Andy Mukherjee

India’s 158-year-old Tata Group wants its holding company to stay private. But since regulatory pressures are making it difficult to hold off a stock-market listing indefinitely, it can perhaps learn the virtue of simplicity from an even older conglomerate: Hong Kong’s Jardine Matheson.

RBI's requirement for upper-layer shadow lenders leaves Tata Sons facing an inevitable public listing. To resolve long-standing friction with minority owner Shapoorji Pallonji Group over illiquid shares, Tata Sons could emulate Scottish group Jardine Matheson by simplifying its corporate structure, buying out SP Group's stake, and using differential voting rights during an IPO to preserve control and financial stability.

Some of India’s smaller nonbank financiers have been getting a bit too creative lately. And that has led the Reserve Bank of India to consider restricting the access to financing needed by self-employed professionals and small business owners.

Revolving credit is risky. It can lead debtors into debt traps, while juggled credit lines can create systemic stress. But India's credit market needs rivalry and barring shadow banks from offering flexi loans may throw the baby out with the bathwater.

US entanglement in India’s regulatory weeds is becoming a prickly political issue for New Delhi.

US entanglement in India's regulatory weeds is becoming a prickly political issue for New Delhi.

Asia’s second-richest business clan just made a highly public commitment to rein in its youngest scion’s passion project, a controversial wildlife sanctuary. In doing so, tycoon Mukesh Ambani is cutting the risks to his empire and ironing out a major wrinkle in his succession plans.

Asia's second-richest business clan just made a highly public commitment to rein in its youngest scion's passion project, a controversial wildlife sanctuary.

Building a personal fortress for cryptographic keys was always hard work, but there was a time when becoming one’s own bank was cool. No longer. It’s been nearly two decades since backlash against Big Banks during the Global Financial Crisis gave birth to Bitcoin, in a spirit of distrust only deepened by Occupy Wall Street. Yet maintaining the purity of the techno-anarchist vision is becoming a costly drag for investors. The final straw has been the recent attack on Coldcard, a Bitcoin-only hard

India’s rich are just as furious as its working class, but their anger flows in opposite directions. While the “cockroach” movement grew from college students demanding fair exams to schoolchildren protesting broken roads — all training their ire on Prime Minister Narendra Modi’s government — the corporate elite have turned their knives on each other.