Keshav R Murugesh

India’s entrepreneurial ecosystem is growing, fueled by unprecedented capital inflows. But how this capital is managed defines the future of this growth story. In this video, Brijesh Damodaran, Managing Partner, dives into a crucial topic: the accountability behind OPM (Other People’s Money) and why trust, frugality, and sustainability are essential for long-term success. Watch the full video here: https://bit.ly/3Oyasxg #Entrepreneurship #Governance #SustainableGrowth #Investing #AuxanoCapital

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I’ve been turning down all media requests for a post election analysis but talk of whether alliances will hold post elections reminded me of something I wrote 26 years ago - before a Lok Sabha Election result.   The basic premise: one who holds 30 seats may have the same power, or even more, as compared to someone who holds 245 seats.   A mathematical Power Index explains how   Quote Let’s get on with the “Power Indices” of the various political parties.   Think of it this way : suppose you require a 50% plus majority to form a government and there are 3 parties in the parliament with the following seat tally : 44%, 39% and 17%.   Now, any two of these can join together to form the government and therefore all three of them have exactly equal power, no matter that Party 3 has got less than half the number of seats that the first two have. This is a concept that is of use in any ‘majority wins’ decision rule from shareholder resolutions to jury decisions.   Suppose there are 4 parties in the fray this time around: A, B, C and D parties, having 35%, 34%, 17% and 14% of the seats resp. Again if a simple majority is needed to form a government, any two out of A, B & C can form a government whereas the Party D’s support is never really crucial to anyone.   If this party’s 14% is added onto the percentages of any of the first three parties, the sum does not exceed 50% and any larger coalition of parties doesn’t require its support anyway. Party D is therefore called a ‘dummy’ - an apt term for someone whose vote can never change a losing coalition into a winning one or vice versa.   The dummy has no power, while all the other three parties i.e. A, B and C have equal power.   This is inspite of the fact that Party C has far fewer seats than A and B and only a few more than the smallest one i.e. Party D   For those interested, there is a technical concept called the Banzhaf Power Index (BPI) of a group, party or person which is defined as the number of ways in which that group, party or person can change a losing coalition into a winning one or vice versa.   In the preceding example, the BPI of parties A, B and C are equal and that of Party D is zero.    In fact as an individual MP, you are better-off being a part of Party C than Party A or B because as part of the government you get a disproportionate share of the goodies. This is exactly what happened in U.P. where virtually every MLA of a marginal party who joined the BJP government was made a minister - something that was a remote dream for most BJP MLAs.   Unquote (First Global's weekly 'Markets, Majorities and Maths', January 1998)   Thus if a few smaller partners can hold whichever coalition government to ransom, it introduces uncertainty.   “The more things change, the more they stay the same” Hence, I can repeat a 1998 piece which has contemporary parallels   We may be in for some interesting times.   History also shows coalition governments have been pretty good for the economy and markets.

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DECUMULATION IDEAS #126. 2 MORE FREE BOOKS DROP TODAY... 1. A SMART APPROACH TO PORTFOLIO MANAGEMENT (h/t Shaila Fernandes-Muralidhar at RoyalFern Publishing LLC for giving up rights) - I wrote this book after the 2008 crash destroyed the average portfolio (especially the Yale Model portfolios loaded up on private assets), but where our strategies and those of good friends (Cees Dert Roland van den Brink) did incredibly well. Really relevant today as we are currently 2008 on steroids - https://lnkd.in/ggybkTpX 2. 50 States of Gray: An Innovative Solution to the Defined Contribution Retirement Crisis (h/t Investments & Wealth Institute, especially Debbie Nochlin) - better reform model for state-based IRAs that folks at Pew Research Center and Georgetown University Center for Retirement Initiatives try to make a case for. Where I show how #SeLFIES fit into an effective overall retirement system that can deliver GUARANTEED REAL RETIREMENT INCOME at LOW-COST AND LOW-RISK. Current state-based plans are WAY TOO expensive for what they deliver - https://lnkd.in/gTtAgX4G

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The recent announcement of the Critical Mineral Mission aligns perfectly with our vision for a sustainable and self-sufficient India (Atmanirbhar Bharat). At Attero, we believe in the power of a circular economy where resources are reused and recycled to minimize waste and environmental impact. This initiative is a testament to the growing recognition of the importance of sustainable practices in our industry. By promoting domestic production and efficient recycling of critical minerals, we can significantly reduce our reliance on imports and enhance our resource security. Our commitment at Attero is to lead by example. With our state-of-the-art Li-ion technology and extensive patent portfolio, we are dedicated to transforming how electronic waste is managed and recycled. This mission will undoubtedly bolster our efforts to make India a global hub for recycling and critical mineral processing. I invite you to read insights from Nitin Gupta, CEO of Attero, featured in CXO Today here: https://lnkd.in/gK7h5B2H #Budget2024 #Sustainability #CircularEconomy #Ewaste #Recycling #CriticalMinerals #CXOToday #Attero

