the industry, understand the dynamics propelling it and see how this recovery is currently manifesting in an ever-changing world.
December 12, 2020
Will they finally break up Facebook?
On Tuesday, the federal government, including 46 states in the US sued Facebook for engaging in monopolistic or anti-competitive practices. And while many people have sued the company in the past, the sheer scale and influence of this lawsuit deserves special merit. So we thought we could look at the case more closely and explain why Facebook is being accused of exploiting its dominance in the social media space.
December 11, 2020
Is your honey adulterated?
On December 2nd, Down To Earth released an extensive investigative report on the menace of adulterated honey and we need to talk about it.
December 10, 2020
Should Google pay news publishers?
Australia is all set to introduce a law that would force companies like Google and Facebook to pay media companies for their news content. As chairman of the Australian Competition and Consumer Commission noted — “There is a fundamental bargaining power imbalance between news media businesses and the major digital platforms, partly because news businesses have no option but to deal with the platforms, and have had little ability to negotiate over payment for their content or other issues. We wanted a model that would address this bargaining power imbalance and result in fair payment for content, which avoided unproductive and drawn-out negotiations, and wouldn’t reduce the availability of Australian news on Google and Facebook.” And while there is considerable euphoria surrounding this bill, there is also good reason to exercise caution. So we thought we could look at this more closely and see how it might impact the media ecosystem in Australia. Possibly even the world?
December 9, 2020
How not to solve the hunger problem?
On Monday, news agencies started reporting that President Nicolas Maduro had seized total control of Venezuela’s political institutions with a sweeping victory in legislative elections. And while there was considerable euphoria within the Venezuelan ruling class, ground reports from the country are truly disheartening, to say the least. 96% of the country’s population currently lives in poverty and about one-third of these people lack enough nutritious food for normal human growth and development. According to one survey, 60% of Venezuelans shed at least 11 kilograms in weight over the recent past due to malnutrition. And with the pandemic and the lockdown in place, the food crisis has reached truly incredible proportions. Whatever little food that Venezuelans still produce is currently rotting because farmers don’t have the means to carry their produce to the markets due to an unprecedented shortage of overpriced fuel. Imagine this happening in a country that boasts the largest oil reserves in the world. It is simply crazy. So we thought maybe we could look at how Venezuela got here and see why the government's policies to control prices have failed so miserably.
December 8, 2020
The Rise and Rise of Stories
Spotify has reportedly confirmed that they are testing a Stories feature within the app. And while reactions to the announcement were mixed, we thought we could look at the feature more closely and see why so many companies are adopting “Stories”.
December 7, 2020
Looking back at Shree Cement
This week Shree Cement’s stock price breached its yearly high. And while that isn’t surprising in itself, the rally came against the backdrop of stellar results for the months of July, August and September, when most businesses were still struggling to cope with the pandemic. So we thought we could look at Shree Cement and its performance, particularly considering it’s part of the Nifty 50 now.
December 5, 2020
The Pepper Loophole
In today's Finshots, we talk about pepper imports and RBI's latest diktat for HDFC Bank.
December 4, 2020
The Scourge of Trademark Squatting
What happens when a multinational corporation is forced* to delay a product launch because someone else owns the right to use the name? Well, ask Sony. *While there were rumours circulating that Sony was forced to delay the launch of their much-anticipated console in India because of the trademark issue, it’s still not quite clear if this was the principal reason for the apparent delay. After all, despite the gentleman withdrawing the application. Sony is yet to announce a launch date for the PS5 in India. So who knows?
December 3, 2020
The Burger King IPO
We’ve been bombarded with questions about the Burger King IPO. So we thought we could answer all your queries with this one story.
December 2, 2020
The Economic Cost of Data Breaches
In today's Finshots, we talk about data breaches and how they affect people and businesses alike.
December 1, 2020
The $1 Billion Adani-SBI loan
During the 1st ODI between India and Australia, two protestors barged into the Sydney Cricket Ground holding a sign that said "No $1B Adani Loan." And yeah, we need to talk about it.
