Furquan Moharkan
@imfmoharkan.bsky.social
Banking Editor, The Morning Context | Author |. ✍️ The Banker Deccan Herald | Ex I-Banker. http://SeeDisclaimer.com. Views, personal.
Pinned
Furquan Moharkan
@imfmoharkan.bsky.social
· Dec 10
What prompted the inexplicable choice for RBI governor?
The Indian government wants someone who toes its line in the RBI chair. The economy needs someone who can rise above being a yes-man.
themorningcontext.com
GDP numbers seem to have changed the fortunes of outgoing RBI governor Shaktikanta Das. Turns out that there are bones of contention between the two and government wants complete compliance. Read in today’s @themorningcontext.bsky.social
themorningcontext.com/business/wha...
themorningcontext.com/business/wha...
Reposted by Furquan Moharkan
#TMCExclusive
BluSmart is trading its brand for a lifeline in a desperate attempt to survive. Capital crunch, management exit, angry customers—and now this. Is this the last resort?
I write for @themorningcontext.bsky.social
themorningcontext.com/internet/blu...
BluSmart is trading its brand for a lifeline in a desperate attempt to survive. Capital crunch, management exit, angry customers—and now this. Is this the last resort?
I write for @themorningcontext.bsky.social
themorningcontext.com/internet/blu...
BluSmart’s desperation could be Uber or anyone else’s gain
In the face of a severe liquidity crunch and CXO exits, the electric ride-hailing company is exploring the option of trading its brand equity for survival.
themorningcontext.com
March 28, 2025 at 4:20 AM
#TMCExclusive
BluSmart is trading its brand for a lifeline in a desperate attempt to survive. Capital crunch, management exit, angry customers—and now this. Is this the last resort?
I write for @themorningcontext.bsky.social
themorningcontext.com/internet/blu...
BluSmart is trading its brand for a lifeline in a desperate attempt to survive. Capital crunch, management exit, angry customers—and now this. Is this the last resort?
I write for @themorningcontext.bsky.social
themorningcontext.com/internet/blu...
Reposted by Furquan Moharkan
#PublishedThisWeek
IndusInd Bank is in a delicate situation. If left unaddressed, its problems could escalate into a full-blown crisis. The promoters of India’s 5th largest private sector bank hold the key to preventing this.
@imfmoharkan.bsky.social writes:
themorningcontext.com/business/ind...
IndusInd Bank is in a delicate situation. If left unaddressed, its problems could escalate into a full-blown crisis. The promoters of India’s 5th largest private sector bank hold the key to preventing this.
@imfmoharkan.bsky.social writes:
themorningcontext.com/business/ind...
March 22, 2025 at 9:38 AM
#PublishedThisWeek
IndusInd Bank is in a delicate situation. If left unaddressed, its problems could escalate into a full-blown crisis. The promoters of India’s 5th largest private sector bank hold the key to preventing this.
@imfmoharkan.bsky.social writes:
themorningcontext.com/business/ind...
IndusInd Bank is in a delicate situation. If left unaddressed, its problems could escalate into a full-blown crisis. The promoters of India’s 5th largest private sector bank hold the key to preventing this.
@imfmoharkan.bsky.social writes:
themorningcontext.com/business/ind...
Reposted by Furquan Moharkan
A gaping hole in its books in the midst of a leadership crisis has seriously impacted IndusInd Bank. India’s fifth largest private lender, just can’t seem to catch a break.
@imfmoharkan.bsky.social explores:
themorningcontext.com/business/ind...
@imfmoharkan.bsky.social explores:
themorningcontext.com/business/ind...
March 18, 2025 at 11:05 AM
A gaping hole in its books in the midst of a leadership crisis has seriously impacted IndusInd Bank. India’s fifth largest private lender, just can’t seem to catch a break.
@imfmoharkan.bsky.social explores:
themorningcontext.com/business/ind...
@imfmoharkan.bsky.social explores:
themorningcontext.com/business/ind...
Reposted by Furquan Moharkan
IndusInd Bank is in a delicate situation. If left unaddressed, its problems could escalate into a full-blown crisis. The promoters of India’s fifth-largest private sector bank hold the key to preventing this. Will they step up?
