Furquan Moharkan

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.

#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
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#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...

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...

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...

#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:
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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 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...

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...

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...

#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...

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...

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

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

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...

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...

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...

#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...

#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...

#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

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...

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...

#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...

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...

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.

#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...

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.

Remarkable story of education in India. Free to read for a limited time. themorningcontext.com/internet/why...

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.

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...

Dark patterns: Fair play or a tool of mass deception? The recent controversy over Zepto’s differential pricing and lack of transparency trains the spotlight on the deceptions and trickery that digital companies resort to in the name of innovative busines...

Are you too seeing different prices for similar grocery items on different phones? We put the spotlight on the deceptions that digital companies resort to in the name of innovative business practices. Is it fair or trickery? themorningcontext.com/internet/dar...

Unacademy is up for sale, merger or bailout Soon after the Byju’s debacle, Unacademy is in distress. Once a high-flying edtech startup, it is searching for a respectable way out.

Unacademy is up for sale, merger or bailout.

Once a high-flying edtech startup, it is searching for a respectable way out.

This story is free to read for the next for 48 hours.
themorningcontext.com/internet/una...

Is 30-year-old MFI Fusion Finance on the verge of going belly up? The microfinance institution faces a possible recall of nearly Rs 6,000 crore in loans given by banks, which it will be hard-pressed to repay given the state of its assets.

India's Microfinance lending industry looks precarious. By the looks of it, Fusion Finance, a three-decade-old Delhi-based company could be its first casualty.

If banks don't come in to help, Fusion could go belly up. And open a can of worms. themorningcontext.com/business/is-...

Is 30-year-old MFI Fusion Finance on the verge of going belly up? The microfinance institution faces a possible recall of nearly Rs 6,000 crore in loans given by banks, which it will be hard-pressed to repay given the state of its assets.

A storm is brewing in microfinance, with Fusion Finance likely its first casualty, suffering sharp net worth erosion and Rs 460.93 crore in losses in the first half of 2024-25 fiscal year.

In today's edition.
themorningcontext.com/business/is-...