Mukesh Radia @mvradia - Twitter Profile

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over 5 years ago

Daily EOD Derivatives Data File For Cumulative Open Interest Of Nifty Banknifty & All Future STocks https://t.co/nKc2E9CtSm How To Use File https://t.co/gytmP2GkX4

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@AlphaWizarDD

5 days ago

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Sandeep Manudhane

@sandeep_PT

5 days ago

Indian Capitalism 2026 - - - (report by Roshan Kishore HT) 1) Indian companies are earning less from their core businesses and more from investments, property, interest and capital gains. 2) The share of business income fell from 57.3% in 2012–13 to 45.4% in 2023–24. Income from capital gains, interest, house property and similar sources rose from 12% to 18.8%. (Govt. deep tax cuts proved useless for the nation) 3) Even among very rich taxpayers, business income has become much smaller compared with capital or “rentier” income. (FM and CEA both appealed, but no use) 4) For people earning above ₹100 crore, the ratio of business income to capital income fell sharply from 8 to 2.4. 5) Data shows that industrial sales are losing importance, while income from dividends, interest and treasury operations is increasing. This shift signals deep financialisation and weakening industrial activity - companies making more money from assets and markets than from producing goods, creating jobs and expanding factories. Also a pertinent question: why are they not interested in putting up new mfg. businesses? Any fear? Any concern? Or ... ? Expect lesser jobs in future, and more discontent. And of course a massive concentration of incomes and wealth. #Neoliberalism #Capitalism #India

sandeep_PT's tweet photo. Indian Capitalism 2026
- - -
(report by Roshan Kishore HT)

1) Indian companies are earning less from their core businesses and more from investments, property, interest and capital gains.
2) The share of business income fell from 57.3% in 2012–13 to 45.4% in 2023–24.
Income from capital gains, interest, house property and similar sources rose from 12% to 18.8%.
(Govt. deep tax cuts proved useless for the nation)
3) Even among very rich taxpayers, business income has become much smaller compared with capital or “rentier” income.
(FM and CEA both appealed, but no use)
4) For people earning above ₹100 crore, the ratio of business income to capital income fell sharply from 8 to 2.4.
5) Data shows that industrial sales are losing importance, while income from dividends, interest and treasury operations is increasing.

This shift signals deep financialisation and weakening industrial activity - companies making more money from assets and markets than from producing goods, creating jobs and expanding factories.

Also a pertinent question: why are they not interested in putting up new mfg. businesses? Any fear? Any concern? Or ... ?

Expect lesser jobs in future, and more discontent. And of course a massive concentration of incomes and wealth.

#Neoliberalism #Capitalism #India

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Muthukrishnan Dhandapani

@dmuthuk

5 days ago

There is a very detailed and well researched article on data centres in today’s The Ken. It raises a lot of discomforting questions. It talks about states, especially Gujarat, Andhra Pradesh and Maharashtra, giving huge subsidies for data centres. Andhra Pradesh brought in Reliance and Google to build data centres by providing a humongous ₹41,000 crore in incentives. Google alone got ₹22,000 crore in concessions from the Andhra government. Free or cheap land, power at a highly discounted price, complete tax exemption for 20 years - what are the returns? At the estimated 10 GW target, India can create only about 15,000 full time jobs, most of which are not high paying. A larger number of people would be employed only during the construction of data centres. After that, they are huge buildings with very few people. Of the 10 GW capacity India is planning to build by 2030, around 90% would be used by foreign firms for their overseas requirements. According to industry estimates, the Central government is expected to forgo $20 billion due to the waiver of corporate taxes for data centres. Tamil Nadu has the second largest number of data centres in India. It looks the state is not offering any major incentives. The Ken’s article also highlights this. It also mentions similar thinking in Karnataka. It points out that Karnataka IT Minister Priyank Kharge has publicly criticised Andhra Pradesh for providing ₹22,000 crore in incentives just for Google’s Vizag AI hub. From what I understand, Tamil Nadu and Karnataka do not want to be part of this race to the bottom, despite Tamil Nadu attracting a large number of data centres, next only to Maharashtra. It also seems that Andhra Pradesh, Gujarat and Maharashtra are giving enormous resources for something whose returns may be very limited and which is not a major employment generator.

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