Monetrix

  The year is 2008. The inaugural IPL series was held in India. People had no idea that this one event would be a game-changer for the BCCI. Yes, IPL became the enormous Indian celebration that everyone couldn't get enough of. As a result, the BCCI, which was already wealthy, became one of the wealthiest sports organisations in the world! And you know what money can do. It draws tax collectors. They'll take a cut wherever there's money. So the protracted struggle between the BCCI and the Income Tax Authorities began. However, First and foremost. How Does BCCI Work? In 1928, the Board of Control for Cricket in India was established. Yes, long before India's independence. The board was established in order for the Indian cricket team to be recognised by the International Cricket Council. It operates under the authority of the Central Government. However, it is a private organisation that controls virtually every element of cricket in India. Interestingly, BCCI has been re...

  The frenzy among the companies to launch their IPO’s and that of investors to subscribe to them has been at its peak with respect to India for almost a year now. This on one hand portrays a glittering image of the Indian stock markets and on the other also comes as a red flag in terms of the crazy valuations the companies have received during this period. So are the valuations justified or is it just a bubble that is waiting to be burst? Let’s dig deeper. It is important to take into consideration the factors that have led to this IPO boom. I believe changes in the regulatory landscape, as well as the macro-economic situation, have given an impetus to the companies as well as the investors to go ahead with it. With the government imposing stringent lockdowns all over the country to curb the spread of the deadly virus, consumers exuded an extra amount of confidence in altering their purchasing behaviours from the traditional brick and mortar stores to E-commerce. Thus, e-commerce ...

  Jack Ma is revered as a visionary who led the growth of China’s tech sector but when he took stage on October 24, 2020 to give a speech in Shanghai, even the acclaimed visionary could not have predicted the series of events that his words would initiate. Post his scathing speech, the Chinese tech companies saw mayhem like never before starting with Jack Ma’s Ant Group whose $37 Billion world record listing was pulled back just days before, citing anti-trust law violation, then the ride hailing app Didi was banned days after its $4bn IPO in New York and more and more followed. Today we will try to understand the Chinese tech sector and how it might change over the coming years. Once known for the Great Wall and the infamous “Made in China” products, the China of today has captured everyone’s imagination with half a century of breakneck growth and a rise in economic and political status that rivals the USA. The world’s factory became a manufacturing powerhouse with ...