@imfmoharkan.bsky.social writes:
themorningcontext.com/business/ind...
@imfmoharkan.bsky.social writes:
themorningcontext.com/business/ind...
March 18, 2025 at 4:06 AM
IndusInd Bank is in a delicate situation. If left unaddressed, its problems could escalate into a full-blown crisis. The promoters of India’s fifth-largest private sector bank hold the key to preventing this. Will they step up?
@imfmoharkan.bsky.social writes:
themorningcontext.com/business/ind...
@imfmoharkan.bsky.social writes:
themorningcontext.com/business/ind...
Reposted by Furquan Moharkan
#PublishedThisWeek
RBI grants Sumant Kathpalia a one-year extension just days before his term ends. While this eases leadership uncertainty, it might be his last chance to set things right.
More from @imfmoharkan.bsky.social:
themorningcontext.com/business/ind...
RBI grants Sumant Kathpalia a one-year extension just days before his term ends. While this eases leadership uncertainty, it might be his last chance to set things right.
More from @imfmoharkan.bsky.social:
themorningcontext.com/business/ind...
March 15, 2025 at 9:22 AM
#PublishedThisWeek
RBI grants Sumant Kathpalia a one-year extension just days before his term ends. While this eases leadership uncertainty, it might be his last chance to set things right.
More from @imfmoharkan.bsky.social:
themorningcontext.com/business/ind...
RBI grants Sumant Kathpalia a one-year extension just days before his term ends. While this eases leadership uncertainty, it might be his last chance to set things right.
More from @imfmoharkan.bsky.social:
themorningcontext.com/business/ind...
Reposted by Furquan Moharkan
RBI grants Sumant Kathpalia a one-year extension just days before his term ends. While this eases leadership uncertainty, it might be his last chance to set things right.
More from @imfmoharkan.bsky.social:
themorningcontext.com/business/ind...
More from @imfmoharkan.bsky.social:
themorningcontext.com/business/ind...
March 10, 2025 at 4:31 AM
RBI grants Sumant Kathpalia a one-year extension just days before his term ends. While this eases leadership uncertainty, it might be his last chance to set things right.
More from @imfmoharkan.bsky.social:
themorningcontext.com/business/ind...
More from @imfmoharkan.bsky.social:
themorningcontext.com/business/ind...
Reposted by Furquan Moharkan
RBI limits IndusInd Bank CEO Kathpalia's extension to 1 year, not 3, signaling unease. As India's 5th-largest private bank struggles, what does this mean?
@imfmoharkan.bsky.social analyzes:
themorningcontext.com/business/ind...
@imfmoharkan.bsky.social analyzes:
themorningcontext.com/business/ind...
March 10, 2025 at 12:39 PM
RBI limits IndusInd Bank CEO Kathpalia's extension to 1 year, not 3, signaling unease. As India's 5th-largest private bank struggles, what does this mean?
@imfmoharkan.bsky.social analyzes:
themorningcontext.com/business/ind...
@imfmoharkan.bsky.social analyzes:
themorningcontext.com/business/ind...
Reposted by Furquan Moharkan
Independent directors Vivek Dave&Himanshu Mody resigned on Jan 31,days after shareholders sought their removal over alleged “anti-company activities.”Eraaya, part of the consortium that acquired Ebix Inc., faces growing scrutiny.
@imfmoharkan.bsky.social writes:
themorningcontext.com/business/wha...
@imfmoharkan.bsky.social writes:
themorningcontext.com/business/wha...
February 25, 2025 at 10:31 AM
Independent directors Vivek Dave&Himanshu Mody resigned on Jan 31,days after shareholders sought their removal over alleged “anti-company activities.”Eraaya, part of the consortium that acquired Ebix Inc., faces growing scrutiny.
@imfmoharkan.bsky.social writes:
themorningcontext.com/business/wha...
@imfmoharkan.bsky.social writes:
themorningcontext.com/business/wha...
