OLIGOPOLY
!['Cronyism' is Modi govt's primary economic policy: Congress](https://img.etimg.com/thumb/msid-111581752,width-100,height-75,resizemode-4/news/politics-and-nation/cronyism-is-modi-govts-primary-economic-policy-congress.jpg)
'Cronyism' is Modi govt's primary economic policy: Congress
The Congress party criticised the Modi government for fostering cronyism, citing a media report showing increased market concentration in key industries under PM Modi's watch. Congress general secretary Jairam Ramesh highlighted concerns about oligopolies and monopolies emerging, urging fair competition and preventing undue advantage linked to political power.
![Congress slams govt over mobile phone tariff hike by 3 leading firms](https://img.etimg.com/thumb/msid-111513784,width-100,height-75,resizemode-4/news/politics-and-nation/congress-slams-govt-over-mobile-phone-tariff-hike-by-3-leading-firms.jpg)
Congress slams govt over mobile phone tariff hike by 3 leading firms
The Congress party criticized the Modi government for allowing three major private telecom companies—Reliance Jio, Bharti Airtel, and Vodafone Idea—to increase mobile service tariffs, accusing them of profiteering from 109 crore users. Congress leader Randeep Surjewala condemned the unilateral tariff hikes, highlighting that the companies collectively raised rates by an average of 15% effective July 3 and 4, 2024.
![Banks may relatively underperform compared to rest of the market: Ajay Srivastava](https://img.etimg.com/thumb/msid-111335052,width-100,height-75,resizemode-4/markets/expert-view/banks-may-relatively-underperform-next-year-compared-to-rest-of-the-market-ajay-srivastava.jpg)
Banks may relatively underperform compared to rest of the market: Ajay Srivastava
The deal turnaround cycles are three months to six months. So, fundamentally the banks have a problem that the best customers of them can raise equity any point of time. Most of the India is getting deleveraged.
![2 sectoral bets from Ganeshram Jayaraman for next 2 years](https://img.etimg.com/thumb/msid-110356042,width-100,height-75,resizemode-4/markets/expert-view/2-sectoral-bets-from-ganeshram-jayaraman-for-next-2-years.jpg)
2 sectoral bets from Ganeshram Jayaraman for next 2 years
This has led to a very positive capex cycle, likely to start private sector capex cycle. This very good profit growth also led to strong government capex because tax collections were buoyant. So, it was a very strong demand, supply, earnings and valuations cycle.
![Don’t chase momentum, focus on quality and valuation in IT, private banks, FMCG: Nilesh Shah](https://img.etimg.com/thumb/msid-109970300,width-100,height-75,resizemode-4/markets/expert-view/dont-chase-momentum-focus-on-quality-and-valuation-in-it-private-banks-fmcg-nilesh-shah.jpg)
Don’t chase momentum, focus on quality and valuation in IT, private banks, FMCG: Nilesh Shah
Nilesh Shah of Kotak AMC discusses market performance, FII selling, and opportunities in FMCG, private banks, and IT sectors. He advises focusing on quality and valuation, avoiding momentum stocks, and being cautious about PSU counters with limited floating stock. Shah says: "Going forward, events will determine market, geopolitical risk, and the US Fed's pivot will impact FPI flows."
![Stability AI CEO Emad Mostaque exits startup ‘hollowed out’ by departures, mismanagement](https://img.etimg.com/thumb/msid-108799819,width-100,height-75,resizemode-4/tech/technology/stability-ai-ceo-emad-mostaque-exits-startup-hollowed-out-by-departures-mismanagement.jpg)
Stability AI CEO Emad Mostaque exits startup ‘hollowed out’ by departures, mismanagement
Stability AI CEO Mostaque resigns, leaving a turbulent legacy. The startup grapples with leadership changes, financial strains, and operational hurdles. Uncertain future looms despite efforts to pivot and stabilize amidst fierce competition in the AI landscape.
WTO Ministerial: Why the world should pay heed to India’s caution
Any moves to draw up new agreements in haste on by stealth would discourage countries to even discuss critical issues at the WTO. India’s stance reflects the fundamental need to understand the impact of evolving themes.
Hot Stocks: Brokerage view on Paytm, Maruti Suzuki and Asian Paints
Brokerage firm Jefferies has an underperform rating on Asian Paints, Citigroup retains Maruti Suzuki as its top pick in the auto sector, and Goldman Sachs recommended a neutral rating on Paytm.
America’s elite universities are falling from grace, shaking its status as an educational superpower
Harvard’s troubles are in the spotlight at the moment, but the market failure belongs to the entire system of elite higher education. The last few months have made it plain: The elite degree, and the signal it sends, is neither as accurate nor as valuable as the Ivy League would like you to think.
India will become the most exciting market for global aviation: IATA DG Willie Walsh
India is expected to be the most exciting global aviation market due to investments made by the Indian government on airport infrastructure. IATA, which counts over 300 airlines, predicts that revenues for airlines will grow in 2024 due to continued growth in post-pandemic travel. The airline sector returned to profitability in 2023, with net profit expected at $23.3 billion on a 2.6% margin.
What Google's multibillion payment to Apple says about privacy and power in tech
A valuation of default settings became clear in the current Google antitrust trial. During the trial, Google revealed that it paid $26.3 billion in 2021 to be the default search engine on various platforms, with a substantial portion of the money going to Apple.
Shipping lines see ‘uncertainty’ in EU’s antitrust regime shift
Nine largest shipping lines in the world have grouped up in three alliances and they control over 80% of the global container vessel capacity.
Is Modi govt so feeble it can be toppled by stray statement of a 92-year-old: Chidambaram on Soros
Chidambaram's statement came after the BJP reacted angrily to remarks made by Soros on Prime Minister Narendra Modi at the Munich Security conference, alleging that Soros was targeting the Indian democratic system so that people "hand-picked" by him get to run the government here.
View: India finds a golden opportunity with telecom's latest tech-away
India’s telecom companies, like those across the world, need significant digital transformation to adapt to the rapid disruptive technologies led by the confluence of 5G, network-centric business models, Internet of Things (IoT) and artificial intelligence (AI).
What will happen to the ride-hailing business model? LinkedIn co-founder Chris Yeh answers
TOI spoke to Yeh, who is also an investor now, during his recent visit to India about where the blitzscaling philosophy works and where it doesn’t, the impact of troubled SoftBank Vision Fund, and future of industries like ride hailing.
Smaller accountancy firms want India to implement UK regulator report on big four
The CMA report called for a separate management, CEO and board for the audit practice, besides a separate bonus and compensation structure.
CLSA raises target price on Bharti Airtel
Bharti Airtel's planned Africa unit IPO and Infratel stake sale will help in deleveraging, added CLSA.
Spirit of law blatantly violated by top ecommerce companies, says ShopClues CEO
Even though the clarification on foreign direct investment policy is welcome, our failure to enforce the law of the land allowed these companies to become disproportionately large at the expense of the customer and sellers.
Opec talks end without oil-cuts deal as Russia holds back
“Not everybody is ready to cut equally,” Al-Falih told reporters in Vienna.
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