Hemindra Hazari, Independent Analyst: It is unusual. It introduces a political dimension and political risk. Business, especially for banks which are highly leveraged and manage public monies, tend to get identified with parties if their promoters publicly support one party or another, so I feel they should publicly remain apolitical. Uday Kotak publicly backed Modi during demonetisation and now that BJP’s electoral prospects are looking doubtful, he is backing the Congress party.
“This government supports Adani and will not allow any harm or any detriment to come to it,” said Hemindra Hazari, a Mumbai-based independent expert...
The lacklustre performance of Tata Capital reflects limited investor appetite for quality non-banking financial companies in India, said Hemindra Hazari, a SEBI-registered independent research...
Privatisation is supposed to increase competition, usher in greater efficiencies, unleash animal spirits, and enrich stakeholders. IDBI Bank’s board of directors appear to have...