Reposted by Furquan Moharkan
Eraaya faces its biggest storm yet since acquiring Ebix. A scathing resignation letter from one of two independent directors who recently quit lays bare grave concerns—alleged fraud and the promoter’s tangled legal history.
@imfmoharkan.bsky.social writes:
themorningcontext.com/business/wha...
@imfmoharkan.bsky.social writes:
themorningcontext.com/business/wha...
February 25, 2025 at 4:03 AM
Eraaya faces its biggest storm yet since acquiring Ebix. A scathing resignation letter from one of two independent directors who recently quit lays bare grave concerns—alleged fraud and the promoter’s tangled legal history.
@imfmoharkan.bsky.social writes:
themorningcontext.com/business/wha...
@imfmoharkan.bsky.social writes:
themorningcontext.com/business/wha...
Reposted by Furquan Moharkan
#PublishedThisWeek
10% of Quant MF’s Rs 96,000 crore AUM is stuck in illiquid stocks with high concentration risk. Echoes past missteps by bigger peers. Important lessons for investors.
@imfmoharkan.bsky.social dives in:
themorningcontext.com/business/qua...
10% of Quant MF’s Rs 96,000 crore AUM is stuck in illiquid stocks with high concentration risk. Echoes past missteps by bigger peers. Important lessons for investors.
@imfmoharkan.bsky.social dives in:
themorningcontext.com/business/qua...
February 22, 2025 at 7:31 AM
#PublishedThisWeek
10% of Quant MF’s Rs 96,000 crore AUM is stuck in illiquid stocks with high concentration risk. Echoes past missteps by bigger peers. Important lessons for investors.
@imfmoharkan.bsky.social dives in:
themorningcontext.com/business/qua...
10% of Quant MF’s Rs 96,000 crore AUM is stuck in illiquid stocks with high concentration risk. Echoes past missteps by bigger peers. Important lessons for investors.
@imfmoharkan.bsky.social dives in:
themorningcontext.com/business/qua...
Reposted by Furquan Moharkan
10% of Quant MF’s Rs 96,000 crore AUM is stuck in illiquid stocks with high concentration risk. Echoes past missteps by bigger peers. Important lessons for investors.
@imfmoharkan.bsky.social dives in:
themorningcontext.com/business/qua...
@imfmoharkan.bsky.social dives in:
themorningcontext.com/business/qua...
February 17, 2025 at 4:32 AM
10% of Quant MF’s Rs 96,000 crore AUM is stuck in illiquid stocks with high concentration risk. Echoes past missteps by bigger peers. Important lessons for investors.
@imfmoharkan.bsky.social dives in:
themorningcontext.com/business/qua...
@imfmoharkan.bsky.social dives in:
themorningcontext.com/business/qua...
Reposted by Furquan Moharkan
Nearly 10% of Quant Mutual Fund's Rs 96,000 crore AUM is tied up in illiquid stocks. These risky holdings heavily impact its three largest schemes—Small-Cap Fund, ELSS Tax Saver, and Active Fund.
How did Quant MF end up here? @imfmoharkan.bsky.social explains:
themorningcontext.com/business/qua...
How did Quant MF end up here? @imfmoharkan.bsky.social explains:
themorningcontext.com/business/qua...
February 17, 2025 at 10:39 AM
Nearly 10% of Quant Mutual Fund's Rs 96,000 crore AUM is tied up in illiquid stocks. These risky holdings heavily impact its three largest schemes—Small-Cap Fund, ELSS Tax Saver, and Active Fund.
How did Quant MF end up here? @imfmoharkan.bsky.social explains:
themorningcontext.com/business/qua...
How did Quant MF end up here? @imfmoharkan.bsky.social explains:
themorningcontext.com/business/qua...
Reposted by Furquan Moharkan
Modi said his slogan of Viksit Bharat translates to “Make India Great Again”, which is the same as Trump’s MAGA. If the goal is the same, the ways and means aren’t that different. Both US and India reveal shared patterns eroding democratic accountability.