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#Protean's initiative to launch the 'Apni Kahani Ka Hero' campaign is a bold and refreshing move in the digital public infrastructure space! While it's indeed unusual for such products to adopt advertising, this campaign seems to go beyond promoting a product—it tells a story of empowerment, innovation, and inclusivity. Building a stronger digital ecosystem requires not just robust solutions but also relatable narratives that inspire adoption and trust. Kudos to Protean for leading the charge in bridging this gap. #DigitalTransformation #Innovation #IndiaStory #PublicInfrastructure #ApniKahaniKaHero"

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Explore the thrilling world of finance with the imminent Ola Electric IPO, where CA Nitin Sharma unravels the details, reviews the IPO, and navigates current market trends. Stay up-to-date on the latest IPOs this week, IPO news, and the grey market buzz surrounding the Ola Electric IPO while gaining insights into IPO allotment tricks, stock market movements, and share market news today. If you are looking for Ola Electric IPO listing gain data and upcoming IPOs in 2024, keep a close eye on reputable sources to provide you with the latest insights, market trends, and potential investment opportunities specific to IPOs in 2024. Our comprehensive coverage includes reviewing the financial report of the company, Sensex target, Sensex option trading, Nifty prediction, and live updates, offering a deep dive into intraday trading strategies and the latest IPO this week. Additionally, we delve into intriguing business ideas that could shape the future landscape. Subscribe now for an exclusive analysis of the Ola Electric IPO GMP today, real-time insights into IPO GMP, and the freshest IPO news. Whether you're an investor, trader, or simply intrigued by the latest business trends, this video is your ultimate source for all things related to Ola Electric IPO and the dynamic world of finance. Learn more about Ola Electric IPO grey market price, Ola Electric IPO details, and explore various business ideas. Don't miss out on this case study video on Ola Electric IPO review by CA Nitin Sharma. Hit that subscribe button, stay informed, and be ready to make informed decisions in the ever-evolving stock and share market. Remember to conduct thorough research when engaging in intraday trading or when buying and selling stocks, especially during IPO allotment. Join us for the latest IPO review and analysis, and keep track of the latest IPO GMP today, the latest IPO news, and the latest IPO details. Understand whether to apply or not for the Ola Electric IPO and whether it’s a buy or not. Stay informed with the latest IPO in the Indian stock market and make the best investment choices with our in-depth analysis. #stockmanthan #canitinsharma 🚀 Welcome to Stock Manthan – Your Financial Mastery Hub! 🚀 The world of relaxed value investing based upon fundamental analysis. Wish to know the process to select the quality stocks or multibagger stocks or say best stocks to invest upon by self, and build portfolio to avoid loss and earn consistently in the stock market? Refer Stock Manthan book to gain the required knowledge - https://amzn.to/45hjEN3 🌐 To reach out to CA Nitin Sharma, you can follow him on: 🔗 Telegram: https://t.me/stock_manthan 🔗 Website: https://lnkd.in/dqmjdrVq 🔗 Instagram: https://lnkd.in/d_77zRK9... 🔗 LinkeDin: https://lnkd.in/dghjK4fP... #nifty #sensex #bse #nse #bseindia #nseindia #sharemarket

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A vital part of my thought process as the Executive Vice Chairman of Shriram Finance Limited & as the chairman of is FIDC India, is : As stakeholders in the financial services industry, how do we enhance financial inclusion? I strongly believe that it is one of the important markers of the industry's progress, and I believe that as NBFCs, have worked hard to contribute significantly to the rise of RBI's inclusion Index from 43.4% in FY 17 to 60.1% today.  However, the index also shows that a significant portion of India is still underserved. In a recent article I penned for the The Economic Times, I discussed the strategies that enable NBFCs to drive financial inclusion. These include: - Leveraging the strength of data & technology to assess creditworthiness, - Expanding our reach into rural areas,  - Forming strategic partnerships with banks, payment aggregators. Our industry's concerted efforts will allow us to serve a wider customer base, providing access to credit and various other financial services. This is a powerful testament to our commitment to promoting inclusive finance. I look forward to your inputs on : How the industry can ensure that the benefits of our growing financial sector reach the unbanked and underbanked? #financialinclusion #NBFCIndia #Financeindustry

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Today, We at AssetPlus had the pleasure of interviewing RAHUL SINGH, Chief Investment Officer at Tata Mutual Fund. We discussed the Tata Balanced Advantage Fund , its taxation, investment strategy, and the types of investors who might consider investing in this fund. Thank you so much Vishranth Suresh & Ashish Sethiya for showing confidence in me and giving me this opportunity to interact with the gem of our industry. #mutualfunds #investing #financialplanning