November 30, 2020
Motherson Sumi and the growth challenge
Last week, Motherson Sumi unveiled its detailed 5-year plan where it set an ambitious target of reaching sales figures totalling ₹2.6 lakh Cr by 2025. That means they’ll have to quadruple sales over the next five years. And while such lofty proclamations are usually met with derision, investors and analysts have been quite optimistic about the company’s prospects. In fact, its stock price made a yearly high right after the announcement. So we have to look at this more closely and ask — Do these claims warrant serious consideration or are they mostly fluff? Well, in today’s Finshots Markets, we will discuss this and more.
November 28, 2020
Tax Havens and why they exist?
In today's Finshots, we talk about offshore financial centres, why they're such a menace and who's responsible for all of this.
November 27, 2020
How Air Cargo saved the day?
In today's Finshots, we talk about what's happening with air freighters.
November 26, 2020
Why the Right to Repair movement is taking over the world?
In today's Finshots, we talk about planned obsolescence and the right to repair.
November 25, 2020
Need for Speed?
In today's Finshots, we talk about Nitin Gadkari's comments on increasing the speed limit on certain multi-lane expressways.
November 24, 2020
A New Dawn for Banking?
In today's Finshots, we talk about recommendations from the Internal Working Group on licensing and other matters.
November 23, 2020
How Airbnb survived Covid?
Airbnb is looking to potentially raise $1 billion in an IPO by the end of the year. And while we mostly do stories on the Indian markets, we thought we would switch it up this week and do a story on something more international. So yeah, hopefully, you'll enjoy this one.
November 21, 2020
A Tax for Working from Home?
In today's Finshots, we talk about a brand new idea called "Privilege Tax".
November 20, 2020
Another one bites the dust
In today’s Finshots, we talk about the merger between Lakshmi Vilas Bank and DBS Bank India.
November 19, 2020
What is Milk?
In today’s Finshots, we talk about the problem of semantics and the rise of the plant-based milk industry.
November 18, 2020
The Chinese Dream of Simandou
In today's Finshots, we talk about the Simandou saga or as The Economist called it - a titanic battle between the giants of iron-ore mining for control of the world’s richest deposits.
November 17, 2020
Why Stubble Burning is such a big problem?
Since everybody is talking about air pollution these days, we thought it would be prudent to discuss one of the primary contributors to this problem - Stubble Burning.
November 16, 2020
Winter is coming
In today's Finshots, we talk about the possibility of the government regulating online streaming content
November 13, 2020
Is PUBG making a comeback?
On 2nd September, Indian authorities banned the popular battle royale game PUBG alongside many other apps with links to China. However, just a couple months later, PUBG is planning to stage a comeback. So in today’s Finshots, we will look at how the saga has unfolded so far and why the gaming company is so desperate to make a re-entry.
November 12, 2020
What does a Biden presidency mean for the Indian economy?
In today's Finshots, we talk about the economic implications of a Biden Presidency.
November 11, 2020
Pfizer the Saviour
Yesterday, drugmaker Pfizer announced that early analysis of its coronavirus vaccine trial suggested the vaccine (developed in conjunction with BioNTech) was robustly effective in preventing Covid-19. And while multiple pharma companies have released details about their own vaccines so far, there is a lot of optimism surrounding Pfizer’s announcement. So why are people this excited you ask?
November 10, 2020
Why Google Pay and PhonePe will have to limit operations
In today's episode, we talk about NPCI's latest ruling and how it might affect payment applications like Google Pay.
November 9, 2020
The changing fortunes of Hero MotoCorp
Hero MotoCorp put out its sales figures for the month of October and it surprised almost everyone. The company said it had recorded the highest sales figure ever and experts were visibly surprised with the announcement considering we are in the midst of a pandemic. So we thought we could look at Hero, its current performance and see how the company has fared over the past couple decades.