I write @themorningcontext.bsky.social
I write @themorningcontext.bsky.social
When the US stoops to corporate interests, democracy suffers
The Trump administration’s unprecedented kowtowing to corporate power poses an existential question for democracy worldwide
themorningcontext.com
February 14, 2025 at 7:42 PM
Modi said his slogan of Viksit Bharat translates to “Make India Great Again”, which is the same as Trump’s MAGA. If the goal is the same, the ways and means aren’t that different. Both US and India reveal shared patterns eroding democratic accountability.
I write @themorningcontext.bsky.social
I write @themorningcontext.bsky.social
Reposted by Furquan Moharkan
Quant Mutual Fund faces mounting concentration risk, forcing yet another strategy shift. Tandon's 'defensive' bet raises red flags, with heavy exposure to Reliance Industries.
@imfmoharkan.bsky.social dives in:
themorningcontext.com/business/qua...
@imfmoharkan.bsky.social dives in:
themorningcontext.com/business/qua...
February 10, 2025 at 1:35 PM
Quant Mutual Fund faces mounting concentration risk, forcing yet another strategy shift. Tandon's 'defensive' bet raises red flags, with heavy exposure to Reliance Industries.
@imfmoharkan.bsky.social dives in:
themorningcontext.com/business/qua...
@imfmoharkan.bsky.social dives in:
themorningcontext.com/business/qua...
Reposted by Furquan Moharkan
Vishakha Mulye, CEO of Aditya Birla Group’s financial services arm, faces mounting challenges. The stock has plunged 27% since September 2024, now trading well below its Rs 250 listing price.
@imfmoharkan.bsky.social takes a closer look:
themorningcontext.com/business/why...
@imfmoharkan.bsky.social takes a closer look:
themorningcontext.com/business/why...
February 7, 2025 at 11:33 AM
Vishakha Mulye, CEO of Aditya Birla Group’s financial services arm, faces mounting challenges. The stock has plunged 27% since September 2024, now trading well below its Rs 250 listing price.
@imfmoharkan.bsky.social takes a closer look:
themorningcontext.com/business/why...
@imfmoharkan.bsky.social takes a closer look:
themorningcontext.com/business/why...
Reposted by Furquan Moharkan
Two-and-a-half years into her role as CEO of Aditya Birla Capital, Vishakha Mulye faces mounting challenges.
The digital business, once Mulye’s key turnaround strategy, remains a significant pain point.
@imfmoharkan.bsky.social investigates:
themorningcontext.com/business/why...
The digital business, once Mulye’s key turnaround strategy, remains a significant pain point.
@imfmoharkan.bsky.social investigates:
themorningcontext.com/business/why...
February 7, 2025 at 4:10 AM
Two-and-a-half years into her role as CEO of Aditya Birla Capital, Vishakha Mulye faces mounting challenges.
The digital business, once Mulye’s key turnaround strategy, remains a significant pain point.
@imfmoharkan.bsky.social investigates:
themorningcontext.com/business/why...
The digital business, once Mulye’s key turnaround strategy, remains a significant pain point.
@imfmoharkan.bsky.social investigates:
themorningcontext.com/business/why...
Reposted by Furquan Moharkan
#PublishedThisWeek
SEBI to investigate Robin Raina, founder of Ebix Inc., suspended last year by new owners of his struggling software firm. Alleged QIP fraud by Eraaya may be the key trigger.
@imfmoharkan.bsky.social with latest development: themorningcontext.com/business/seb...
SEBI to investigate Robin Raina, founder of Ebix Inc., suspended last year by new owners of his struggling software firm. Alleged QIP fraud by Eraaya may be the key trigger.
@imfmoharkan.bsky.social with latest development: themorningcontext.com/business/seb...
January 26, 2025 at 6:21 AM
#PublishedThisWeek
SEBI to investigate Robin Raina, founder of Ebix Inc., suspended last year by new owners of his struggling software firm. Alleged QIP fraud by Eraaya may be the key trigger.
@imfmoharkan.bsky.social with latest development: themorningcontext.com/business/seb...
SEBI to investigate Robin Raina, founder of Ebix Inc., suspended last year by new owners of his struggling software firm. Alleged QIP fraud by Eraaya may be the key trigger.