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If you are seeking to gain valuable insights into the realms of business, failure, and investing, I highly recommend dedicating your time to watching this podcast in its entirety. The content is comprehensive and offers a wealth of knowledge that can significantly enhance your understanding of these critical areas. https://lnkd.in/dsVazgAq

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My views in Hindu Businessline on the magnanimous listing of the one and only Bajaj Housing Finance https://lnkd.in/dUDR8XRX

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#DLF likely to launch the first phase of Mumbai project in Q4FY25. #DLF makes a strong comeback after nearly two decades since its first attempt in Lower Parel, which ended in failure. Let’s hope this time they get it right and use this as a stepping stone for a fresh beginning in #Mumbai A 24-acre real estate project in #AndheriWest would likely be the largest in the area, considering that most prominent residential developments in this locality are significantly smaller, typically spanning 1–7 acres. Given the dense urban environment and high land values in Andheri West, such a large-scale development could redefine the real estate landscape in the area. It would be unprecedented in terms of scope and the variety of residential, commercial, and possibly mixed-use spaces it might include.

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 India’s highest-paid banker isn’t Sashidhar Jagdishan, chief of the country’s largest private lender, HDFC Bank Ltd. That title goes not to Rajeev Jain, the CEO of India’s largest non-bank, Bajaj Finance Ltd, but to Abhay Bhutada, the recently retired chief of a small Pune-based lender called Poonawalla Fincorp Ltd. Shadow banks such as Poonawalla Fincorp and Bajaj Finance have been able to shower their bosses with hefty salaries, bonuses and stock options as they reap the rewards of robust business growth. As per RBI’s regulations, banks are governed by the Banking Regulation Act, which requires the boards of lenders to seek regulatory approval for CEO appointments and their salaries. This doesn’t apply to non-banks, which are governed under the RBI Act and are not required to seek such approval. https://lnkd.in/gpJF3PEX

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Light of Wisdom on "Guru Purnima" Today, as we all celebrate Guru Purnima, we honor the timeless tradition of seeking and imparting wisdom. This sacred day is dedicated to the Gurus who have illuminated our paths with their knowledge, guidance, and unending support. A Guru is not merely a teacher but a beacon of light that guides us through the darkest of times. They are the pillars of strength who encourage us to dream, to learn, and to transform our aspirations into reality. On this auspicious day, let us reflect on the profound impact our Gurus have had on our lives. 🚀 Embrace Learning 🚀 Every moment offers an opportunity to learn. Whether it's a small lesson or a life-changing revelation, the wisdom imparted by our Gurus shapes us into better individuals. Embrace every piece of knowledge with gratitude and enthusiasm. 🚀 Strive for Excellence 🚀 Our Gurus inspire us to strive for excellence, to push beyond our limits, and to achieve greatness. Remember, the pursuit of knowledge and self-improvement is a journey, not a destination. Keep pushing forward, and let your Guru's teachings guide you. 🚀 Cultivate Gratitude 🚀 Take a moment to express your gratitude to your Gurus. Their unwavering belief in your potential and their dedication to your growth is a gift that deserves heartfelt appreciation. Let this gratitude fuel your determination to live up to their expectations. 🚀 Spread the Light 🚀 Just as your Guru has enlightened your path, make a commitment to spread that light to others. Share your knowledge, mentor those who seek guidance, and become a source of inspiration and support in your own unique way. On this Guru Purnima, let's pledge to honor the legacy of our Gurus by embodying their teachings in our daily lives. Let their wisdom empower us to overcome challenges, to embrace growth, and to continuously seek the truth. Happy Guru Purnima #Guru #learning #wisdom #gratitude #lifelessoms

