Congress’ revenge?
What goes around, comes around, more so in politics. Remember how AAP played spoiler for Congress in Haryana, splitting votes and handing BJP a win? Now Congress has returned the favour to AAP in Delhi. Congress didn’t need to win — it had just one goal: making sure AAP lost.
Mission accomplished, say some electoral pundits. By refusing an alliance, Congress quietly siphoned off just enough votes to turn AAP’s stronghold into BJP’s victory lap. Kejriwal’s rise came at Congress’s expense, but this time, it was his empire that crumbled.
A united opposition could have stopped BJP, but old grudges were just too delicious to let go, rue Congress sympathisers. 2029 isn’t far away — will Congress and AAP finally learn to work together, or will they keep gifting BJP easy wins? Only time will tell!
Boost to markets?
The BJP’s big win in Delhi isn’t just a political headline. Investors love stability, and a strong mandate means more certainty for the economy. Remember how the markets cheered after BJP’s victories in Haryana and Maharashtra?
Expect a similar upbeat mood now. If history is any guide, this could just be the boost the markets need after equity benchmarks took a 13 per cent slump post September 2024 all time highs for the benchmarks!
Giant slayer, Parvesh
In a political shocker, BJP’s Parvesh Sahib Singh Verma unseated Arvind Kejriwal in the New Delhi constituency, signalling a major shift in Delhi’s political landscape. As the son of former CM Sahib Singh Verma, his victory has fuelled speculation about his potential rise to the CM’s chair. With a strong track record as an MP and a fierce critic of AAP’s governance, Verma’s now a frontrunner for CM’s post. The political tide seems to be in his favour.
GDP hype
The global economy is doing so great, that it is actually 10x of what you actually thought it was. That is if you had happened to deep dive into the red herring prospectus (RHP) of Hexaware Technologies, whose IPO is hitting the street this week.
Page 284 of the RHP points out how the nominal global GDP reached $1,047.9 trillion in CY23, with a chart on how it has grown from $852 trillion in 2020! That should make you wonder whether India’s GDP at around $4 trillion is just 0.4 per cent of global GDP!
Well of course not, since the fact is that nominal global GDP is at around $105 trillion or 10 per cent of what the Hexaware RHP states. This raises a question, how did the RHP of a ₹8,750 crore IPO, which is quite large in the Indian context, pass through multiple layers of scrutiny by the company, investment bankers and the regulator, with such glaring errors, till it was spotted by one of our scribes?It’s time for investors to get more demanding before subscribing to IPOs!
Telangana’s AI pitch
After political parties, now States are using social media for branding.
: D. Sridhar Babu, Minister for Information Technology, Electronics & Communications, Industries & Commerce and Legislative Affairs in Telangana tweeted
“Hey Sam Altman (@sama)… glad to see you realizing the potential of Indian AI and its true power to lead the world’s AI revolution! There is a lot more happening here than that meets the eye, and the real AI action is unfolding in Hyderabad, India!…
We’d love to have you visit Hyderabad and witness firsthand how we’re changing the AI landscape…!” Well…
