Kayezad E Adajania

Editor - ET Wealth at @EconomicTimes. Previously @moneycontrolcom, @livemint, loves writing on tennis on the sidelines.

[Kayezad E Adajania @kayezad]

I'll go out on a limb here and say Djokovic will reach the semis. I don't see Fonseca bothering him on grass just yet.

[Olly Tennis 🎾 🇬🇧 @Olly_Tennis_]

🇬🇧💪🇷🇸 Novak Djokovic’s 2026 Wimbledon draw:

R1 - Wu
R2 - Tsitsipas/Gaston
R3 - Rinderknech
R4 - Rublev/Fonseca
QF - Auger Aliassime/Norrie
SF - Sinner/Medvedev/Paul/Ruud
F - Zverev/Fritz/Shelton

[Kayezad E Adajania @kayezad]

@ChrissieEvert @Ringham7 Sending you lots of love Chris. Looking forward to seeing you back in the commentary booths soon.

[Kayezad E Adajania @kayezad]

Hello @delhivery, I complained in your DM, but you have not responded to my message.

Your pick-up guy has flatly refused to come.

Either you assign someone or give me a refund. I have paid Rs 191.

[helpdesk_delhivery @help_delhivery]

@kayezad Hi, We apologize for the unpleasant experience and any inconvenience caused. At Delhivery, we are committed to providing our customers with a seamless experience.

Request you to DM us your AWB/tracking number for us to assist you better. https://t.co/n5jgN7WG8J

[Kayezad E Adajania @kayezad]

Dear @delhivery I had ordered for a pickup to be couriered to some place. The driver that your app assigned said he will not pick up and will assign someone else.

What’s happening ? Can you help ?

[Kayezad E Adajania @kayezad]

The RBI is now bearing the full forex hedging cost on NRI dollar deposits.

Major banks are offering 6% in dollars, some small finance banks up to 7.13%. Zero currency risk. Tax-free in India.

The math hasn't looked this good in years. @Abhinavkaul reports in this week's @ET_Wealth

[Kayezad E Adajania @kayezad]

Bitcoin has crashed 50% from its peak. Should you buy the dip?

Before you do, know this: crypto is taxed at a flat 30% in India, losses can't be offset across coins, and there's zero investor protection if an exchange fails.

@Abhinavkaul reports in this week's @ET_Wealth

[Kayezad E Adajania @kayezad]

The RAFA documentary on Netflix is quite something. So inspiring.

Can’t wait to see Martina - Chris docu now.

But what I’d really want to see is one on Graf and Seles. That chapter ended abruptly, it needs a proper closure no?

[Kayezad E Adajania @kayezad]

@Rajan1969H @ET_Wealth Ok.

[Kayezad E Adajania @kayezad]

Axis MF has had a rough few years. A front-running scandal, regulatory heat, and equity funds that lost their way. Can they claw back?

Gopkumar thinks so. He tells us why in this week's @ET_Wealth.

[Sanket Dhanorkar @SanketD_ET]

Axis Mutual Fund has navigated turbulent weather in the past few years. First, coming under heavy regulatory scrutiny over a front-running scandal involving some of its key ex-personnel, and the dent in perception among its investors & distributors. Second, facing an extended period of underperformance in its equity funds. As it emerges out of the storm, its MD and CEO, B. Gopkumar, tells @ET_Wealth how the fund house is putting things in order and why he believes the worst is behind them for their equity strategies.
For the full interview, pick up today's copy of ET Wealth.

[Kayezad E Adajania @kayezad]

Agree. Penalty is inevitable as refusal to take a test will be logically equated to failing the test.

The tenure can be debated, though, given recent results.

[Jon Wertheim @jon_wertheim]

No way this survives the (inevitable) appeal….there had to be *some* penalty here. But when actual positive tests get a fraction of the penalty of a test refusal, justice has foot-faulted …

[Kayezad E Adajania @kayezad]

@Sanjay__Bakshi @suchetadalal @rblbank We'll look into it; these are scary instances.

Without getting into any specific cases, the problem with a fintech partnering with a bank on a card could lead to one passing the buck to the other, when something goes wrong.