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Here is proof of the pudding on my article on the Samaj, Sarkar, Bazar Dynamic.... (please see link in comments) Tata Capital Healthcare Fund Lead Visalakshi Chandramouli shares her thoughts on 'Why Tata Capital Healthcare Fund is wary on Healthtech bets' and is restricting its exposure on it in this Piece from #livemint The piece also talks about the fate of Marquee Investor bets by brave investors on names we celebrated in the recent past and the fate they suffer. Estimating conservatively, that is a good 500 Million Dollars lost and more in the pipe if you notice some big names disappearing as fast as they appeared !! And we aren't even talking about the money young, bootstrapped and small capital startups that are in the space dying painful and unsung deaths from lack of procurement as the ecosystem and adoption languishes. Letting the adoption of digital health be scuttled, has strangled the space and investors are bleeding money...while the fiddlers fiddle. It is also strangulating the promise of AI and other seductive new technologies that would remain nothing more than experiments until real-time data of authentic provenance is available to them at scale to work on. The importance of Healthtech, in nations being able sustain offering their people Universal Healthcare or the Right to Health; and then graduating to Preventive, Predictive and Personalised healthcare or its geo-startegic importance can hardly be overstated. Yet our feet seem to be stuck in a quciksand at this moment! #digitalhealth #universalhealthcoverage #sdg3 #governance #opensource #publicgood #dpg #dpi #SaaS #iaas #paas #telecom #publichealth #globalsouth #aiinhealthcare #ai #adoption #mohfw #philanthropy #policy #nmc #healthcare #interoperability #digitaltransfomation #data4good #IITJodhpur #LibraFoundation #Innovation #Research #Onehealth #GIDH #abdm #exponentialtechnologies #linuxfoundation #thoughtleaders #transformation #policymakers #capacitybuilding #mozilla #a16z #healthtech #medtech #Innovation #datadriven #ml #pmoindia #nha #mygovindia #uhc #startups #incubation #pmoindia #g20 #h20 #telemedicine #primaryhealthcare #healthsecurity #pandemicpreparedness #Saúde #sus #SEIDIGI #PAHO #OPAS #africanunion #africahealth #cgdhi Sachin Chaturvedi #1mg #practo #pharmeasy Vamesh Chovatia PadUp Ventures Villgro Vilas Dhar World Health Organization #undp #adb #worldbank Pramila Srinivasan Peak XV Partners Quadria Capital HealthXCapital KKR TPG Khosla Ventures Ravishankar G V Alain Labrique Tom Frieden Tata Trusts Tata Communications Ministry of Health and Family Welfare, Government of India National Health Authority (NHA) #startupindia#startupindia Sunil Wadhwani Rahul (ZebPay) Pagidipati Dr.Bhadra Reddy #pafi Dilip Cherian McKinsey & Company NITI Aayog Official Ck Mishra Siddharth Sharma Anas Rahman Junaid Bhomik Shah Jhpiego India Health Fund PATH Clinton Health Access Initiative, Inc. Anuradha Jain #tata

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Innovation in India is often driven by resourcefulness, creating solutions for large-scale challenges with limited resources—think frugal innovation and social impact. The USA, on the other hand, focuses heavily on cutting-edge technology, with vast investments in R&D and a culture that fosters disruptive ideas. Both approaches are unique, contributing significantly to global advancements, yet they highlight different strengths: India's agility and grassroots problem-solving versus the USA's technological prowess and investment-heavy innovation ecosystem. #Innovation #IndiaVsUSA #TechCulture #FrugalInnovation

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📊 Why Vickrey Auction is Superior to Licensing for Spectrum Allocation 🔹 Higher Transparency and Fairness: Auctions ensure spectrum is allocated to the highest-valued user, promoting fair competition. In contrast, administrative licensing risks subjective decisions, underutilization, and market inefficiencies. 🔹 Maximizing Government Revenue: With truthful bidding encouraged by the second-price rule, the government secures optimal revenue. Penalties discourage speculative behavior, ensuring higher expected revenue than license-based allocation. 🔹 Efficient Spectrum Use: Iterative bidding allows participants to adjust bids dynamically, ensuring spectrum is allocated to those who value it the most—especially for contiguous spectrum blocks. 🔹 Prevents Collusion and Monopoly: The sealed-bid nature reduces the risk of collusion and market manipulation, ensuring a level playing field. Penalties prevent dominant players from underbidding to block competitors, promoting healthy competition. 🌐 Application in India’s Satellite Broadband Market Handling Expiring Spectrum: Incumbents with expiring licenses must rebid competitively or vacate, ensuring efficient reallocation. Managing Multiple Spectrum Bands: The model supports dynamic bidding across heterogeneous bands, ensuring the best use of resources. Enabling Market Growth: A fair auction mechanism fosters competition, helping India achieve the projected $1.9 billion satellite broadband market by 2030. Why Administrative Licensing Falls Short Lack of Market Pricing: Spectrum may not reflect its true value, leading to underutilization. Opaque Decision-Making: Licensing increases the risk of favoritism and subjective allocation. Missed Revenue Opportunity: The government risks earning lower revenues compared to auction-based systems. 🚀 Conclusion: Building a Transparent and Competitive Future India has an opportunity to redefine satellite spectrum allocation with the Vickrey auction with iterative bidding and penalty mechanism. This model ensures transparency, fairness, and market efficiency, preventing the pitfalls of administrative licensing and collusion-prone SMRA auctions. By adopting this advanced auction design, India can foster a competitive telecom ecosystem, avoid controversies like the 2G spectrum allocation, and position itself as a leader in satellite broadband and 5G technologies. 💡 It’s time to embrace innovation in auction theory and ensure that public resources serve the greater good through a transparent and competitive process. PART 2 #SatelliteBroadband #SpectrumAuction #Telecom #Innovation #VickreyAuction #PublicRevenue #MarketEfficiency #IndiaTelecom #TRAI #AuctionTheory

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