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Financial Technologies to be Merged With NSEL; End of the FT Saga

The government now merges The National Spot Exchange Limited (NSEL) with its parent, Financial Technologies (FT). NSEL has been involved in a mega scam (see ...

From 2015, You’ll Pay Market Prices For LPG Cylinders, and Get Subsidy Into Your Bank Account (No-Aadhaar-Version)

The government will continue the direct subsidy transfer for LPG, but this time it won’t need an Aadhaar card. From 54 districts in mid-November 2014, ...

Capital Mind Has a New Look!

Welcome to the new Capital Mind Design! We’ve upgraded to a fully responsive template – so our site looks great on the web, the mobile and on ...
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It's a Topsy Turvy (Financial) World.

Chris Rock said this: You know the world is going crazy when the best rapper is a white guy, the best golfer is a black guy, the tallest guy in the NBA is ...

BitCoin Falls to $330, 70% from Peak

Ooh, this is rough. Bitcoin, in terms of USD, has fallen close to a 1 year low. (HT Stefan Cheplick’s post) One "reason" for this fall seems to ...

RBI's Not-So-Earth-Shattering Policy Leaves No Room For Drama

RBI in it’s September 30 policy, has done absolutely nothing. This is very bad news for the media, including me, who now have found themselves with one ...

The Diageo-USL Saga: What Lies Beneath the Surface

Diageo, the world’s largest producer of spirits, currently owns about 54.78% of United Spirits Ltd (USL). The Diageo-USL saga commenced all the way back in ...

Reads: Twisting Ireland's Arm, Alarming Startup Cash Burns, Axing IIPM….

Monday reads: IIPM can’t call itself a management institute, says Delhi High Court. The organization – it’s hardly an institute – has ...

How Much Is Enough To Say "FY"?

Everyone who’s rich tells you they didn’t really care about the money when they started. To a large extent, and to most of us that struggle with ...

RBI May Allow Small Value Transactions Without Two Factor; Merchants To Take Abuse Risk

I’m going soft on the RBI. I really, really, really like Rajan’s presentation – I mean just the slides, since I wasn’t actually there ...