November 7, 2020
When Shipping Containers Disappear
In today's Finshots, we talk about a unique problem facing India right now
November 6, 2020
The Dramatic Twist in the Ant Financial IPO
In today's Finshots, we talk about Ant Financial and how its plans to go public went awry at the last moment.
November 5, 2020
Coal Auctions with a pinch of reform
In today's Finshots, we talk about the first coal auction since the reforms.
November 4, 2020
The Chinese Castor Seed Connection
In today's Finshots, we talk about China, castor seeds, and conspiracy theories.
November 3, 2020
How do you go Carbon Neutral?
A couple of days back, Infosys announced that the company had reduced its carbon footprint and turned carbon neutral 30 years ahead of the 2050 timeline. So we thought we could look at this story and see how they got here.
November 2, 2020
Is Bharti Airtel turning a corner?
Airtel just reported its latest quarterly results and while the company could not muster a profit, there’s been a lot of optimism surrounding its future prospects. So in this week’s Finshots Markets, we thought we could look at Bharti Airtel and see why analysts think this might be a turning point for the company.
October 31, 2020
Is Micromax slated for a comeback?
In today’s Finshots, we talk about the changing landscape of the smartphone industry in India and Micromax’s place in it.
October 30, 2020
What really happened at Quibi?
Quibi was meant to revolutionize the streaming industry. It had everything going for it. Seasoned tech executives — Check Big-name Investors — Check A $2 billion-dollar war chest— Check And yet 6 months after launch, Quibi is all set to shut down. So what went wrong?
October 29, 2020
Why isn’t Dream11 categorized as a gambling app?
In today's Finshots, we talk about fantasy gaming apps and their legal status in India.
October 28, 2020
The Dark Underbelly of the Stock Market
In today's episode we talk about Indian SME IPO market and the lesser known and darker sides of the SME IPO investing.
October 27, 2020
Are Buybacks really a good thing?
Stock buybacks are all the rage these days. The government is doing it. Tech companies are in on it. And every other day, we hear rumors about a new company planning to repurchase shares. So in this episode, we thought we would look at buybacks and see why companies are so excited about this little program *except for the obvious tax benefits that is*
October 24, 2020
Are property cards a game-changer?
In today's Finshots, we talk about property cards and the government's plan to help rural land owners.
October 23, 2020
AI research in India?
In today’s Finshots, we talk about Artificial Intelligence and the government’s ambitious AIRAWAT project.
October 22, 2020
How to design Nobel Prize Worthy Auctions?
In today's Finshots, we talk about SMRAs and spectrum auctions.
October 21, 2020
The Winners Curse and how to avoid it?
In today's Finshots, we tell you why Robert Wilson and Paul Milgrom were awarded the Nobel Prize in Economics
October 20, 2020
How to advertise sin products?
In today's Finshots, we talk about the government's new guidelines surrounding surrogate advertising.
October 19, 2020
The changing face of HDFC life & the Insurance industry
Life insurance products have been synonymous with LIC since time immemorial. But ever since the government opened up the industry to private players, a lot of companies have been making considerable headway. And perhaps one of the leading players in the recent past has been HDFC Life — a company that’s focused on selling long-term life insurance products. So today we thought we’ll look at how the industry is shaping up and HDFC Life’s place in the ecosystem.
October 17, 2020
To wear a helmet or not
In today's Finshots, we talk about traffic violations and the impact of the recently amended Motor Vehicles Act.
October 16, 2020
Why the rich keep getting richer?
In today’s Finshots, we talk about Thomas Piketty and the inequality conundrum
October 15, 2020
The Basmati Wars — India vs Pakistan
In today's Finshots, we talk about rice, intellectual property and the fight for Basmati.
October 14, 2020
The Great Government Gift
In today's Finshots, we talk about the government's new plan to revive demand.
October 13, 2020
Cheaper Home Loans Incoming?
The Monetary Policy Committee met once again last week and while they didn’t fiddle with interest rates, there were a couple of exciting announcements. One of them was related to home loans and that’s what we'll be discussing today.
October 12, 2020
Are Cinema stocks dead?