[Veena @veenavenugopal]

I have a cautionary tale for users of @theniyo 's forex card with @DCBBank. I used the card in a tube station (St Paul's) in London to top up my Oyster card. The tap did not work on the machine, it asked me to insert the card and enter the pin. Which I did, the transaction was declined. I then tried the same with my American Express. That too was declined. So I moved to the next machine, and tried the tap on the DCB card, it worked. A few minutes later, I get a message from Niyo congratulating me on activating international ATM transactions. And a few seconds after that, a message saying Rs 64,594 has been withdrawn from my account.
I reached out to Niyo customer support, who basically said I should write to DCB Bank. I did that. The customer support of the bank insisted a fraudulent ATM withdrawal cannot occur if the physical card is with me. They then said they will take three months to investigate this. But now, two weeks later, they have closed the case saying customer is at fault. Their assertion is that either I am lying about not making the transaction or that I have shared my card with someone. Neither is true. Their security systems are at fault, which is why there was no fraud on my Amex, even though the exact sequence of events happened with it.
I will file a cybercrime report when I back in India later this week. But quite disappointed that @theniyo 's and @DCBBank's response has been to wash their hands off the matter and blame the customer.

[Kayezad E Adajania @kayezad]

@PointsPro @dmuthuk And I have also initiated the closure/surrender of my HDFC Regalia Gold card.

[Kayezad E Adajania @kayezad]

ITR season is here, and the I-T Department's AI scrutiny is sharper than ever. From wrongful HRA claims to skipping AIS reconciliation, eight common errors that can land you a notice.

This week's cover story in @ET_Wealth is by @Preeti__Kul

[Kayezad E Adajania @kayezad]

Coming soon, Monday, June 22.

This week's @ET_Wealth cover story looks at eight tax filing mistakes that could cost you dearly, as the Income - Tax department tightens its AI-driven scrutiny.

We also dig into whether Bitcoin's 50% crash is a buying opportunity or a warning sign, and show you how to turn credit card points into free flights and hotel stays.

Plus lots more.

Do pick up your copy.

[Kayezad E Adajania @kayezad]

@pnhin @bankofbaroda Bank of Baroda sends monthly statements. I don't think it sends annual statements, which we need.

[Kayezad E Adajania @kayezad]

Updating physical passbooks at public-sector banks is still a pain.

Atleast one, or most, of the machines meant to update physical passbooks do not work. As a result, there are often long queues; most of the people are senior citizens.

At @bankofbaroda Gamdevi branch, one of the two machines perennially does not work. We have to go complain and plead with the security official who physically opens up the machine and performs a reset. Branch officials don't seem to care or keep it under their watch. Why should customers raise a stink every time?

Then, systems are different. Let's compare @TheOfficialSBI and @bankofbaroda .

At @bankofbaroda , if your passbook runs out, you have to go to the branch, take a new passbook, and come back to the passbook-updating machine. They give you an absolute blank passbook; the machine will insert all your customer credentials and details into it and customise it.

But at @statebankofindia, if your passbook runs out, you have to go to the bank official. S/he will ‘activate’ the new blank passbook, manually attach the bar code, print your credentials on the first page and then give you the passbook.

[Kayezad E Adajania @kayezad]

One innocent answer: Senior citizens are not comfortable with using net banking, which requires you to remember multiple passwords, captcha codes, etc.

Also, internet banking can be dangerous if it's not used properly and thoroughly.

And my mother does not even use a mobile phone.

[Kayezad E Adajania @kayezad]

@sonisantosh007 @bankofbaroda I agree 100%. Basic things should work, whereas we are just focused on optics.

[Kayezad E Adajania @kayezad]

@Rajan1969H Hi Rajan, sorry to hear about this. I'll look into this and get back.

[Kayezad E Adajania @kayezad]

Wealthy Indians chasing global returns...

...are tripping regulatory wires: misusing ODI for investments instead of business expansion, breaching LRS limits, and structures that appear to be round-tripping.

Dubai property buyers are already getting notices.

ICYMI: @Abhinavkaul wrote on where the lines actually are.