Piramal Finance (PFL) listed on NSE without an IPO due to strict RBI rules that forced its parent company (Piramal Enterprises – PEL) to merge into it by September 2025. This swap gave shareholders one PFL share for each old share of PEL. It saved time and costs while unlocking value in its finance business.
Startups in India burn cash because taxes hit profits hard (up to 52% if paid out as dividends). Instead, they grow fast by spending on ads and users, keeping taxes low at just 15% on share sales later. This boosts valuations for VCs’ quick exits. But is can also nurture such shaky businesses that will easily crumble in tough times.
The Altman Z-Score did flagged Indian failures like Kingfisher Airlines and DHFL as distressed companies. For Kingfisher, it showed negative scores from 2008, warning of trouble years before the 2012 shutdown. DHFL’s low 2019 score similarly predicted its quick bankruptcy collapse.
The Altman Z-Score works well for old factories but can yield wrong interpretations on tech firms like Zomato, Paytm, Lenskart etc. Why? Because it will see their negative cash balances as danger, when it’s actually smart business from holding customer money briefly. For growth stars like Lenskart, it punishes startup losses that fuel big wins later.
To calculate the Altman Z-Score, start by gathering data like total assets, working capital, and EBIT from a company’s balance sheet and income statement. Next, compute five ratios – such as working capital over total assets – and plug them into the formula (see formula here). Finally, a score above 3 means safe, while below 1.8 signals risk, as seen in Tata Steel’s grey zone example (see the steps here)
Ambuja Cement’s net profit jumped 389% year-over-year to Rs. 2,297 crore mainly because of a big tax reversal—they got back Rs. 1,464 crore in provisions. Strong sales volumes up 20% and better pricing also helped boost earnings. Without the tax break, profits still grew nicely from solid operations.
Tech Mahindra looks like a smart bet for 2026, trading at Rs 1,424 now. It is down from Rs 1,500 levels in September, offering better entry for patient Indian investors. Its diversified verticals like BFSI and manufacturing, plus 51% YoY deal wins at $809 million TCV, show solid momentum. With AI training for 77,000 staff and 15% EBIT target by FY27, expect steady growth amid global recovery.
Tata Steel built Jamshedpur as a planned city, investing in workers’ health, education, and welfare from the start. This created a loyal workforce and stable operations, avoiding common industrial problems. As a result, the company achieved lower costs, innovation, and lasting shareholder value for investors.
Introduction Yesterday while I was watching the morning news, I saw Latha Venkatesh of CNBCTV18 discussing the topic of FDI’s interest in Indian private banks. While watching this telecast, I wondered why will global investment firms be intered to buy stakes in Indian banks? International names have suddenly showing up in the ownership lists of…
HDFC Bank stands out as the top buy for the next five years in India. Its strong fundamentals, successful merger, and digital push position it for sustained growth. Investors can expect a balance of quality, stability, and compounding returns through 2030.
Gold and silver’s intrinsic value comes from mining costs, scarcity, and their role as safe stores during tough times. For gold in India, it’s about Rs. 95,700 per 10 grams; for silver, around Rs. 882 per 10 grams. Market prices are higher due to emotions, but these figures show their true worth.
The Supreme Court just allowed the government to recheck Vodafone Idea’s extra Rs. 9,450 crore AGR bill from 2016-17. This gives the company quick cash relief and stops it from running dry soon. As a result, the shares jumped over 60% in the last two months as hope grows for bigger waivers.