Cinema halls are opening up next week. And so we thought maybe it’s time to look at India’s largest movie chain PVR and see what’s happening down there.
October 10, 2020
What does LIC do with its money?
In today’s Finshots, we talk about everybody’s favourite insurance company  that might IPO very soon— LIC.
October 9, 2020
What is Stagflation?
In today's Finshots, we talk about Stagflation.
October 8, 2020
The Sanitizer Conundrum
In today's Finshots, we talk about the problem of plenty.
October 7, 2020
When Tokyo Stock Exchange Failed
In today’s Finshots, we talk about how a failing data storage device brought the Tokyo Stock Exchange to its knees.
October 6, 2020
Laws of Simplicity and Bilateral Netting
In today's Finshots, we talk about Bilateral Netting.
October 5, 2020
Crisis at Lakshmi Vilas Bank
Last week, in an unprecedented move, shareholders of Lakshmi Vilas Bank ousted seven directors from the company all in one go. Insiders stated that the decision was predicated on the fact that Lakshmi Vilas Bank had been underperforming for a while now. But here’s the thing. There’s more to this story than what meets the eye. And so today, we will talk about what really went down at Lakhsmi Vilas Bank.
October 2, 2020
When Sachin wasn’t a cricketer
In today's Finshots, we talk about What happens when things aren't exactly as they seem.
October 1, 2020
Pay up the Google Tax
In today's Finshots, we talk about Google and its new policy that might force developers to shell out a 30% commission on all in-app sales involving digital goods.
September 30, 2020
The Junk Bond Dilemma
Are people selling junk bonds because they might actually be junk? That’s the question we try and answer today.
September 30, 2020
How to run an airport?
In today's Finshots, we talk about airports, Adani and break even equations.
September 29, 2020
Vodafone Tax Saga explained
In today's Finshots, we talk about the latest ruling on the Vodafone Tax matter and explain the whole case in as few words as possible.
September 28, 2020
The Tata Sons - Shapoorji Pallonji feud
A couple of weeks ago, Tata Sons and the construction giant Shapoorji Pallonji Group were on the verge of fighting another bitter courtroom battle that would have further strained their relationship. But then within a matter of days, both parties reached a compromise that would help them walk away from the feud rather amicably. And if you’re wondering what this story is about and why any of this is relevant, today’s Finshots Market is for you.
September 26, 2020
The Hypocrisy Economy
In today's Finshots, we discuss how a pandemic affects women and their role in the unpaid labour market.
September 25, 2020
The Disappearance of the ₹2000 Note
In today’s Finshots, we talk about high denomination currencies and what’s happening to them.
September 24, 2020
HSBC and the Ponzi Scheme Play
Yesterday, HSBC shares plunged to their lowest level since 1995 after an investigative report alleged that the bank facilitated a money-laundering scheme. And obviously we need to talk about it.
September 23, 2020
The Remittance Paradox
In today's Finshots, we talk about migrant workers and the gulf economy
September 23, 2020
Do export bans even work?
In today's Finshots, we talk about the latest export ban on onions.
September 21, 2020
Why RBI isn't able to meet its target?
In today's Finshots, we talk about the problems with inflation targeting.
September 21, 2020
Fake it till you Make it
On September 10th, a forensic financial research company in the US — Hindenburg Research released a report calling into question some of the lofty claims made by the billion-dollar EV upstart — Nikola. So in today’s special edition, we simplify the 15,000-word report and present a cogent narrative on how Nikola became a multi-billion dollar auto company without ever putting a single truck on the road.
September 21, 2020
The $40 Billion Semiconductor deal
On Sunday, NVIDIA announced that it was buying Arm Holdings — the British Microprocessor giant for $40 Billion and we need to talk about it.
September 21, 2020
Can Induction Stoves solve India's biggest problems?
In today’s Finshots, we talk about electricity, oil imports and induction stoves :)
September 21, 2020
How to think about risky lending?
In today's Finshots, we talk about US banks and their latest approach to lending.
September 21, 2020