@imfmoharkan.bsky.social with latest development: themorningcontext.com/business/seb...
Reposted by Furquan Moharkan
#PublishedThisWeek
Gujarat-based Bharat Global Developers Ltd’s $1.5 billion scam exposed after a swift SEBI crackdown.
How did this BSE-listed company pull it off in under a year?
@imfmoharkan.bsky.social investigates:
themorningcontext.com/business/a-b...
Gujarat-based Bharat Global Developers Ltd’s $1.5 billion scam exposed after a swift SEBI crackdown.
How did this BSE-listed company pull it off in under a year?
@imfmoharkan.bsky.social investigates:
themorningcontext.com/business/a-b...
January 25, 2025 at 7:40 AM
#PublishedThisWeek
Gujarat-based Bharat Global Developers Ltd’s $1.5 billion scam exposed after a swift SEBI crackdown.
How did this BSE-listed company pull it off in under a year?
@imfmoharkan.bsky.social investigates:
themorningcontext.com/business/a-b...
Gujarat-based Bharat Global Developers Ltd’s $1.5 billion scam exposed after a swift SEBI crackdown.
How did this BSE-listed company pull it off in under a year?
@imfmoharkan.bsky.social investigates:
themorningcontext.com/business/a-b...
Reposted by Furquan Moharkan
#ICYMI
First lead: TVS has become a nonentity in the fast-growing, premium motorcycle segment. Can it change this?
Second lead: SEBI aims to determine whether the Eraaya-Ebix deal involved fraud and stock manipulation.
themorningcontext.com
First lead: TVS has become a nonentity in the fast-growing, premium motorcycle segment. Can it change this?
Second lead: SEBI aims to determine whether the Eraaya-Ebix deal involved fraud and stock manipulation.
themorningcontext.com
January 23, 2025 at 2:17 PM
#ICYMI
First lead: TVS has become a nonentity in the fast-growing, premium motorcycle segment. Can it change this?
Second lead: SEBI aims to determine whether the Eraaya-Ebix deal involved fraud and stock manipulation.
themorningcontext.com
First lead: TVS has become a nonentity in the fast-growing, premium motorcycle segment. Can it change this?
Second lead: SEBI aims to determine whether the Eraaya-Ebix deal involved fraud and stock manipulation.
themorningcontext.com
Reposted by Furquan Moharkan
Exclusive: SEBI to investigate Robin Raina, founder of Ebix Inc., suspended last year by new owners of his struggling software firm. Alleged QIP fraud by Eraaya may be the key trigger.
@imfmoharkan.bsky.social with latest development:
themorningcontext.com/business/seb...
@imfmoharkan.bsky.social with latest development:
themorningcontext.com/business/seb...
January 23, 2025 at 5:12 AM
Exclusive: SEBI to investigate Robin Raina, founder of Ebix Inc., suspended last year by new owners of his struggling software firm. Alleged QIP fraud by Eraaya may be the key trigger.
@imfmoharkan.bsky.social with latest development:
themorningcontext.com/business/seb...
@imfmoharkan.bsky.social with latest development:
themorningcontext.com/business/seb...
Reposted by Furquan Moharkan
A SEBI crackdown exposes Bharat Global Developers Ltd’s web of deceit.
The BSE-listed company used every trick to inflate share prices, enabling preferential stockholders to reap massive profits.
@imfmoharkan.bsky.social explores:
themorningcontext.com/business/a-b...
The BSE-listed company used every trick to inflate share prices, enabling preferential stockholders to reap massive profits.
@imfmoharkan.bsky.social explores:
themorningcontext.com/business/a-b...
January 20, 2025 at 11:47 AM
A SEBI crackdown exposes Bharat Global Developers Ltd’s web of deceit.
The BSE-listed company used every trick to inflate share prices, enabling preferential stockholders to reap massive profits.
@imfmoharkan.bsky.social explores:
themorningcontext.com/business/a-b...
The BSE-listed company used every trick to inflate share prices, enabling preferential stockholders to reap massive profits.
