Where losers are winners

I was at once amused, astonished and aghast at a couple of news items that appeared one below the other in a national daily. PayTM, a much touted desi payment app, hogged the headlines for two diametrically opposite reasons. One proudly proclaimed that PayTM’s parent company would be bidding for a sizeable stake in the private sector Yes Bank. And another announced that the same parent has tripled its losses in three years between FY2016-19, from Rs 1,500 crore to Rs 4,217 crore. Continue Reading

A cash-plus economy

In a shameful first, in 2016 TN Assembly elections, polling in two constituencies was put off due to the ‘pernicious effect of money power’, to quote the EC. Continue Reading

FMCG sales at organised retail stores grew 22% in 2018: Study

Released by insights firm Nielsen India, the report titled “Reformatting Retail in India”, said, demonetisation and GST helped the country’s organised grocery stores register 22 per cent growth in sales, with cheese, biscuits, hair conditioners and packaged rice witnessing more…. Continue Reading