we have written best of the week For nearly a year and a half, we rarely thought about cricket. In my experience, the average Indian man really likes this sport.
He has his own opinions on everything, especially men's cricket, but should Kohli be re-appointed as captain? Why didn't Tendulkar resign sooner? Will RCB bring some joy to life?
I also grew up playing cricket as a child. First, in the bylane of my building. Then at school. Before I knew it, I was playing district level cricket. Of course, I wasn't good at it, but the facts shouldn't get in the way of the story. Even though I was on the bench the whole time, I enjoyed every aspect of the game. I think most men probably share this sentiment.
That's why men randomly start bowling while walking to the station. That's why they curse their fallen prey, muttering, “It's so easy to fall.” That's why we monitor.
But after losing to Australia in last year's World Cup final, something fundamentally changed within me. I haven't felt that joy from cricket since then. So, this year's IPL looks quite disappointing.
Of course, several other factors also come into play. The Indians of Mumbai are of the lower class. The gap between bat and ball is too wide, but enough has been written about it. It's not that exciting anymore. Maybe I'll try to adjust for the finals. Probably not.
Mumbai and Bengaluru may be doing poorly, but our newsroom is far from it.here are some mint Best stories from the past week:
โ๏ธ Many companies suffer from a lack of stability at the top. That's not the case with Tata Group's Titan, which sells everything from watches to jewellery. He is one of only three CEOs in Titan's illustrious 40-year history. The incumbent CK Venkataraman has just been given a 14-month term until December 2025. Ultimately, Tata is considering three candidates to replace him, all from within the company. mint Corporate writer Varun Sood reveals the thought process behind the conglomerate's decisions, including the possibility that Titan will be handed the reins to a woman for the first time.
๐ฐ Market veteran Sameer Arora expects the Bharatiya Janata Party to return to power. The founder and fund manager of Helios Capital spoke to market correspondent Dipti Sharma about the election outlook and market reaction. Arora said he expects the market to fall more broadly in case there is any surprise in the election. Additionally, new taxes on stocks would also dampen sentiment, he said.
๐ Just a day after this interview was published, the market echoed Arora's sentiments. The stock market crashed on Thursday due to election uncertainty. Dipti and Ram Sagar wrote about this meltdown caused by the market's sudden bearish outlook. They write that the fix may not be finished yet. Looking at the futures contracts, we see that more people are expecting the Sensex and Nifty to continue falling till the end of the month.
๐งธ To protect themselves from such events, investors are hedging their bets. Ram reports that it has 1.48 million put options outstanding. Buyers of put options typically expect the market to fall, as opposed to call options, which expect the market to rise. Many investors expect Indian stocks to continue falling as the election results approach.
๐ค It is very unusual for a parent company and its regional division to be at odds. But that is what is happening at petrol giant Linde and its Indian subsidiary Linde India. Linde had announced a huge contract to supply gas in India to power semiconductor projects. Investors were delighted with the news, and Linde India's stock price rose about 50% in just two months on hopes of a windfall. However, as corporate correspondent Nehal Chariawala points out, it is not yet clear which Linde company will benefit from the deal. Under normal circumstances, Linde India would honor and benefit from this agreement. However, Linde did not say which company would do that. There's a strange power struggle going on, and investors are likely to end up hurting.
๐ Who doesn't love Arrow Bhujia? As it turns out, the private equity giant likes this service so much that he is willing to pay a lot of money for it, $4-5 billion to be exact. Startup reporters Sneha Shah and Ranjani Raghavan report that Blackstone, Temasek and Bain Capital are currently conducting due diligence on sweet and savory maker Haldiram Snacks. They value Haldiram at about $8 billion to $10 billion and hope to acquire at least a 51% stake. Namkeen seller.
๐ซ The energy drinks market was not that noteworthy in India until Pepsi introduced Sting. But the small ones INRThe 20 bottles of bright red liquid have carved out a huge niche for themselves. Available at a much lower price than rivals Red Bull and Monster, Sting has become the energy drink of choice for many Indians looking for a quick boost of energy. While Coca-Cola reigned supreme in other areas, Sting gave Pepsi a fighting chance in countries such as India, Pakistan, and Vietnam. Feature writer Sumant Banerjee takes a deep dive into Sting, its market and its competitors who are lagging behind.
๐ A few weeks ago, we reported that the central government had paved the way for Tesla to launch electric cars in India. Shortly after, entrepreneur and megalomaniac Elon Musk said he was looking forward to meeting Prime Minister Narendra Modi. But at the last minute, Musk canceled the trip and visited China instead. At first glance, this seems like a slight, but China remains a much more important market for Tesla. Our partners at HowIndiaLives.com write and explain why the China visit is more important for Mr. Musk and Mr. Tesla in the current scenario.
๐ณ๏ธ Strong regional parties almost always do well in their home states during general elections. But in West Bengal, the Bharatiya Janata Party has given enough cause for concern to the ruling Trinamool Congress faction. Trinamool is now playing a religious game, reports Romita Dutta. TMC candidates emphasize that they are perceived as “Ram Bhakts”, she writes. Datta said that even in the absence of such an explicit call, a lot of mild Hindutva is promoted in certain speeches by TMC candidates, she said. This is a radical change from just being simple. Read this article to understand the intricacies of the militancy in West Bengal, a few months ago when TMC chief Mamata Banerjee was branding the inauguration of the Ram temple in Ayodhya as a political stunt.
๐ Millions of Indians will have an ink mark to show they voted. Contrary to what social media would like you to believe, this ink is not meant to make you feel smug about voting, but to prevent fraud at the booth. There is only one place in the world that manufactures this special ink: Mysore Paints and Varnishes. Founded by the King of Mysore, Mysore Paints is currently owned by the Karnataka government and is listed. This is a good, healthy stock, consistently profitable, and consistently issuing dividends. But without election ink, that business suddenly looks bleak. Tomorrow, if the Election Commission removes the requirement for voters to get their fingers dirty, it will be difficult for Mysore Paints to survive. Feature author N. Madhavan writes about the company and its rich history, and raises questions about its future.
That's it for this week. I hope everyone has a great weekend!
If you have any comments, ideas or feedback, please feel free to email me (shashwat.mohanty@htdigital.in) or reply to this email. We are a constantly evolving news product and any feedback is welcome.
The best,
Shashwat Mohanty
assistant editor
Subscriber Experience Team
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