@imfmoharkan.bsky.social explores:
themorningcontext.com/business/a-b...
Reposted by Furquan Moharkan
#PublishedThisWeek
Exclusive: Mumbai Angels is winding up its operations.
At first glance, it appears to be a straightforward transition. However, a closer look reveals that there’s more to this story than meets the eye.
@harveen-ahluwalia.bsky.social explains:
themorningcontext.com/internet/ang...
Exclusive: Mumbai Angels is winding up its operations.
At first glance, it appears to be a straightforward transition. However, a closer look reveals that there’s more to this story than meets the eye.
@harveen-ahluwalia.bsky.social explains:
themorningcontext.com/internet/ang...
January 19, 2025 at 8:32 AM
#PublishedThisWeek
Exclusive: Mumbai Angels is winding up its operations.
At first glance, it appears to be a straightforward transition. However, a closer look reveals that there’s more to this story than meets the eye.
@harveen-ahluwalia.bsky.social explains:
themorningcontext.com/internet/ang...
Exclusive: Mumbai Angels is winding up its operations.
At first glance, it appears to be a straightforward transition. However, a closer look reveals that there’s more to this story than meets the eye.
@harveen-ahluwalia.bsky.social explains:
themorningcontext.com/internet/ang...
Reposted by Furquan Moharkan
Gujarat-based Bharat Global Developers Ltd’s $1.5 billion scam exposed after a swift SEBI crackdown.
How did this BSE-listed company pull it off in under a year?
@imfmoharkan.bsky.social investigates:
themorningcontext.com/business/a-b...
How did this BSE-listed company pull it off in under a year?
@imfmoharkan.bsky.social investigates:
themorningcontext.com/business/a-b...
January 20, 2025 at 4:04 AM
Gujarat-based Bharat Global Developers Ltd’s $1.5 billion scam exposed after a swift SEBI crackdown.
How did this BSE-listed company pull it off in under a year?
@imfmoharkan.bsky.social investigates:
themorningcontext.com/business/a-b...
How did this BSE-listed company pull it off in under a year?
@imfmoharkan.bsky.social investigates:
themorningcontext.com/business/a-b...
Reposted by Furquan Moharkan
#PublishedThisWeek
In 5 quarters until Sept 2024, Yes Bank’s retail banking segment hasn’t posted a profit, with losses nearing Rs 2,000 crore.
CEO Prashant Kumar is under scrutiny.
@imfmoharkan.bsky.social explores:
themorningcontext.com/business/can...
In 5 quarters until Sept 2024, Yes Bank’s retail banking segment hasn’t posted a profit, with losses nearing Rs 2,000 crore.
CEO Prashant Kumar is under scrutiny.
@imfmoharkan.bsky.social explores:
themorningcontext.com/business/can...
Can Prashant Kumar steer Yes Bank through its retail hurdle?
Once considered a panacea for the bank’s troubles, the retail banking segment seems to have become a threat to the private lender’s profitability.
themorningcontext.com
January 11, 2025 at 12:34 PM
#PublishedThisWeek
In 5 quarters until Sept 2024, Yes Bank’s retail banking segment hasn’t posted a profit, with losses nearing Rs 2,000 crore.
CEO Prashant Kumar is under scrutiny.
@imfmoharkan.bsky.social explores:
themorningcontext.com/business/can...
In 5 quarters until Sept 2024, Yes Bank’s retail banking segment hasn’t posted a profit, with losses nearing Rs 2,000 crore.
CEO Prashant Kumar is under scrutiny.
@imfmoharkan.bsky.social explores:
themorningcontext.com/business/can...
Reposted by Furquan Moharkan
Remarkable story of education in India. Free to read for a limited time. themorningcontext.com/internet/why...
Why is Dinesh Goel of FIITJEE so angry?
In the face of intensifying competition and shrinking profits, the FIITJEE founder’s aggressive tactics have only deepened the cracks in the three-decade-old test-prep chain.
themorningcontext.com
December 13, 2024 at 8:56 AM
Remarkable story of education in India. Free to read for a limited time. themorningcontext.com/internet/why...