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Transfin. Podcast E20: Populism, Mismatch, Stretched

Professor of Financial Economics and Part-time Value Investor, Transfin.
Jan 31, 2019 4:43 PM 1 min read

We like to talk Business and Finance. Figured we should do it for a living.


With one day to go before the 2019 Union Budget, some airtime on:


The Return of Farmers. Also the Middle Class


The Interim Finance Minister Piyush Goyal is set to present the Interim Budget tomorrow. We begin by discussing Nikhil's pre-budget piece which outlines the focus areas (agriculture and healthcare) and the royal ignores (private sector and middle class) of last year's Union Budget. Further, we talk about what has transpired since, and how that may shape tomorrow's Budget.  


Zee and Subhash Chandra's Debt-Asset Mismatch


Zee Group on Friday suffered a loss in market capitalisation to the tune of INR14,000cr after shares of its entertainment arm crashed over 30% in light of a media report, which alleged links between its promoter company Essel Group and Nityank Infrapower and Multiventures, a company that is under the scrutiny of the Serious Fraud Investigation Office (SFIO) for deposits of over INR3,000cr after demonetisation. We analyse the factors that led to Zee's downfall. 


How Diversification Fails when Stretched too Thin


We have time and again observed how promoter-led companies and startups tend to spread themselves too thin, ultimately leading to inefficient to execution. We deliberate on how an overt focus on topline growth can comprise one's financial moat. 


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