Karthik Rekapally

Business analyst

[anand mahindra @anandmahindra]

Forgive me for still having an Asian Games hangover, but as I start this week, one story from the Games keeps coming back to me.

Sujeet Kalkal was 9-2 down with less than a minute & a half left.

Most of us have an inner voice that does the maths at a moment like this.

I certainly admit to having such a voice.

It assesses the odds and tells us when the rational thing is to accept defeat.

Sujeet clearly has another voice. One that says: Not yet.

He kept going. 9-2 became 10-9. And an Asian Games gold.

The lesson goes well beyond the wrestling mat.

When I look back, I realise that some of my key successes in business came when I listened to my other voice that fought the rational one and simply refused to throw in the towel.

There are times to listen to reason. And there are times to tell it to wait.

It ain’t over till it’s over.

#MondayMotivation

[Nithin Kamath @Nithin0dha]

I think MDR on UPI was probably inevitable at some point, especially given how widespread UPI adoption has become. It could also lead to more competition, instead of just three apps accounting for more than 95% of the market.

That being said, there are some use cases, like investing and broking, where the proposed MDR structure doesn’t really make sense.

The problem with broking is that there is no guarantee that money transferred to a broker will actually result in a transaction.

As brokers, we can’t force a customer to trade after transferring money. And if we can’t pass the UPI charge on to the customer, there is essentially no limit to the cost a customer can impose on a broker without generating any revenue.

Just as an example, 10,000 customers could each make 50 UPI transfers of ₹2 lakh in a month without executing a single trade. At the proposed MDR, this could potentially cost the broker around ₹2 crore, without generating any business.

What makes this even more challenging is quarterly settlement (QS). This is a SEBI regulation that requires brokers to send unused funds back to clients every month or quarter.
Most customers then transfer these funds back to their broking accounts, with more than half of these transfers happening through UPI. So regulation essentially forces this movement of money every month or quarter, and the broker could end up bearing the cost when the money comes back, without any incremental benefit or revenue.

By the way, we currently don’t charge brokerage on equity delivery trades because the economics allow us to offer them for free. But if every UPI transfer starts carrying an additional cost, irrespective of whether the customer actually trades, I don’t see how we can absorb this indefinitely.

I think having an MDR is okay. It still doesn’t solve the problem of customers transferring money without transacting, but something like 0.02% with a cap of ₹5 or ₹10 per transaction seems much more reasonable for broking, instead of a cap as high as ₹300.

[karan J @Karan16J]

Below metro lines should be built in war mode lol, nothing else is important for Hyderabad ryt now crazy is current regime has scrapped half of these routes

Boothulu only coming 🤬

BHEL - Lakdikapul
Raidurg - Neopolis
AirPort Express Metro
Tarnaka - ECIL
Left over phase 1

[Cricket Scotland @CricketScotland]

Glad to have made it to India.
Eat 5 Star. Do Nothing 😉

[Karthik Rekapally @chinkart]

#IndvsUs #T20WorldCup surya bhai saved us

[Karthik Rekapally @chinkart]

@se_op_habsiguda @tgspdcl Thank you the concerned officer has connected and updated that the grievance will be resolved soon ..thanks for the quick response.

[Karthik Rekapally @chinkart]

@tgspdcl we are facing voltage fluctuations at Mahesh nagar ECIL from morning and request you to please check details: 101844460 and contact number is 9247867276

[Karthik Rekapally @chinkart]

Strongly condemn the attack on innocent tourists in #phalgam #Kashmir

[Mufaddal Vohra @mufaddal_vohra]

Sachin Tendulkar, Yuvraj Singh and Yusuf Pathan celebrating Holi. 😂👌

[Karthik Rekapally @chinkart]

@StarSportsTel Arshdeep singh adali endhuku ante last time babar and key wickets tisadu #starniadugu

[Stijn Noorman @stijnnoorman]

The biggest scam in the world:

Alcohol.

It's destroying your brain and health.

Here's what alcohol does to you (backed by science):

[Let's X OTT GLOBAL @LetsXOtt]

Once @urstrulyMahesh Said 🥹❤️

[Danish Sait @DanishSait]

2025 - Happy New year or whatever.

[Karthik Rekapally @chinkart]

Tobacco is the first, Obesity is the second followed by alcohol consumption which are the leading preventable causes of cancer

[Karthik Rekapally @chinkart]

https://t.co/JR7c59ZrAy

[Karthik Rekapally @chinkart]

https://t.co/JR7c59ZrAy

[Karthik Rekapally @chinkart]

Retirement is imminent now #AUSvIND

[Karthik Rekapally @chinkart]

Time to retire legends,,been a great career #Kohli and #RohitSharma ..the elephants in the room must move on and hand over the reins to youngsters.#INDvNZ

[Sabri Amca @SabriAmca1453]

Ulan ne kadar inatçı polismişsin sen

[TheLiverDoc™ @theliverdoc]

I just f**king love how the @BBCOne destroyed the "social drinking is pretty much ok" myth with this fantastic narrative which is only a bit over 60 seconds. We need more of this. Much more. Featuring marvellous Hepatologists from across the UK including Prof. @DebbieShawcros1

Remember. A woman can get severe liver disease with lower limits of alcohol use than men. It's not the liver disease I'm worried about, it's the terrifying breast cancer. And 20 other types of cancers including the most hellish of them all, pancreatic cancer (the pain cannot be described).

Alcohol is not beneficial in any dose, or form.

Prof. Debbie Shawcross mentioned liver failure in 20 year olds due to alcohol use. My youngest patient that fell victim to alcohol was only 19. He vomited nearly half his total blood volume...collapsed at home...hit his head on the floor...bled into his brain...went into a coma...died on the ventilator, all in 2 days time. Just 19 years old.

Read more on this here: #mustread

‘I had no idea being a social drinker would damage my liver by 31’ by @hazelreporting for @BBCPanorama

https://t.co/zlg9HoCOCq

[Ben Steiner @BenSteiner00]

I’ve seen a lot of the Toronto running community, but this guy wins.

[Karthik Rekapally @chinkart]

Time to retire legends,,been a great career #Kohli and #RohitSharma ..the elephants in the room must move on and hand over the reins to youngsters.#INDvNZ