Opinion: Take Rest PNB, You've Done Enough

Opinion: Take Rest PNB, You've Done Enough

Andy Mukherjee | Bloomberg | Wednesday May 16, 2018

Other than the embarrassment of asking the country's second-largest state-run lender to, well, stop lending, there's no other reason why India should allow Punjab National Bank to advance even one rupee to anybody except the government.

Opinion: India's Latest Power Debacle Is Enron Times 20

Opinion: India's Latest Power Debacle Is Enron Times 20

Andy Mukherjee | Bloomberg | Tuesday May 15, 2018

Enron Corp. is long gone, but the scandal it left behind in India has beguiled the country's lenders for almost two decades.

Opinion: Somebody Should Send Axis Bank's Board a Thank-You Note

Opinion: Somebody Should Send Axis Bank's Board a Thank-You Note

Andy Mukherjee, Bloomberg Gadfly | Wednesday April 11, 2018

Axis Bank's board, which should have spent at least the past year looking for new leadership, now wants permission to cling on to Shikha Sharma until December; apparently it can't find a replacement by end of May.

Opinion: Uber's India Doom Is Written In The (Selfies With) Stars: Gadfly

Opinion: Uber's India Doom Is Written In The (Selfies With) Stars: Gadfly

Andy Mukherjee, Bloomberg Gadfly | Monday March 26, 2018

Bollywood actor Shahrukh Khan is the new Taj Mahal.

Opinion: What Mukesh Ambani Is Doing With Jio Isn't Rocket Science

Opinion: What Mukesh Ambani Is Doing With Jio Isn't Rocket Science

Andy Mukherjee, Bloomberg Gadfly | Tuesday March 20, 2018

India's telecom industry is in turmoil, and depending on whom you ask, one man deserves all the credit or all the blame.

Opinion: Shame On You Crazy Diamond Bankers. PNB Was No Lone Wolf

Opinion: Shame On You Crazy Diamond Bankers. PNB Was No Lone Wolf

Andy Mukherjee, Bloomberg Gadfly | Thursday February 22, 2018

It's disingenuous to think that India's biggest banking fraud was just one bent officer in a bumbling state-run lender enriching an uncle-nephew pair of greedy diamond merchants. That's the spin Punjab National Bank is trying to put on the $1.8 billion scam that went on for seven years.

Opinion: Investing in India? Better Call Your Tax Lawyer First

Opinion: Investing in India? Better Call Your Tax Lawyer First

Andy Mukherjee, Bloomberg Gadfly | Friday February 02, 2018

The grandfathering of past returns promised by Finance Minister Arun Jaitley in his budget speech is missing from the fine print of the finance bill.

Opinion: Mukesh Ambani's Brotherly Love For Anil In Range Of $3 Billion

Opinion: Mukesh Ambani's Brotherly Love For Anil In Range Of $3 Billion

Andy Mukherjee, Bloomberg Gadfly | Thursday January 04, 2018

Must the tap of brotherly love turn off at 68 cents on the dollar?

Opinion: Bitcoin As Money? Here's A Roadmap For How It'll Happen: Gadfly

Opinion: Bitcoin As Money? Here's A Roadmap For How It'll Happen: Gadfly

Andy Mukherjee, Bloomberg Gadfly | Thursday December 21, 2017

Now that bitcoin is a mainstream asset, with futures contracts traded at the world's largest exchange, becoming actual money should be the logical next step. But if you were to ask investors their expectations, the reply in most cases would likely be: "Not in my lifetime."

Opinion: World's Most Richly Valued Lender, HDFC, Has Unhappy Secret

Opinion: World's Most Richly Valued Lender, HDFC, Has Unhappy Secret

Andy Mukherjee | Bloomberg | Monday December 04, 2017

Assiduously shielding its loan book from the flying debris of India's $207 billion bad-debt crisis, HDFC Bank Ltd. has kept its balance sheet in a near-pristine condition.

Opinion: The Contrasting Telecom Fortunes Of Mukesh And Anil Ambani

Opinion: The Contrasting Telecom Fortunes Of Mukesh And Anil Ambani

Andy Mukherjee, Bloomberg Gadfly | Tuesday November 21, 2017

Mukesh Ambani, India's richest man, sold 10-year dollar notes at just 130 basis points over U.S. Treasuries on Monday. None of the existing debt of Indian nonfinancial issuers, including state-owned firms, was raised this cheaply, according to Bloomberg News reporters Carrie Hong and Neha D'silva.

Opinion: Mukesh Ambani's Softly, Softly Online Plan May Outsmart Amazon

Opinion: Mukesh Ambani's Softly, Softly Online Plan May Outsmart Amazon

Andy Mukherjee, Bloomberg Gadfly | Friday November 17, 2017

The $200 billion e-commerce market Morgan Stanley is forecasting for India by 2027 just got a new contender -- with a very different plan.

Opinion: India's Money Helicopter Flew Wrong Way With Cash Ban

Opinion: India's Money Helicopter Flew Wrong Way With Cash Ban

Andy Mukherjee, Bloomberg Gadfly | Wednesday November 08, 2017

In the annals of economic experimentation, India's cash ban will stand out. Not because it was ill-advised, poorly executed or unsuccessful in achieving its original aims. Prime Minister Narendra Modi's move to outlaw 86 percent of his country's currency a year ago today was all those things. What made it remarkable, though, was the way it flew against the zeitgeist.

Opinion: Infosys Would Be Much Better Off If It Just Came Clean

Opinion: Infosys Would Be Much Better Off If It Just Came Clean

Andy Mukherjee, Bloomberg Gadfly | Wednesday October 25, 2017

Infosys stock, which dropped 14 percent after Vishal Sikka resigned, is up almost 7 percent since then.

Opinion: Ratan Tata Has A Child Lock Feature In Mind For Jaguar

Opinion: Ratan Tata Has A Child Lock Feature In Mind For Jaguar

Andy Mukherjee, Bloomberg Gadfly | Tuesday September 19, 2017

The nerve center of the $105 billion group that encompasses, among other units, the marque British carmaker, has been the target of an intense battle for control for almost a year now.